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With reference to the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022, consider the following statements:
1. It lay down the procedure for establishment of Registered Vehicle Scrapping Facility (RVSF).
2. Introduction of Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction.
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 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Motor Vehicles (Registration and Functions of Ve...
Explanation:

1. Establishment of Registered Vehicle Scrapping Facility (RVSF):
The Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022 lay down the procedure for the establishment of Registered Vehicle Scrapping Facilities (RVSF). These facilities are authorized centers where old and polluting vehicles can be scrapped in an environmentally friendly manner.

2. Introduction of Transfer Certificate of Deposit:
The rules also introduce the Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction. This measure aims to prevent fraud and provide a secure digital record of the transaction.
Therefore, both statements are correct. The rules not only outline the procedure for setting up Registered Vehicle Scrapping Facilities but also introduce the Transfer Certificate of Deposit to enhance transparency and security in the scrapping process.
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With reference to the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022, consider the following statements:1. It lay down the procedure for establishment of Registered Vehicle Scrapping Facility (RVSF).2. Introduction of Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction.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 'C'. Can you explain this answer?
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With reference to the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022, consider the following statements:1. It lay down the procedure for establishment of Registered Vehicle Scrapping Facility (RVSF).2. Introduction of Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction.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 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022, consider the following statements:1. It lay down the procedure for establishment of Registered Vehicle Scrapping Facility (RVSF).2. Introduction of Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility Amendment) Rules, 2022, consider the following statements:1. It lay down the procedure for establishment of Registered Vehicle Scrapping Facility (RVSF).2. Introduction of Transfer Certificate of Deposit to ensure that consumers obtaining the certificate of deposit through electronic trading have a digital proof of the transaction.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 'C'. Can you explain this answer?.
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