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Economics › Trade

Economics › Trade

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Consider the following statements:
Statement-I:
India accounts for 3.2% of global exports 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?

Options

(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)