MCQ
Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) MCQ - Practice Questions with Answers
Solve 5 Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about domestic investment under the Scheme to Promote Manufacturing of Electric Passenger Cars in India: 1. The approved applicant must make a minimum domestic investment of ₹4,150 crore within 3 years of approval. 2. Land cost is excluded, while expenditure on charging infrastructure may count only up to 5% of the committed investment. Which of the statements given above is/are correct?
Both statements are correct. The minimum domestic investment is ₹4,150 crore within 3 years of approval, with no maximum ceiling. Land cost cannot be counted, and charging-infrastructure expenditure can contribute only up to 5% of the committed investment.
Q2What is the maximum number of electric four-wheelers that an approved applicant may import at the concessional duty rate in one year?
The concessional import quota is capped at 8,000 electric four-wheelers per approved applicant per year. An unused portion of a year's quota may be carried forward, but that carry-forward provision does not change the stated annual cap.
Q3Consider the following statements about the conditions attached to the Scheme to Promote Manufacturing of Electric Passenger Cars in India: 1. Domestic value addition must reach at least 25% within 3 years and 50% within 5 years of the approval letter. 2. Total duty foregone is capped at the higher of the applicant's committed investment or ₹6,484 crore. 3. The required bank guarantee equals the higher of duty foregone or ₹4,150 crore. Which of the statements given above are correct?
Statements 1 and 3 are correct. Domestic value addition must be at least 25% in 3 years and 50% in 5 years. The bank guarantee uses the higher of duty foregone or ₹4,150 crore, whereas the duty-foregone cap uses the lower of committed investment or ₹6,484 crore; hence statement 2 is false.
Q4Which Union ministry implements the Scheme to Promote Manufacturing of Electric Passenger Cars in India?
The Ministry of Heavy Industries implements this central industrial-policy scheme. The scheme promotes domestic manufacture of electric passenger cars through conditional customs-duty relief; it is not administered by the road transport, commerce, or power ministry.
Q5Which one of the following correctly describes the principal benefit and the vehicle condition under the scheme?
Approved applicants may import eligible completely built-up electric passenger cars with a minimum CIF value of USD 35,000 at 15% customs duty for 5 years from approval. The benefit is customs-duty relief linked to domestic manufacturing commitments, not a direct cash subsidy.
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