Vehicle Scrapping Policy Provisions
CMAT 2022 · General Knowledge · Medium · Current Affairs
Which of the following is true regarding Vehicle Scrapping Policy recently announced by the Centre?
- A.
State governments have been advised to offer road tax rebate up to 25% for personal vehicles and manufacturers to provide 5% discount on purchase of a new vehicle against the scrapping certificate.
- B.
State governments have been advised to offer road tax rebate up to 50% for personal vehicles and manufacturers to provide 10% discount on purchase of a new vehicle against the scrapping certificate.
- C.
State governments have been advised to offer road tax rebate up to 33% for personal vehicles and manufacturers to provide 7% discount on purchase of a new vehicle against the scrapping certificate.
- D.
State governments have been advised to offer road tax rebate up to 40% for personal vehicles and manufacturers to provide 3% discount on purchase of a new vehicle against the scrapping certificate.
A
Explanation
Under the Voluntary Vehicle-Fleet Modernization Program (Vehicle Scrapping Policy), state governments are advised to offer a road tax rebate of up to 25% for personal vehicles (and 15% for commercial vehicles), and vehicle manufacturers are advised to give a 5% discount on new vehicle purchases against scrapping certificates.
Related Current Affairs questions
- #3311First Yoga University Outside IndiaCMATGKMCQEasy
- #3312Renaming of Ross IslandCMATGKMCQEasy
- #3315Renaming Caste-Based SettlementsCMATGKMCQMedium
- #3319Re-introduction of Digital TaxCMATGKMCQMedium
- #3324Supply Chain Resilience Initiative PartnersCMATGKMCQMedium
- #3498Current Affairs - Paris Climate Change AccordCMATGKMCQEasy
- #3512Current Affairs - Dussehra Train Accident 2018CMATGKMCQEasy
- #3516International Relations - Indus Water Treaty ToursCMATGKMCQEasy
Practise this under exam conditions
Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.
Solve in the workspace