UPSC CSE Prelims 2005 Q15 — Indian Economy PYQ with Answer

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 given above is/are correct?