Previous year MCQs

Economy UPPSC 1997 GS-I
Question

Assertion (A): Indian economy has moved to a higher average GDP growth rate in the last 15 years.
Reason (R): The saving ratio has consistently increased in this period.

Code:

Answer & Solution

Answer: (Detailed Solution Below)

Option C: A is true but R is false

Detailed Solution:

The correct answer is “A is true but R is false”.
1) India's GDP growth rate has fluctuated significantly over the past 15 years. There have been periods of high growth, followed by periods of slowdown or even contraction. But, compared to the decades prior to economic liberalization in 1991, India has indeed experienced a significant uptick in its average GDP growth rate.

2) While there has been a general upward trend in India's saving rate over the long term, it hasn't been a consistently increasing one.

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Select the correct statements using the code given below.
Code :
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