Current Affairs · Government Schemes
Consider the following statements regarding India's scheme for Rare Earth Permanent Magnets (REPM): Statement I: India has launched a scheme to support integrated Rare Earth Permanent Magnet (REPM) manufacturing to reduce dependence on imports. Statement II: The scheme provides only capital subsidies to set up magnet plants, without offering any sales-linked incentives. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.✓
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is correct, but Statement II is incorrect.
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