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 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 geography agriculture in india - ii : food crops wheat cultivation in india production of agricultural crops food crops in india

In wheat production, India's position in the world is __________.

  1. First

  2. Fifth

  3. Second

  4. Third
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
India's position in the world is Second.
China (134,340,630 tonnes)
India (98,510,000 Tonnes) ...
Russia (85,863,132 Tonnes) ...
United States (47,370,880 Tonnes) ...
France (36,924,938 Tonnes) ...
Australia (31,818,744 Tonnes) ...
Canada (29,984,200 Tonnes) ...
Pakistan (26,674,000 Tonnes) ...
Multiple choice geography manufacturing industries in india - ii : mineral-based distribution of major industries automobile and electronic industries electronic, heavy and petrochemical industries in india

The growth of automobile industry in India is _____.

  1. Just before the independence

  2. Only after the independence

  3. Only after the 2014

  4. Begun in medieval era
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The automobile industry in India is the tenth largest in the world with an annual production of approximately 2 million units. After independence, the Government of India and the private sector launched efforts to create an automotive-component manufacturing industry to supply to the automobile industry. 

Multiple choice evs wonderful world of bholu aquatic habitat life inside water animal and habitat animals- nature's gift food material and source

India is the largest exporter of ............... to the world.

  1. Milk and butter

  2. Meat and eggs

  3. Hides and skin

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

Common commercial hides include leather from cattle and other livestock animals, alligator skin and snake skin. All are used for shoes, clothes and other fashion accessories. Animal hides are stretched, dried, and tanned. Most hides are processed from domesticated animals. India is the largest exporter of hides and skin to the world.

Therefore, the correct answer is option C.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

____ Indian Aspiration Fund was launched by ___ in August 2015 to boost the start-up funds ecosystem in the country.

  1. Rs. 5,000 Crore; IDBI

  2. Rs. 2,000 Crore; SIDBI

  3. Rs. 2,000 Crore; RBI

  4. Rs. 3,500 Crore; ICICI
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In order to boost the startup ecosystem in the country, finance minister Arun Jaitley has announced the launch of India Aspiration Fund (IAF) with an initial corpus of Rs. 2,000 crore. IAF is managed by Small Industries Development Bank of India (SIDBI) for promotion, financing and development of micro, small and medium enterprises (MSME) sector.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Out of the following estimators whose estimation was nearly significant on per capita income during the British colonial period?

  1. VKRV Rao

  2. William Digby

  3. RC Desai

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

Vijayendra Kasturi Ranga Varadaraja Rao (8 July 1908 – 25 July 1991) was an Indian economist, politician and educator from Tamil Nadu. Rao applied pure scientific exercise in the estimation of National Income. This was his unique achievement at that time and gave credibility to his work over the years he became more and more assertive on the analytical limitations of inter-country comparisons of national and per capita income.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Match the following:

A B
1. RBI 1. Increase in CRR
2. Inflation 2. Factor of production
3. Elasticity 3. Central Bank
4. Labour 4. Responsiveness to change

  1. (1,4) (2,3) (3,2) (4,1)

  2. (1,2) (2,3) (3,4) (4,1)

  3. (1,4) (2,2) (3,4) (4,3)

  4. (1,3), (2,1), (3,4), (4,2)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
1) Reserve Bank Of India is the only Central bank of India. It is the apex bank.
2) In order to check Inflation, that is, rising general level of prices, cash reserve ration is increased by the central bank to reduce the credit creation capacity of the commercial banks.
3) Elasticity is the term which means responsiveness to change. For example, elasticity of demand refers to the ratio of the proportionate change in quantity demanded of a product to the proportionate change in the price of the product.
4) Labour is a factor of production. Labour is known as the human efforts which help to produce goods and services in an economy.
Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Which of the following statements is true of agriculture in Indian economy between 1973 and 2003? 

  1. The sectoral share of agriculture in employment has decreased far more than its share in total output.

  2. The sectoral share of agriculture in total output has decreased, but its share in employment has increased.

  3. The sectoral share of agriculture in total output had increased, but its share in employment had decreased.

  4. The sectoral share of agriculture in output has decreased far more than its share in total employment
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Over the thirty years between 1973 and 2003, while production in all the three sectors has increased, it has increased the most in the tertiary sector. Since this sector generates services rather than goods, the share in total employment increased.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

What was India's aggregate real output during the first half of the twentieth century?

  1. 4%

  2. 2.5%

  3. Less than 2%

  4. 3%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

What was India's growth of per capita year output during the first half of the twentieth century? 

  1. 0.5%

  2. 1%

  3. 2%

  4. 1.25%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a mere half per cent growth in per capita output per year.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Indian economy is ________.

  1. labour surplus

  2. going through a lean phase

  3. capital intensive

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

India is one of the most populous countries in the world. Labour is available at a high rate in India, thus, Indian economy is labour surplus and for production mechanism more labour intensive methods are used.