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What do the National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to achieve?
  • a)
    They aim to promote the use of traditional cooking methods in rural areas.
  • b)
    They aim to provide free induction cookstoves to households.
  • c)
    They aim to enhance energy efficiency in cooking and cooling appliances.
  • d)
    They aim to increase the use of solar-powered fans in urban areas.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What do the National Efficient Cooking Programme (NECP) and Energy Eff...
The National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to enhance energy efficiency in cooking and cooling appliances. NECP focuses on induction cookstoves, while EEFP promotes energy-efficient ceiling fans, contributing to energy conservation.
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Directions (Q.71-80) Read the following passage carefully and answer the questions given below it. Certain words have been printed in italic and Underline to help you to locate them while answering some of the questions.Banking sector reforms in India were introduced in order to "improve" efficiency in the process of financial intermediation. It was expected that banks would take advantage of the changing operational environment and improve their performance. Towards this end, the Reserve Bank of India initiated a host of measures for the creation of a competitive environment. Deregulation of interest rates on both deposit and lending sides imparted freedom to banks to appropriate price their products and services. To compete effectively with non-banking entities, banks were permitted to undertake newer activities like investment banking, securities trading and insurance business.This was facilitated through amendments in the "relevant"acts which permitted PSBs to raise equity from the market up to threshold limit and also enabling the entry of new private and foreign banks. This changing face of banking led to an erosion of margins on traditional banking business, promoting banks to search for newer activities to"augment" their free incomes.At the same time, banks also needed to devote focused attention to operational efficiency in order to contain their transaction costs. Simultaneously with the deregulation measures prudential norms were instituted to strengthen the safety and soundness of the banking system. Recent internal empirical research found that over the period 1992-2003, there has been a discernible improvement in the efficiency of Indian banks. The increasing trend in efficiency has been fairly uniform, irrespective of the ownership pattern. The rate of such improvement has, however, not been sufficiently high. The analysis also"reveals" that PSBs and private sector banks in India did not differe significantly in terms of their efficiency measures. Foreign banks, on the other hand, recorded higher efficiency as compared with their Indian counterparts.Q.Prudential norms were initiated in the banking sector with a view to

Banking sector reforms in India were introduced in order to "improve" efficiency in the process of financial intermediation. It was expected that banks would take advantage of the changing operational environment and improve their performance. Towards this end, the Reserve Bank of India initiated a host of measures for the creation of a competitive environment. Deregulation of interest rates on both deposit and lending sides imparted freedom to banks to appropriate price their products and services. To compete effectively with non-banking entities, banks were permitted to undertake newer activities like investment banking, securities trading and insurance business.This was facilitated through amendments in the "relevant"acts which permitted PSBs to raise equity from the market up to threshold limit and also enabling the entry of new private and foreign banks. This changing face of banking led to an erosion of margins on traditional banking business, promoting banks to search for newer activities to"augment" their free incomes.At the same time, banks also needed to devote focused attention to operational efficiency in order to contain their transaction costs. Simultaneously with the deregulation measures prudential norms were instituted to strengthen the safety and soundness of the banking system. Recent internal empirical research found that over the period 1992-2003, there has been a discernible improvement in the efficiency of Indian banks. The increasing trend in efficiency has been fairly uniform, irrespective of the ownership pattern. The rate of such improvement has, however, not been sufficiently high. The analysis also"reveals" that PSBs and private sector banks in India did not differe significantly in terms of their efficiency measures. Foreign banks, on the other hand, recorded higher efficiency as compared with their Indian counterparts.Q.Banks can control their transaction costs by

What do the National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to achieve?a)They aim to promote the use of traditional cooking methods in rural areas.b)They aim to provide free induction cookstoves to households.c)They aim to enhance energy efficiency in cooking and cooling appliances.d)They aim to increase the use of solar-powered fans in urban areas.Correct answer is option 'C'. Can you explain this answer?
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What do the National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to achieve?a)They aim to promote the use of traditional cooking methods in rural areas.b)They aim to provide free induction cookstoves to households.c)They aim to enhance energy efficiency in cooking and cooling appliances.d)They aim to increase the use of solar-powered fans in urban areas.Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What do the National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to achieve?a)They aim to promote the use of traditional cooking methods in rural areas.b)They aim to provide free induction cookstoves to households.c)They aim to enhance energy efficiency in cooking and cooling appliances.d)They aim to increase the use of solar-powered fans in urban areas.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What do the National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) aim to achieve?a)They aim to promote the use of traditional cooking methods in rural areas.b)They aim to provide free induction cookstoves to households.c)They aim to enhance energy efficiency in cooking and cooling appliances.d)They aim to increase the use of solar-powered fans in urban areas.Correct answer is option 'C'. Can you explain this answer?.
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