New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the purpose of developing a carbon credit

    trading scheme in India?
    A To increase the use of renewable energy Correct Answer Incorrect Answer
    B To price greenhouse gas emissions Correct Answer Incorrect Answer
    C To reduce the use of renewable energy Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    According to BEE authorities, the scheme is aimed at facilitating trading of carbon credits and incentivising and reward entities that reduce, remove or avoid greenhouse gas emissions.

    Practice Next