The following table gives population and total income of a city for four years: Year | 1992 | 1993 | 1994 | 1995 | Population in lakhs | 20 | 21 | 22 | 23 | Income in crores | 1010 | 1111 | 1225 | 1345 | Which one of the following statements correct in respect of the above data ?

The correct answer is C. Here's an analysis of each statement:

A) Population increased by 5% or more every year

• 1992-93: (21-20)/20 * 100 = 5%
• 1993-94: (22-21)/21 * 100 = 1/21 * 100 approx 4.76%
• 1994-95: (23-22)/22 * 100 = 1/22 * 100 approx 4.55% Since the increase is less than 5% in 1993-94 and 1994-95, statement A is incorrect.

B) Income increased by 10% or more every year

• 1992-93: (1111-1010)/1010 * 100 = 101/1010 * 100 = 10%
• 1993-94: (1225-1111)/1111 * 100 = 114/1111 * 100 approx 10.26%
• 1994-95: (1345-1225)/1225 * 100 = 120/1225 * 100 approx 9.79% Since the increase is less than 10% in 1994-95, statement B is incorrect.

C) Per capita income was always above 5,000 Per capita income = (Income in crores / Population in lakhs) * 100 (to convert crores/lakhs to rupees per person)

• 1992: (1010 / 20) * 100 = 50.5 * 100 = 5050
• 1993: (1111 / 21) * 100 approx 52.90 * 100 = 5290
• 1994: (1225 / 22) * 100 approx 55.68 * 100 = 5568
• 1995: (1345 / 23) * 100 approx 58.47 * 100 = 5847 All per capita incomes are indeed above 5,000. Statement C is correct.

D) Per capita income was highest in 1994 From the calculations in C, the per capita income for 1995 (5847) is higher than that of 1994 (5568). Statement D is incorrect.