CLAT GurukulSamudraManthan

Topic 175 · Answers

Rare-earth magnet scheme and corridors

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer B

    How many bids came in for the Rs 7,280 crore rare earth magnet scheme?

    • 12
    • Correct answer: 20
    • 5
    • 30

    Core Trigger: The Heavy Industries Ministry invited bids on 20 March 2026 for the Rs 7,280 crore rare earth magnet scheme; 20 bids came in.From Book 1 RATNA, topic 175, point 1

  2. Question 2Answer D

    How many tonnes a year of NdFeB magnet capacity does the scheme target?

    • 1,200
    • 3,000
    • 10,000
    • Correct answer: 6,000

    Scheme Goal: It targets 6,000 tonnes a year of NdFeB magnet capacity, split among five bidders of up to 1,200 tonnes each.From Book 1 RATNA, topic 175, point 2

  3. Question 3Answer C

    Which Union Minister presented Budget 2026-27 on 1 February 2026?

    • Piyush Goyal
    • Rajnath Singh
    • Correct answer: Nirmala Sitharaman
    • Amit Shah

    Minister Involved: Nirmala Sitharaman, Finance Minister, presented Budget 2026-27 on 1 February 2026.From Book 1 RATNA, topic 175, point 3

  4. Question 4Answer B

    Which component of the outlay is Rs 6,450 crore?

    • Capital subsidy
    • Correct answer: Sales-linked incentive
    • Interest subvention
    • Research grant

    Outlay Split: Rs 750 crore is capital subsidy and Rs 6,450 crore is sales-linked incentive.From Book 1 RATNA, topic 175, point 4

  5. Question 5Answer A

    According to EY, what share of global rare earth production does China make?

    • Correct answer: 68.6%
    • 48.6%
    • 58.6%
    • 78.6%

    Data Point: India holds about 6.27% of global rare earth reserves but only 0.83% of production; China makes 68.6% (EY).From Book 1 RATNA, topic 175, point 5

  6. Question 6Answer D

    Which firm supplies NdPr oxide to the three lowest bidders?

    • NMDC
    • Hindustan Zinc
    • NALCO
    • Correct answer: IREL

    Stakeholders: Bidders include Larsen & Toubro, Coal India and Lohum; the three lowest get NdPr oxide from IREL.From Book 1 RATNA, topic 175, point 6

  7. Question 7Answer A

    Consider: 1. IREL operates at Chavara in Kerala. 2. IREL's OSCOM site is in Tamil Nadu. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Key Sites: IREL operates at Chavara (Kerala), Manavalakurichi (Tamil Nadu), OSCOM (Odisha) and Aluva (Kerala).From Book 1 RATNA, topic 175, point 8

  8. Question 8Answer C

    In which year was IREL incorporated?

    • 1963
    • 1948
    • Correct answer: 1950
    • 1974

    Founded: IREL was incorporated in 1950 and became a full government undertaking under the Department of Atomic Energy in 1963.From Book 1 RATNA, topic 175, point 9

  9. Question 9Answer D

    On which date did the Union Cabinet approve the scheme?

    • 20 March 2026
    • 1 February 2026
    • 26 January 2026
    • Correct answer: 26 November 2025

    Approval: The Union Cabinet approved the scheme on 26 November 2025: two years to build plants, then five years of incentives.From Book 1 RATNA, topic 175, point 10

  10. Question 10Answer B

    Consider: 1. Monazite ores contain only iron. 2. Rare earths are 17 elements, scandium, yttrium and 15 lanthanides. Which is/are correct?

    • Only 1
    • Correct answer: Only 2
    • Both 1 and 2
    • Neither

    Regulation: Monazite ores contain uranium and thorium, so mining stays under government control.From Book 1 RATNA, topic 175, point 11

Open these answers in the app (sign-in needed)