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Consider the following statements:
Statement-I:
The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.
The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.
Statement-II:
Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.
Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I:The Mines and Minerals ...
Statement-I accurately reflects the provision in the Mines and Minerals (Development and Regulation) Amendment Act 2023 that opens up mining and exploration opportunities for certain minerals previously considered atomic. Statement-II complements this by correctly stating that the central government conducts auctions for specific important and strategic minerals, as outlined in the Act. Hence, both statements are correct, with Statement-II providing an additional detail regarding the auctioning process for these minerals.
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Community Answer
Consider the following statements:Statement-I:The Mines and Minerals ...
Explanation:
Statement-I:
- The Mines and Minerals (Development and Regulation) Amendment Act 2023 does indeed enable private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.
- This amendment opens up opportunities for private companies to engage in the exploration and mining of minerals like lithium, cobalt, and nickel, which are crucial for various industries including the electric vehicle sector.
Statement-II:
- Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals such as lithium, cobalt, and nickel.
- Through these auctions, interested private companies can bid for the rights to explore and mine these minerals, thereby promoting competition and efficiency in the sector.
Conclusion:
Both Statement-I and Statement-II are correct, but Statement-II provides additional details about the specific minerals for which auctions are conducted under the amendment act. Therefore, the correct answer is option 'B'.
Statement-I:
- The Mines and Minerals (Development and Regulation) Amendment Act 2023 does indeed enable private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.
- This amendment opens up opportunities for private companies to engage in the exploration and mining of minerals like lithium, cobalt, and nickel, which are crucial for various industries including the electric vehicle sector.
Statement-II:
- Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals such as lithium, cobalt, and nickel.
- Through these auctions, interested private companies can bid for the rights to explore and mine these minerals, thereby promoting competition and efficiency in the sector.
Conclusion:
Both Statement-I and Statement-II are correct, but Statement-II provides additional details about the specific minerals for which auctions are conducted under the amendment act. Therefore, the correct answer is option 'B'.
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Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?.
Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:The Mines and Minerals (Development and Regulation) Amendment Act 2023 enables private sector participation in the mining and exploration of certain minerals previously categorized as atomic minerals.Statement-II:Under the Amendment Act, the central government conducts auctions for composite licenses and mining leases for specific important and strategic minerals including lithium, cobalt, and nickel.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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