ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following statements is NOT true about the

    utilization of Sovereign Green Bonds (SGBs) in India?
    A Energy infra ministries have sought тВ╣32,000 crore for green energy, energy transition, and transit-development projects through SGBs. Correct Answer Incorrect Answer
    B The Ministry of New and Renewable Energy (MNRE) has requested тВ╣10,000 crore for solar projects under the PM Kusum scheme and National Green Hydrogen Mission (NGHM). Correct Answer Incorrect Answer
    C The funds from SGBs are being used for public transport and green railway projects, including metro rail constructions near Kolkata airport and in Majerhat. Correct Answer Incorrect Answer
    D India launched its first SGB in 2022 to access the global climate finance market, raising тВ╣16,000 crore in FY23 and planning to raise тВ╣20,000 crore in FY24. Correct Answer Incorrect Answer
    E Budget Estimates for FY25 include significant increases for green projects, such as тВ╣10,000 crore for solar energy, тВ╣930 crore for wind energy, and тВ╣12,000 crore for energy-efficient 3-phase electric locos. Correct Answer Incorrect Answer

    Solution

    Statement A is true as energy infra ministries have indeed sought тВ╣32,000 crore for various green projects through SGBs. Statement B is true as the MNRE has requested тВ╣10,000 crore for solar projects under the PM Kusum scheme and NGHM. Statement C is true since funds from SGBs are being used for public transport and green railway projects, including metro rail constructions. Statement D is NOT true because India launched its first SGB in 2023, not 2022, and raised тВ╣16,000 crore in FY23 while planning to raise тВ╣20,000 crore in FY24. Statement E is true as the Budget Estimates for FY25 do include substantial allocations for various green projects, including solar energy, wind energy, and energy-efficient electric locos. Therefore, the incorrect statement is D, making it the correct answer for this question.

    Practice Next
    More RBI Questions

    Relevant for Exams:

    ask-question