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GS Paper IUPSC Prelims 2023
Industry & Infrastructure
Question No. 70Interactive Test Mode
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Q70. 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?

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?

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2023 • Indian Economy

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

Concept & Option Breakdown

Standard Reference Verified
  • Statement-I is incorrect: India's share in world merchandise exports is around 1.8% (well below 2%, let alone 3.2%).
  • Statement-II is correct: The Production-Linked Incentive (PLI) scheme has seen participation from both prominent domestic manufacturers and global multinational giants (e.g., Foxconn, Dell, Samsung).
Elimination Heuristic & Exam Approach

India's share in global merchandise trade has persistently hovered between 1.6% and 1.8%; 3.2% is an exaggerated figure for goods alone.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2023 (Q70)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Industry & Infrastructure
Official Answer KeyOption (D) — Statement-I is incorrect but Statement-II is correct

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Frequently Asked Questions — UPSC Prelims 2023 Q70

What is the official answer for UPSC Prelims 2023 GS Paper I Question 70 (Indian Economy)?

The official UPSC answer key for this 2023 Indian Economy (Industry & Infrastructure) question is Option (D): "Statement-I is incorrect but Statement-II is correct". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2023 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Industry & Infrastructure". You can explore all repeated questions from Industry & Infrastructure in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Industry & Infrastructure UPSC Prelims question using option elimination?

India's share in global merchandise trade has persistently hovered between 1.6% and 1.8%; 3.2% is an exaggerated figure for goods alone.

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Previous QuestionConsider the investments in the following assets: 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients How many of the above are considered intangible investments?
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