Economics · General Awareness

Indian Economy Statistics

976 Questions

Test your knowledge of Indian economy statistics with these targeted questions. The set covers foreign direct investment limits, global production rankings, and GDP contributions. This data is highly relevant for general awareness preparation.

Foreign direct investment limitsGlobal production rankingsGDP contribution sectorsSavings and growth rates

Indian Economy Statistics Questions

Multiple choice

As per the UNDP's Global Human Development Report 2007, India's relative ranking out of 177 countries in respect of HDI was:

  1. 123

  2. 131

  3. 128

  4. 125
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to UNDP's Global Human Development Report 2007, India ranked 128th out of 177 countries on the Human Development Index (HDI). This medium level of development reflected India's challenges in education, health, and income indicators despite rapid economic growth. The ranking has since improved but remains in the medium human development category.

Multiple choice

Consider the following statements.

  1. Consumer Price Index in India is reported by the Central Statistical Organisation, under the Ministry of Statistics and Programme Implementation.
  2. The CPI reached its all-time high figure in January 2013.
  3. The CPI witnessed its lowest all-time figure in April, 1960.

Which of the above are true?

  1. 1 and 2

  2. 2 and 3

  3. 1 and 3

  4. All three
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Consumer Price Index (CPI) in India is reported by the Labour Bureau, Government of India. Historically, from 1960 until 2013, India Consumer Price Index (CPI) averaged 54.45 Index Points reaching an all time high of 221 Index Points in January of 2013 and a record low of 4.32 Index Points in April of 1960.

Multiple choice

The Indian WPI is updated on a

  1. weekly basis (every Thursday)

  2. monthly basis

  3. bi-monthly basis

  4. quarterly basis
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Indian WPI figure was earlier released weekly on every Thursday and influenced stock and fixed price markets. The Indian WPI is now updated on a monthly basis.

Multiple choice

The domestic savings have been an important driver of growth in the Indian economy. The domestic savings rate peaked at 36.8% in the year

  1. 1981-82

  2. 1992-93

  3. 2000-01

  4. 2007-08
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The volume and composition of domestic savings in India have undergone significant changes over the years. The savings rate (gross domestic savings as percentage of gross domestic product at market prices) averaged 18.6 percent in the 1980s and 23 percent in the 1990s. The savings rate exceeded 30 percent for the first time in 2004-05 and has remained above that level ever since. It peaked in 2007-08 at 36.8 percent.

Multiple choice

In the year 2000 - 2001 External Debt GDP ratio in India was:

  1. 15.3%

  2. 9.1%

  3. 7.1%

  4. 5.4%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's External Debt to GDP ratio in 2000-2001 was approximately 15.3%, reflecting the debt levels after the economic reforms of the 1990s. This ratio was a key indicator of external sustainability and was considered manageable at that time, having improved from higher levels in the early 1990s.

Multiple choice

In 2012, India conducted its ________ Economic Census of commercial units.

  1. Fourth

  2. Fifth

  3. Sixth

  4. Seventh

  5. Eleventh
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India conducted its Sixth Economic Census in 2012. The Economic Census is a complete count of all entrepreneurial units located within the geographical boundaries of the country. The first was conducted in 1977, second in 1980, third in 1990, fourth in 1998, fifth in 2005, and sixth in 2012.

Multiple choice

On 6th Sept 2012, India's Plan panel has decided to lower annual average economic growth rate to _________ in the 12th Five Year Plan (2012-17) from earlier average economic growth rate of 9% due to lower economic growth and lack of appropriate policy measures.

  1. 7.4%

  2. 7.8%

  3. 8.2%

  4. 8.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Planning Commission (now NITI Aayog) lowered the annual average economic growth target to 8.2% for the 12th Five Year Plan (2012-2017) from the original 9% target. This revision was due to lower economic growth, global slowdown, and domestic policy bottlenecks that affected the economy.

Multiple choice

What is India's total exports and imports in percentage of total world trade in Agriculture?

  1. Export 1.7%, Import 1.2%

  2. Export 17%, Import 12%

  3. Export 1.2%, Import 1.7%

  4. Export 12%, Import 17%

  5. Export 42%, Import 52%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

According to the World Trade Organisation, India's total exports amounted to 23.2 billion dollars with a 1.7% share of World Trade and import amounted to17.5 billion dollars with 1.2% share of the World Trade.

Multiple choice

The share of agriculture as a factor in India's GDP in 2006-07 was

  1. 17.5%

  2. 18.5%

  3. 19.5%

  4. 20.25%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to official Indian economic statistics for 2006-07, agriculture's contribution to GDP was 18.5%. This reflects the declining but still significant role of agriculture in the Indian economy. The agricultural sector has been gradually decreasing as a percentage of GDP as the services and industrial sectors grow.