UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding &... Start Learning for Free
Consider the following statements regarding ‘Solar Facility’, recently seen in news.
  1. Solar Facility was approved by International Solar Alliance (ISA).
  2. It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa.
  3. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.
Which of the above statements is/are correct?
  • a)
    1 and 2 only 
  • b)
    1 and 3 only 
  • c)
    2 and 3 only 
  • d)
    1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding ‘Solar Facility&rsqu...
  • To bolster investments in solar power projects, the International Solar Alliance (ISA), in its General Assembly meeting, approved the ‘Solar Facility’, a payment guarantee mechanism expected to stimulate investments into solar projects through two financial components — a Solar Payment Guarantee Fund and Solar Insurance Fund. 
  • The thrust of the facility is to attract private capital to flow into “underserved markets” in Africa. The ISA would aim to crowdsource investments from various donors across the globe and proposed projects in Africa would be able to purchase payment guarantees or partial insurance premium from these funds.
  • “With the Solar Facility ISA is looking to support projects by reducing lenders’ apprehensions and enabling finance to flow for projects that otherwise may not have received funding.
  • The assembly is the apex decision-making body of the 110-member ISA that works with governments to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.
Explore Courses for UPSC exam

Top Courses for UPSC

Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding ‘Solar Facility’, recently seen in news. Solar Facility was approved by International Solar Alliance (ISA). It aims to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa. Solar Payment Guarantee Fund and Solar Insurance Fund are part of Solar Facility.Which of the above statements is/are correct?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev