With reference to the Production-Linked Incentive scheme for Large-Scale Electronics Manufacturing, consider the following statements:1. The total outlay of Rs 38,645 crores.2. It includes manufacturing of mobile phones and manufacturing of specified electronic components.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 Production-Linked Incentive scheme for Large-Scale Electronics Manufacturing, consider the following statements:

1. The total outlay of Rs 38,645 crores.

2. It includes manufacturing of mobile phones and manufacturing of specified electronic components.

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?

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Daily Current Affairs MCQ- October 19, 2022

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Most Upvoted Answer

With reference to the Production-Linked Incentive scheme for Large-Sca...

The Empowered Committee headed by CEO, NITI Aayog Parameswaran Iyer approved first ever disbursement of incentive for mobile manufacturing under the large-scale electronics manufacturing’ sector.

The Production-Linked Incentive scheme for Large-Scale Electronics Manufacturing is expected to make India a competitive destination for electronics manufacturing.
It will also give a boost to Aatmanirbhar Bharat while creating more global champions.
Padget Electronics Private Limited, a domestic company, is the first beneficiary approved by the Empowered Committee to receive incentive under mobile manufacturing based on its incremental investment and sales figures.
NITI Aayog said, thirty-two beneficiaries had been approved under the PLI scheme for Large-Scale Electronics Manufacturing. Of which five global and five domestic companies were approved for mobile manufacturing.
The PLI scheme on Large-Scale Electronic Manufacturing, which includes manufacturing of mobile phones and manufacturing of specified electronic components, was approved in March 2020, with a total outlay of Rs 38,645 crores.

Hence both statements are correct.

Answered by Notes Wala · View profile

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With reference to the Production-Linked Incentive scheme for Large-Scale Electronics Manufacturing, consider the following statements:1. The total outlay of Rs 38,645 crores.2. It includes manufacturing of mobile phones and manufacturing of specified electronic components.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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