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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS):
Cabinet Secretary is the Chairman of the group.
Its objective is to provide support and facilitation to global investors for investing in India.
It helps to create projects with all approvals and makes land available for allocation.
Which of the statements given above are correct?
- a)2 and 3 only
- b)1 and 3 only
- c)1 and 2 only
- d)1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the recently setup Empowe...
The correct answer is option 'C', i.e., statements 1 and 2 only are correct.
Explanation:
The Empowered Group of Secretaries (EGoS) is a recently set up group with the aim of promoting and facilitating investments in India. Let's analyze each statement to determine their correctness:
1. Cabinet Secretary is the Chairman:
The statement is correct. The Cabinet Secretary, who is the highest-ranking civil servant in the Government of India, is indeed the Chairman of the Empowered Group of Secretaries. This ensures that the group has high-level leadership and guidance.
2. Its objective is to provide support and facilitation to global investors for investing in India:
The statement is correct. The primary objective of the Empowered Group of Secretaries is to support and facilitate global investors who are interested in investing in India. The group aims to attract investments and provide a conducive environment for businesses to thrive.
3. It helps to create projects with all approvals and makes land available for allocation:
The statement is incorrect. The Empowered Group of Secretaries does not directly engage in creating projects or allocating land. Its main focus is on providing support and facilitation to investors. However, it may work in coordination with other government agencies and departments to ensure necessary approvals are obtained and land availability is addressed.
In conclusion, statement 1 and statement 2 are correct, while statement 3 is incorrect. Therefore, the correct answer is option 'C' - statements 1 and 2 only.
Explanation:
The Empowered Group of Secretaries (EGoS) is a recently set up group with the aim of promoting and facilitating investments in India. Let's analyze each statement to determine their correctness:
1. Cabinet Secretary is the Chairman:
The statement is correct. The Cabinet Secretary, who is the highest-ranking civil servant in the Government of India, is indeed the Chairman of the Empowered Group of Secretaries. This ensures that the group has high-level leadership and guidance.
2. Its objective is to provide support and facilitation to global investors for investing in India:
The statement is correct. The primary objective of the Empowered Group of Secretaries is to support and facilitate global investors who are interested in investing in India. The group aims to attract investments and provide a conducive environment for businesses to thrive.
3. It helps to create projects with all approvals and makes land available for allocation:
The statement is incorrect. The Empowered Group of Secretaries does not directly engage in creating projects or allocating land. Its main focus is on providing support and facilitation to investors. However, it may work in coordination with other government agencies and departments to ensure necessary approvals are obtained and land availability is addressed.
In conclusion, statement 1 and statement 2 are correct, while statement 3 is incorrect. Therefore, the correct answer is option 'C' - statements 1 and 2 only.
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Consider the following statements regarding the recently setup Empowe...
Empowered Group of Secretaries (EGoS):
- The objective of EGoS is to provide investment support to global investors by bringing synergies and ensure timely clearances from different departments and Ministries. So, statement (2) is correct.
- Its chairperson is the Cabinet Secretary with the CEO of NITI Aayog and secretaries of other departments as the members. So, Statement (1) is correct. A 'Project Development Cell' (PDC) was also set up to develop investible projects in coordination between the Central Government and State Governments and thereby grew the pipeline of investible projects in India and, in turn, increases FDI inflows.
Its objectives are:
- To create projects with all approvals, land available for allocation, and complete Detailed Project Reports for adoption/investment by investors. So statement (3) is not correct.
- To identify issues that need to be resolved to attract and finalize the investments and put forth these before the Empowered Group.
Therefore, the correct answer is c.
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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation. Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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