Consider the following statements regarding National Mineral Policy 2019 1. It proposes to grant status of 'industry' to mining activities to boost finance and investment in mining. 2.It also provides for maintenance of the database of mineral resources. 3. It encourages private sector for taking up the exploration. 4. It replaced the National Mineral Policy, 2008. Which of the statements given above is/are correct?

Only 1
Only 1 and 3
Only 1, 2 and 3
All of the above

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : All of the above

The correct answer is All of the above.

The National Mineral policy 2019 replaces the previous National Mineral Policy 2008. Hence statement 4 is correct.
Features of National Mineral Policy 2019 are as follows-
- It proposes to grant status 'industry' status to mining activity.
- It makes effort to harmonize taxes, levies, and royalty.
- It also provides for the maintenance of a database of mineral resources.
- Proposes to encourage private investment in the mining industry.
- Focuses on the use of coastal waterways and inland shipping for mineral transportation.
Hence statements 1 2 and 3 are correct.

Impacts of National Mineral Policy 2019 shall be-

Inland waterway will lead to the integration of 12 states that produce minerals.
District Mineral Fund will help in the development of mining-affected districts and people.
Commercialization of the mining industry and PPP models shall commence.
After industry status, entrepreneurs shall get finance and investment and more FDI shall be attracted.

4 views Answered 2022-09-04 04:29

Related Questions

Consider the following statements regarding initiatives in the education sector in the recent past. 1. A national mission called NISHTHA (National Initiative for School Head's and Teachers' Holistic Advancement) under the centrally sponsored scheme of Samagra Shiksha was launched in August 2019 to improve learning outcomes at the elementary level. 2. Pradhan Mantri Innovative Learning Program (DHRUV) was launched to identify and encourage talented students to enrich their skills and knowledge. Which of the statements given above is/are correct?

1 Answers 4 Views

Which of the decision was taken by Maharashtra government on 24th November 2001 that had a far reaching impact on education field (a) Contract basis policy (b) Non-grant policy (c) Stage grant policy (d) Partial grant policy Which of the above option(s) is/are correct?

1 Answers 4 Views

Consider the following statements 1. Any sector is granted 'infrastructure' status by the Department of Heavy Industry. 2. Department of Heavy Industry comes under the Ministry of Heavy Industries and Public Enterprises. Which of the statements given above is/are correct?

1 Answers 4 Views

Which of the following statements is/are correct about the Finance Commission of India 1. The eligibility of members of the Finance Commission is determined by the President. 2. The First Finance Commission was constituted in 1951. 3. The President of India constitutes the Finance Commission every 5 years. 4. Chairman of Finance Commission submits his report to the Parliament of India.?

1 Answers 4 Views

Consider the following statements with reference to Disinvestment 1. All the proceeds from the disinvestment of Centre Public Sector Enterprises will be channelized to National Investment Fund (NIF) 2. The Department of Economic Affairs under Ministry of finance is the nodal agency for disinvestment Which of the statements given above is/are correct ?

1 Answers 4 Views

Foreign investment can be made through which of the following routes (i) Foreign Direct Investment (FDI) (ii) Foreign Portfolio Investment (FPI) (iii) Private Equity Investment (PEI) (iv) Foreign Venture Capital Investors (FVCI) Choose the correct answer from the code given below : ?

1 Answers 5 Views

For the following two statements regarding infrastructural services in the country, choose the correct code for the statements being correct or incorrect. Statement I: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over-employment. Statement II: There is a need now to induce more private sector investment and participation in sharing, accountability, monitoring and management of infrastructure sector.?

1 Answers 4 Views

Consider the following statements regarding the cotton textile industry. 1. The cotton textile industry is a weight-loosing industry hence its location depends upon the site of production of raw material. 2. Top cotton-producing states in the country are - Gujarat and Maharashtra. Which of the statements given above is/are correct?

1 Answers 4 Views

Which one of the following four addresses is NOT EXACTLY the same as the one given below Private Bag X86, Halfway House, Number-1685, S. Africa i. Private Bag X86, Halfway House, Number-1885, S. Africa ii. Private Bag X86, Halfway House, Number-1685, S. Africa iii. Private Bag X86, Halfway House, Number-1685, S. Africa iv. Private Bag X86, Halfway House, Number-1685, S. Africa?

1 Answers 4 Views

Which of the following statement is/are correct HELP programme HELP is a paradigm shift from Production Sharing Contract(PSC) regime to Revenue Sharing Contract(RSC) regime based on ease of doing business. It provides for a single license for exploration and production of conventional as well as non-conventional Hydrocarbon resources. Shifting of focus from revenue to production maximisation is the feature of Policy Reforms. Select the correct code from below.?

1 Answers 8 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)