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

In terms of value, India is the largest exporter of

  1. textiles

  2. gems and jewellery

  3. engineering goods

  4. agricultural production
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Gems and jewellery have consistently been one of India's top export categories by value, often ranking first during the 1990s and early 2000s due to the high value of diamonds and gold items.

Multiple choice

From 1991 on, standard of living in India has risen, but inflation and crime too.

  1. but inflation and crime too

  2. and also inflation and crime

  3. but so have inflation and crime

  4. and so also inflation and crime

  5. but so did inflation and crime
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The non-underlined part of the sentence uses present perfect tense which should also be used in the correct option to maintain parallelism. Hence (3)

Multiple choice

Indian productivity is declining in relation to China’s; the energy expended per unit of production in India is as much as twice that expended in China.

  1. as much as twice that expended in China

  2. as much as twice that of China’s expenditure

  3. up to two times of China’s expenditure

  4. up to two times what China expended

  5. up to double the Chinese expenditure
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The question seeks to compare the energy expended by India with the energy expended by China. In options (2), (3) and (5), the energy is compared with the Chinese expenditure which is incorrect. Option (4) is incorrect because of its poor grammatical structure. Hence (1).

Multiple choice

Which among the following is not true about India's economic growth in the second quarter of fiscal year 2004-05?

  1. The growth slowed down to 6.6% in the second quarter (July-September) of 2004-05, from 7.4% in the previous quarter.

  2. Agriculture sector registered a negative growth

  3. Manufacturing sector also brought lower growth rate

  4. All of the above are true
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the second quarter of 2004-05, India's manufacturing sector actually experienced strong growth (around 9.3%), which was higher than the previous quarter. The overall economic slowdown was caused by negative growth in the agriculture sector.

Multiple choice

According to the National Dairy Producers Union, per-capita consumption of milk in India, which has already been approaching 3 litres a year, will achieve 5 litres a year by the middle of this century.

  1. According to the National Dairy Producers Union, per-capita consumption of milk in India, which has already been approaching 3 litres a year, will achieve 5 litres a year by the middle of this century.

  2. Already approaching 3 litres a year in India, the National Dairy Producers Union predicts that per-capita consumption of milk will reach 5 litres a year by the middle of this century.

  3. The National Dairy Producers Union predicts by the middle of this century that per-capita consumption of milk in India, which is already approaching 3 litres a year, will reach 5 litres a year.

  4. By the middle of this century, the National Dairy Producers Union predicts that per-capita consumption of milk in India, having already approached 3 litres a year, will reach 5 litres a year.

  5. According to the National Dairy Producers Union, per-capita consumption of milk in India is already approaching 3 litres a year and will reach 5 litres a year by the middle of this century.
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

In option (1) 'which' modifies ‘India’ and is, hence, incorrect. In option (2) 'Already approaching.....' modifies ‘National Dairy Producers Union’ and is, hence, incorrect. Options (3) and (4) change the meaning and state that the prediction itself was made in this century which is not correct according to the context.  Hence (5).

Multiple choice

For attaining 9% growth rate during 11th plan, investment level has been estimated to be

  1. 20% of GDP

  2. 25% of GDP

  3. 30% of GDP

  4. 35% of GDP
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Eleventh Five Year Plan aimed for an average growth rate of 9 percent. To sustain this, the Planning Commission estimated that the investment rate needed to reach 35 percent of the GDP. This was a significant increase from previous plan periods and required high levels of domestic savings and foreign investment.

Multiple choice

In UNCTAD' s Trade and Development Index (TDI) India has been placed at_______ rank among 123 nations.

  1. 100th

  2. 88th

  3. 86th

  4. 82nd
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the 2007 UNCTAD Trade and Development Index (TDI), India was ranked 86th out of 123 nations. This index evaluates the complex interactions between trade and development across various countries. The ranking reflects India's economic standing and trade infrastructure during that specific period.