2024 · Q120
Which of the following statements about 'Green Credit Initiative' is/are correct?
- 1It is a response to the challenge of climate change.
- 2It promotes plantations on wasteland and river catchment areas.
- 3It is a scheme of the Government of India to replace the kerosene oil used by the rural poor with solar power.
Select the correct answer using the code given below.
General KnowledgeCurrent Affairs
- A1, 2 and 3
- B1 and 2 only
- C2 only
- D1 and 3 only
Explanation
Statement 1 is correct: the Green Credit Initiative, launched by the Government of India, is a market-based response to the challenge of climate change, incentivising voluntary environmental actions. Statement 2 is correct: it promotes plantations on wasteland, degraded lands and river catchment areas, among other activities. Statement 3 is incorrect: the initiative has nothing to do with replacing kerosene used by the rural poor with solar power. With statements 1 and 2 correct, the answer is (B).