Economy
2018
Energy Resources India
Government Schemes
With reference to solar power production in India, consider the following statements:
- India is the third largest in the world in the manufacture of silicon wafers used in photovoltaic units.
- The solar power tariffs are determined by the Solar Energy Corporation of India.
Which of the statements given above is/are correct?
D.Neither 1 nor 2
A.1 only
C.Both 1 and 2
B.2 only
Correct Answer: Option D
Statement 1 is incorrect. India is not a major manufacturer of silicon wafers for photovoltaic units. Most materials are imported from countries like China and Europe.
Statement 2 is incorrect. The Central Electricity Regulatory Commission (CERC), not the Solar Energy Corporation of India (SECI), determines solar power tariffs and regulates tariffs for generating companies owned or controlled by the Central Government.
SECI possesses a power-trading license, but its role does not extend to setting solar power tariffs.
Therefore, neither statement 1 nor statement 2 is correct.
Sources:
More Economy Questions
Which one of the following is the main objective of the ‘Make in India’ initiative?Economy · 2015With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instrum...Economy · 2024In the context of any country, which one of the following would be considered as part of its social ...Economy · 2019Which one of the following is likely to be the most inflationary in its effects?Economy · 2021With reference to the Indian economy, consider the following statements:Economy · 2022