Current Affairs · Government Schemes and Policies
Consider the following statements regarding Advanced Chemistry Cell (ACC) battery manufacturing in India: Statement I: The Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme aims to reduce India's dependence on imported batteries by creating large-scale domestic manufacturing capacity. Statement II: Mineral resources like lithium, cobalt, and nickel required for ACC batteries are abundantly available in India, which facilitates the rapid success of the scheme. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I
- 2Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I
- 3Statement I is correct, but Statement II is incorrect✓
- 4Statement I is incorrect, but Statement II is correct
Correct answer
Statement I is correct, but Statement II is incorrect
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