Economics · Economy
With reference to household financial behaviour in India, consider the following statements: I. Household consumption expenditure constitutes the largest component of aggregate demand in the Indian economy. II. The gross financial savings of households, as a percentage of GDP, have exhibited significant volatility in recent years. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II✓
- 3II only
- 4I only
Correct answer
Both I and II
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