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

Agriculture is the mainstay of Indian economy.

Directions: A passage is given below which is followed by an inference that can be drawn from the facts stated in the passage. You have to examine the inference separately in the context of the passage and decide upon its degree of truth or falsity. 

In the overall economy of India, agriculture is the largest sector of economic activity. It plays a crucial role in the country's economic development by providing food to its people and raw materials to industry. It accounts for the largest share to the national income. The share of the various agricultural commodities, annual husbandry and ancillary activities has been more than 40 percent since independence. During the decade of the fifties, it actually contributed about half of the national output.

  1. If the inference is ‘Definitely true’, i.e. it properly follows from the given facts

  2. If the inference is ‘Probably true’ though not ‘definitely true’ in the light of the facts given

  3. If the 'Data is inadequate', i.e. from the facts given you cannot say whether the inference is likely to be true or false

  4. If the inference is ‘Probably false’ though not ‘definitely false’ in the light of the facts given

  5. If the inference is ‘Definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

'In the overall economy of India, agriculture is the largest sector of economic activity. It plays a crucial role in the country's economic development.' The above statement depicts the similar meaning as is depicted by the statement given in the question. 

Multiple choice

“Operation Flood” deals with

  1. the linking of the rivers Ganga and Cauvery

  2. control of floods in North India

  3. the dairy development programme

  4. the provision of drinking water to all
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Operation Flood (1970-1996) was India's dairy development programme that transformed India from a milk-deficient nation to the world's largest milk producer. It was implemented by the National Dairy Development Board (NDDB) and led to the formation of AMUL and other dairy cooperatives. It had nothing to do with river linking or flood control.

Multiple choice

Since 1980, the share of the tertiary sector in the total GDP of India has

  1. shown an increasing trend

  2. shown a decreasing trend

  3. remained constant

  4. been fluctuating
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The share of the tertiary sector in the total GDP or Gross Domestic Product of India is increasing, which is a sign of economic development. This reproduces the trend shown by western countries as they were developing.

Multiple choice

What position does India enjoy in the production of sugar?

  1. 3rd

  2. 5th

  3. 2nd

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

India ranks second in global sugar production, primarily due to extensive sugarcane cultivation in states like Uttar Pradesh, Maharashtra, and Karnataka. This makes India a major player in the international sugar market after Brazil. The 2nd position reflects India's significant agricultural output.

Multiple choice

Consider the following statements about India's livestock population? (1) India owns the largest livestock population in the world. (2) India accounts for nearly 57 percent of the world buffalo population and 16 percent of the cattle population. (3) India is the largest producer of milk. Which of the above statements is/are true?

  1. Only 1

  2. Both 1 and 2

  3. Only 3

  4. All 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All three statements are factually correct. India has the world's largest livestock population, dominates buffalo population (57%) and has significant cattle share (16%), and is indeed the largest milk producer globally.

Multiple choice

The revised estimates from the Central Statistical Organisation on May 31, 2006 for India's annual per capita income are

  1. Rs. 23,000

  2. Rs. 28,000

  3. Rs. 25,000

  4. Rs. 18,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Central Statistical Organisation (CSO) is India's official statistical agency responsible for compiling national income data. The revised estimates released on May 31, 2006 placed India's annual per capita income at Rs. 23,000 for that fiscal year, reflecting the economic growth trajectory of the mid-2000s.

Multiple choice

At present (2011) India is the ______ largest producer of tea in the world.

  1. second

  2. first

  3. third

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

In 2011, India was the world's second-largest tea producer after China. India produces approximately 900-1000 million kg annually, with major production in Assam and West Bengal (Darjeeling). Kenya was third. China has since further increased its lead, but India remains in second position globally for tea production. This data was accurate for the timeframe specified.

Multiple choice

Read the following features of Indian Economy

  1. Domestic savings rate has been increasing.
  2. Foreign exchange resources have been rising.
  3. Growth rate has accelerated in recent years. Which of the aforesaid is/are correct?

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. All 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All three statements accurately describe features of the Indian economy. India's domestic savings rate has shown an increasing trend over decades. Foreign exchange reserves have grown substantially since economic liberalization in 1991, and GDP growth rates have accelerated compared to the pre-1991 period.

Multiple choice

Food subsidy as a percentage of GDP in India is at present

  1. less than 0·5 per cent

  2. between 0·5-1·0 per cent

  3. between 1·0-3·0 per cent

  4. between 3·0-5·0 per cent
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India's food subsidy, primarily through the Public Distribution System (PDS) and later the National Food Security Act, typically represents about 1-1.5% of GDP. This significant expenditure reflects the government's commitment to food security for a large population, making option C (1.0-3.0%) the correct range.

Multiple choice

Which of the following is true regarding the gross domestic saving in India?

  1. The contribution of corporate sector is the largest

  2. The contribution of government sector is the largest

  3. The contribution of household sector is the largest

  4. The contribution of public sector is the largest
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The household sector contributes the largest share to gross domestic saving in India, typically around 60-70% of total savings. This includes savings of households in the form of bank deposits, small savings schemes, life insurance, provident funds, and other investments. The corporate and government sectors contribute smaller portions. 'Public sector' is not a standard category in savings accounting.