LIC AAO Model Paper 7

According to the preliminary estimates released by the Reserve Bank of India on 31 August 2015, household financial saving is placed at 7.5 % of India’s national income in FY’15, up from 7.3% in 2013-14. Amid a slowdown in overall household savings, their savings in financial assets-deposits, stocks, insurance, mutual funds and pension funds - gained breaking a five year trend over which the share of financial savings was seen dipping