CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which country did India agree to simplify export clearances to take forward joint manufacturing in defence?
A
US
B
China
C
Russia
D
North Korea
Explanation: 

Detailed explanation-1: -India, South Korea agree to go for joint production, export of military hardware | India News - Times of India.

Detailed explanation-2: -India, South Korea agree on joint production, export of military hardware | Business Standard News.

Detailed explanation-3: -NEW DELHI: India’s defence exports stood at a record ₹14,000 crore in 2021-22, defence minister Rajnath Singh said on Friday, adding that the feat was an outcome of the government’s policies to boost the export of military hardware to friendly foreign countries.

Detailed explanation-4: -India has exported defence equipment and technology to Italy, Sri Lanka, Russia, Maldives, Mauritius, Nepal, France, Sri Lanka, Egypt, Israel, Bhutan, UAE, Saudi Arabia, Ethiopia, Philippines, Poland, Spain and Chile.

Detailed explanation-5: -India is ranked 4 of 145 out of the countries considered for the annual Global Firepower review. The nation holds a Power Index score of 0.1025 with a score of 0.0000 being considered exceptional in the GFP assessment. This country is a Top 5 world power according to the GFP index formula.

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