UPSC Economics Indian Economy Question Bank Industries and Infrastructure

  • question_answer
    What is/are the purpose/purposes of 'District Mineral Foundations' in India?
    1. Promoting mineral exploration activities in mineral rich districts
    2. Protecting the interests of the persons affected by mining operations
    3. Authorizing State Governments to issue licenses for mineral exploration
    Select the correct answer using the code given below.

    A) 1 and 2 only  

    B) 2 only

    C) 1 and 3 only     

    D) 1, 2 and 3

    Correct Answer: B

    Solution :

    District Mineral Foundation (DMF) is a trust set up as a non-profit body, in those districts affected by the mining works, to work for the interest and benefit of persons and areas affected by mining related operations. It is funded through the contributions from miners. Its manner of operation comes under the jurisdiction of the relevant State Government. Ref: Economic Survey Vol.2, page 141.

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