Q. With reference to Green Finance Working Committee (GFWC) consider the following statements:
1.It will be chaired by the Finance Minister of India.
2.The committee will meet at least twice a year to support the Ministry of Finance with selection and evaluation of green projects.
3.It will also provide with annual reports related to the allocation of green projects.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: B
Notes:

Statement 1: The statement is incorrect. The Green Finance Working Committee (GFWC) will be chaired by the Chief Economic Advisor.

Statement 2: The committee will meet at least twice a year to support the Ministry of Finance with selection and evaluation of green projects.

Statement 3: The committee will bring out an annual report on the allocation of proceeds to the eligible projects along with details of projects financed, status of implementation, and unallocated proceeds.

Source: The Indian Express