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 organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

All of the following developments were noticed during 1991 (when economic reforms were enforced) except one. Identify it.

  1. National Debt was nearly 60% of the GNP of India

  2. Inflation crossed double digits

  3. Foreign Reserves were maintained at a very high level

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

All  the following developments ( such as National Debt was nearly 60% of the GNP of India, Inflation crossed double digits) were noticed during 1991, when economic reforms were enforced, except  "Foreign Reserves were maintained at a very high level. During 1991, Indian Government adopted New Economic Policy which emphasized liberalization, privatization and globalization.

Multiple choice zoology biodiversity, classification and conservation levels of biodiversity environmental conservation and biodiversity biodiversity on earth and in india

India is among $12$ megadiversity countries of world, due its percentage contribution in global species diversity, that is:-

  1. $1.8 \%$
  2. $2.4 \%$
  3. $8.1 \%$
  4. $4.2 \%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Megadiversity refers to the diversity in various life forms. India is one of the megadiverse countries where diversity of global species is found. There are 4 biodiversity hotspots (the area where large species diversity is present) in India, they are:

  1. Himalaya
  2. Indo-Burma
  3. Sundaland
  4. The Western Ghats and Sri Lanka
In India, the total area under biodiversity hotspot is about 2.4 % and its contribution to global species diversity is about 7 - 8.5 %.
So, the correct option is '8.1%'.

Multiple choice business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

What % of India's external assistance comes in the form of loans?

  1. $50$.
  2. $25$.
  3. $40$.
  4. $90$.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Historically, a very large proportion of India's external assistance has been in the form of loans rather than grants, with figures often cited near 90 percent in academic contexts for this specific question.

Multiple choice commercial applications bioenergy biofuels making biofuels technological and industrial development

Fuelwood demand in India is

  1. 90 million $m^3$
  2. 150 million $m^3$
  3. 216 million $m^3$
  4. 300 million $m^3$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
  • Fuelwood is a fuel, such as firewood, charcoal, chips, sheets, pellets, and sawdust.
  • Fuelwood can is used for cooking and heating, and occasionally for fueling steam engines and steam turbines that generate electricity. It can also be used indoors in a furnace, stove, or fireplace, or outdoors in furnace, campfire, or bonfire.
  • In India, Fuelwood demand is about 300 million m3.
  • So, the correct answer is '300 million m3'.
Multiple choice economics economic reconstruction economics of planning objectives of economic planning in india major economic problems

India has been witnessing high rate of inflation because __________.

  1. public expenditure and money supply both are continuously increasing.

  2. the agricultural and industrial sectors have not performed adequately.

  3. both agricultural and administered prices have been hiked.

  4. all of the above.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
Since last two decades, the money supply in India is increasing due to development in the economy which increases the purchasing power of an individual due to which aggregate demand increases which leads to increase in public expenditure on consumption of goods and services.
Multiple choice economics economic reconstruction economics of planning objectives of economic planning in india major economic problems

The most serious economic problem in India is ___________.

  1. unemployment

  2. rising population

  3. poverty

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The most serious economic problems in India are:

1)Unemployment- High unemployment indicates the economy is operating below full capacity and is inefficient; this will lead to lower output and incomes. The unemployed are also unable to purchase as many goods, so will contribute to lower spending and lower output. A rise in unemployment can cause a negative multiplier effect.

2) This economic problem of rising population leads to poverty, lack of free medical assistance, lack of social security and bad living conditions. Excessive population leads to working institutions dysfunctionality and makes all plans to improve a country’s infrastructure, medical assistance facilities and social welfare initiatives ineffective. This includes the Indian Government which has struggled to enact reforms over the past 69 years since independence. 

3) The direct effects of poverty are hunger, malnutrition and susceptibility to diseases. These have been identified as huge problems across the world. ... The growth of population in India is way beyond the growth in economy and the gross result is such that the poverty figures have remained more or less constant.

Multiple choice civics non-cooperation movement entry of mahatma gandhi in national movement jallianwala bagh tragedy and non- cooperation movement non - cooperation movement

The import value of the foreign goods between 1921 to 1922 dropped from Rs 102 crore to _______.

  1. Rs. 50 crore

  2. Rs. 57 crore

  3. Rs. 68 crore

  4. Rs. 79 crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

At many places, merchants and traders refused to trade foreign goods or finance foreign trade. As the boycott movement spread, and people began discarding imported clothes and wearing only Indian ones, production of Indian textile mills and handlooms went up.

Multiple choice social science food security in india need for nregs rural development and employment guarantee scheme food security and nutrition

Average consumption of PDS grains per person per month at all India level is _______.

  1. 1 kg

  2. 4 kg

  3. 300 gm

  4. 500 gm
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In coverage and public expenditure, it is considered to be the most important food security network. However, the food grains supplied by the ration shops are not enough to meet the consumption needs of the poor or are of inferior quality. The average level of consumption of PDS grains in India is only 1 kg per person / month.

Multiple choice economics ancient indian economic concepts goods, wealth and welfare major definitions of economics wealth, capital and money

If India exports goods worth Rs.$20$ crores and imports goods worth Rs.$30$ crores, it will ________________.

  1. have a surplus of Rs$10$ crores in balance of trade
  2. have a deficit of Rs$10$ crores in balance of trade
  3. have a deficit of Rs$50$ crores in balance of trade

  4. can't say
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

BOT =  export - Import i.e. $20 - 30 = 10$ crore deficit.

Multiple choice geography agriculture in india - iii : cash crops cash crops plantation of crops cash crops of india

India ranks ________ among the world's natural rubber producers.

  1. First

  2. Second

  3. Third

  4. Fourth

  5. Fifth
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
The Leading Natural Rubber Producing Countries In The World
Rank Area             Production Value,  (in tons)
1        Thailand              4,305,069
2         Indonesia      3,107,544
3         Viet Nam      946,865
4          India              900,000
Multiple choice geography agriculture in india - iii : cash crops cash crops plantation of crops cash crops of india

Among the sugarcane producing countries of the world, India's rank is:

  1. Third

  2. First

  3. Second

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

India is the second largest producer of the sugarcane in the world. States of maharastra, U.P , Punjab and bihar are the maximum producers of sugarcane. An annual production of 3,41,400 TMT in the estimation of the year 2015. India is also the largest exporter of the sugar.

Multiple choice geography agriculture in india - iii : cash crops cash crops plantation of crops cash crops of india agricultural seasons and crops

What is the rank of India in the production of cotton in the world?

  1. First

  2. Second

  3. Third

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

India is the second largest producer of cotton. Cotton has been used in India since the Indus valley civilization where cotton threads were recovered. India produces 6,423 thousand metric tons of cotton every year. The reason for such a huge production is the climate that is most favorable in northern part of the country. A moderate temperature of 25-35 degree Celsius is best suited for cotton cultivation in India. It is processed in huge quantity through modern machines based on the quality requirement.

Multiple choice geography agriculture in india - iii : cash crops cash crops plantation of crops cash crops of india

India is ranked ___ in the world in the cultivation and production of sugar.

  1. First

  2. Second

  3. Third

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

Second.
According to data from the Indian Sugar Mills Association, the country's sugarcane farmers will produce 35.5 million tonnes of sugar in the 2018-19 season (October-September), breaking the record of 32 million tonnes in 2017-18. In doing so, India will beat Brazil as the world's largest producer of sugar.