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GATE Mineral Economics, Mine Planning, Systems Engineering: Mineral Economics – Previous Year Questions

16 GATE previous year questions on Mineral Economics (Mineral Economics, Mine Planning, Systems Engineering, Mining Engineering) with answers and explanations, from every paper.

  1. GATE 2021 MN Q19 (1 mark, Multiple choice) – Under the MMDR Act 1957, who is authorised to grant permits/leases for minor minerals in the stated allocation context?
  2. GATE 2021 MN Q25 (1 mark, Multiple choice) – Which statement distinguishes depreciation and amortisation allowances in the source’s tax/accounting terminology?
  3. GATE 2021 MN Q26 (1 mark, Multiple choice) – Which is NOT included in a machine’s owning cost?
  4. GATE 2021 MN Q44 (2 marks, Multiple choice) – Match roof-bolt cost/revenue lines: P line A, R line B, S line C, with 1 total cost, 2 indirect operating cost, 3 revenue.
  5. GATE 2021 MN Q47 (2 marks, Numerical answer) – A three-year quarry mines 3 million tonnes ore each year. Waste volumes in years 1, 2, 3 are 5.0, 5.5, 5.0 million m³. Ore sells at₹1500/t; ore mining…
  6. GATE 2022 MN Q28 (1 mark, Multiple choice) – A mining company produces iron ore and sells it to another company. In the sale scenario asked, royalty is based on:
  7. GATE 2022 MN Q29 (1 mark, Numerical answer) – A screw compressor costs ₹21, 00, 000 and has 15-year life. Under sum-of-years-digits depreciation, the fourth-year charge is ₹2, 00, 000. Find…
  8. GATE 2022 MN Q61 (2 marks, Numerical answer) – Two project NPVs are NPV A=-0.01i2-0.02i+4.44 and NPV B=-0.03i2-0.01i+6.55. Find the positive crossover discount rate i at which both proposals are…
  9. GATE 2022 MN Q64 (2 marks, Numerical answer) – A mine has 150 Mt reserve and a maximum annual output of 5 Mt. Year 1 production is 2 Mt and grows 20% each year until capacity is reached. Find…
  10. GATE 2023 MN Q61 (2 marks, Numerical answer) – A project needs ₹200 crore initially. After gestation, production over three years is 1, 2, 1 million tonnes. Ore sells at ₹2000/tonne; ore mining…
  11. GATE 2024 MN Q24 (1 mark, Multiple choice) – What is the role of a District Mineral Foundation established by a state government in India?
  12. GATE 2024 MN Q60 (2 marks, Numerical answer) – A mining project has real return 14% and inflation 5.5%. Find nominal return in percent, to two decimals.
  13. GATE 2025 MN Q60 (2 marks, Numerical answer) – A3-year project costs₹300 crore at year0. Year1–3 revenues are200,300,400 crore and operating costs30,40,35 crore. Tax is30%,discount10%,and…
  14. GATE 2026 MN Q16 (1 mark, Multiple choice) – In the UNFC mineral-resource classification used by this question, which code denotes the highest category?
  15. GATE 2026 MN Q50 (2 marks, Numerical answer) – A shovel costs P=₹20 crore, has salvage S=₹2 crore and life n=10 years. Declining-balance rate is r=1-(S/P)1/n. Find its second-year depreciated cost…
  16. GATE 2026 MN Q51 (2 marks, Numerical answer) – In the economic block model, centre labels give extraction year and corner labels give block economic values in lakh rupees. At10% annual discount,…