Consider the following statements: 1. Coal sector was nationalized by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated on lottery basis. 3. Till recently, India imported coal to meet the shortages of domestic supply, but now

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Q: 88 (IAS/2019)
Consider the following statements:
1. Coal sector was nationalized by the Government of India under Indira Gandhi.
2. Now, coal blocks are allocated on lottery basis.
3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,140,27,140,13,6,8

keywords: 

{'coal sector': [0, 0, 0, 1], 'coal production': [0, 0, 0, 1], 'coal blocks': [0, 0, 0, 1], 'coal': [0, 1, 2, 0], 'shortages': [0, 0, 0, 1], 'domestic supply': [0, 0, 0, 3], 'india': [8, 1, 7, 13], 'indira gandhi': [2, 0, 3, 0], 'lottery basis': [0, 0, 0, 1], 'government': [5, 0, 0, 1], 'self': [1, 0, 3, 4]}

The correct answer is a.

Explanation:

1. The statement is correct. The coal sector was nationalized by the Government of India in 1973 under the Coal Mines (Nationalisation) Act, 1973 during the prime ministership of Indira Gandhi.

2. The statement is incorrect. In 2015, the allocation of coal blocks was done through e-auction and not through lottery basis.

3. The statement is partially correct. India has made significant progress in increasing coal production, but it still imports some coal to meet the demand. So, the correct statement is that India is almost self-sufficient in coal production.