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 economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Infrastructure investment in China was around ______ of GDP compared to ______ of India in 2010-11.

  1. 20%, 14%

  2. 11%, 6%

  3. 16%, 4%

  4. 3%, 7%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Data from the 2010-11 period indicates that China invested roughly 11% of its GDP in infrastructure, while India invested about 6%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China occupied _______ rank in terms of inflow of FDI as compared to $9^{th}$ rank of India.

  1. $7^{th}$
  2. $4^{th}$
  3. $2^{nd}$
  4. $10^{th}$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

China's massive FDI inflow consistently ranked it as the second-largest recipient globally during the relevant period, while India ranked ninth.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China's average rate of growth in foreign trade was at _______ per year in in 2014.

  1. 26%

  2. 15%

  3. 32%

  4. 12%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statistical records for China's foreign trade growth during the early 2010s indicate an average annual growth rate of approximately 26%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China's GDP grew at an average of ________ during 1979-2014.

  1. 10.4%

  2. 7.6%

  3. 9.3%

  4. 9.8%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

During the period of rapid economic growth following the 1978 reforms, China maintained an average annual GDP growth rate of approximately 9.8%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The share of industrial sector in GDP of China rose from 14% in 1979 to ______ in 2014.

  1. 26%

  2. 43%

  3. 32%

  4. 19%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

China's industrial sector grew significantly as a share of GDP, reaching approximately 43% by 2014, reflecting its transition into a global manufacturing hub.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China achieved an average annual growth rate of __________ during the pre-reform period.

  1. 3.2%

  2. 6.9%

  3. 5.3%

  4. 7.2%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

During the pre-reform period (1952-1978), China's economy grew at a more moderate pace, with an average annual growth rate of about 5.3%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

As per international poverty data, population below poverty line in India was at _______ in comparison to 11.2% in China in 2011-12.

  1. 35%

  2. 21.7%

  3. 31.4%

  4. 18.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In 2011-12, international poverty statistics showed that India had a significantly higher percentage of its population below the poverty line compared to China.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The rate of domestic savings in China rose from 32% in 1979 to ______ in 2014.

  1. 36%

  2. 39%

  3. 45%

  4. 49%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

China's domestic savings rate increased dramatically as the economy grew, reaching nearly 49% by 2014, which fueled high levels of investment.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

India took _______ years to double its GDP prior to economic reforms, while GDP doubled in _______ years after economic reforms.

  1. 12, 7

  2. 15, 8

  3. 16, 12

  4. 22, 10
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Economic reforms in India accelerated growth, reducing the time required to double GDP from 16 years to 12 years.

Multiple choice social science government budget and taxation indian taxation system taxation : need, principles and importance tax and its importance

According to 2009-10 data, the percentage contribution of non-tax revenue to the total revenue of the central and GDP was ______.

  1. 22% and 3% respectively

  2. 22% and 2% respectively

  3. 2% and 22% respectively

  4. 3% and 22% respectively
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to 2009-10 data, the percentage contribution of non-tax revenue to the total revenue of the central is 22%. Contribution of non-tax revenue to the total GDP is 3%. 

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Globalisation of the Indian economy has not adversely impacted ____ .

  1. workers in the unorganised sector

  2. workers in call centres

  3. workers in small scale manufacturing units

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

Due to new communication technologies, one of the biggest trends is to move call centres offshore to the global south to countries such as India where labour is cheap and the employees speak English. 80% of call centres in India cater to the international market. This industry in India is the result of globalisation since there were no domestic call centres in India prior to the international call centres. It is estimated that the Indian call centre industry now employs 1.2 million people for both inbound and outbound customer service.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Agriculture accounts for about _____of the total value of the country's exports.

  1. 10%

  2. 20%

  3. 15%

  4. 25%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agriculture is the bedrock of Indian economy where farm rather than factories have been the mainstay of masses. In addition, it accounts for 10 per cent of the country’s exports lending a helping hand in earning valuable foreign exchange. The impressive achievements of this sector have been the joint efforts of the farming community and agricultural scientists, marketing professionals and the public and cooperative sectors.