Which of the following statements about 'Green Credit Initiative' is/are <strong>correct</strong>?<br>1. It is a response to the challenge of climate change.<br>2. It promotes plantations on wasteland and river catchment areas.<br>3. It is a scheme of the Government of India to replace the kerosene oil with solar power used by the rural poor.<br>Select the correct answer using the code given below.

  1. A. 1, 2 and 3
  2. B. 1 and 2 only ✓
  3. C. 2 only
  4. D. 1 and 3 only

Correct Answer: B. 1 and 2 only

Explanation

The Green Credit Initiative promotes environmental activities like afforestation on wastelands to tackle climate change through a market-based mechanism. It is not specifically a kerosene-replacement scheme.

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