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Question

Difficulty: EasyExplicit and Fact-Based Information Extraction

Read the following passage carefully:

"In March 2026, the Ministry of Mines launched the National Critical Mineral Mission (NCMM) to secure India's supply chain for strategic minerals. Under the framework, public sector undertakings (PSUs) must allocate at least 15% of their annual exploration budgets exclusively to deep-seated mineral deposits. To encourage innovation, micro, small, and medium enterprises (MSMEs) receive a 100% financial subsidy for acquiring advanced exploration technology, whereas large private corporations are explicitly excluded from this financial incentive. Furthermore, all mineral processing units set up under the mission are granted a three-year window from the start of operations to achieve zero-liquid discharge status."

Based on the passage above, which of the following statements are correct?

  1. Public sector undertakings are mandated to reserve a minimum of 15% of their exploration budgets for deep-seated mineral deposits.Answer
  2. Micro, small, and medium enterprises receive a 100% financial subsidy for acquiring advanced exploration technology.Answer
  3. C
    Large private corporations are eligible for a 50% financial subsidy for exploration technology acquisition.
  4. D
    Mineral processing units must achieve zero-liquid discharge status immediately upon commencing operations.

Answer

The correct statements are that public sector undertakings must reserve at least 15% of exploration budgets for deep-seated mineral deposits, and that MSMEs receive a 100% financial subsidy for acquiring advanced exploration technology.
The correct statements accurately state explicit facts provided in the passage: public sector undertakings must allocate at least 15% of their budgets to deep-seated mineral deposits, and MSMEs receive a 100% technology acquisition subsidy.

Step-by-Step Solution

1
Analyze the statement regarding budget allocation for public sector undertakings.
The passage explicitly mentions that public sector undertakings must allocate at least 15% of their annual exploration budgets to deep-seated mineral deposits. This statement is correct.
Direct factual extraction from the second sentence of the text.
2
Analyze the statement regarding financial subsidies for MSMEs.
The passage explicitly mentions that MSMEs receive a 100% financial subsidy for acquiring advanced exploration technology. This statement is correct.
Direct factual extraction from the third sentence of the text.
3
Evaluate the statements regarding large private corporations and the compliance timeline for processing units.
The passage states large private corporations are explicitly excluded from subsidies, and processing units have a three-year window rather than an immediate requirement. Thus, these statements are incorrect.
Verifying details against explicit conditions and scope limiters stated in the text.

Key Concept

Explicit Detail Verification and Fact Extraction
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Topics

Explicit and Fact-Based Information Extraction

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