UPSC Civil Services Prelims 2023
Question 10 of 75Indian Economy
Consider the following statements: Statement-I: India accounts for 3.2% of global export of goods. Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-linked Incentive’ scheme. Which one of the following is correct in respect of the above statements?
ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
Correct Answer
The correct answer is hidden
Explanation
30 words hidden ... Production-Linked Incentive scheme has indeed been used by domestic and foreign firms and may support manufacturing ... 31 words hidden