Q1. Consider the following statements regarding the Mines and Minerals (Development and Regulation) Amendment Act, 2023. Which of the statements given above is/are NOT correct?
- It came into force on 17 August 2023.
- It empowered the Central Government to exclusively auction Mining Leases and Composite Licences for minerals placed in Part D of the First Schedule.
- The entire revenue from the auction of these critical minerals accrues to the Central Government.
- It introduced a new Exploration Licence for deep-seated minerals listed in the newly inserted Seventh Schedule.
- A. 1 only
- B. 2 only
- C. 3 only
- D. 4 only