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Which of the following statements is/are correct regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2021?
1. The Act empowers the central government to reserve any mine to be leased through an auction for a particular end-use.
2. The Act provides for a non-exclusive reconnaissance permit (for minerals other than coal, lignite, and atomic minerals).
3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.
Select the correct answer using the code given below.
  • a)
    1 and 2 only
  • b)
    3 only
  • c)
    2 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is/are correct regarding the Mines a...
  • First two provisions (S1 and S2) were amended through the Mines and Minerals (Development and Regulation) Amendment Bill, 2021.
  • S3 is correct, The Act empowers the central government to specify a time period for completion of the auction process in consultation with the state government. If the state government is unable to complete the auction process within this period, the auctions may be conducted by the central government.
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Which of the following statements is/are correct regarding the Mines a...
The correct answer is option 'B': 3 only.

Explanation:

1. Empowerment of Central Government:
- The Mines and Minerals (Development and Regulation) Amendment Act, 2021 empowers the central government to reserve any mine to be leased through an auction for a particular end-use. This means that the government can decide the specific purpose for which a mine will be used and lease it through an auction process accordingly.

2. Non-Exclusive Reconnaissance Permit:
- The Act does not provide for a non-exclusive reconnaissance permit for minerals other than coal, lignite, and atomic minerals. A reconnaissance permit allows the holder to undertake exploration activities to assess the mineral potential in a particular area.

3. Sale of Mineral Production:
- The Act does not provide for captive mines (other than atomic minerals) to sell up to 50% of their annual mineral production in the open market after meeting their own needs. Captive mines are mines that are established for the exclusive use of a specific industry or company.

Therefore, the correct statement is:

3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.
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Which of the following statements is/are correct regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2021?1. The Act empowers the central government to reserve any mine to be leased through an auction for a particular end-use.2. The Act provides for a non-exclusive reconnaissance permit (for minerals other than coal, lignite, and atomic minerals).3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is/are correct regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2021?1. The Act empowers the central government to reserve any mine to be leased through an auction for a particular end-use.2. The Act provides for a non-exclusive reconnaissance permit (for minerals other than coal, lignite, and atomic minerals).3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is/are correct regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2021?1. The Act empowers the central government to reserve any mine to be leased through an auction for a particular end-use.2. The Act provides for a non-exclusive reconnaissance permit (for minerals other than coal, lignite, and atomic minerals).3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2021?1. The Act empowers the central government to reserve any mine to be leased through an auction for a particular end-use.2. The Act provides for a non-exclusive reconnaissance permit (for minerals other than coal, lignite, and atomic minerals).3. The Act provides that captive mines (other than atomic minerals) may sell up to 50% of their annual mineral production in the open market after meeting their own needs.Select the correct answer using the code given below.a)1 and 2 onlyb)3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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