Which one of the Following Statements is Incorrect?

(a) India is the third largest importer of the defence equipment
(b) India meets more than 50 per cent of its requirement of the defence equipment through imports.
(c) Defence budget for 2015-2016 accounts for less than 2 percent of the GDP
(d) Certain Financial powers are delegated to the Vice Chief Army Staff for Capital acquisitions.

Anurag Mishra Professor Asked on 4th November 2015 in Economics.
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    Answer: (a) India is the third largest importer of the defence equipment

    Anurag Mishra Professor Answered on 5th November 2015.
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