Economics · Indian Economy
Given below are two statements: Statement I: Credit availability is an important component of economic growth. Statement II: Compared to many advanced economies, India has historically been considered an under-leveraged country in terms of private debt-to-GDP ratio. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is false but Statement II is true.
- 2Statement I is true but Statement II is false.
- 3Both Statement I and Statement II are false.
- 4Both Statement I and Statement II are true.✓
Correct answer
Both Statement I and Statement II are true.
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