Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — Only 1
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is incorrect: The five-year compound annual growth rate (CAGR) of Indian software exports in the late 1990s and early 2000s, while high, was around 40-45%, not 60%.
- Statement 2 is correct: In 2001-02, despite global tech slowdown following the dot-com bubble, the Indian software and services sector grew by approximately 28% in rupee terms according to NASSCOM. Since the question asks for the statement which is not correct, Statement 1 is the answer.
Always pay careful attention to negative phrasing like 'is/are not correct'.
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