Question : Market-Based Economic Dispatch (MBED) mechanism is related to which of the following ministries?
Option 1: Ministry of Power
Option 2: Ministry of Corporate Affairs
Option 3: Ministry of Finance
Option 4: Ministry of Micro, Small and Medium Enterprises
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Correct Answer: Ministry of Power
Solution : The correct answer is the Ministry of Power .
The market-based economic dispatch (MBED) mechanism, which is handled by the Union Ministry of Power, represents a significant departure from the current voluntary, decentralised pool-based electricity market.
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