A
The total surface and subsurface water supply falling below established normal levels during a drought.
B
The uncollateralised overnight interbank lending rate monitored by central financial institutions.
C
Volume of water in a reservoir above the minimum drawdown level that can be released for usage.
D
Water stored in a reservoir below the lowest outlet level, retained exclusively for sediment accumulation.
Correct answer: (c) Volume of water in a reservoir above the minimum drawdown level that can be released for usage.
Explanation
Option C is correct as live storage refers to the volume of water in a reservoir above the minimum drawdown level that can be released for usage. Option D defines dead storage, option A defines hydrological drought, and option B describes an interest rate.
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