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
A
Correct answer
Explanation
RBI placed India's GDP growth rate at 7.9% for the first quarter (April-June) of 2008-09. This was part of regular economic growth estimates released by the Reserve Bank of India. The question asks for the specific percentage, and 7.9% matches the data for that period.
B
Correct answer
Explanation
NASSCOM (National Association of Software and Service Companies) estimated the Indian animation industry would reach Rs. 5600 crore by 2012. This was part of growth projections for India's animation and gaming sector. The forecast looked ahead several years from when the statement was made.
C
Correct answer
Explanation
In 2008, India was ranked 11th in the world in military spending, behind countries like the United States, China, France, the United Kingdom, and Russia. This ranking reflected India's growing defense capabilities and strategic posture during that period. Military spending rankings are based on official defense budgets and published by international research organizations like SIPRI.
A
Correct answer
Explanation
In the mid-2000s, India ranked around 18th globally in broadband subscribers. This reflected both the growing adoption of high-speed internet in India and the significant lead that developed nations (US, Europe, East Asia) had in broadband infrastructure at that time.
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Compound Annual Growth Rate
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Complex Annual Growth Rate
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Compound Annual Gross Rate
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Compound Annual Growth Ratio
A
Correct answer
Explanation
CAGR stands for 'Compound Annual Growth Rate'. It's the mean annual growth rate of an investment over a specified period of time longer than one year, assuming compounding.
C
Correct answer
Explanation
By purchasing power parity (PPP), Mexico ranked as the 12th largest economy in the world during the late 2000s. This measurement considers GDP adjusted for local cost of living. Rankings can shift slightly by year and source.
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.
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second
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twelth
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seventh
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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.
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twelfth
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forth
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tenth
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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'.
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$ 1070
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$ 10700
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$ 10070
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$ 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).