PYQ 2023 Q68 · RaahUPSC PYQ

2023 · EconomyPrevious Year Question

Q68.

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?

A. Both Statement-I and Statement-II are correct and Statement- II is the correct explanation for Statement-I

B. Both Statement-I and Statement-II are correct and Statement- II is not the correct explanation for Statement-I

C. Statement-I is correct but Statement- II is incorrect

D. Statement-I is incorrect but Statement-II is correct

Answer

D

Explanation

I is incorrect: India’s share in global trade is only 1.8% and 4% in global India plans to increase its export share in trade from 2.1% to 3% by 2027 and 10% by 2047. II is correct: The PLI scheme is open to both and international manufacturers. Samsung as as Indian firms such as Dixon Technologies, UTL, Lava International, Optiemus Electronics and are also expanding their factories to take of the PLI scheme.