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Question No. 266Interactive Test Mode
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Q266. 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?

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?
Select the correct option below (or cross out options to eliminate)

Official Answer Key & Detailed Solution

Ready to check the official UPSC Answer Key?

Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 2015 • Indian Economy

Correct Answer: Option (B) — 2 only

Concept & Option Breakdown

Standard Reference Verified

Statement 1 is incorrect: The growth rate of Real GDP fluctuated significantly over the decade (2005–2015) due to domestic cycles and the 2008 global financial crisis; it did not increase steadily. Statement 2 is correct: Absolute GDP at market prices in nominal rupee terms expanded continuously year after year over the decade without experiencing a contraction.

Elimination Heuristic & Exam Approach

Extreme qualifiers like 'steadily increased' for growth rates are almost always false because growth rates fluctuate cyclicality, whereas absolute nominal output generally trends upward continuously.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2015 (Q266)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (B) — 2 only

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Frequently Asked Questions — UPSC Prelims 2015 Q266

What is the official answer for UPSC Prelims 2015 GS Paper I Question 266 (Indian Economy)?

The official UPSC answer key for this 2015 Indian Economy (Indian Economic Planning & Growth) question is Option (B): "2 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2015 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Indian Economic Planning & Growth UPSC Prelims question using option elimination?

Extreme qualifiers like 'steadily increased' for growth rates are almost always false because growth rates fluctuate cyclicality, whereas absolute nominal output generally trends upward continuously.

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