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?
a) 1 only
b) 2 only
c)  Both 1 and 2
d)  Neither 1 nor 2

Answer. [B] 

Explanation- This is trend base question. Statement 1 is wrong. After 2008 financial meltdown, growth rate of GDP of the Indian economy had declined for the next few years from 8-9% to 5-6%.

Even though the growth rate declined, the GDP at market prices has always increased year on year since last one decade. Statement 2 is thus correct.