In the context of Indian economy, consider the following statements:

  1. The growth rate of GDP has steadily increased in the last five years.
  2. The growth rate in per capita income has steadily increased in the last five years.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2011 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


Answer: (d)        

Explanation:

  • Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period.
  • It is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
  • GDP per capita is the gross domestic product divided by the midyear population of the country.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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