Consider the following statements regarding National Mineral Policy 20

1.	Consider the following statements regarding National Mineral Policy 20191. 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?1. Only 12. Only 1 and 33. Only 1, 2 and 34. All of the above
Answer» Correct Answer - 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.

Consider the following statements regarding National Mineral Policy 20191. 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?1. Only 12. Only 1 and 33. Only 1, 2 and 34. All of the above

Answer» Correct Answer - 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.

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