Topic Details (Notes format)

Electric Mobility and Vehicle Manufacturing

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

India promotes electric vehicles (EVs) to cut oil imports and reduce carbon emissions. Schemes like FAME offer subsidies for EV adoption, alongside incentives for battery manufacturing (PLI). Yet obstacles include charging infrastructure, battery costs, and consumer perceptions. For exam context, highlight how domestic manufacturers (two-wheelers, buses) are shifting to EV lines, the interplay with power generation mix, and how battery recycling ties into sustainability goals. Government strategies for building a robust EV supply chain are also significant.

Practice Questions

What is “fiscal stimulus”?

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What is meant by the term “current account deficit”?

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What is the Phillips Curve?

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What is meant by “crowding out” in economics?

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What is “open market operations” (OMO)?

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Which of the following causes demand-pull inflation?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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Which of the following is an example of fiscal policy?

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What is “currency devaluation”?

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What does the “Phillips Curve” show?

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