Question
The term ‘Domestic Content Requirement' is sometimes seen in the news with reference to
(a) Developing solar power production in our country
(b) Granting licenses to foreign T.V. channels in our country
(c) Exporting our food products to other countries
(d) Permitting foreign educational institutions to set up their campuses in our country
Answer:
A
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Explanation:
The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:
(a) Developing solar power production in our country.
Domestic Content Requirement (DCR) refers to a policy that mandates a certain percentage of locally produced components or goods to be used in a particular industry or sector. In the context of solar power production, DCR policies require a certain portion of the solar power equipment, such as solar panels, to be manufactured domestically or contain a specified amount of locally sourced components. The objective of DCR in this context is to promote the domestic solar manufacturing industry, create local jobs, and reduce dependence on imported solar equipment.