The largest installed renewable energy source in India by capacity in recent years is: MCQ with Answer and Explanation

The largest installed renewable energy source in India by capacity in recent years is:
A. solar
B. small hydro
C. biomass
D. wind
Answer: Option A
Solution (By JKSSB Mock Tests)
Solar power has become the largest renewable energy source by installed capacity in India.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is an assumption of the perfect competition model?
A. Selling costs are significant
B. Firms face a downward-sloping demand curve
C. Product differentiation
D. Free entry and exit of firms

Correct Answer: Option D


Explanation:
Perfect competition assumes free entry and exit, homogeneous product, large number of buyers and sellers, and perfect information, resulting in firms being price takers.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Special Drawing Rights' (SDRs) is associated with:
A. World Trade Organisation
B. Asian Development Bank
C. World Bank
D. International Monetary Fund

Correct Answer: Option D


Explanation:
Special Drawing Rights are an international reserve asset created by the International Monetary Fund to supplement member countries' official reserves.

This question belongs to: Economy GK Economy Set 1
Question #3
Revenue deficit is calculated as:
A. fiscal deficit minus primary deficit
B. revenue receipts minus revenue expenditure
C. total expenditure minus total receipts
D. revenue expenditure minus revenue receipts

Correct Answer: Option D


Explanation:
Revenue deficit is revenue expenditure minus revenue receipts.

This question belongs to: Economy GK Economy Set 1