Q7 · UPSC current affairs · 19 September 2026 · PIB · India Semiconductor Mission 2.0

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Consider the following statements regarding the India Semiconductor Mission (ISM):1.ISM 2.0 was announced by the Union Ministry of Electronics and IT at SEMICON India.2.The mission is implemented directly by the Ministry of Finance through commercial banking consortia.Which of the statements given above is/are correct?

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as the Ministry of Electronics and IT announced the transition to ISM 2.0 at SEMICON India. Statement 2 is incorrect because ISM is implemented by the Digital India Corporation under MeitY, not the Ministry of Finance.

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