Topic Details (Notes format)

Renewable Energy and Green Transition

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

India’s pivot to renewables (solar, wind, biomass) aims to reduce carbon emissions, meet rising power demands, and cut fossil fuel import bills. Policies—like the National Solar Mission—offer subsidies, viability gap funding, and mandatory renewable purchase obligations. For exam readiness, note achievements (gigawatt capacity expansions), challenges (grid stability, land for solar farms), and how domestic manufacturing (solar modules, wind turbines) fosters self-reliance. The synergy with electrification of transport further cements India’s green transition push.

Practice Questions

Which of the following is NOT an example of a direct tax?

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What is the main aim of Public Distribution System (PDS) in India?

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What is meant by “marginal propensity to consume”?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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What does the “Phillips Curve” show?

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What is “inflation targeting”?

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What does the term “elasticity of demand” measure?

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What is the main objective of disinvestment in public sector undertakings (PSUs)?

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Which of the following is NOT a component of Aggregate Demand?

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What does “primary sector” of the economy include?

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