Which of the following assumptions is/are valid? 1. Deflation strategies can be used to make manufacturers appear to be doing better than they actually are. 2. When input and output prices are both deflated against a single input price, it is referred to as 'double deflation'. Select the answer using the code given below.
- (a) 1 only ✓ UPSC's answer
- (b) 2 only
- (c) Both 1 and 2
- (d) Neither 1 nor 2
Why the answer is (a)
• The passage states that using the same deflator for inputs and outputs, as in India, can make a manufacturer appear more productive when real value added has not changed, validating statement 1.
• 'Double deflation' is explicitly defined in the passage as a method where input and output prices are deflated separately, not against a single input price.
• Therefore, statement 2 is incorrect because it misdefines the term 'double deflation' by describing the single-deflator method instead.
• Since only statement 1 is valid based on the text, option (a) is the correct answer.
Why the other options are wrong
- (b) 2 only
- Statement 2 is invalid because 'double deflation' involves deflating input and output prices separately, not against a single input price.
- (c) Both 1 and 2
- Statement 2 is invalid because it incorrectly defines 'double deflation' as using a single deflator, whereas the passage defines it as separate deflation of inputs and outputs.
- (d) Neither 1 nor 2
- Statement 1 is valid because the passage confirms that using the same deflator can falsely indicate increased productivity, making the claim that neither is valid incorrect.
Asked in the CSAT Paper II of the UPSC Civil Services Preliminary Examination 2026, held on 24 May 2026. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.