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With reference to the Innovations for Defence Excellence (iDEX), consider the following statements:
1. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 2013
2. It is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Innovations for Defence Excellence (iDEX), consi...
Defence Minister Rajnath Singh has approved the budgetary support of ₹498.8 crore to Innovations for Defence Excellence (iDEX) - Defence Innovation Organisation (DIO) for the next five years.
  • Innovations for Defence Excellence (iDEX) was launched by the Government of India in 2018.
  • iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 2013 by the two founder members i.e. Defence Public Sector Undertakings (DPSUs) - HAL & BEL alongwith the Department of Defence Production (DDP).
  • iDEX will function as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX.
  • The iDEX framework and establishment of the DIO is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level. The scheme is aimed at providing financial support to nearly 300 start-ups, MSME, individual innovators and 20 partner incubators.
  • Hence both statements are correct.
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With reference to the Innovations for Defence Excellence (iDEX), consider the following statements:1. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 20132. It is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Innovations for Defence Excellence (iDEX), consider the following statements:1. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 20132. It is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Innovations for Defence Excellence (iDEX), consider the following statements:1. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 20132. It is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Innovations for Defence Excellence (iDEX), consider the following statements:1. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 20132. It is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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