[Solved] 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?

Q18. 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-1 is correct but Statement-II is incorrect
4. Statement-I is incorrect but Statement-II is correct

Answer: 4

18. 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-1 is correct but Statement-II is incorrect
4. Statement-I is incorrect but Statement-II is correct

Answer: D