2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 Billion
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1.5 Billion
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2 Billion
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2.5 Billion
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Detailed explanation-1: -5.25 lakh crore (US$ 66 billion), accounting for 13.31% of the total budget and indicating an increase over the budget estimates of 2021-22 by Rs. 46, 970 crore (US$ 5.9 billion). India’s defence import value stood at US$ 463 million for FY20 and is expected to be at US$ 469.5 million in FY21.
Detailed explanation-2: -In 2021, the country accounted for 17.2 per cent of global arms imports - its second-highest share in 30 years. In 2013, one out of five arms imported was accounted for by India (chart 3).
Detailed explanation-3: -The Negative Lists The MoD and the Department of Military Affairs (DMA) notified the import ban on defence articles under the third Negative List which will be indigenously manufactured between December 2022 and December 2027.