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 food security in india components of food security government measures for food security important index numbers

In India, the Public Distribution System is related to _______.

  1. Distribution of money

  2. Distribution of health care

  3. Distribution of education

  4. Distribution of food grains
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Major commodities distributed under public distribution system include staple food grains, such as wheat, rice, sugar, and kerosene, through a network of fair price shops. Food Corporation of India, a Government-owned corporation, procures foodgrains and maintains the PDS.

Multiple choice business mathematics and statistics introduction to index number introduction to index numbers index numbers applied statistics

A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the

  1. physical volume index

  2. time index

  3. Index of Industrial Production and Capacity Utilization

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

A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the Index of Industrial Production and Capacity Utilization.

Multiple choice elements of business sources of business finance - 1 classification & choice of sources of funds classification of sources of finance owned funds and borrowed funds

SSI Sector contributes __________ of the Indian Exports.

  1. $25\% - 30\%$
  2. $15\% - 20\%$
  3. $45\% - 50\%$
  4. $95\% - 100\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SSI Sector contributes 45-50% of the Indian Exports. SSI stands for Small Scale Industry. Small scale industries refer to those industries where production process is carried on a small scale or micro scale.

Multiple choice economics rural development in india basics of rural development meaning and importance of rural development agriculture sector

Which of the following statements about the Indian economy in the last decade is not correct?

  1. The economy of India is the fourth largest in the world with GDP of about four trillion USD at Purchasing Power Parity (PPP).

  2. Agriculture, which was a major concern for the growth of the economy, is now growing at an average of 7% per annum.

  3. A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves.

  4. India has emerged as a global leader in software and business process outsourcing.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Agriculture in India has historically grown at a much lower rate, typically around 3-4% per annum, rather than 7%. The other statements regarding India's GDP ranking, BOP position, and software leadership are generally accurate descriptions of the Indian economy in the last decade.

Multiple choice economics rural development in india basics of rural development meaning and importance of rural development agriculture sector

Agricultural sector contributes nearly _______of GDP in India.

  1. 25%

  2. 36%

  3. 50%

  4. 10%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

While the contribution of agriculture to GDP has declined over time, it historically hovered around 25% during the period this question likely refers to. Modern figures are lower, but 25% is the standard textbook answer for this context.

Multiple choice rural development poverty rural economics economics

India's basic problem is relative poverty.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India's primary poverty challenge is absolute poverty, which refers to the inability to afford basic necessities, rather than relative poverty, which compares income levels within a society.

Multiple choice rural development poverty rural economics economics

In India, the problem of Relative Poverty is very high.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

While relative poverty exists, India's primary and most urgent poverty challenge is absolute poverty, which is the lack of basic necessities for survival.

Multiple choice rural development poverty rural economics economics

Fill in the blanks from the alternatives given.
According to 1999 - 2000 prices, ________ % of India's population lived below poverty line.

  1. 26.1

  2. 38.4

  3. 68.4

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The official estimate for the percentage of the population living below the poverty line in 1999-2000 was 26.1 percent.

Multiple choice geography crafts and industries development of industries in india traditional crafts and decline of indian industries impact of british rule on kerala

Which is the largest sponge iron producer in the world?

  1. Algeria

  2. India

  3. Sri Lanka

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

The process of sponge iron manufacturing involves removal of oxygen from iron ore. When that happens, the departing oxygen causes micro pores in the ore body, turning it porous. When the eventual product is observed under a microscope, it resembles a honeycomb structure, which looks spongy in texture. Hence the name sponge iron. India ranked first in 2013 by producing 18.679 tons of sponge iron. India is the world's largest producer of sponge iron, most of which is produced primarily through the coal-based method of production.

Multiple choice general knowledge resources of india and world animal husbandry and fishery green and white revolution agriculture in indian economy

Consider the following statements
1. India is the only country in the world producing all the five known commercial varieties of silk.
2. India is the largest producer of sugar in the world.
Which of the statements given above is/are correct?

  1. Only 1

  2. Only 2

  3. Both 1 and 2

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

India is indeed the only country producing all five commercial silks (Mulberry, Eri, Muga, Tropical Tasar, and Temperate Tasar). However, Brazil is the largest producer of sugar, not India.

Multiple choice general knowledge resources of india and world animal husbandry and fishery green and white revolution agriculture in indian economy

Consider the following statements.
1. India is the only country in the world producing all the five known commercial varieties of silk.
2. India is the largest producer of sugar in the world.
Which of the statements given above is/are correct?

  1. Only 1

  2. Only 2

  3. Both 1 and 2

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

India is indeed the only country producing all five commercial silks (mulberry, eri, muga, tropical tasar, and oak tasar). However, Brazil is currently the world's largest sugar producer, not India.

Multiple choice social science poverty : challenge facing india programmes for poverty eradication poverty as a challenge poverty: an economic challenge for india public health and the government constraints in economic development of rajasthan

The UN Development Report of 2014 states that India has largest number of poor people, with about __________ of the world's extreme poor residing in India. 

  1. 38%

  2. half

  3. one-third

  4. 47%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The 2014 UN Development Report highlighted that India accounted for approximately one-third of the world's extreme poor population at that time.

Multiple choice social science poverty : challenge facing india programmes for poverty eradication poverty as a challenge poverty: an economic challenge for india public health and the government constraints in economic development of rajasthan

The population of India living below the poverty line ____________.

  1. is rising in relative and absolute terms

  2. is falling in relative terms but rising in absolute terms

  3. is falling in both relative and absolute terms

  4. has not changed at all over the years
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Till the mid-eighties the population of India living below the poverty line was declining in relative terms but increasing in absolute terms but now it is declining in absolute term also.