UPSC Prelims Practice Questions — Union Minister for Heavy Industries & Steel Chairs Stakeholder Consultation Meeting on Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets.

Question 1

Under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, the sales-linked incentive component of ₹6,450 crore is to be disbursed over a period of how many years?

Accepted Answer

Five years

Answer

Three years

Answer

Seven years

Answer

Ten years

Question 2

Monazite, the principal source mineral of rare earths in India whose downstream chain feeds the REPM Scheme, is classified as a 'prescribed substance' to be handled by the Department of Atomic Energy under which one of the following?

Accepted Answer

Atomic Energy Act, 1962

Answer

Mines and Minerals (Development and Regulation) Act, 1957

Answer

Mines Act, 1952

Answer

Environment (Protection) Act, 1986

Question 3

Under the REPM Scheme, the limited assured supply of NdPr (neodymium-praseodymium) oxide from IREL (India) Ltd. is provided to how many of the lowest bidders?

Accepted Answer

Three

Answer

Two

Answer

Five

Answer

All selected beneficiaries

Question 4

India's official position as the holder of the world's third-largest rare earth resources is based on the assessment published by which one of the following?

Accepted Answer

United States Geological Survey (USGS), 2025

Answer

International Union for Conservation of Nature (IUCN)

Answer

Indian Bureau of Mines (IBM)

Answer

Geological Survey of India (GSI)

Question 5

A pilot plant for the manufacture of Nd-Fe-B rare earth permanent magnets, adopting an end-to-end process from strip-cast alloy to finished sintered magnets, has recently been established at which one of the following institutions?

Accepted Answer

International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), Hyderabad

Answer

National Metallurgical Laboratory (NML), Jamshedpur

Answer

National Physical Laboratory (NPL), New Delhi

Answer

Centre for Materials for Electronics Technology (C-MET), Pune

Question 6

In the global rare earth permanent magnet supply chain, which one of the following countries is the single largest processor, holding the dominant share that India's REPM Scheme seeks to reduce dependence on?

Accepted Answer

China

Answer

Japan

Answer

Australia

Answer

United States

Question 7

The National Critical Mineral Mission, approved by the Union Cabinet to build a resilient critical minerals value chain, is operationalised under which one of the following ministries?

Accepted Answer

Ministry of Mines

Answer

Ministry of Heavy Industries

Answer

Ministry of Coal

Answer

Department of Atomic Energy

Question 8

Under the Ministry of Heavy Industries' Global Tender, the targeted 6,000 MTPA of integrated sintered REPM capacity is to be distributed among a maximum of how many beneficiaries?

Accepted Answer

Five

Answer

Three

Answer

Seven

Answer

There is no upper cap on the number of beneficiaries

UPSC Prelims Practice Questions — Union Minister for Heavy Industries & Steel Chairs Stakeholder Consultation Meeting on Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets.

Q1. Under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, the sales-linked incentive component of ₹6,450 crore is to be disbursed over a period of how many years?

Q2. Monazite, the principal source mineral of rare earths in India whose downstream chain feeds the REPM Scheme, is classified as a 'prescribed substance' to be handled by the Department of Atomic Energy under which one of the following?

Q3. Under the REPM Scheme, the limited assured supply of NdPr (neodymium-praseodymium) oxide from IREL (India) Ltd. is provided to how many of the lowest bidders?

Q4. India's official position as the holder of the world's third-largest rare earth resources is based on the assessment published by which one of the following?

Q5. A pilot plant for the manufacture of Nd-Fe-B rare earth permanent magnets, adopting an end-to-end process from strip-cast alloy to finished sintered magnets, has recently been established at which one of the following institutions?

Q6. In the global rare earth permanent magnet supply chain, which one of the following countries is the single largest processor, holding the dominant share that India's REPM Scheme seeks to reduce dependence on?

Q7. The National Critical Mineral Mission, approved by the Union Cabinet to build a resilient critical minerals value chain, is operationalised under which one of the following ministries?

Q8. Under the Ministry of Heavy Industries' Global Tender, the targeted 6,000 MTPA of integrated sintered REPM capacity is to be distributed among a maximum of how many beneficiaries?