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What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?
  • a)
    India's largest wind energy project
  • b)
    India's largest solar power project
  • c)
    India's largest pumped storage project
  • d)
    India's largest hydroelectric project
Correct answer is option 'C'. Can you explain this answer?
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What major project did Madhya Pradesh Chief Minister Shivraj Singh Cho...
Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated India's largest pumped storage project in the Khemla block of Neemuch district on October 4, 2023. This project aims to integrate more than 7000 MW of renewable capacity. Pumped storage projects are crucial for storing excess energy and ensuring a stable power supply.
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What major project did Madhya Pradesh Chief Minister Shivraj Singh Cho...
India's largest pumped storage project

On October 4, 2023, Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated India's largest pumped storage project. This project is a significant milestone in the country's renewable energy sector and is expected to contribute significantly to the state's power generation capacity.

Overview of the project:

- The pumped storage project is designed to store and generate electricity during peak demand periods. It involves the construction of two reservoirs at different elevations, connected by tunnels and pipes.
- During periods of low electricity demand, excess power from the grid or renewable sources, such as solar or wind, is used to pump water from the lower reservoir to the upper reservoir.
- When there is a surge in electricity demand, the stored water is released from the upper reservoir, flowing through turbines to generate electricity that is then supplied to the grid.
- The project has a total capacity of XX megawatts (MW), making it the largest pumped storage project in India. It is expected to improve grid stability and help meet the growing electricity demand in the state.

Significance of the project:

- The pumped storage project plays a crucial role in balancing the intermittent nature of renewable energy sources like solar and wind power. It helps in meeting peak demand periods by utilizing excess energy during low demand periods.
- The project will contribute to the overall renewable energy capacity in the state, reducing dependence on fossil fuel-based power generation.
- It will also help in reducing carbon emissions and promote sustainable development in the region.
- The increased power generation capacity will lead to improved availability and reliability of electricity supply, benefiting industries, businesses, and households in the state.

Economic and social impact:

- The project is expected to create numerous job opportunities during the construction phase, providing employment to local communities and boosting the economy.
- The availability of reliable power supply will attract investments in various sectors, leading to industrial development and economic growth.
- The increased power generation capacity will also improve the quality of life for residents, ensuring better access to electricity for households, educational institutions, and healthcare facilities.

In conclusion, the inauguration of India's largest pumped storage project by Madhya Pradesh Chief Minister Shivraj Singh Chouhan marks a significant step towards achieving a sustainable and reliable power supply in the state. The project's capacity, along with its positive economic and social impact, will contribute to the overall growth and development of the region.
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Direction: Read the following passage carefully and answer the questions that follow.The China Pakistan Economic Corridor (CPEC) mega project has been widely welcomed in Pakistan as a game changer. The core of the project is a 2,500-km road and rail link, which will connect the port of Gwadar on the Arabian Sea to the Chinese city of Kashgar in Central Asia. The Chinese government, the principal sponsor, says it will invest $46 billion on the project.The money will be spent not just on the road and rail link but also on a host of other infrastructure projects. These include an expansion of Gwadar port and a new international airport in the city. Also included are several power projects based on coal and renewable energy that will add about 10.4GW to Pakistan's power grid. Oil and gas pipelines are in the offing as well.There can be no dispute that the CPEC is a game changer. Pakistan's faltering economy will get a huge boost. China will get access to a warm water port. Shipping time and cost for exports from Western China will be reduced. Oil and gas will be offloaded at Gwadar and piped along the corridor to China.The announcement of the project shone a bright light in the gloom that surrounds the Pakistani economy. Elation is the order of the day. There is broad consensus that CPEC is an unqualified “good.” But could it be that, dazzled by the light, we have neglected to conduct a rigorous analysis of this mega project and what it means to Pakistan?In a deal like this emotions have to be set aside. There is no doubt that China has been a strong and constant supporter of Pakistan throughout our history. But it should also be clear that when it makes investment decisions such as the proposed $46 billion CPEC it makes them in the cold light of its self-interest — as one would expect from any responsible nation. And as a responsible nation, conscious of its sovereignty and self-respect, Pakistan should also apply the same standard to its assessment of the project.Clearly the advantages of the CPEC are many, significant, and undeniable. But are there any aspects that may be detrimental to our interests in the long term? The first issue that comes to mind is sovereignty.By leasing out vast tracts of land in the city of Gwadar and all along the route of the corridor, we in fact transfer sovereignty of some of our territory to a foreign power. And this is no ordinary foreign power. China is an emerging superpower with global ambitions. Have we built into the deal the necessary safeguards that will allow us to retain control of our territory if circumstances change?It is proposed that most of the construction work will be done by thousands of Chinese workers. Does this make sense for Pakistan given widespread and painful unemployment? Would it not be in our interest to have Pakistanis do the work? Should contracts not include provisions for contractors to train and employ Pakistani workers and engineers?As a global manufacturing powerhouse China plans to bring all or most of the equipment it needs for projects from its own suppliers. But would not our interest be better served if we insisted on having equipment made in Pakistan? Part of the proposed investment should be diverted to setting up factories inside Pakistan to supply the diverse range of equipment and machinery to the various CPEC projects.Have we asked the right questions in regard to the financing? Forty-six billion dollars is a lot of money. Is it a grant or gift to Pakistan? Is it a loan? If the latter, what is the payback period and the applicable rate? What happens if there is a default? Have the tariff rates payable to Pakistan for use of port facilities, road and rail links, and oil and gas pipelines been established and agreed?These and a whole range of other issues must be addressed when so much is at stake. But it seems that the euphoria of attracting this mega project has perhaps distracted us from the imperative of due diligence and the rigorous risk-based cost benefit analysis that this entails.Let there be no doubt: The CPEC is wonderful news for Pakistan. But it must move forward with its eyes wide open. And with a full understanding of not only the rewards that the project holds for Pakistan, but also the possible pitfalls that may lie in wait for us."Elation is the order of the day.Q. Which of the following best elaborates the given statement?

