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 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 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 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)

Who among the following people attempted to estimate India's per-capita income?

  1. Dadabhai Naoroji

  2. William DIgby

  3. R.C Desai

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

The Indian economists Dadabhai Naoroji, V.K.R.V. Rao, R.C. Desai and British Findlay Shirras and William Digby attempted to measure India's national income. Among all, V.K.R.V. Rao was the most successful.

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.

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 correct?

  1. Agriculture occupies $10$ per cent population of India.
  2. Nearly $5$ per cent population of India is below the poverty line.

  3. The production techniques used in India are backward.

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

The statement regarding production techniques is correct. The reason being that production techniques are backward in an underdeveloped economy. Others are incorrect because agriculture occupies $53.2$% (in $2009-10)$ population of India and nearly $29.8$% population of India is below the poverty line in $2009-10$.

Multiple choice economic development & planning concept of development economics

Globally India ranks in ______________________.

  1. third position with 4,200 Start-ups

  2. fourth position with 4,200 Start-ups

  3. second position with 4,500 Start-ups

  4. fifth position with 4,800 Start-ups
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Globally India ranks in third position with 42000 start ups. The start-up schemes provide loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. The start-up helps to promote the culture of innovation and entrepreneurship in India. It also promotes economic growth and development.

Multiple choice economic development & planning concept of development economics

Digital Dividend was the title of the World Development Report for the year ________.

  1. 2014

  2. 2016

  3. 2015

  4. 2012
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

International Bank for Reconstruction and Development ( IBRD) or the World Bank publishes the World Development Report every year. The criterion used for preparation is per capita income. 

World Development Report, 2016 was published on January 14th, 2016. The title of the report for this year was “Digital Dividend”. The title was given as, it explores the impact of various technologies in the development of the economy.

Thus, the correct answer is B.