The Ministry of Defence on December 1 cleared the proposal for procurement of military equipment worth Rupee. uline{1cm} crore.

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Ministry of Defence on December 1 cleared the proposal for procurement of military equipment worth Rupee. _________ crore.

A	1, 000
B	2, 000
C	3, 000
D	4, 000

Explanation:

Detailed explanation-1: -The defence ministry on Thursday approved the procurement of military equipment and weapons worth ₹84, 328 crore for the Armed Forces & Indian Coast Guard.

Detailed explanation-2: -The procurement proposals were cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh.

Detailed explanation-3: -The Union Budget for Financial Year 2023-24 envisages a total outlay of Rs 45, 03, 097 crore. Of this, Ministry of Defence has been allocated a total Budget of Rs 5, 93, 537.64 crore, which is 13.18 % of the total budget.

Detailed explanation-4: -The defence ministry said the DAC accorded approval for 24 capital acquisition proposals which include six for Indian Army, six for Indian Air Force, 10 for the Indian Navy and two for Indian Coast Guard, adding the total value of the procurement would be Rs 84, 328 crore.

Detailed explanation-5: -The Defence Procurement Procedure (DPP) was first initiated in 2002 to streamline the procurement of military hardware for the Armed Forces in a systematic and time-bound manner.

There is 1 question to complete.