Which Statement Is NOT True of Dharavi, India

question 183

Multiple Choice

Which statement is NOT true of Dharavi, India?

• A) It is one of the world's largest shantytowns/slums.
• B) It is home to 15,000 one-room factories.
• C) It houses up to a million people in less than 1 square mile.
• D) It has a thriving middle class.

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Definitions:

Saving

Disposable income not spent for consumer goods; equal to disposable income minus personal consumption expenditures.

Deregulation

The process of reducing or eliminating government power in a particular industry, usually to create more competition within the industry.

Transactional Motive

relates to the need to hold cash for the purpose of conducting day-to-day transactions.

Precautionary Motive

The desire to hold cash or liquid assets to guard against unexpected events and emergencies, influencing how individuals and firms manage their finances.