Statement I: There has been a sharp decline in savings rate in Indian economy between 2007-2008 to 2015-2016. Statement II: There has been a fall in household and public savings.

Asked in UPSC CDS 2 2018 · Topic: National Income & Gross Domestic Product (Savings, Investment, and their Relationship with National Income)

1. Both the statements are individually true and Statement II is the correct explanation of Statement I
2. Both the statements are individually true but Statement II is not the correct explanation of Statement I
3. Statement I is true but Statement II is false
4. Statement I is false but Statement II is true

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