Q. With reference to District Mineral Funds (DMFs), consider the following statements:
1. DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015.
2. They work as non-profit trusts.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Both statements are correct.  

  • DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015.  
  • They are non-profit trusts to work for the interest and benefit of persons and areas affected by mining-related operations. 

Source: Article