Direct\Proportional means $y = kx$ for some constant k. Inverse means $y={k\over x}$ or $yx=k$ for some constant k (using algerbra you can see the two inverse equations are the same).
So #1 is proportional\direct because $k$ is $-1$, and #2 is inversely related because $k$ is $1$.
And yes its true that in both cases as $x$ increases $y$ decreases, but the difference actually comes from the slope type. If you notice, the proportional\direct equation $y=kx$ is always a straight line. However, the inverse relation $y={k\over x}$ is a curve of some type.
So the main difference is in the slope. One always stays the same (a line), and one changes (a curve of some type).
To tell, you just see which one the equation fits, like if $x$ is on the side opposite to $y$, and on the top, its direct ($y=kx$), if $x$ is on the bottom its inverse ($y={k\over x}$), and if $x$ and $y$ are next to each other they are inverse as well ($xy=k$).