Economics · Economy
Consider the following statements: Statement-I: India's fiscal and regulatory framework increasingly incorporates environmental considerations through instruments such as green bonds, targeted subsidies, and climate-responsive public expenditure. Statement-II: The constitutional and institutional mechanisms in India enable both the Union and the States to design policies that integrate economic development with environmental sustainability. Assertion (A): Market-based instruments and fiscal tools can influence production and consumption patterns in favour of environmentally sustainable outcomes. Which one of the following is correct in respect of the above?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is incorrect, Statement-II is correct, and Assertion (A) is incorrect.
- 2Statement-I is correct, Statement-II is incorrect, and Assertion (A) is correct.
- 3Both Statement-I and Statement-II are correct, but Assertion (A) explains only Statement-I.✓
- 4Both Statement-I and Statement-II are correct, and Assertion (A) is the correct explanation of both statements.
Correct answer
Both Statement-I and Statement-II are correct, but Assertion (A) explains only Statement-I.
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