Can a AC motor used as a exhaust fan generate electricity and how.?
Hook up a multimeter to the plug and spin the fan. If it shows a voltage, you are producing energy. The motor may have diodes or a reverse power device to prevent a surge from being created by the motor, but if you spin it and check the wiring at certain points, you will discover where to connect your wires to produce power. I have seen generators become motors when the reverse power relays failed. It should be able to work the other way around.
Yes it can be used. The blade angles for an exhaust are different from normal ceiling fans. In India all exhaust fans are A.C. only unless asked or designed for