13.
The volume of savings in a country depends upon the level of
Answer : B. National income
14.
Which of the following is not viewed as national debt?
Answer : C. National savings Certificates
15.
On which of the following do people of India spend most of their income?
Answer : B. Food
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
17.
Which of the following steps may be taken by a government to check inflation temporarily?
Answer : C. Money supply should be reduced
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