" Direction: Read the following passage carefully and answer the questions that follow.The China Pakistan Economic Corridor (CPEC) mega project has been widely welcomed in Pakistan as a game changer. The core of the project is a 2,500-km road and rail link, which will connect the port of Gwadar on the Arabian Sea to the Chinese city of Kashgar in Central Asia. The Chinese government, the principal sponsor, says it will invest $46 billion on the project.The money will be spent not just on the road and rail link but also on a host of other infrastructure projects. These include an expansion of Gwadar port and a new international airport in the city. Also included are several power projects based on coal and renewable energy that will add about 10.4GW to Pakistan's power grid. Oil and gas pipelines are in the offing as well.There can be no dispute that the CPEC is a game changer. Pakistan's faltering economy will get a huge boost. China will get access to a warm water port. Shipping time and cost for exports from Western China will be reduced. Oil and gas will be offloaded at Gwadar and piped along the corridor to China.The announcement of the project shone a bright light in the gloom that surrounds the Pakistani economy. Elation is the order of the day. There is broad consensus that CPEC is an unqualified “good.” But could it be that, dazzled by the light, we have neglected to conduct a rigorous analysis of this mega project and what it means to Pakistan?In a deal like this emotions have to be set aside. There is no doubt that China has been a strong and constant supporter of Pakistan throughout our history. But it should also be clear that when it makes investment decisions such as the proposed $46 billion CPEC it makes them in the cold light of its self-interest — as one would expect from any responsible nation. And as a responsible nation, conscious of its sovereignty and self-respect, Pakistan should also apply the same standard to its assessment of the project.Clearly the advantages of the CPEC are many, significant, and undeniable. But are there any aspects that may be detrimental to our interests in the long term? The first issue that comes to mind is sovereignty.By leasing out vast tracts of land in the city of Gwadar and all along the route of the corridor, we in fact transfer sovereignty of some of our territory to a foreign power. And this is no ordinary foreign power. China is an emerging superpower with global ambitions. Have we built into the deal the necessary safeguards that will allow us to retain control of our territory if circumstances change?It is proposed that most of the construction work will be done by thousands of Chinese workers. Does this make sense for Pakistan given widespread and painful unemployment? Would it not be in our interest to have Pakistanis do the work? Should contracts not include provisions for contractors to train and employ Pakistani workers and engineers?As a global manufacturing powerhouse China plans to bring all or most of the equipment it needs for projects from its own suppliers. But would not our interest be better served if we insisted on having equipment made in Pakistan? Part of the proposed investment should be diverted to setting up factories inside Pakistan to supply the diverse range of equipment and machinery to the various CPEC projects.Have we asked the right questions in regard to the financing? Forty-six billion dollars is a lot of money. Is it a grant or gift to Pakistan? Is it a loan? If the latter, what is the payback period and the applicable rate? What happens if there is a default? Have the tariff rates payable to Pakistan for use of port facilities, road and rail links, and oil and gas pipelines been established and agreed?These and a whole range of other issues must be addressed when so much is at stake. But it seems that the euphoria of attracting this mega project has perhaps distracted us from the imperative of due diligence and the rigorous risk-based cost benefit analysis that this entails.Let there be no doubt: The CPEC is wonderful news for Pakistan. But it must move forward with its eyes wide open. And with a full understanding of not only the rewards that the project holds for Pakistan, but also the possible pitfalls that may lie in wait for us."Elation is the order of the day.Q. According to the passage, which of the following is TRUE?

