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 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 has been more successful in controlling population growth than China.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

China implemented strict population control measures, such as the one-child policy, making it more successful in controlling population growth than India.

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

Incidence of poverty fell to _____ in 2013 from 31% in 1990 in China.

  1. 12%

  2. 8%

  3. 25%

  4. 18%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Poverty refers mainly to the rural poor, as decades of financial expansion have mainly eradicated urban poverty. The remarkable progress in falling poverty over the past three decades in China is well known. 

According to the Bank, more than 850 million Chinese people have been raised out of great poverty China's poverty rate clear-cut from 88 per cent in 1981 to 0.7 per cent. 

In 2015, as calculated by the fraction of people living on the correspondent of US$1.90 or less per day in 2011 purchasing price parity terms. 

China scarcity rate for 2013 was 36.30%, a 8% decline from 2012. 

The correct answer is B.

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

Higher HDI ranking of China as compared to India can be majorly accredited to _____________.

  1. higher GDP per capita

  2. higher literacy rates

  3. lower population

  4. higher life expectancy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Gross domestic product is a strong indicator of a country economic performance and strength. It is measured by the added value of all final goods and service produced in a country economic performance and strength. 

Also, it is measured by the added value of all final goods and services produced in a country during a specific time period. Gross domestic product per capita is from time to time used to explain the standard of living of a population with an advanced GDP importance a higher standard of living.

The correct answer is A.

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 ranked ____, while India ranked ___ out of 187 countries in HDI for the year 2014.

  1. 75, 140

  2. 89, 126

  3. 91, 135

  4. 100, 135

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

China ranked 91 while India ranked 135 out of 187 countries in HDI for the year 2014. India HDI price for 2014 is 0.609 which put the nation in the average individual growth group, position it at 130 out of 188 country and territory. 

The HDI is a synopsis extent of essential accomplishment level in human development. The health HDI is measured by the life expectancy as calculated at the time of birth in each country. 

China has become a country with a high level of human development making it the only country since 1990 to emerge from a low development level.

The correct answer is C.

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%.