Q. With reference to Product Linked Incentive Scheme (PLI) consider the following statements::
1.The aim of the scheme is to end competition for the domestic industries by limiting the production from foreign companies.
2.It aims at providing employment opportunities in the manufacturing sector and reducing the imports.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Statement 1: The statement is incorrect. It is an initiative that provides incentives to domestic industries to boost local production. The scheme also invites foreign companies to set up units in India.

Statement 2: The scheme aims at providing employment opportunities in the manufacturing sector and reducing the imports.

Source: The Indian Express