2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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70,680 crores
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72,440 crores
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70,500 crores
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75,420 crores
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Detailed explanation-1: -A meeting of Defence Acquisition Council (DAC), held on March 16, 2023 under the chairmanship of Raksha Mantri Shri Rajnath Singh, has accorded Acceptance of Necessity (AoN) for capital acquisition amounting to over Rs 70, 500 crore under Buy Indian-IDDM (Indigenously Designed, Developed and Manufactured).
Detailed explanation-2: -The Defence Acquisition Council (DAC), the top government body for capital acquisition approvals for the Indian military, approved the orders worth 705 billion rupees ($8.52 billion) for all its services, the Defence Ministry said in a statement.
Detailed explanation-3: -What is the Defense Acquisition Council? The DAC is the highest decision-making body in the Defence Ministry for deciding on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard. The Minister of Defence is the Chairman of the Council.