RA 7942 Practice Test 3 Flashcards
What section of the Act requires contractors to furnish the government with records of geological and accounting data?
Section 91
The excise tax on mineral products as provided under Republic Act No. 7729 is a major component of the government’s ________ in mineral agreements.
Excise taxes
Which government official is responsible for issuing an industrial sand and gravel permit?
Provincial governor
What type of financial guarantee must be posted by contractors entering into financial or technical assistance agreements?
Surety bond
The total share of the government in a joint venture agreement (JVA) is determined by considering the capital investment and the risks ________ by the project.
Risks borne
What section outlines the grounds for the cancellation of permits due to violations of environmental compliance?
Section 95
Mining companies that fail to pay taxes for two consecutive years may have their mineral agreements ________.
Cancelled
The Mines Adjudication Board has ________ days to decide a case after its submission.
30 days
According to the Act, which professional must supervise mining operations with over 50 workers?
Mining engineer
The term “offshore” as defined in the Act refers to areas located beyond ________ meters from the mean low tide level.
500 meters
The Philippine government reserves the right to ________ water rights to prevent the monopoly of water resources for mining operations.
Revoke
Under Section 106, a person who willfully damages a mine by obstructing any shaft or passage can be imprisoned for up to ________ years.
5 years
In case of arson in a mining area, the penalties are outlined under the ________ Penal Code.
Revised
Mining companies are required to consult ________ organizations as part of the environmental impact assessment process.
Environmental organizations
Contractors must restore disturbed mining areas to a condition of environmental ________.
Stability
