Mining Sector Reform MCQ — 70 Practice Questions with Answers

Q1. Consider the following statements about the MMDR Amendment Act, 2021: 1. It amended the Mines and Minerals (Development and Regulation) Act, 1957 with effect from 28 March 2021. 2. One objective was time-bound operationalization of mines. 3. Existing captive mines were allowed to sell up to 25% of minerals produced after meeting linked-plant requirements. Which of the statements given above are correct?

Q2. Consider the following statements about the Minerals Concession (Fourth Amendment) Rules, 2021: 1. They provided the manner for sale of 50% of mineral produced from captive leases. 2. They allowed disposal of overburden, waste rock or mineral below threshold value generated during mining or beneficiation. 3. They increased interest on delayed payments from 12% to 24%. Which of the statements given above are correct?

Q3. Consider the following statements about the 2023 first tranche of critical mineral blocks: 1. It included two blocks of lithium and associated minerals for grant of composite licence. 2. PIB said the first tranche covered 20 mineral blocks. 3. PIB said these two lithium blocks were already producing at the time of the auction launch. Which of the statements given above are correct?

Q4. Consider the following statements about District Mineral Foundation: 1. Section 9B provides for DMF in districts affected by mining-related operations. 2. DMF works for the interest and benefit of persons and areas affected by mining-related operations. 3. For leases granted before 12 January 2015, the DMF contribution rate is 30% of royalty. Which of the statements given above are correct?

Q5. Consider the following statements about District Mineral Foundation: 1. Section 9B introduced through the 2015 MMDR amendment provides for DMF in districts affected by mining-related operations. 2. DMF is meant to work for the interest and benefit of persons and areas affected by mining-related operations. 3. The 2015 DMF contribution rules prescribe a uniform contribution of 50% of royalty for all mining leases. Which of the statements given above are correct?