Which of the following statements are true regarding the Memorandum of Understanding MoU signed betw...........

Indian Economic System(UPPCS) External Sector

Which of the following statements are true regarding the Memorandum of Understanding (MoU) signed between India and the European Union on semiconductors?

The MoU primarily focuses on financial incentives for semiconductor manufacturing.
Collaboration in research, development, and innovation is a key aspect of the agreement.
The MoU aims to reduce the strategic importance of semiconductors in the global market.

How many of the following statements is/are correct.

Only One

Only Two

All Three

None

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Explanation:

Only statements 2&3 are correct.

Statement 1st is incorrect: While financial incentives are a part of the agreement, the MoU's primary focus is on exchanging experiences and information, and collaboration in research, development, and innovation.
The MoU emphasizes knowledge exchange and collaboration to advance semiconductor technologies.
It recognizes the strategic significance of semiconductors in the global landscape.
The agreement aligns with efforts to diversify supply chains and reduce dependence on specific regions.

Hence option 2nd is correct.