Economics · General Awareness
Indian Economy Statistics
976 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
A
Correct answer
Explanation
According to the Economic Survey 2008-09, India's share in world exports was approximately 1.1% in 2008. This reflected India's position as an emerging but still relatively small player in global merchandise trade at that time.
C
Correct answer
Explanation
Foreign Direct Investment inflow in India rose to 40.1% in August 2009, reflecting strong investor confidence during the post-2008 financial crisis recovery period. This was a significant increase compared to previous months. The 15.7% and 31.3% options are too low, while 44.6% exceeds the actual August 2009 figure.
A
Correct answer
Explanation
India is the world's largest producer of dairy products, primarily due to having the largest cattle population. The country leads in milk production, surpassing traditional dairy leaders like the United States and European Union.
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First
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Second
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Fifth
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Seventh
B
Correct answer
Explanation
India is the second-largest producer of cotton in the world, after China. Cotton is a major cash crop in India, and the country has a significant textile industry that relies on domestic cotton production.
B
Correct answer
Explanation
India has the second-largest mobile market in the world by number of subscribers, after China. With over a billion mobile users, India's telecommunications sector is one of the largest globally.
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1.15 billion
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0.9 billion
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1.2 billion
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1.19 billion
D
Correct answer
Explanation
The stored answer 1.19 billion reflects India's population around 2010-2011. While the current population is higher (over 1.4 billion), 1.19 billion is the specific figure intended based on the provided options and historical context of the question.
B
Correct answer
Explanation
India's Cabinet approved raising FDI (Foreign Direct Investment) limit in insurance from 26% to 49%. This decision was part of economic reforms to attract more foreign investment. The question specifically asks about the FDI cap increase, making 49% the correct answer.
A
Correct answer
Explanation
RBI placed India's GDP growth rate at 7.9% for the first quarter (April-June) of 2008-09. This was part of regular economic growth estimates released by the Reserve Bank of India. The question asks for the specific percentage, and 7.9% matches the data for that period.
B
Correct answer
Explanation
NASSCOM (National Association of Software and Service Companies) estimated the Indian animation industry would reach Rs. 5600 crore by 2012. This was part of growth projections for India's animation and gaming sector. The forecast looked ahead several years from when the statement was made.
A
Correct answer
Explanation
In the mid-2000s, India ranked around 18th globally in broadband subscribers. This reflected both the growing adoption of high-speed internet in India and the significant lead that developed nations (US, Europe, East Asia) had in broadband infrastructure at that time.
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Compound Annual Growth Rate
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Complex Annual Growth Rate
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Compound Annual Gross Rate
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Compound Annual Growth Ratio
A
Correct answer
Explanation
CAGR stands for 'Compound Annual Growth Rate'. It's the mean annual growth rate of an investment over a specified period of time longer than one year, assuming compounding.
C
Correct answer
Explanation
By purchasing power parity (PPP), Mexico ranked as the 12th largest economy in the world during the late 2000s. This measurement considers GDP adjusted for local cost of living. Rankings can shift slightly by year and source.