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What cash award did the Indian Olympic Association (IOA) announce for a gold-medal-winning athlete at the Rio Olympics?

A
₹20 lakh
B
₹25 lakh
C
₹50 lakh
D
₹10 lakh
Correct Option: C

Explanation

For the Rio Olympics, the Indian Olympic Association announced ₹50 lakh for a gold medal, ₹30 lakh for silver and ₹20 lakh for bronze.

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