UPSC Prelims 2025·GS1·economy·economic sectors and development

Consider the following statements : I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals. Which of the statements given above are correct?

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Last updated 23 May 2026, 3:31 pm IST
  1. AI and II only
  2. BII and III only
  3. CI and III onlyCorrect
  4. DI, II and III

Explanation

Analyzing statements about India and critical minerals: I. India has joined the Minerals Security Partnership as a member: Correct. India joined the Minerals Security Partnership (MSP) led by the United States to secure supply chains for critical minerals essential for clean energy transition and national security. II. India is resource-rich in all 30 critical minerals identified: Incorrect. India is not resource-rich in all 30 critical minerals it has identified. While India has significant reserves of some critical minerals, it lacks adequate domestic reserves of several key minerals and depends on imports for many critical minerals. III. Parliament amended the Mines and Minerals Act in 2023 empowering Central Government to exclusively auction mining leases for certain critical minerals: Correct. The amendment gave the Central Government exclusive authority to auction mining leases and composite licenses for certain critical minerals to ensure strategic control over these resources.
economy: Consider the following statements : I. India has joined the Minerals Security Partnership as a member. II. India is a re
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