National Land Monetisation Corporation (NLMC)

Current Context: The Government of India will be setting up National Land Monetisation Corporation (NLMC).

• The NLMC performs the monetization of the land and other non-core assets.
• Its initial authorized share capital will be Rs 5000 crores and subscribed share capital of Rs 150 crores.
• Also, until now central public sector enterprises (CPSEs) have referred nearly 3400 acres of land and other non-core assets to the government for monetization.
• The NLMC will be incorporated as a 100% GOI-owned entity.

Question: 

Q.1 GOI to set up National Land Monetisation Corporation (NLMC) with initial authorized share capital to be ____?
a. Rs 3000 crores
b. Rs 7000 crores
c. Rs 6000 crores 

d. Rs 5000 crores