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Consider the following statements
1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.
The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements1. A Production-Linked Incentive (PLI...
What is a production linked-incentive?
A Production-Linked Incentive, or PLI scheme, provides incentives to companies in order to boost domestic manufacturing.
This is done by the government in an effort to make products more competitively priced, reduce a country’s dependence on imports and generate employment.
The incentives in EV PLI, like most, are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company. The idea is to promote the development of technologies that are currently lacking in India and can be availed simultaneously along with the Faster Adoption of Manufacturing of Electric Vehicles (FAME) scheme, PLI scheme for advanced chemistry cell (ACC) among others. With the EV supply and value chain apparatus yet to be fully built, a PLI of this scale can help with its rapid development.
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Consider the following statements1. A Production-Linked Incentive (PLI...
Statement 1: A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.
Statement 2: The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.
Explanation:
The Production-Linked Incentive (PLI) scheme is a government initiative that aims to boost domestic manufacturing in various sectors. Under this scheme, incentives are provided to companies based on their incremental turnover or production. The objective is to encourage companies to increase their production and contribute to the growth of the domestic manufacturing sector.
Statement 1 is correct as the PLI scheme does provide incentives to companies in order to boost domestic manufacturing.
Now let's move on to Statement 2. The incentives in the Electric Vehicle (EV) PLI scheme are purely percentage based. This means that companies are offered incentives based on a certain percentage of their incremental turnover. The maximum incentive that can be offered by the government under the EV PLI scheme is 18% of the incremental turnover of a company.
Therefore, Statement 2 is also correct as the incentives in the EV PLI scheme are indeed purely percentage based, with a maximum of 18% incentives to be offered by the government based on the incremental turnover of a company.
In conclusion, both Statement 1 and Statement 2 are correct. The PLI scheme provides incentives to companies to boost domestic manufacturing, and the incentives in the EV PLI scheme are purely percentage based, with a maximum of 18% incentives based on the incremental turnover of a company.
Statement 2: The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.
Explanation:
The Production-Linked Incentive (PLI) scheme is a government initiative that aims to boost domestic manufacturing in various sectors. Under this scheme, incentives are provided to companies based on their incremental turnover or production. The objective is to encourage companies to increase their production and contribute to the growth of the domestic manufacturing sector.
Statement 1 is correct as the PLI scheme does provide incentives to companies in order to boost domestic manufacturing.
Now let's move on to Statement 2. The incentives in the Electric Vehicle (EV) PLI scheme are purely percentage based. This means that companies are offered incentives based on a certain percentage of their incremental turnover. The maximum incentive that can be offered by the government under the EV PLI scheme is 18% of the incremental turnover of a company.
Therefore, Statement 2 is also correct as the incentives in the EV PLI scheme are indeed purely percentage based, with a maximum of 18% incentives to be offered by the government based on the incremental turnover of a company.
In conclusion, both Statement 1 and Statement 2 are correct. The PLI scheme provides incentives to companies to boost domestic manufacturing, and the incentives in the EV PLI scheme are purely percentage based, with a maximum of 18% incentives based on the incremental turnover of a company.
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Consider the following statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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 statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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 statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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 statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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 statements1. A Production-Linked Incentive (PLI) scheme provides incentives to companies in order to boost domestic manufacturing.The incentives in EV PLI are purely percentage based, with a maximum of 18% incentives to be offered by the government, based on the incremental turnover of a company.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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