2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Five
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Three
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Four
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Seven
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Detailed explanation-1: -India is the largest arms producer in this category, with four companies ranked in the Top 100. Their combined arms sales of $7.5 billion in 2017 were 6.1 per cent higher than in 2016.
Detailed explanation-2: -The public sector includes DRDO and its 50 labs, 4 defence shipyards, 12 defence PSUs. India has a new defence procurement, acquisition and manufacturing policy to reduce imports and enhance domestic manufacturing.
Detailed explanation-3: -India ranks fourth among 12 Indo-Pacific nations in self-reliant arms production capabilities, according to a study released this month by the Stockholm International Peace Research Institute (SIPRI), a widely respected independent resource on global security.
Detailed explanation-4: -In 2021, Lockheed Martin was the world’s largest arms-producing and military services company, with arms sales amounting to over 60 billion U.S. dollars. Arms sales constituted almost 90 percent of total company sales in that year. Raytheon and Boeing followed on the places behind.