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

Consider the followings: I. India is down to 128 on the HDI in 2007 after sliding two notches. II. India ranked 62 among 108 developing countries on poverty index. III. India's present HDI of 0.619 is above South Asia average (0.611) and below developing counties average (0.691) Select the Code:

  1. Only I and II are correct

  2. Only I and III are correct

  3. Only II and III are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All three statements about India's development indicators are factually correct based on 2007 UNDP Human Development Report data. India's HDI was indeed 0.619, ranking 128th globally.

Multiple choice

The Union government had decided to increase the Foreign Direct Investment (FDI) limit in insurance firms from 26% to ________.

  1. 49%

  2. 54%

  3. 64%

  4. 34%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Union government decided to increase the Foreign Direct Investment (FDI) limit in insurance firms from 26% to 49%. This was a significant reform aimed at bringing more capital into the insurance sector. The move was part of broader economic liberalization and required amendments to insurance laws. Insurance is a sensitive sector in India, so this increase was carefully calibrated. The other options (34%, 54%, 64%) are incorrect - the approved limit was 49%.

Multiple choice

Directions: Which of the following alternatives correctly rectifies the given sentence. If the sentence is correct as it is, choose option (1) as your answer.

India's GDP is growing at a higher rate than Sri Lanka.

  1. India's GDP is growing at a higher rate than Sri Lanka.

  2. India's GDP is growing at a higher rate than Sri Lanka's.

  3. India's GDP has been growing at a higher rate than Sri Lanka.

  4. India's GDP is growing at a rate which is higher than Sri Lanka.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correction: “is growing at a higher rate than..... Sri Lanka's”

Multiple choice

The foreign Direct Investment this year in India reached to the level of about US $ 3.74 billion. In comparison to last years investment the increase is About _______

  1. 50 %

  2. 100%

  3. 125 %

  4. 200 %

  5. 250 %
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The question asks about the percentage increase in FDI (Foreign Direct Investment) compared to the previous year. A 125% increase means the FDI grew to 2.25 times the previous year's level. The other options represent different magnitudes of growth - 50%, 100% (doubling), 200% (tripling), and 250% (3.5 times).

Multiple choice

The foreign Direct Investment this year in India reached to the level of about US $ 3.74 billion. In comparison to last years investment the increase is About _______

  1. 50 %

  2. 100%

  3. 125 %

  4. 200 %

  5. 250 %
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This question tests factual knowledge about India's FDI growth trend in 2008 compared to 2007. The correct answer reflects the approximately 125% increase in foreign direct investment inflows that year. FDI data is tracked by RBI and the Department of Industrial Policy and Promotion. This was a significant year for FDI as India's economic reforms gained momentum.

Multiple choice

According to the Employment Outlook 2007 reports of the Organization for Economic Cooperation 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
C Correct answer
Explanation

According to the OECD Employment Outlook 2007 report, India created approximately 11 million new jobs annually from 2000-2005. This statistic reflected India's economic growth during that period. The specific figure of 11 million is the correct data point mentioned in the OECD report.

Multiple choice

The foreign Direct Investment this year in India reached to the level of about US $ 3.74 billion. In comparison to last years investment the increase is About _______

  1. 50 %

  2. 100%

  3. 125 %

  4. 200 %

  5. 250 %
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This question requires specific FDI data for India. A 125% increase means the investment grew by 2.25 times from the previous year. If the previous year's FDI was approximately $1.66 billion, a 125% increase would reach about $3.74 billion.

Multiple choice

What is India's rating in the "Doing Business Report" prepared by the World Bank ?

  1. 55th

  2. 80th

  3. 100th

  4. 120th

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

In the Doing Business Report 2009-2010, India was ranked 120th out of 183 economies. The report assesses regulations affecting domestic businesses and measures the ease of doing business across various indicators including starting a business, dealing with permits, and getting credit.

Multiple choice

The import of which of the following has raised the Current Account Deficit of India by about 77%?

  1. Oil

  2. Gas

  3. Sugar

  4. Foodgrain

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

Oil imports are India's largest import expense, accounting for roughly 77% of the Current Account Deficit during the referenced period. India's heavy dependence on imported crude oil to meet its energy needs makes it the primary driver of trade deficits, as prices fluctuate in global markets.

Multiple choice

According to data released by Swiss National Bank, India was placed at the ____ position in terms of foreigners’ money in Swiss banks.

  1. 15th

  2. 27th

  3. 33rd

  4. 61st

  5. 48th
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to Swiss National Bank data, India ranked 61st in terms of foreign money held in Swiss banks, indicating a significant decline from earlier years when India was among the top countries. This data tracks deposits by foreign nationals in Swiss banks.