CBE 1

Wealth refers to the market value of ------- owned by individuals net of any ---------

• assets, debt

• stocks, asset

• stocks, capital

• capital, stocks

The most reliable supplement source of the income of the rich is ----------

• income survey

• consumption survey

• bank accounts

• tax tabulations published by IT department

Given the strong growth of tax filing in recent decades, the tax data now covers nearly --------- percent of adults in recent years.

• 10

• 20

• 25

• 50

NSSO began conducting -------- tracking household assets and liabilities in 1961

• AIDIS

• AISDI

• AISID

• ADSAI

Forbes Billionaire list track all individuals with net wealth exceeding --------- at the market exchange rate

• $1 billion

• $10 billion

• $1 million

• $10 million

An adult needs to own INR ----lakh to belong to the wealthiest 10 percent and INR ----- lakhs to break into the top 1 percent.

• 21 , 82

• 26, 72

• 31, 86

• 12, 56

The median adult holds about INR ------- lakhs worth of wealth

• 4.3

• 5.6

• 3.4

• 6.5

The bottom 50 percent of the population owns only --------- percent of the total wealth

• 6.4

• 64

• 10.2

• 20.5

The top 1 percent owns 40 percent of the total wealth, top 0.1% holds 30% wealth, 0.01% holds ---- percent of wealth and 0.001% alone holds a whooping ----------% wealth

• 22, 17

• 32, 27

• 12,7

• 17,10

The average net wealth among the top 0.001% exceeds INR ---------- crores

• 5000

• 2000

• 1000

• 7000