Direction: Read the following passage carefully and answer the questions that follow.The China Pakistan Economic Corridor (CPEC) mega project has been widely welcomed in Pakistan as a game changer. The core of the project is a 2,500-km road and rail link, which will connect the port of Gwadar on the Arabian Sea to the Chinese city of Kashgar in Central Asia. The Chinese government, the principal sponsor, says it will invest $46 billion on the project.The money will be spent not just on the road and rail link but also on a host of other infrastructure projects. These include an expansion of Gwadar port and a new international airport in the city. Also included are several power projects based on coal and renewable energy that will add about 10.4GW to Pakistan's power grid. Oil and gas pipelines are in the offing as well.There can be no dispute that the CPEC is a game changer. Pakistan's faltering economy will get a huge boost. China will get access to a warm water port. Shipping time and cost for exports from Western China will be reduced. Oil and gas will be offloaded at Gwadar and piped along the corridor to China.The announcement of the project shone a bright light in the gloom that surrounds the Pakistani economy. Elation is the order of the day. There is broad consensus that CPEC is an unqualified “good.” But could it be that, dazzled by the light, we have neglected to conduct a rigorous analysis of this mega project and what it means to Pakistan?In a deal like this emotions have to be set aside. There is no doubt that China has been a strong and constant supporter of Pakistan throughout our history. But it should also be clear that when it makes investment decisions such as the proposed $46 billion CPEC it makes them in the cold light of its self-interest — as one would expect from any responsible nation. And as a responsible nation, conscious of its sovereignty and self-respect, Pakistan should also apply the same standard to its assessment of the project.Clearly the advantages of the CPEC are many, significant, and undeniable. But are there any aspects that may be detrimental to our interests in the long term? The first issue that comes to mind is sovereignty.By leasing out vast tracts of land in the city of Gwadar and all along the route of the corridor, we in fact transfer sovereignty of some of our territory to a foreign power. And this is no ordinary foreign power. China is an emerging superpower with global ambitions. Have we built into the deal the necessary safeguards that will allow us to retain control of our territory if circumstances change?It is proposed that most of the construction work will be done by thousands of Chinese workers. Does this make sense for Pakistan given widespread and painful unemployment? Would it not be in our interest to have Pakistanis do the work? Should contracts not include provisions for contractors to train and employ Pakistani workers and engineers?As a global manufacturing powerhouse China plans to bring all or most of the equipment it needs for projects from its own suppliers. But would not our interest be better served if we insisted on having equipment made in Pakistan? Part of the proposed investment should be diverted to setting up factories inside Pakistan to supply the diverse range of equipment and machinery to the various CPEC projects.Have we asked the right questions in regard to the financing? Forty-six billion dollars is a lot of money. Is it a grant or gift to Pakistan? Is it a loan? If the latter, what is the payback period and the applicable rate? What happens if there is a default? Have the tariff rates payable to Pakistan for use of port facilities, road and rail links, and oil and gas pipelines been established and agreed?These and a whole range of other issues must be addressed when so much is at stake. But it seems that the euphoria of attracting this mega project has perhaps distracted us from the imperative of due diligence and the rigorous risk-based cost benefit analysis that this entails.Let there be no doubt: The CPEC is wonderful news for Pakistan. But it must move forward with its eyes wide open. And with a full understanding of not only the rewards that the project holds for Pakistan, but also the possible pitfalls that may lie in wait for us."Elation is the order of the day.Q. According to the passage, which of the following is lacking on Pakistan's part with respect to the CPEC proposal?

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What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?a)India's largest wind energy projectb)India's largest solar power projectc)India's largest pumped storage projectd)India's largest hydroelectric projectCorrect answer is option 'C'. Can you explain this answer?
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What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?a)India's largest wind energy projectb)India's largest solar power projectc)India's largest pumped storage projectd)India's largest hydroelectric projectCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?a)India's largest wind energy projectb)India's largest solar power projectc)India's largest pumped storage projectd)India's largest hydroelectric projectCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?a)India's largest wind energy projectb)India's largest solar power projectc)India's largest pumped storage projectd)India's largest hydroelectric projectCorrect answer is option 'C'. Can you explain this answer?.
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