Q. With reference to Mines and Minerals (Development and Regulation) Amendment Act, 2021 consider the following statements:
1.captive mine operators may sell up to 50% of their annual mineral production in the open market after meeting their own needs.
2.The Act has removed state government’s role and given central power the authority to conduct the auction of mines.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Statement 1: Mines and Minerals (Development and Regulation) Amendment Act, 2021 provides that captive mines may sell up to 50% of their annual mineral production in the open market after meeting their own needs.

Statement 2: The statement is incorrect. The Act gives power to the central government to give state government power to complete the auction process in the specified time. If the state government fails, then it is the duty of the central government to take over.

Source: Live Mint