Critical Minerals MCQ

Question 1

Consider the following statements about KABIL:
1. KABIL is a joint venture company formed with equity contribution from NALCO, HCL and MECL.
2. KABIL has acquired lithium brine blocks in Catamarca, Argentina.
3. KABIL was set up to acquire only domestic critical mineral assets within India.
Which of the statements given above are correct?

Accepted Answer

Statements 1 and 2 are correct: PIB identifies KABIL's three equity partners and notes its lithium brine blocks in Catamarca, Argentina. Statement 3 is incorrect because KABIL's mandate is specifically overseas acquisition for supply assurance.

Question 2

Consider the following statements about the Centre of Excellence on Critical Minerals:
1. The committee recommended establishing a National Institute or Centre of Excellence on Critical Minerals.
2. The Centre of Excellence is meant to periodically update India's critical minerals list, preferably every three years.
3. The Centre of Excellence is meant to freeze the critical minerals strategy permanently.
Which of the statements given above are correct?

Accepted Answer

Statements 1 and 2 are correct: the committee recommended a National Institute or CECM, and CECM is meant to update the list preferably every three years. Statement 3 is incorrect because CECM is also meant to notify critical mineral strategy from time to time, not freeze it.

Question 3

Consider the following statements about the National Critical Mineral Mission's design:
1. The mission seeks to intensify exploration of critical minerals within India and in offshore areas.
2. The mission is intended to reduce timelines for regulatory approvals for critical mineral mining projects.
3. The mission bars private sector companies from acquiring critical mineral assets abroad.
Which of the statements given above are correct?

Accepted Answer

Statements 1 and 2 are correct: the mission intensifies exploration in India and offshore and seeks faster regulatory approvals. Statement 3 is incorrect because the mission encourages Indian PSUs and private companies to acquire critical mineral assets abroad.

Question 4

Consider the following statements about India's legal and auction framework for critical minerals:
1. The MMDR Amendment Act, 2023 empowered the Central Government to auction 24 critical and strategic minerals.
2. The first tranche of auction included 20 critical and strategic mineral blocks.
3. The first-tranche table included mineral blocks in Bihar and Gujarat.
Which of the statements given above are correct?

Accepted Answer

All three statements are correct. PIB states that the 2023 MMDR amendment inserted 24 critical and strategic minerals, the first tranche covered 20 blocks, and the notified block table included Bihar and Gujarat entries.

Question 5

Consider the following statements about policy push for critical minerals:
1. A Ministry of Mines workshop connected resilient and self-reliant critical-minerals supply chains with the National Critical Minerals Mission.
2. The cited policy push was the National Electric Mobility Mission Plan, not the National Critical Minerals Mission.
3. The objective was a resilient and self-reliant supply chain for critical minerals.
Which of the statements given above are correct?

Accepted Answer

Statements 1 and 3 are correct. Statement 2 is incorrect because the corpus fact identifies the National Critical Minerals Mission as the policy push, not the National Electric Mobility Mission Plan.

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