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The following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and …

Q1
The following item consists of two statements, Statement I and Statement II. Examine these two statements carefully and select the correct answer using the code given below. 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.
aBoth the statements are individually true and Statement II is the correct explanation of Statement I
bBoth the statements are individually true but Statement II is not the correct explanation of Statement I
cStatement I is true but Statement II is false
dStatement I is false but Statement II is true
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