Mining MCQ — 76 Practice Questions with Answers

Q1. Consider the following statements regarding the composition of the 15th round of commercial coal mine auctions: 1. The round included 1 coking coal block and 10 non-coking coal blocks. 2. The offered blocks were spread across Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh and Telangana. 3. Six coal mines were offered as the second attempt of the 14th round. 4. The 15th round took the total commercial auction offering to 135 coal mines across 13 rounds. Which of the statements given above are correct?

Q2. Consider the following statements regarding State participation and revenue in the commercial coal-mining auction framework: 1. The commercial coal auction is based on percentage revenue share. 2. Payments to a State Government are computed by multiplying percentage revenue share with the intrinsic value of coal in the month. 3. The methodology applies only to fully explored coal blocks and excludes partially explored blocks. 4. A floor price equivalent to 4% revenue share is used in the methodology. Which of the statements given above are correct?

Q3. Consider the following statements regarding Mining: 1. The commercial coal mining sector was opened up for private players in 2020. 2. Commercial coal block auctions are conducted in a single-stage offline bidding process. 3. In commercial coal mining auctions, 100% FDI through the automatic route is allowed. Which of the statements given above are correct?

Q4. Consider the following statements about the National Mineral Policy, 2019 and mining regulation: 1. Minerals are described as valuable natural resources and essential raw materials for the core sectors of the economy. 2. The National Mineral Policy, 2019 emphasizes discretionary allocation of mineral resources to speed up mining approvals. 3. The Mineral Conservation and Development Rules, 2017 were framed under Section 18 of the MMDR Act, 1957. Which of the statements given above are correct?

Q5. Consider the following statements regarding the MMDR Amendment Act, 2015: 1. The MMDR Amendment Bill, 2015 came into force with effect from 12 January 2015. 2. Its most important provision was auction by competitive bidding for mineral concessions for major minerals including iron ore. 3. It established District Mineral Foundations for the interest and benefit of persons and areas affected by mining-related operations. 4. Under the Act, the Central Government conducts all auctions, while State Governments only prescribe bidding parameters. Which of the statements given above are correct?