UPSC PRELIMS · ECONOMICS · CARBON MARKETS
Consider the following statements : Statement-I : Carbon markets are likely to be one of the most widespread tools in the fight against climate change. Statement-II : Carbon markets transfer resources from the private sector to the State. Which one of the following is correct in respect "of the above statements? (a) Both Statement-I and Statement-II . are correct and Statement-II is the correct explanation for Statement-I {b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I (c) Statement-I is correct but Statement-II is incorrect (d) Statement-I is incorrect . but Statement-II is correct
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
Carbon markets can be a major climate-policy tool, but they do not simply transfer resources from the private sector to the State; therefore only statement I is correct.
More Economics practice
ECONOMICS · Indian Economy: Energy
Consider the following: 1. Battery storage 2. Biomass generators 3. Fuel cells 4. Rooftop solar photovoltaic systems How many of the above…
ECONOMICS · Indian Economy: Energy
Pumped-storage hydropower is mainly used for which one of the following purposes?
ECONOMICS · Indian Economy: Financial Markets
Collateral Borrowing and Lending Obligations are instruments of which one of the following markets?
ECONOMICS · Indian Economy: Agriculture
Which one of the following best describes the initiative '100 Million Farmers'?
Ready for the real thing?
Battle other aspirants in timed 1v1 Prelims duels, climb the rating ladder and keep your daily streak. Free and ad-free.