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Insurance policies for Electric Vehicles (EVs) include protection against battery degradation and damage, due to the high replacement cost of the batteries. Hence, EV insurance premiums are generally higher than those for petrol and diesel vehicles. Considering this, the Insurance Regulatory and Development Authority of India (IRDAI) has recently introduced which of the following measures to make EV insurance premiums more affordable for the owners?
Correct Answer: (b)
Official keyThis question appeared in the NPSC Prelims 2024 examination (GS). It is Question 24 out of 200 questions in this paper.
This question was part of the NPSC Prelims 2024 (GS). The NPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all NPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.