1
Question
Consider the following statements about Indian Economy:
1. During 11th Five Year Plan, the food-grain production steadily increased.
2. During 11th Five Year Plan, the average inflation on the Wholesale Price Index was above 10%.
Which of the statements given above is/are correct?
Consider the following statements about Indian Economy:
1. During 11th Five Year Plan, the food-grain production steadily increased.
2. During 11th Five Year Plan, the average inflation on the Wholesale Price Index was above 10%.
Which of the statements given above is/are correct?
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Solution
The correct option is D Neither 1 nor 2
Agriculture sector suffered drought like situations and experienced negative growth during the eleventh five year plan. Food production declined and inflationary pressures gripped the economy. WPI was, however, well below 10% average and settled at an average of around 5.11% over the duration of the plan.
Agriculture sector suffered drought like situations and experienced negative growth during the eleventh five year plan. Food production declined and inflationary pressures gripped the economy. WPI was, however, well below 10% average and settled at an average of around 5.11% over the duration of the plan.
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