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.
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.
Answer:
(d)
CA
Statement 1 is not correct: GDP growth rate has fluctuated and not steadily increased. Statement 2 is not correct: Per capita income growth rate has also fluctuated without a steady increase.