Environment & Ecology · Environment
Consider the following statements regarding the Indian Carbon Market (ICM): Statement I: The Indian Carbon Market (ICM) is a framework that assigns a financial value to carbon emissions and issues Carbon Credit Certificates (CCCs). Statement II: Under the ICM, the Bureau of Energy Efficiency (BEE) acts as the market regulator responsible for overseeing trading and compliance. Statement III: The Indian Carbon Market operates through both mandatory compliance for farmers and MSMEs and voluntary offset mechanisms for individuals. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither Statement II nor Statement III is correct✓
- 2Only Statement II is correct and explains Statement I
- 3Statement III is correct and explains Statement I, but Statement II is incorrect
- 4Both Statement II and Statement III are correct, and both explain Statement I
Correct answer
Neither Statement II nor Statement III is correct
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Environment & Ecology?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Environment MCQs →Want more practice questions on Environment?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Environment & Ecology · Environment