Question : Saving is that portion of money income that is
Option 1: spent for the development of industries
Option 2: not spent on consumption
Option 3: spent on health and education
Option 4: spent for consumer durables
Correct Answer: not spent on consumption
Solution : The correct answer is not spent on consumption .
Saving is defined as the share of income that is not spent on current consumption. It refers to the quantity of money set aside for future usage. Savings can be used for several goals.
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