With reference to All India Debt amp Investment Survey consider the following statements 1 It has be...........

Indian Economic System(BPSC) Infrastructure- Housing, Transport, Energy

With reference to All India Debt & Investment Survey, consider the following statements:

1. It has been conducted by the National Statistical Offi ce (NSO).

2. As per the latest survey, incidence of indebtedness was higher in urban households as compared to rural households.

Which of the above statement(s) is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

All India Debt & Investment Survey :

The main objective of the survey on Debt & Investment was to collect basic quantitative information on the assets and liabilities of the households as in June 2018.
Key fi ndings of the survey are:
About 99.4% of the households in Rural India (100% cultivator households and 98.6% non-cultivator households) reported owning any asset (physical or fi nancial) as on 30.06.2018
About 98% of the households in Urban India (99.7% self-employed households and 97.3% other households) reported owning any asset (physical or fi nancial) as on 30.06.2018
In Rural India, 97.5% households owned physical assets & 96.6% households owned financial assets
In Urban India, 85.4% households owned physical assets & 94.7% households owned fi nancial assets
Incidence of Indebtedness was about 35% in Rural India (40.3% cultivator households, 28.2% non-cultivator households) compared to 22.4% in Urban India (27.5% self-employed households, 20.6% other households).
In Rural India,17.8% households were indebted to institutional credit agencies only (21.2% cultivator households, 13.5% non-cultivator households) against 14.5% households in Urban India (18% self-employed households, 13.3% other households)