With reference to Vehicle Scrapping Policy consider the following statements It is formulated by the...........

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With reference to Vehicle Scrapping Policy, consider the following statements

It is formulated by the Ministry of Road Transport and Highways.
It envisages reducing air pollution and ensuring road safety.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, the Union Road and Transport Minister announced the Vehicle Scrapping Policy in the Lok Sabha. It was first announced in the Union Budget for 2021-22.

The policy envisages reducing the population of old and defective vehicles, bringing down vehicular air pollutants, improving road and vehicular safety.
The policy is estimated to cover 51 lakh Light Motor Vehicles (LMVs) that are above 20 years of age and another 34 lakh LMVs above 15 years of age.

Hence both statements are correct.