- The survey showed that nearly 80% of rural households reported higher consumption during the past year.
- 42.2% households experienced income growth, while only 15.7% saw a decline.
- 67.3% of household income was spent on consumption, the highest share since RECSS began.
- Three‑fourths of households expect income to rise next year, reflecting strong optimism.
- Conducted bi‑monthly by NABARD since September 2024, RECSS tracks rural economic conditions and household sentiments.
Question:
Q.1 According to NABARD’s 8th Round of the Rural Economic Conditions and Sentiments Survey (RECSS), what proportion of household income was spent on consumption?a) About 55%
b) About 60%
c) About 67%
d) About 75%
c) About 67%
d) About 75%
Answer: c) 67.3% of household income was spent on consumption, which was the highest share since RECSS began.