With reference to Indian economy, consider the following statements:1.The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.2.The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.Which of the statements given above is/are correct?

1. A

   1 only

   Statement 1 is false: real GDP growth in India did not rise steadily through the decade before 2015; it fluctuated, including a slowdown after the global financial crisis. ‘1 only’ is therefore not the key.

2. B

   2 only

   Statement 2 is correct: GDP at market prices in rupees (nominal GDP) rose year after year in that decade even when real growth dipped, because of positive inflation and a growing base. Statement 1 is false. Hence 2 only is the official key.

3. C

   Both 1 and 2

   Both would require a steadily rising real growth rate, which did not occur. This option is not the key.

4. D

   Neither 1 nor 2

   Neither would deny the steady rise of rupee GDP at market prices. This option is therefore wrong.

Summary. Official key is (b) 2 only. Nominal GDP in rupees trended up through the 2000s–early 2010s. Real growth rates did not increase steadily; they moved with cycles and shocks. ‘Steadily’ is the word that kills statement 1. Only the market-price rupee series fits.