With reference to Indian economy, consider the following statements:

  1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
  2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2015 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither1 nor 2


Answer: (b)        

Explanation:

  • The rate of growth of Real Gross Domestic Product experienced a decline from 8-9% to 5-6% over the following years after the recession in 2008, among other factors. Therefore, statement 1 is incorrect.
  • India faced significant challenges in the form of a surge in capital inflows, increased global commodity prices leading to inflation, the global financial meltdown, and a decline in international trade. These factors contributed to the decrease in the rate of growth of Real Gross Domestic Product.

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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