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Consider the following statements:
1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.
2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.
3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).
Which of the statements given above is/are not correct?
- a)1 and 2 only
- b)2 and 3 only
- c)1 only
- d)1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Consider the following statements:1. Advanced Chemistry Cell (ACC) sto...
- Advanced Chemistry Cells (ACCs) are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. Hence, statement 1 is correct.
- Such battery storages will cater not only to electric vehicles but also to the consumer electronics industry and electricity grids.
- The Union Cabinet has approved a Rs. 18,100-crore Production Linked Incentive (PLI) scheme for manufacturers of Advanced Chemistry Cell (ACC) battery storage, to reduce imports (PLI scheme is applicable to ACCs). Hence, statement 2 is not correct.
- The PLI Scheme has also been approved for sectors such as automobiles, pharmaceuticals, IT hardware including laptops, mobile phones & telecom equipment, white goods, chemical cells and textiles, etc.
- The scheme called the National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Heavy Industries & Public Enterprises (and not under Meity). Hence, statement 3 is not correct.
- The plan is to set up 50 gigawatt hour (GWh) manufacturing capacity for ACC batteries by attracting investments totaling Rs. 45,000 crore.
- Requires each selected ACC battery Storage manufacturer to set-up an ACC manufacturing facility of minimum 5 GWh capacity, achieve a domestic value addition of at least 25% and incur the mandatory investment Rs.225 crore /GWh within 2 Years.
Most Upvoted Answer
Consider the following statements:1. Advanced Chemistry Cell (ACC) sto...
Statement 1: Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.
This statement is correct. Advanced Chemistry Cells (ACC) are rechargeable batteries used for energy storage. They store electrical energy as chemical energy through various chemical reactions and convert it back to electrical energy when required. ACCs are commonly used in electric vehicles, renewable energy systems, and grid storage applications.
Statement 2: The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.
This statement is incorrect. The Production Linked Incentive (PLI) scheme is applicable to the manufacturing of Advanced Chemistry Cells (ACC). The PLI scheme is a government initiative aimed at promoting domestic manufacturing and boosting the production of certain products. The PLI scheme for ACC manufacturing was introduced by the Indian government to encourage the domestic production of ACCs and reduce dependence on imports.
Statement 3: The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).
This statement is correct. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is indeed launched under the Ministry of Electronics and Information Technology (MeitY). The NPACC is a government initiative aimed at promoting the domestic manufacturing of ACCs and their use in various sectors. The program focuses on research and development, setting up of ACC manufacturing facilities, and supporting the growth of the ACC ecosystem in India.
Conclusion:
Based on the analysis of the statements:
- Statement 1 is correct.
- Statement 2 is incorrect.
- Statement 3 is correct.
Therefore, the correct answer is option B. 2 and 3 only.
This statement is correct. Advanced Chemistry Cells (ACC) are rechargeable batteries used for energy storage. They store electrical energy as chemical energy through various chemical reactions and convert it back to electrical energy when required. ACCs are commonly used in electric vehicles, renewable energy systems, and grid storage applications.
Statement 2: The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.
This statement is incorrect. The Production Linked Incentive (PLI) scheme is applicable to the manufacturing of Advanced Chemistry Cells (ACC). The PLI scheme is a government initiative aimed at promoting domestic manufacturing and boosting the production of certain products. The PLI scheme for ACC manufacturing was introduced by the Indian government to encourage the domestic production of ACCs and reduce dependence on imports.
Statement 3: The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).
This statement is correct. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is indeed launched under the Ministry of Electronics and Information Technology (MeitY). The NPACC is a government initiative aimed at promoting the domestic manufacturing of ACCs and their use in various sectors. The program focuses on research and development, setting up of ACC manufacturing facilities, and supporting the growth of the ACC ecosystem in India.
Conclusion:
Based on the analysis of the statements:
- Statement 1 is correct.
- Statement 2 is incorrect.
- Statement 3 is correct.
Therefore, the correct answer is option B. 2 and 3 only.
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Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice Consider the following statements:1. Advanced Chemistry Cell (ACC) stores electrical energy as chemical energy and converts it back to electrical energy upon requirement.2. The Production Linked Incentive (PLI) scheme is not applicable to the manufacturing of Advanced Chemistry Cells.3. The National Programme on Advanced Chemistry Cell Battery Storage (NPACC) is launched under the Ministry of Electronics and Information Technology (MeitY).Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
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