Ownership of mines

Q. To whom do the minerals belong? What were the objectives and outcomes of the new national mineral policy of 1993?

Q. Explain the different ways of extracting minerals.

Q. Explain the different ways of extracting minerals.

Q. The government allowed private companies to lease mines and operate them under the _____ announced in 1993.

1. National Mineral Policy
2. The Regulating Act
3. Mineral Exploration Act
4. New National Mineral Policy

Q. In which year did the government allow private companies to lease mines?

1. 1994
2. 2000
3. 1993
4. 1997

Q. The mineral wealth located within the borders of a country is considered as the property of that country's government.

1. True
2. False

Q. In the 1970s, the Indian government took the ownership of mines present in India and regulated mining sector.

1. True
2. False

Q. The mineral wealth located within the borders of a country is considered as the property of that country's government.

1. True
2. False

Q. In the 1970s, the Indian government took the ownership of mines present in India and regulated mining sector.

1. True
2. False

Q. Which of the following options correctly describes the steps taken by the Indian government, as per the new National Mineral Policy of 1993?

1. The government gave power to private entities to lease and operate mines.
2. The government allowed private companies to mine for free.
3. The government encouraged private companies to invest money and use modern technology.
4. The government allowed the companies to mine the minerals in an unregulated manner.