1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer is Right!
Answer is Wrong!
The correct answer is (c).
Statement 1 is correct. Household financial savings are a major source of funds for the government. In 2020-21, household financial savings accounted for 26% of gross domestic savings (GDS). This means that for every â¹100 that was saved in India in 2020-21, â¹26 came from households.
Statement 2 is also correct. Dated securities issued at market-related rates in auctions form a large component of internal debt. In 2020-21, dated securities accounted for 52% of the central government’s total internal debt. This means that for every â¹100 that the central government borrowed from domestic sources in 2020-21, â¹52 came from dated securities.
Therefore, both statements 1 and 2 are correct.