Question

    The Ministry of Mines has recently launched the ‘Scheme for Partial Reimbursement of Exploration Expenses for Holders of Exploration Licences (EL)’. This scheme offers a 50 percent reimbursement on expenses incurred during the exploration of critical minerals, with a maximum cap of _________.

    A Rs 10 crore Correct Answer Incorrect Answer
    B Rs 15 crore Correct Answer Incorrect Answer
    C Rs 20 crore Correct Answer Incorrect Answer
    D Rs 25 crore Correct Answer Incorrect Answer
    E Rs 30 crore Correct Answer Incorrect Answer

    Solution

    The scheme aims to incentivize exploration activities by offering a reimbursement of up to Rs 20 crore to support the discovery of critical minerals.

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