Current Affairs Exam > Current Affairs Questions > With reference to the Production Linked Incen...
Start Learning for Free
With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:
1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.
2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
With reference to the Production Linked Incentive (PLI) Scheme for Aut...
Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for Automobile Industry.
- The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. The incentive structure will encourage industry to make fresh investments for indigenous global supply chain of Advanced Automotive Technology products.
- It is estimated that over a period of five years, the PLI Scheme for Automobile and Auto Components Industry will lead to fresh investment of over ₹42,500 crore, incremental production of over ₹2.3 lakh crore and will create additional employment opportunities of over 7.5 lakh jobs.
- The PLI Scheme for auto sector is open to existing automotive companies as well as new investors who are currently not in automobile or auto component manufacturing business.
- The scheme has two components viz Champion OEM Incentive Scheme and Component Champion Incentive Scheme.
- The Champion OEM Incentive scheme is a ‘sales value linked’ scheme, applicable on Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles of all segments.
- The Component Champion Incentive scheme is a ‘sales value linked’ scheme, applicable on Advanced Automotive Technology components of vehicles, Completely Knocked Down (CKD)/ Semi Knocked Down (SKD) kits, Vehicle aggregates of 2-Wheelers, 3-Wheelers, passenger vehicles, commercial vehicles and tractors etc.
Hence only statement 1 is correct.
|
Explore Courses for Current Affairs exam
|
|
Top Courses for Current AffairsView all
With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Solutions for With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to the Production Linked Incentive (PLI) Scheme for Automobile Industry, consider the following statements:1. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products.2. Currently the PLI Scheme for auto sector is not open to existing automotive companies.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
|
|
Explore Courses for Current Affairs exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup