New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the Mines and Minerals (Development and

    Regulation) Act, 1957 a State Government shall not grant a mineral concession to any person unless such person____________
    A Is an Indian national Correct Answer Incorrect Answer
    B A company as defined in clause (20) of section 2 of the Companies Act, 2013 Correct Answer Incorrect Answer
    C Either a or b Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Section 5.   Restrictions on the grant of prospecting licences or mining leases- (1) A State Government shall not grant a mineral concession to any person unless such person-- (a) is an Indian national, or company as defined in clause (20) of section 2 of the Companies Act, 2013; and (b) satisfies such conditions as may be prescribed.

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