UPSC 2023 › Indian Economy › International Trade & WTO

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UPSC 2023 · Q88 · Indian Economy › International Trade & WTO · Save

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
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Answer: (d) Statement–I is incorrect but Statement–II is correct