A
To regulate international export quotas for rare earth minerals
B
To function as a non-profit trust working for the interest and benefit of persons and areas affected by mining operations
C
To manage corporate social responsibility funds exclusively for software technology parks
D
To provide direct venture capital funding to private mining exploration start-ups
Correct answer: (b) To function as a non-profit trust working for the interest and benefit of persons and areas affected by mining operations
Explanation
A District Mineral Foundation is established as a non-profit trust specifically in mining-affected districts to work for the interest and benefit of persons and areas affected by mining operations, making B correct.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.