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 measures can reduce a trade deficit?

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

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Which of the following is a direct tax?

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What is “open market operations” (OMO)?

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What does “Laissez-faire” policy advocate?

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Which of the following is an example of a capital receipt for the government?

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

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What is meant by “stagflation”?

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What is the term for the ability of an economy to produce more output from the same inputs?

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What is meant by “liquidity trap”?

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