Question

Consider the following statements:
1) Gross capital formation as percentage of GDP has been increasing since last two decades.
2) Gross capital formation of country indicates the economic growth of country.

Select the correct answer using the code given below

• A. 1 Only
• B. 2 only
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is B 2 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> India's gross capital formation was on the rise till 2008 but later there was reversal of the trend due to global financial crisis. Gross capital formation indicates the economic growth of country.