Q. With reference to Technology Development Fund (TDF) scheme consider the following statements:
1.It encourages the industry to innovate and develop defence technologies in order to make India Atmanirbhar in defence.
2.The scheme is being executed by ISRO.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Statement 1: Technology Development Fund (TDF) scheme encourages the industry to innovate and develop defence technologies in order to make India Atmanirbhar in defence.

Statement 2: The statement is incorrect. The TDF scheme is being executed by Defence Research and Development Organisation (DRDO).

Source: The Hindu