Home PYQs UPPSC UPPSC MCQs Prelims 2008 (GS Paper I)

Question

Savings ratio in India at present (2006-07) stands at:

  1. between 20 to 25 per cent of GDP
  2. between 25 to 30 per cent of GDP
  3. between 30 to 32 per cent of GDP
  4. Above 32 per cent of GDP

Answer:

Option B: between 25 to 30 per cent of GDP

Detailed Solution:

The correct answer is “between 25 to 30 per cent of GDP”.

India's gross domestic savings (GDS) ratio in 2006-07 was 29.1% of GDP, according to the Government of India's 2006-07 budget.