A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as MoSPI issued technical clarifications regarding the manufacturing GVA deflator methodology. Statement 2 is incorrect because double deflation specifically deflates intermediate inputs and gross outputs using *distinct* price indices (using a single index is termed single deflation).
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.