A) Hit by demonetization and burdened by non- performing assets (NPAs), Indian banks have slashed lending to the commercial sector during financial year 2016-17.
B) As compared to an average annual growth rate of more than 20 per cent during the first decade of this century, and 10.6 per cent in 2015-16, the rate of growth was down to 8.5 per cent in 2016-17.
C) Given the government's adherence to its fiscal deficit targets, government expenditure has not been a particularly strong stimulus to growth.
D) But even this conceals a disturb ing trend.
E) Lending to industry has fallen (with a rate of growth of minus one per cent) and that to agriculture decelerated, with the rate of growth falling from 15.3 to 8,..cent.
Correct Answer: C
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