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

The allocation for Defence during the 10th plan (2002-2007) was estimated at

  1. 2.33 - 2.34 of GDP

  2. 2.30 - 2.31 of GDP

  3. 2.36 - 2.38 of GDP

  4. 3.30 - 3.32 of GDP
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The 10th Five Year Plan (2002-2007) allocated approximately 2.33-2.34% of GDP to defense spending. This is a specific factual detail from planning documents. Option D (3.30-3.32%) is too high for India's defense allocation during this period.

Multiple choice

India's maximum import is of

  1. iron ore

  2. mica

  3. petroleum products

  4. gems and jewellery
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India's maximum imports are of petroleum products, making crude oil and petroleum the country's largest import category. India imports over 80% of its crude oil requirements due to limited domestic production and high energy demands. This import dependency significantly impacts India's trade balance and economic policy. While gems and jewellery are also major imports for processing and re-export, and iron ore was historically imported, petroleum consistently remains the largest import by value.

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

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.