Loading...
UPSC 2010: With reference to Indian economy, consider the following statements : 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. 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
Attempt This Question
Not attemptedCorrect Answer: (b) 2 only
Between 1999-00 and 2009-10 India’s GDP at current prices rose roughly 2.5-3 times (from about ₹23 trillion to ₹63 trillion) – nowhere near a four-fold increase – so statement 1 is incorrect. During the same decade liberalisation and PSU disinvestment reduced the public sector’s share of GDP (from ≈34 % to ≈26 %), making statement 2 correct. Hence only statement 2 is right. ([iasexamportal.com](https://iasexamportal.com/Answer-Key/General-Studies-Solution-CSP-2010))
Related Current Affairs
Related UPSC Questions
More from National Income & Economic Growth
2010moderate
In the context of Indian economy, consider the following pairs: Term – Most appropriate description 1. Melt down
2010moderate
With reference to BRIC countries, consider the following statements: 1. At present, China’s GDP is more than the combined GDP of all the three other c
2011moderate
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 g
Related Indian Economy Topics
2010International Trade & WTO
In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently ?
2010Banking & Financial Sector
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of
Frequently Asked Questions
What is the correct answer to this UPSC 2010 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 National Income & Economic Growth question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2010, GS Paper 1, as Question 148. It falls under Indian Economy > National Income & Economic Growth.
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 National Income & Economic Growth?▼
UPSC has asked 37 questions from National Income & Economic Growth (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.