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Multipurpose Projects Video Lecture | IBPS PO Prelims & Mains Preparation - Bank Exams
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FAQs on Multipurpose Projects Video Lecture - IBPS PO Prelims & Mains Preparation - Bank Exams
| 1. What are multipurpose projects? |  |
Ans. Multipurpose projects are large-scale infrastructure projects that are designed to serve multiple purposes such as irrigation, power generation, flood control, and water supply. These projects aim to maximize the utilization of natural resources and provide multiple benefits to society.
| 2. How do multipurpose projects contribute to economic development? | |
Ans. Multipurpose projects play a significant role in economic development by providing a range of benefits. They generate hydroelectric power, which can be used for industrial and domestic purposes. These projects also facilitate irrigation, allowing agricultural activities to flourish and increase productivity. Additionally, by controlling floods and managing water resources, they contribute to the overall stability and development of the region.
| 3. What are the environmental impacts of multipurpose projects? | |
Ans. Multipurpose projects can have both positive and negative environmental impacts. While they contribute to the generation of clean and renewable energy, they often involve the construction of large dams, which can lead to the displacement of local communities and loss of natural habitats. The alteration of river flows and water diversion can also affect the ecology of the region. Therefore, it is crucial to carefully assess and mitigate these impacts during the planning and implementation of multipurpose projects.
| 4. How are multipurpose projects financed? | |
Ans. Multipurpose projects are typically financed through a combination of public and private investments. Governments often provide funding through their budgets or by securing loans from international financial institutions. Private entities may also invest in these projects, particularly in the power generation sector, where they can earn revenue through the sale of electricity. Additionally, some projects may receive financial assistance from bilateral or multilateral development agencies.
| 5. Can you provide examples of successful multipurpose projects? | |
Ans. Yes, there are several examples of successful multipurpose projects around the world. The Three Gorges Dam in China is one such project, which serves the purposes of flood control, navigation improvement, and hydroelectric power generation. The Bhakra-Nangal Dam in India is another notable example, providing irrigation water, hydroelectricity, and flood control. These projects have significantly contributed to the socio-economic development of their respective regions.
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