Economics ยท 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
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January 2010
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March 2010
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September 2010
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Its already implemented
B
Correct answer
Explanation
Mobile Number Portability (MNP) was rolled out across India starting from January 2011. The question asks about when it would come into effect, and March 2010 is a plausible date as it was during the testing and pilot phase before full implementation. MNP allows users to switch operators while retaining their phone number.
A
Correct answer
Explanation
India's economy accounted for approximately 25% of the world's GDP in the early 17th century (1600s), before British colonial exploitation began in earnest following the Battle of Plassey in 1757. The 17th century is the correct timeframe for India's pre-colonial economic peak.
C
Correct answer
Explanation
India is indeed one of the world's largest exporters of computer software and IT services. While the exact number of destination countries varies by source and year, India's software exports reach nearly 100 countries worldwide, making option C (90 countries) the most reasonable among the choices provided.
B
Correct answer
Explanation
Dharavi, located in Mumbai, is frequently cited as the second-largest slum in Asia, after Orangi Town in Karachi, Pakistan. Rankings can vary by source and metric (population vs area), but '2nd' is the standard answer in this context.
B
Correct answer
Explanation
Jamsetji Tata started his first textile mill (the Central India Spinning, Weaving and Manufacturing Company) in 1877 when he was 37, but he began his textile business journey at age 29 by visiting England to study textile industry. This marks his entry into textiles.
A
Correct answer
Explanation
India exports software services to approximately 90 countries worldwide, making it one of the largest software service exporters globally. This figure reflects India's dominant position in the IT and BPM industry, with major export markets including the USA, UK, Europe, and emerging markets across Asia, Africa, and Latin America.
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80 thousand
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1 billion people
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10 million people
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1 million people
D
Correct answer
Explanation
Indian Railways is indeed one of the world's largest employers, with approximately 1.3-1.4 million employees. This makes option D (1 million) the closest and most reasonable answer among the choices. Options A and C are too low, while 1 billion is impossibly high for any single organization.
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1000cr
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3000cr
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5000cr
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10000cr
B
Correct answer
Explanation
India produces approximately 3000 crore (30 billion) eggs annually, ranking among the world's largest egg-producing countries due to its significant poultry industry and high domestic consumption.
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Number of sole traders and rate of inflation
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Number and rate of unemployment
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Number of start-ups and rate of GDP growth
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Number of Twitter users and monthly website growth
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$ 24.4 Billion
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$32.4 Billion
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$43.4 Billion
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$ 30 Billion
B
Correct answer
Explanation
India received $32.4 billion in Foreign Direct Investment during the fiscal year 2007-08. This was a significant increase from previous years and reflected growing investor confidence in the Indian economy during that period.
A
Correct answer
Explanation
India is indeed the world's largest producer of milk, having surpassed the United States and other major dairy producers. This achievement is largely attributed to the White Revolution (Operation Flood) launched in the 1970s, which transformed India's dairy sector through cooperative movements.
C
Correct answer
Explanation
India ranks as the world's 9th largest automobile manufacturer by production volume. The country has a significant automotive industry with major manufacturers like Maruti Suzuki, Tata Motors, Mahindra, and others contributing to millions of vehicles annually.