BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Contribution of household sector is the largest
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Contribution of govt. sector is the largest
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Contribution of corporate sector is the largest
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All of the above
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Detailed explanation-1: -The share of the household sector in total saving Gross domestic savings is maximum. Household savings intermediated by banks and other non-banking financial entities are a major source of investment funding for the Indian economy.
Detailed explanation-2: -The correct answer is the household sector. Gross Domestic Saving consists of savings of household sector, private corporate sector, and public sector. The household sector is the largest contributor to domestic saving.
Detailed explanation-3: -Detailed Solution. The correct answer is service sector. 60% of Indian GDP is contributed by the service sector.
Detailed explanation-4: -Service sector contributes the most in the Indian GDP.
Detailed explanation-5: -The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees. With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.