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PARIVARTAN Scheme Delhi-NCR Vehicle Fle…
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Quiz · PARIVARTAN Scheme Delhi-NCR Vehicle Fleet Modernisation
Two Prelims-style questions on this topic from 29 August 2026. Choose an option to check yourself, then open the full note or today’s full quiz.
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Consider the following statements regarding the PARIVARTAN Scheme: 1. The scheme is implemented by the Ministry of Road Transport and Highways to modernise commercial vehicle fleets in the National Capital Region. 2. It primarily targets the replacement of BS-VI electric commercial trucks and buses with older BS-IV vehicles. 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
Solution
The term 'Interest Subvention', often seen in financial and economic contexts related to modernization schemes, refers to:
A
A penalty levied on delayed tax payments by commercial enterprises.
B
A financial subsidy provided by the government to reduce the interest burden on loans taken by targeted beneficiaries.
C
The maximum interest rate charged by commercial banks on vehicle loans.
D
A tax rebate given on the purchase of hybrid vehicles.
Solution