CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which three Central PSU’s have agreed to set up a joint venture, KABIL to ensure consistent supply of critical minerals to Indian market?

A	BHEL, NALCO and HCL
B	BEML, GAIL, GIC
C	NALCO, HCL, MECL
D	IFCI, IDPL, HLL

Explanation:

Detailed explanation-1: -In order to ensure mineral security of the nation and to attain self-reliance in the area of critical and strategic minerals, the Ministry of Mines has created a Joint Venture company namely Khanij Bidesh India Ltd (KABIL) with participating interest of NALCO, HCL and MECL.

Detailed explanation-2: -KABIL: It is a Joint Venture Company set up with the participation of three Central Public Sector Enterprises namely, National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL) and Mineral Exploration Company Ltd. (MECL).

Detailed explanation-3: -Some important minerals needed for their manufacture are chromium, manganese, molybdenum, nickel, and rare earth elements. India extracts some chromium, manganese, and rare earth elements (REEs), but the bulk of the REEs are currently mined and processed in China.

There is 1 question to complete.