New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The FAME-II scheme is designed to provide incentives to

    manufacturers for the production of electric vehicles (EVs) and to promote the development of necessary infrastructure to support EV adoption in the country. What is the allocated budget for the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme in India?
    A Rs. 41.02 billion Correct Answer Incorrect Answer
    B Rs. 45.32 billion Correct Answer Incorrect Answer
    C Rs. 51.72 billion Correct Answer Incorrect Answer
    D Rs. 58.27 billion Correct Answer Incorrect Answer
    E Rs. 61.78 billion Correct Answer Incorrect Answer

    Solution

    The budget has allocated Rs. 51.72 billion (about USD 631 million) for the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, which will provide incentives to manufacturers to produce EVs and also encourage infrastructure development.  

    Practice Next

    Relevant for Exams: