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UPSC 2023: 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
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Not attemptedCorrect Answer: (d) Statement-I is incorrect but
According to WTO trade data, India’s share in global merchandise exports has been about 1.8-2 percent in recent years, not 3.2 percent, so Statement I is incorrect. Numerous domestic firms (e.g., Dixon, Tata Electronics) and foreign manufacturers operating in India (e.g., Foxconn, Samsung) have indeed availed benefits under various Production-Linked Incentive (PLI) schemes, making Statement II correct. ([ttd.wto.org](https://ttd.wto.org/en/profiles/india?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2023 Indian Economy question?▼
The correct answer is option (d): Statement-I is incorrect but. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Trade & WTO question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2023, GS Paper 1, as Question 88. It falls under Indian Economy > International Trade & WTO.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from International Trade & WTO?▼
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.