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National Income


13. 

The volume of savings in a country depends upon the level of

Answer : B. National income

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14. 

Which of the following is not viewed as national debt?

Answer : C. National savings Certificates

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15. 

On which of the following do people of India spend most of their income?

Answer : B. Food

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16. 

The union government on January 30,2015 revised the base year as ____________ instead of 200-05 for calculating GDP growth.

Answer : D. 2011-12

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17. 

Which of the following steps may be taken by a government to check inflation temporarily?

Answer : C. Money supply should be reduced

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18. 

Which of the following is associated with the term 'deflation' in economics?

Answer : D. Decreases in the money relating to the supply of goods and services

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