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UPSC 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 given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (b) 2 only
India’s forex reserves crossed the US $125 billion level in November 2004, so statement 1 is wrong. The WPI series introduced from the week ending 1 April 2000 indeed has 1993-94 = 100 as its base year, making statement 2 correct; hence only statement 2 is true (option b). ([timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/forex-reserves-cross-usd-125-billion-mark/articleshow/938125.cms?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2005 Indian Economy question?▼
The correct answer is option (b): 2 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2005, GS Paper 1, as Question 15. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.