pyq/2023/prelims/88

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?

(A) Both Statement-I and Statement-II are correct and StatementII is the correct explanation for Statement-I

(B) Both Statement-I and Statement-II are correct and StatementII is not the correct explanation for Statement-I

(C) Statement-I is correct but StatementII is incorrect

(D) Statement-I is incorrect but Statement-II is correct