New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    How has India’s fossil fuel subsidy in the oil and gas

    sector changed from 2013 to 2023, according to the Asian Development Bank (ADB)?
    A Increased by 25% Correct Answer Incorrect Answer
    B Remained the same Correct Answer Incorrect Answer
    C Reduced by 85% Correct Answer Incorrect Answer
    D Increased by 85% Correct Answer Incorrect Answer
    E Reduced by 50% Correct Answer Incorrect Answer

    Solution

    India’s fossil fuel subsidy in the oil and gas sector decreased by 85%, from $25 billion in 2013 to $3.5 billion in 2023, due to targeted reforms aimed at reducing reliance on fossil fuels and promoting renewable energy.

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