Question : Saving is that portion of money income that is
Option 1: spent for the development of industries
Option 2: not spent on consumption
Option 3: spent on health and education
Option 4: spent for consumer durables
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Correct Answer: not spent on consumption
Solution : The correct answer is not spent on consumption.
Saving is defined as the share of income that is not spent on current consumption. It refers to the quantity of money set aside for future usage. Savings can be used for several goals.
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Question : SIDBI stands for :
Option 1: small industrial designed Bank of India
Option 2: Small industries development Bank of India
Option 3: Small innovations development banker's institute
Option 4: small industries development Banker institute
Question : Human Development Index (HDI) is an aggregate measure of progress in which of the three dimensions?
Option 1: Health, Education, Income
Option 2: Food security, Employment, Income
Option 3: Agriculture, Industry, Services
Option 4: Height, weight, colour
Question : The monthly income of a family is Rs. 35,000. The family spends the income on various expenses, viz., food, health, education, entertainment, and rent. After incurring all the expenses, they save 8% every month. The expenditure on health is 50% more than that of food. While food is three times the expenditure on entertainment, the expenditure on health is half of the expenditure on education. The expenditure on rent is one-third of the combined expenditure on food, health, and education. How much expenditure (in Rs.) is incurred on education?
Option 1: Rs. 12,600
Option 2: Rs. 8,400
Option 3: Rs. 13,200
Option 4: Rs. 7,700
Question : What was the prime target of the first five-year plan of India?
Option 1: Development of agriculture
Option 2: Development of industries
Option 3: Development of ports
Option 4: Development of infrastructure
Question : Investment and savings are kept equal through a change in the level of
Option 1: Consumption
Option 2: Investment
Option 3: Government expenditure
Option 4: Income
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