Q8 · UPSC current affairs · 21 September 2026 · News · Mines and Minerals Development and Regulation Amendment Act

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What is the primary function of a 'District Mineral Foundation' under the mining regulatory framework?

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.

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