A
A commercial arrangement allowing airlines to operate aircraft without purchasing them outright.
B
A government grant scheme for manufacturing indigenous aircraft.
C
A tax exemption framework for aviation turbine fuel.
D
A mandatory insurance policy for international flight passengers.
Correct answer: (a) A commercial arrangement allowing airlines to operate aircraft without purchasing them outright.
Explanation
Option A is correct as it matches the text definition of aircraft leasing. Options B, C, and D are incorrect distractors.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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