Current Affairs · Government Health Initiatives
Consider the following statements regarding measures in the health sector and pharmaceutical regulation in India: Statement I: Exemption of basic customs duty on select cancer and rare-disease drugs can reduce out-of-pocket expenditure by lowering input costs for therapies that are not widely manufactured domestically. Statement II: In India, medicines constitute a major component of out-of-pocket health expenditure, which makes fiscal instruments such as customs duties relevant tools for improving affordability of healthcare. 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 does not explain Statement I
- 4Both Statement I and Statement II are correct, and Statement II provides the underlying rationale for Statement I✓
Correct answer
Both Statement I and Statement II are correct, and Statement II provides the underlying rationale for Statement I
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