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'National clean energy' fund constituted which of the following account?
- a)Consolidated Fund of India
- b)Public Account of India
- c)Contingency Fund of India
- d)Green Environment Facility Fund
Correct answer is option 'B'. Can you explain this answer?
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National clean energy fund constituted which of the following account?...
NATIONAL CLEAN ENERGY FUND
• 'National Clean Energy Fund’ (NCEF) was constituted in the public account of India in the Finance Bill 2010-11.
• Objective - to invest in entrepreneurial ventures and research & innovative projects in the field of clean energy technology.
• 'National Clean Energy Fund’ (NCEF) was constituted in the public account of India in the Finance Bill 2010-11.
• Objective - to invest in entrepreneurial ventures and research & innovative projects in the field of clean energy technology.
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National clean energy fund constituted which of the following account?...
Public Account of India
National clean energy fund is constituted under the Public Account of India.
Explanation:
National clean energy fund is constituted under the Public Account of India.
Explanation:
- Public Account of India: The Public Account of India is one of the three funds under the Government Accounts. It is used for transactions relating to debt, deposits, and Advances for which the government is merely a banker. The National clean energy fund falls under this category as it is a fund created for specific purposes related to clean energy initiatives.
- National Clean Energy Fund: The National Clean Energy Fund (NCEF) was set up to promote clean energy production in India. It finances and promotes research and innovations in clean energy technologies, provides financial incentives for clean energy projects, and supports energy access initiatives for underserved communities. The fund is managed by the Ministry of New and Renewable Energy.
- Objectives of NCEF: The main objectives of the National Clean Energy Fund are to reduce dependence on fossil fuels, promote sustainable development, mitigate climate change, and enhance energy security. The fund plays a crucial role in accelerating the adoption of clean energy technologies in India.
- Utilization of NCEF: The National Clean Energy Fund is utilized for various purposes such as funding research and development projects in the clean energy sector, providing financial support for clean energy projects, offering subsidies and incentives for renewable energy initiatives, and promoting energy access for all sections of society.
- Importance of NCEF: The National Clean Energy Fund is instrumental in driving the transition towards a cleaner and more sustainable energy future for India. It plays a vital role in supporting the growth of renewable energy sources, reducing greenhouse gas emissions, and promoting environmental conservation.
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National clean energy fund constituted which of the following account?a)Consolidated Fund of Indiab)Public Account of Indiac)Contingency Fund of Indiad)Green Environment Facility FundCorrect answer is option 'B'. Can you explain this answer?
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