With reference to India 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 la

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Q: 31 (IAS/2015)
With reference to India 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 statement given above is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,142,420,44,142,137,239

keywords: 

{'india economy': [0, 0, 1, 1], 'gross domestic product': [0, 0, 1, 3], 'real gross domestic product': [0, 0, 0, 1], 'growth': [1, 1, 1, 0], 'rupees': [0, 1, 0, 0], 'market prices': [0, 1, 1, 3], 'last decade': [0, 0, 2, 3], 'rate': [2, 3, 13, 20]}

The statement "2 only" is correct. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade, but the rate of growth of real Gross Domestic Product has been fluctuating.