Economics · General Awareness

Indian Economy Statistics

995 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

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

Match the following

 
Group - I
Group - II
1. Planning for an expanding economy
(i) V.K.R.V. Rao economy
2. Industrial evolution of India
(ii) Dadabhai 'Nauroji'
3. Drain theory
(iii) D.R Gadgil
4. India's National income
(iv) Vakil and Brahmanand

  1. 1-(iii), 2-(i), 3-(iv), 4-(ii)

  2. 1-(i), 2-(ii), 3-(iii), 4-(iv)

  3. 1-(iv), 2-(iii), 3-(ii), 4-(i)

  4. 1-(i), 2-(iv), 3-(iii), 4-(ii)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

V.K.R.V. Rao pioneered India's national income estimates. Dadabhai Naoroji developed the famous Drain Theory explaining colonial exploitation. D.R. Gadgil documented India's industrial evolution. Vakil and Brahmanand formulated the planning framework for India's expanding economy. The matching in option C correctly pairs each economist with their contribution.

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

In Sept 2012, the Asian Development Bank (ADB) announced that it would lend an extra $300 million to India to upgrade an additional 254 kilometres of state highways in

  1. Bihar

  2. Assam

  3. Manipur

  4. Orissa

  5. Gujarat
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

ADB approved a $300 million loan in September 2012 specifically for upgrading 254 km of state highways in Bihar, focusing on improving connectivity and road quality in one of India's poorest states. This project was part of ADB's broader infrastructure development support to India, with particular focus on underserved regions needing road network improvements.

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.