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 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.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

In January 2018, Government of India allowed _____ per cent FDI in single brand retail through automatic route

  1. 40

  2. 51

  3. 60

  4. 100
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

In terms of services Gross Value Added, India ranked 13th as of ______.

  1. 2015

  2. 2016

  3. 2017

  4. 2018
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India accounts for 7.68 percent of total global agricultural output. GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%).

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

In 1950-51, India's total exports stood at _______________.

  1. Rs.201 crores

  2. Rs.301 crores

  3. Rs.606 crores

  4. Rs.701 crores
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Historical economic data for India indicates that total exports in 1950-51 were valued at approximately Rs. 606 crores.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

The total value of India's international trade in 1995-96 was _________.

  1. Rs. 2,29,031 crores

  2. Rs. 28,110 crores

  3. Rs. 110 crores

  4. Rs. 1,18,110 crores
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The indian international trade consisited of exports of  1,06,353 crore and imports of 1,22,678 crore which sums up to 2,29,031 crores.

The figures of imports and exports went up due to the following :
  1. Liberalization : The act of liberaization gave the businessman to export goods and services and import new technologies which were diffcult to gain earlier.
  2. Privatization : The privatization played a very important role in increasing these figures of import and export . privatization increased the efficiency of the companies and made ease in the business licensing process which lead to imports and exports on higher pace.
  3. Globalization : The act of globalization had a huge contribution in imports and exports . The indian economy got connected to world economy,which helped to reach at level where the imports and exports are today.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

In 1995-96, India's total exports have increased to ___________.

  1. Rs. 605 crores

  2. Rs. 1,06353 crores

  3. Rs. 2,06,465 crores

  4. Rs. 5,60,465 crores
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The exports of the financial year 1995-96 was 1,06,353  crore its was due to several reasons like:

  1. Export policies : The policies which were introduced during the period were favourable to exporters.
  2. Support from the financial institutions : financial institutions like EXIM (export import bank of india) also provided financial assistance to exporters and tried to export goods, services etc to foriegn countries.
  3. Privatization : the most important reason the exports increased was private companies, delicensing etc which influenced the people to manufacture products and services and export to foriegn countries.
This were the reasons why the exports in the year 1995-96 went high.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Upto 1966, India's share in the world export was ______________.

  1. 1 percent

  2. 10 per cent

  3. 12 per cent

  4. 15 per cent
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's share in world exports was approximately 1 percent up until 1966, reflecting the country's limited integration into the global market at that time.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

What was the growth rate of export in India in 1993-94?

  1. 10 per cent

  2. 15 per cent

  3. 21 per cent

  4. 28 per cent
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the 1993-94 fiscal year, India's export growth rate was recorded at approximately 21 percent. This was a significant period of economic reform following the 1991 liberalization policies.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

India holds the ________ position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.

  1. 1st

  2. 2nd

  3. 10th

  4. 22nd
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India holds the 1st  position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

India's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to ________  in 2003-04.

  1. Rs 2,34,500

  2. Rs 1.23,400

  3. Rs. 5,45,500

  4. Rs. 1,51,406
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to rs. 1,51,4406 in 2003-2004.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

India's foreign trade in goods has increased by ___________ times over the last five decades.

  1. 100

  2. 130

  3. 400

  4. 480
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's foreign trade in goods has increased by 480 times over the last five decades due to the various changes in the international trade regulations and trade blocs that enhance the trading into the international markets.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

India accounts for ______  per cent of world exports.

  1. 0.8

  2. 1.4

  3. 0.3

  4. 9.03
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent).

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

India's performance appears very satisfactory in terms of international comparison.

  1. True

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

International comparisons, or national evaluation indicators, focus on the quantitative, qualitative, and evaluative analysis of one country in relation to others.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to ________ per cent in 2003-04.

  1. 33.3

  2. 27.4

  3. 24.1

  4. 32.3
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to 24.1% in 2003-2004.