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 economics dynamic of human development development indices various development indexes social development

Fill in the blanks from the alternatives given.
The annual growth rate of population in India is ______ per annum.

  1. 2.2%

  2. 4.2%

  3. 3.2%

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

Population Growth refers to the increase in the number of individuals within a population. The annual growth in population occurs because of medical advances, lower mortality rates. Moreover, an increase in agricultural productivity leads to population increase. The annual growth rate of population in India is 2.2% per annum.

Thus, the correct answer is A.

Multiple choice economics dynamic of human development development indices various development indexes social development
HDI of India mentioned in HDR 2010 is ___________.

  1. 0.956.

  2. 0.406.

  3. 0.647.

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

Human Development Index (HDI) takes into account various key dimensions in order to reflect the country’s level of development. It uses life expectancy at birth and others to assess the health dimension. Moreover, HDI uses the logarithm of income to achieve its purpose. The updated indices of HDI are reflected in Human Development Report. HDI of India mentioned in HDR 2010 is 0.647.

The correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

India's HDI rank in 2010 was _________.

  1. 127

  2. 120

  3. 119

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

Human Development Index (HDI) takes into consideration various key dimensions with the purpose to reflect the country’s level of development. It takes into account life expectancy at birth and other useful factors to assess the health dimension. Moreover, HDI uses the logarithm of income to serve its purpose. India’s HDI rank in 2010 was 119.

Thus, the correct answer is C.

Multiple choice economics dynamic of human development development indices various development indexes social development

India ranks _______ out of 187 countries in terms of HDI index per HDR Report 2011.

  1. 120

  2. 134

  3. 154

  4. 60
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India ranks 134 out of 187 countries in terms of HDI index per HDR Report 2011. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

India's Human Development Index is ________.

  1. low

  2. high

  3. moderately high

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

India's Human Development Index is low. India ranks 134 out of 187 countries in terms of HDI index per HDR Report 2011. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

The GINI Index for India in 2007-2008 was ________.

  1. 0.182

  2. 0.297

  3. 0.534

  4. 0.245
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The GINI Index for India in 2007-2008 was 0.245.GINI Index is measure of degree of inequality in distribution of income and wealth. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini in the year of 1912. It is the most commonly used statistical method for measuring inequality of income and wealth.

Multiple choice economics dynamic of human development development indices various development indexes social development

Level of human well-being in India is __________.

  1. moderate

  2. high

  3. constant

  4. low
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Level of human well-being in India is low. Level of human being is measured in terms of Human Development Index.
Level of human being depends on human development indicators, like, life expectancy, education, per capita income, etc.
Multiple choice our life and environment geography

Cement manufacturing is one of the largest _________ commodity industry.

  1. Mineral

  2. Essential

  3. Consumer

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

Cement is a mineral-based commodity produced through the processing of limestone and other minerals.

Multiple choice social science employment: growth, informalisation and other issues employment - trends and structure workers and employment sources of income

Majority of the workforce in India are  _____.

  1. Casual workers

  2. Salaried employees

  3. Self-employed

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Workers who own and operate an enterprise to earn their livelihood are known as self employed. More than half the workforce in India belongs to this category.
Casual wage labourers account for 33 per cent of India’s workforce whereas regular salaried employees account for 15 per cent of India’s workforce.
Multiple choice business economics and quantitative methods balance of payments exchange rate balance of payments and exchange rate balance of trade and balance of payments

Demand for American goods will rise in India due to appreciation of Indian currency.

  1. True

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

Demand for American goods will rise in India due to appreciation of Indian currency. Appreciation of domestic currency is a situation of a fall in exchange rate, i.e, less rupees are needed to buy one dollar. Thus, making American goods cheaper and leading to an increase in their demand.

Multiple choice business economics and quantitative methods balance of payments exchange rate balance of payments and exchange rate balance of trade and balance of payments

India has achieved full convertibility of the Rupee in _________.

  1. current account

  2. capital account

  3. both (a) and (b)

  4. neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India has achieved full convertibility of the Rupee on the current account, allowing for the free conversion of currency for trade in goods and services, but capital account convertibility remains restricted.

Multiple choice geography population density and distribution population and migration population : size, density, growth and structure population : distribution, density and growth

Indian population policy $2000$ not includes.

  1. Free education

  2. Free from diseases
  3. Reducing infant mortality rate below $30$

  4. Increase the employment opportunities
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Indian population policy $2000$ includes
$(1)$ free education
$(2)$ free from diseases
$(3)$ reducing infant mortality rate below $30$.