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Question

Which one of the following statements is incorrect?

A
India is the third largest importer of the defence equipments.
B
India meets more than 50% of its requirement of the defence equipments through imports.
C
Defence budget for 2015-16 accounts for less than 2% of the GDP.
D
Certain financial powers are delegated to the Vice-Chief of Army Staff for capital acquisitions.
Solution
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Correct option is A. India is the third largest importer of the defence equipments.

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