Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Consider the following statements regarding the new Defence Acquisition procedure draft:

1. Allows more than 50% of ownership to foreign companies under Strategic partnership.
2. Mission Raksha Gyan Shakti was launched to promote the innovation.

Which of the above statements is/are correct?

• A. I only
• B. Neither I nor II
• C. Both I and II
• D. II only

Answer 1

The correct option is A I only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Some categories like Buy (Indian Indigenously Designed Developed and Manufactured -IDDM), Production Agency in Design & Development etc. will be exclusively reserved for Indian Vendors and FDI of more than 49% is not allowed.