Module: General Practice
Q173: To secure the supply chain for EV batteries, the Budget 2026-27 announced specific incentives under the "Critical Mineral Mission." Which of the following is a key component of this mission?
✅ Correct Answer: B
The establishment of "Rare Earth Corridors" is a key component.
Critical Minerals (Lithium, Cobalt, Rare Earths) are essential for the green transition.
The Budget proposed dedicated corridors in mineral-rich states (Odisha, Kerala, Andhra Pradesh, Tamil Nadu) to create an integrated ecosystem for mining, processing, and manufacturing of rare earth magnets.
The budget also removed/exempted customs duty on capital goods required for processing these minerals to encourage domestic refining.
Critical Minerals (Lithium, Cobalt, Rare Earths) are essential for the green transition.
The Budget proposed dedicated corridors in mineral-rich states (Odisha, Kerala, Andhra Pradesh, Tamil Nadu) to create an integrated ecosystem for mining, processing, and manufacturing of rare earth magnets.
The budget also removed/exempted customs duty on capital goods required for processing these minerals to encourage domestic refining.