New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According  to  Union  Budget  2023-24,  consider 

    the  following  statements  regarding Electronics sectors:   1. Mobile phone production in India has increased from 5.8 crore units valued at about in 2014-15 to 31 crore units. 2. There is an increase in customs duty on import of certain parts and inputs like camera lens. 3. There is continuation of the concessional duty on lithium-ion cells for batteries.   Which of the above statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1 and 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

      As a result of various initiatives of the Government, including the Phased Manufacturing programme, mobile phone production in India has increased from 5.8 crore units valued at about 18,900 crore in 2014-15 to 31 crore units valued at over 2,75,000 crore in the last financial year. To further deepen domestic value addition in manufacture of mobile phones, I propose to provide relief in customs duty on import of certain parts and inputs like camera lens and continue the concessional duty on lithium-ion cells for batteries for another year.

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