Question
What is the primary focus of FAME-II, and how has the
recent additional allocation of Rs 1,500 crore contributed to its objectives?Solution
FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India) is a scheme implemented by the Ministry of Heavy Industries, focusing on the electrification of public and shared transportation. The recent additional allocation of Rs 1,500 crore is aimed at sustaining the scheme and achieving its objectives. The scheme's primary goals include supporting the adoption of electric buses, three-wheelers, four-wheeler passenger cars, and two-wheelers through demand incentives. The government's emphasis on public and shared transportation is evident in the increased targets for electric two-wheelers (e2Ws), three-wheelers (e3Ws), and four-wheelers (e4Ws), indicating a commitment to encouraging the use of electric vehicles in these segments.
The simple interest on Rs. βpβ at 15% p.a. for 2 years is 450 more than the simple interest on Rs. (p + 1000) at 10% p.a. for 2.5 years. Find the co...
Sneha deposited Rs. βRβ in a bank offering compound interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from t...
A and B invested Rs.2x and Rs.2400 in a scheme at simple interest at 8% p.a. The investment time of B is 1 year more than that of A.The ratio of interes...
A certain sum amounts to βΉ13200 after 4 years and to βΉ16400 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ...
A certain amount, when invested at a simple interest rate of 18.2% per annum, grows to Rs. 14,552 in 4.5 years. What is the initi...
Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to βΉ8,000 and βΉ11,520 in 2 years and 4 years respec...
- A man took a loan at a rate of 18% per annum simple interest. After 42 months, he paid Rs. 9,240 to clear his dues. Find the initial loan amount.
The difference between the compound interest, compounded annually and simple interest on Rs. βPβ at the rate of 25% p.a. for 2 years, is Rs. 100. If...
What will be the differnce between SI & CI on Rs. 70000 for 3 years at rate of 40% per annum ?
A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.