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

Multiple choice population change population dynamics population : distribution, density and growth population, migration, settlements geography

The service sector in India now accounts for ________.

  1. more than 80 percent of GDP

  2. more than 70 percent of GDP

  3. more than 50 percent of GDP

  4. more than 90 percent of GDP
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The tertiary sector covers those activities that aid the primary and secondary sectors. It provides services rather than goods and hence, it is also called the service sector. E.g. transportation, education services, telephone, information technology, banking, health services etc.

  • Its Share in India’s GDP is about 55%.

Multiple choice population change population dynamics population : distribution, density and growth population, migration, settlements geography

Over the years, birth rate in India has ____ and death rate has ___.

  1. Fallen, fallen

  2. Risen, fallen

  3. Risen, risen

  4. Fallen, risen
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Growth of population refers to the change in the number of inhabitants of a country/territory during a specific period of time, say during the last ten years. Till 1980, high birth rates and declining death rates led to a large difference between birth rates and death rates resulting in higher rates of population growth. Since 1981, birth rates have also started declining gradually, resulting in a gradual decline in the rate of population growth.

Multiple choice social science index number value and price important index numbers price rise/inflation

In India, inflation is measured through __________.

  1. Consumer Price Index

  2. Producer Price Index

  3. Wholesale Price Index

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities.

The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.

Multiple choice social science index number value and price important index numbers price rise/inflation

The CPI for industrial workers and agricultural labourers are published by ______.

  1. Labour Bureau, Shimla

  2. CSO

  3. NFRA

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

In India, the Labour Bureau, which is part of the Ministry of Labour and Employment, is responsible for compiling and publishing the CPI for industrial workers and agricultural/rural labourers.

Multiple choice commerce goods and services tax goods and service tax study of gst goods and services tax (gst)

In India tax evasion is high at:

  1. 20 %

  2. 15%

  3. 30%

  4. 18%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
India's top tax rate is currently 30 per cent. But it is not just the rich evading their taxes. Less than 3 per cent of Indians file income-tax returns at all, and officials said only about 1.5 million taxpayers claim they earn more than one million rupees per year. In the current year, of the 76 lakh individual assesses who declared income of above Rs 5 lakh, 56 lakh are in the salaried class.
Multiple choice civics direct taxes black money and tax evasion meaning of tax public revenue : direct and indirect taxes income tax

The year which is known as the year of great divide:

  1. 1911

  2. 1901

  3. 1921

  4. 1987
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Prior to 1921, the course of population growth was undulating (several ups and downs, mainly because of mortality differentials). During 1911–1921, India experienced negative growth rate in her population.

After 1921, Mortality has started declining as a result of improvement in public heath measures while, fertility remain unchanged. Which caused a continuous and rapid increase in population growth rate in upcoming decades.

Hence, 1921 was the year when India moved from stage 1 to stage 2 of demographic transition.
Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What was the contribution of service sector to the Gross State Domestic Product in Maharashtra during 2017-18?

  1. 34.5 %

  2. 44.5 %

  3. 54.5 %

  4. 64.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Service Sector is the largest employment generating and fastest growing sector of the state economy. The contribution of service sector to the Gross State Domestic Product (GSDP) has been highest compared to other sectors in the economy. It was 54.5 % during 2017-18.

Multiple choice geography agriculture in india - i : introduction agricultural policy in india indian agriculture problem and policies problems of indian agriculture

After imposition of ceilings on the land-holdings in India, the total surplus are distributed. It has been of the order of _______.

  1. $2.18$ million hectares
  2. $2.98$ million hectares
  3. $5.58$ million hectares
  4. $10$ million hectares
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

After imposition of ceilings on the landholding in India, it is estimated that 2.98 million hectares of land had been declared surplus of which 2.18 million hectares has been distributed to 5.58 million beneficiaries.

Multiple choice organisation of commerce and management tertiary and quaternary economic activities trading and economic organisations india and her neighbours india and other countries

The total value of annual export from India comes to about ______________.

  1. Rs. $22,003$ crore
  2. Rs. $32,500$ crore
  3. Rs. $44,000$ crore
  4. Rs. $57,800$ crore
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is a specific historical statistic regarding India's annual exports, which was cited in older textbooks as Rs. 44,000 crore.

Multiple choice economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

Select the incorrect one/ones about the Agricultural Census in India, using the code given below:
1. Agricultural Census, undertaken by the Ministry of Agriculture, takes place in India after every four years.
2. A partially sponsored scheme of Center primary (fresh data) and secondary (already published) data on structure of Indian agriculture are collected under this operation with the help of State Governments. 

  1. Only 1

  2. Only 2

  3. 1 and 2

  4. Neither 1 nor 2
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Census takes place after every five years-the first Agricultural Census in the country was conducted with refernce year 1970-71. Agriculturall Census is carried out as a Centerl Secoter Schrme under which. 100 per cent financial assistance is provided to States/Union Territories. Agricultural Census operation is carried out in three phases. During Phase-I, a list of all holdings with data on area, gender and social group of the holder is prepared with the help of listing schedule. During Phase-II detailed data on tenancy, land use,