Q: 99 (IAS/2005)

Consider the following statements:
1. During the year 2004, India’s foreign exchange reserves did not exceed the 125 billion U.S. dollar mark.
2. The Series of index numbers of wholesale prices introduced from April, 2000 has the year 1993-94 as base year.
Which of the statements is/are correct?
question_subject: 
Economics
question_year: 
2005
question_exam: 
IAS
question_sub_subject: 
Indian Economics
question_topic: 
Foreign Investment/ Foreign Trade
stats: 
0,720,1208,232,720,816,160