Economics ยท 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
A
Correct answer
Explanation
According to World Bank data, India's GDP growth rate for 2008-09 was approximately 4%. This was during the global financial crisis period when growth had slowed significantly from the previous years' 9% growth.
A
Correct answer
Explanation
Indian Railways employs over 1.3 million people, making it one of the world's largest employers. While rankings can vary by year and measurement criteria, the statement is fundamentally correct.
A
Correct answer
Explanation
India produces more feature films annually than any other country, typically 1,500-2,000 films across multiple languages (Hindi, Tamil, Telugu, etc.). This exceeds Hollywood's output, making the statement true. The claim 'close to a thousand' is actually an underestimate - India produces well over that number.
-
second
-
twelth
-
seventh
-
twelfth
D
Correct answer
Explanation
India's nominal GDP (measured in current USD) ranks around 11th-12th globally. As of recent data, India is the 11th largest economy by nominal GDP, behind USA, China, Japan, Germany, France, UK, India, Italy, Brazil, Canada, Russia. The option 'twelfth' is a reasonable approximation, though 'twelth' is misspelled.
-
twelfth
-
forth
-
tenth
-
seventh
B
Correct answer
Explanation
India ranks 4th in the world by GDP PPP (Purchasing Power Parity), behind USA, China, and Japan. PPP adjusts for cost of living differences, making developing economies appear larger. India's PPP ranking is much higher than its nominal GDP ranking (around 11th). Note: 'forth' should be 'fourth'.
-
$ 1070
-
$ 10700
-
$ 10070
-
$ 17000
A
Correct answer
Explanation
India's nominal per capita income was approximately $1070 around 2013-2014. This figure reflects US dollar valuation without adjusting for purchasing power parity (PPP).
D
Correct answer
Explanation
Until the 18th century, India was the world's primary source of diamonds, producing nearly all of the world's supply. The discovery of diamond mines in Brazil in the 18th century ended this monopoly. The correct answer is 18th century (D).
C
Correct answer
Explanation
India achieved a GDP growth rate of 6.1% during April-June 2009, as reported by the Indian government. This was during the global financial crisis period when India's growth had slowed from the earlier 9% levels. The 8.5% figure represents pre-crisis growth, while 7.5% was the target for later periods.
D
Correct answer
Explanation
Tata Group exports products and services to 80 nations, demonstrating its significant international presence and global trade relationships across diverse markets worldwide.
B
Correct answer
Explanation
This question refers to Karnataka's poverty ratio according to specific survey data. The estimated figure of 17% matches available statistical reports for the state's poverty levels.
-
second
-
fifth
-
fourth
-
third
D
Correct answer
Explanation
India ranks as the third-largest producer of tobacco globally, after China and Brazil. Tobacco is an important commercial crop in India, grown mainly in states like Andhra Pradesh, Karnataka, Gujarat, and Tamil Nadu. India produces various tobacco types including Virginia tobacco and Natu tobacco. This tests knowledge of India's position in global agricultural production.
D
Correct answer
Explanation
This economics question asks about Tamil Nadu's GDP contribution ranking in India, with the claimed answer being 'fifth largest.' Tamil Nadu is indeed among India's top economic contributors, typically ranking fifth in GDP contribution. Major contributors include Maharashtra (first), Tamil Nadu, Uttar Pradesh, Karnataka, and Gujarat in varying orders depending on the year and measurement method. Tamil Nadu's economy is driven by manufacturing (automobiles, textiles), services (IT), and industry.
C
Correct answer
Explanation
Tamil Nadu is the 5th largest contributor to India's GDP, with major contributions from manufacturing, services, and agriculture sectors. Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, and Gujarat are typically among the top states by GDP contribution, with Tamil Nadu consistently ranking in the top five.