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
A
Correct answer
Explanation
IBM India maintained its its top position with 26.2% market share 9in terms of revenue). Hence, this is the correct option.
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First
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Fourth
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Third
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Second
D
Correct answer
Explanation
India ranks second in global fruit production, after China. India's diverse climate zones support cultivation of tropical, subtropical, and temperate fruits, making it one of the world's largest fruit producers with significant output of mangoes, bananas, and citrus fruits.
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125 million Ha
-
135 million Ha
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118 million Ha
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145 million Ha
C
Correct answer
Explanation
India's irrigation target is 118 million hectares. This goal includes both gross and net irrigated area, reflecting the need to expand irrigation infrastructure to increase agricultural productivity and ensure food security for the growing population.
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12 lakh
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20 lakh
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2 crore
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5 crore
C
Correct answer
Explanation
Growth pole theory states that growth centers provide services and market access to surrounding rural populations. The 2 crore figure likely refers to the service population threshold for identifying growth poles in Indian planning.
C
Correct answer
Explanation
The correct answer is option (3).
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Fifth
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Seventh
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Second
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Third
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Fourth
E
Correct answer
Explanation
India stands fourth in the production of iron ore.
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Second
-
Third
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Fourth
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Fifth
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Sixth
A
Correct answer
Explanation
India ranks second in the world in the production of manganese ore. There are 167 million tonnes of manganese ore reserves in India, out of which, India produces 13 lakh tonnes of this ore annually. Orissa is the leading producer of manganese.
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Percentage share of agriculture is higher than services
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Percentage share of industry is higher than agriculture
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Percentage share of services is higher than industry
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Percentage share of services is higher than agriculture and industry put together
D
Correct answer
Explanation
India's economy is service-sector dominant. Services contribute around 50-55% of GDP, while agriculture is 15-20% and industry is 25-30%. Services alone exceed agriculture AND industry combined, making India somewhat unique among developing nations which typically start agriculture-heavy.
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5.27 %
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6.23 %
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5.29 %
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5.24 %
C
Correct answer
Explanation
Kamal Nath mentioned 7% as India's expected growth rate for a fiscal year, which was realistic for the post-2008 economic slowdown period. The higher options would have been too optimistic given global conditions. However, the question doesn't specify which fiscal year.
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one-fourth
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two-third
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three-fourth
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one-third
A
Correct answer
Explanation
In the 17th century, before deindustrialization under British rule, India accounted for approximately one-fourth (25%) of global manufactured goods. This reflected India's advanced textile, metallurgy, and shipbuilding industries. By the 19th century, this share declined dramatically due to colonial policies and industrial revolution elsewhere.
B
Correct answer
Explanation
Correct answer is option (2). The world economy is projected to grow by 2.9% in 2016 and 3.2% in 2017.
C
Correct answer
Explanation
The 10th Finance Commission (1995-2000) recommended a 29% share of central taxes for states. This was part of the devolution framework for fiscal federalism in India. The percentage represents the share of central tax revenues that would be distributed to state governments.
D
Correct answer
Explanation
According to the Economic Survey 2006-07, India's share in world exports was around 1.25%. This was a period of growing export competitiveness. India's export share has been gradually increasing but was still relatively low compared to developed economies and China.
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About 2.3 million tonnes
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About 3.8 million tonnes
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About 4.4 million tonnes
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About 6.0 million tonnes
C
Correct answer
Explanation
The FAO projected India's rice exports at approximately 4.4 million tonnes for 2007, reflecting India's growing position as a major rice exporter in the global market. This projection was based on production estimates and international demand patterns. The projection proved relatively accurate for that year.