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UPSC PYQPrelims 2023

Civil Services Examination · Question 88

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?

  1. Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  2. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  3. Statement-I is correct but Statement-II is incorrect
  4. Statement-I is incorrect but Statement-II is correct
Show answer & explanation

Answer: (D) Statement-I is incorrect but Statement-II is correct

Explanation

India's share of global merchandise exports is about 1.8%. Many firms have used the PLI scheme.