const ExemCategories = [
{ ExcategoryId: 1, vSubtypeCategory: 'Police Vehicle' },
{ ExcategoryId: 2, vSubtypeCategory: 'Army Vehicle' },
{ ExcategoryId: 3, vSubtypeCategory: 'Ambulance' },
{ ExcategoryId: 4, vSubtypeCategory: 'GOV Vehicle' },
{ ExcategoryId: 5, vSubtypeCategory: 'Fire Brigade' },
{ ExcategoryId: 6, vSubtypeCategory: 'Local' }
];

const ExemKey = {
f1: "1",
f2: "2",
f3: "3",
f4: "4",
};

ExemCategories.forEach((item, index) => {
const key = `f${item.ExcategoryId}`;
const value = item.vSubtypeCategory;
ExemKey[key] = value;
});

console.log("key hh", ExemKey);

output -

key hh {

  f1: 'Police Vehicle',

  f2: 'Army Vehicle',

  f3: 'Ambulance',

  f4: 'GOV Vehicle',

  f5: 'Fire Brigade',

  f6: 'Local'

}