New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which of the following is the main objective of the

    District Mineral Foundation (DMF)?
    A To promote safe mining Correct Answer Incorrect Answer
    B To Promote Awareness on Minerals Correct Answer Incorrect Answer
    C To deposit State Government royalty in that fund Correct Answer Incorrect Answer
    D Welfare of the persons affected by mining-related operations Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    As per the MMDR (Amendment) Act, 2015, state governments must establish DMFs in all districts for the interest and benefits of the persons affected by mining-related operations; lease holders are required to contribute to these not-for-profit foundations as a defined percentage of royalty, in addition to the royalty paid to state governments.

    Practice Next