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

As per Economic Survey 2006-07 India's share in World Export has been

  1. 0.5%

  2. 0.75%

  3. 1%

  4. 1.25%
Reveal answer Fill a bubble to check yourself
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.

Multiple choice

Directions: Choose the correct option for the given question.

United Nation's Food and Agriculture Organisation (FAO) has projected India's export of rice for 2007 at

  1. About 2.3 million tonnes

  2. About 3.8 million tonnes

  3. About 4.4 million tonnes

  4. About 6.0 million tonnes
Reveal answer Fill a bubble to check yourself
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.

Multiple choice

The sequence of the following states of India according to per capita income is ____

  1. Goa, Maharastra, Delhi, Punjab

  2. Punjab, Goa, Maharastra, Delhi

  3. Delhi, Goa, Punjab, Maharastra

  4. Maharastra, Delhi, Punjab, Goa
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Delhi has the highest per capita income among Indian states/UTs, followed by Goa, then Punjab, and Maharashtra. This ranking reflects their economic structure - Delhi's service economy, Goa's tourism and services, Punjab's agriculture and industry. Maharashtra is large but with lower averages due to population size.

Multiple choice

According to the Employment Outlook 2007 reports of the Organisation for Economic Co-operation and Development (OECD), the number of new jobs created in India every year from 2000 to 2005 is _____.

  1. 5 million

  2. 8 million

  3. 11 million

  4. 13 million
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to the Employment Outlook 2007 reports of the Organisation for Economic Co-operation and Development (OECD), the number of new jobs created in India every year from 2000 to 2005 was 8 million.

Multiple choice

Directions: Choose the correct option for the given question: Presently (from April 29, 2003) bank rate in India is.............

  1. 7·0%

  2. 6·75%

  3. 6.25%

  4. 6·0%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The bank rate is the rate at which the central bank (RBI) lends money to commercial banks without any collateral. On April 29, 2003, the RBI reduced the bank rate from 6.75% to 6.0% as part of its monetary policy easing measures. Options A (7.0%) and B (6.75%) represent higher rates, while C (6.25%) was not the rate set on this specific date.

Multiple choice

Directions: Choose the correct option for the given question: Per capita income at factor cost at constant prices for 2006-07 (Revised Estimates) stands at...........

  1. Rs. 18263

  2. Rs. 19297

  3. Rs. 20858

  4. Rs. 22553
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to the Revised Estimates for 2006-07, India's per capita income at factor cost at constant prices was Rs. 22,553. This metric measures the average income per person adjusted for inflation and at factor cost (excluding indirect taxes and subsidies). The steady increase in per capita income reflected India's strong economic growth during this period.

Multiple choice

Directions: Choose the correct option for the given question.

As per the advance estimates of CSO released on February 7, 2008, India's GDP growth for 2007-08 stands at

  1. 9.2%

  2. 8.7%

  3. 8.6%

  4. 8.4%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Central Statistical Organisation's advance estimates released in February 2008 placed India's GDP growth at 8.7% for 2007-08, down from the previous year's 9.6%. This figure reflected the impact of global financial conditions and domestic factors. Options A, C, and D represent other growth rates that were not the official advance estimate.

Multiple choice

Directions: Choose the correct option for the given question.

CSO has projected agriculture growth rate (in its advance estimates) for 2007-08 at

  1. 5.9%

  2. 3.8%

  3. 2.6%

  4. 2.0%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The CSO's advance estimates for 2007-08 projected agricultural growth at 2.6%, reflecting slower performance in the farm sector. This rate was lower than previous years due to factors like reduced area under cultivation and weather impacts. Options A (5.9%), B (3.8%), and D (2.0%) were not the projected figures in the advance estimates.

Multiple choice

United bank of india(UBI) has cut its PLR by howmuch basic points?

  1. 1 %

  2. 0.5 %

  3. 0.7 %

  4. 1.5 %
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

United Bank of India (UBI) cut its Prime Lending Rate (PLR) by 150 basis points (1.5%). In banking terminology, basis points (bps) are used - 100 bps equals 1%. So a 150 bps reduction equals 1.5%, not 0.5%, 0.7%, or 1%.

Multiple choice

The life insurance sector had witnessed a growth of 95 per cent in the last fiscal. In this financial year by how much per cent is in the life insurance sector expected to grow?

  1. 20%

  2. 30%

  3. 40%

  4. 50%

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The life insurance sector in India had witnessed 95% growth in the previous fiscal year (2006-07). For the upcoming financial year (2008-09), the sector was expected to grow at around 30%, reflecting strong demand but moderating from the exceptional previous year's surge.