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

What is the main function of the Reserve Bank of India (RBI)?

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What is meant by “marginal propensity to consume”?

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What is meant by the term “current account deficit”?

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What does the Gini Coefficient measure?

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Which of the following is a direct tax?

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Which of the following is a feature of monopolistic competition?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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Which term refers to an economy that has elements of both capitalism and socialism?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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What is a “repo rate”?

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