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
B
Correct answer
Explanation
According to UNDP's Human Development Report 2006, India ranked 126th out of 177 countries on the Human Development Index. The HDI measures life expectancy, education, and standard of living. India's ranking reflected development challenges despite economic growth.
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Only I and II are correct
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Only I and III are correct
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Only II and III are correct
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All are correct
D
Correct answer
Explanation
All three statements about India's Human Development Index (HDI) in 2007 are factually correct. India ranked 128th (down two places from 126), ranked 62nd on the poverty index among developing countries, and had an HDI of 0.619 which was above South Asia's average (0.611) but below the developing countries' average (0.691).
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been constant
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shown a decreasing trend
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shown an increasing trend
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been fluctuating
C
Correct answer
Explanation
The tertiary sector (services) has shown consistent growth in India's GDP since 1980 due to economic liberalization and structural transformation. The constant option is incorrect because India's economy has undergone significant shifts from agriculture to services. The decreasing and fluctuating options don't reflect the actual trend of service sector dominance in post-1980 India.
D
Correct answer
Explanation
With 858.37 million subscribers out of India's approximately 1.2 billion population in 2011, the mobile penetration rate comes to about 70%. This calculation represents the proportion of population with mobile subscriptions, reflecting the rapid expansion of telecom access during that period.
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second
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third
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fourth
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fifth
C
Correct answer
Explanation
The Indian pharmaceutical industry was ranked as the world's fourth largest by volume in 2011, producing huge quantities of generic drugs. This leadership in generic manufacturing established India as the 'pharmacy of the developing world', though by value it ranked lower.
B
Correct answer
Explanation
All are in the field of IT outsourcing and the other 2 are from Taiwan
B
Correct answer
Explanation
India's agriculture sector contributes around 18-22% to GDP depending on the year and measurement methodology. Among the options given, 22% represents the approximate contribution when this question was framed. However, it has declined to about 15-18% in recent years.
C
Correct answer
Explanation
Bharati Airtel launched its 3.5G (HSPA+) network in Sri Lanka in 2009, making option C correct. 3.5G represents an enhancement over basic 3G, offering faster data speeds. The company entered the Sri Lankan market with this advanced network technology. 2.5G was older technology (GPRS/EDGE), and 4G came later.
B
Correct answer
Explanation
India's export share in total world trade was approximately 1.3% in 2009.
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guts
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resource
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momentum
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wherewithal
D
Correct answer
Explanation
Wherewithal is the necessary means. It is the correct answer as it represents all the necessary aids required.
Guts is fortitude and determination. It is used with living things so is not the correct answer.
Resouce is the source of support or aid. Resource is in a singular form hence is not the correct option.
Momentum is an impelling force or strength hence is not the correct option.
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3.72 lakh tonnes
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5.87 lakh tonnes
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8.17 lakh tonnes
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10.41 lakh tonnes
C
Correct answer
Explanation
India's rubber production declined 7.3 per cent in 2009. The rubber production is expected to rise to 8.53 lakh tonnes in 2010 from the estimated 8.17 lakh tonnes in 2009.
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I only
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I and II only
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I and III only
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II and III only
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I, II and III
E
Correct answer
Explanation
The United States was the world's biggest arms supplier while China and India were the biggest importers of conventional weapons, according to data released by the Stockholm International Peace Research Institute (SIPRI) on March 15, 2010. The US remains the biggest arms supplier, accounting for 30 per cent of weapons exports. The main recipients of American weapons were South Korea, the United Arab Emirates and Israel.
World military expenditure is estimated to have been $1531 billion in 2009, a real-terms increase of 6 per cent over 2008. This corresponded to 2.7 per cent of world gross domestic product (GDP) and $224 for each person in the world.
The USA's military spending accounted for 43 per cent of the world total in 2009, followed by China with 6.6 per cent, France with 4.2 per cent and the UK with 3.8 per cent.
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1 lakh
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5 lakh
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10 lakh
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20 lakh
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25 lakh
C
Correct answer
Explanation
Maruti Suzuki India (MSI) has joined the league of carmakers producing one million or more units a year on March 23, 2010. Suzuki Motor Corp Chairman Osamu Suzuki was present to see the roll-out of the one millionth vehicle - a red-coloured Swift.
Toyota, General Motors, Volkswagen, Ford, Honda, Renault, Hyundai, Suzuki and Nissan are among those who boast of production of a million units or more every year.
The first 'Maruti 800' was rolled out from Maruti's Gurgaon plant in December 14, 1983.
In this period, the company has also seen internal changes. From being a joint venture - Maruti Udyog Ltd - between the government and Japan's Suzuki Motor Corp with the latter holding a minority stake of 26 per cent, it is now controlled by the Japanese firm. With it, its name has also been changed to Maruti Suzuki India.