Q. Consider the following statements with respect to Defense Acquisition Council (DAC):
1. It clears all acquisitions including imported equipment and those produced indigenously or under a foreign license.
2. The council was formed in 2001 and headed by Defense Minister.
Which of the statements given above is/are not correct?
Answer: D
Notes:
Defense Acquisition Council (DAC) is the highest decision-making body for military procurement. It functions under the Ministry of Defense. The council was formed in 2001. It is headed by the Defense minister. The objective of the DAC is to ensure expeditious procurement of the approved requirements of the Armed Forces in terms of capabilities sought and time frame prescribed by optimally utilizing the allocated budgetary resources. The council also gives policy guidelines to acquisitions based on long-term procurement plans. It also clears all acquisitions including imported equipment and those produced indigenously or under a foreign license.
Source: ForumIAS
