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 the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

The performance of public sector in India has been ________.

  1. satisfactory

  2. good

  3. excellent

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

The performance of the public sector in India has been widely criticized as poor due to inefficiencies, lack of profitability, and bureaucratic hurdles.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Industry sector accounts for  ____ of commercial consumption of energy in India.

  1. 40%

  2. 50%

  3. 65%

  4. 25
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The industrial sector is a major consumer of commercial energy in India, accounting for approximately 50% of the total consumption.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

Small scale industries contributes almost _____ % of the gross industrial value added in the Indian economy.

  1. 30

  2. 40

  3. 45

  4. 50
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Small-scale industries are a vital part of the Indian economy, contributing approximately 40% to the gross industrial value added.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

The capital- output ratio in India is  ______.

  1. increasing

  2. decreasing

  3. remained constant

  4. not shown any specific trend
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The capital-output ratio in the Indian economy has generally trended upward over time, reflecting a rise in the amount of capital required to produce a unit of output. This indicates a decline in capital efficiency as the economy has developed.

Multiple choice organisation of commerce and management the nature of the indian economy part 2 industrial revolution in india subsidies, industrial policy and trade policy cottage and small scale industries

India is a ______cost industrial economy.

  1. high

  2. low

  3. medium

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

India has historically been characterized as a high-cost industrial economy due to factors like inefficient infrastructure, high input costs, and protectionist trade policies that limited competitive pressure.

Multiple choice social science government and taxes types of tax types of taxes government budget and taxation

Tax rate for domestic companies in India is at __________.

  1. 35%

  2. 30%

  3. 25%

  4. 20%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The standard corporate tax rate for domestic companies in India has been 30 percent for many years, excluding surcharges and cesses. While rates have been lowered for new manufacturing companies, 30 percent remains the standard benchmark for established domestic firms.

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

India accounts for ________of world surface area.

  1. 4.2 per cent

  2. 2.4 per cent

  3. 5.4 per cent

  4. 3.2 per cent
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India is the seventh largest country in the world on the basis of its land area. The share of India in percent terms is only 2.4 per cent of the total land surface of the world.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

In the post-liberalisation period, the share of direct taxes in gross tax revenue in India has __________.

  1. increased

  2. decreased

  3. first increased and then decreased

  4. remained the same
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In the post-liberalisation period, the share of direct taxes in gross tax revenue in India has increased.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

How much did the IMF and IBRD lend the Indian Government during the crisis?

  1. Rs. 7 billion
  2. $ 7 billion

  3. Rs. 6 billion
  4. $ 6 billion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
India approached the International Bank for Reconstruction and Development (IBRD), popularly known as World Bank and the International Monetary Fund (IMF), and received $7 billion as loan to manage the crisis during 1991.
Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

The Finance Minister of India in one of his press conferences said that inflationary pressure is likely to continue following recent increase in rates of some commodities in international markets. Which of the following commodities was he referring to as it gets frequent increase at international levels and disturbs our Home Economy substantially?

  1. Gold and Silver

  2. Petroleum products

  3. Tea and Coffee

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

India is a major importer of crude oil. Fluctuations in international petroleum prices have a direct and significant impact on India's inflation, trade deficit, and overall economic stability.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

International Monetary Fund has recently rated India as the ___________ largest economy in the world.

  1. fifth

  2. sixth

  3. second

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

Economic rankings change frequently. At the time this question was likely drafted, India was often cited as the sixth-largest economy by nominal GDP.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

World Bank provides long-term investment loan to its _________ member countries at reasonable terms.

  1. 170

  2. 174

  3. 189

  4. 180
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

World Bank is an financial institution which was founded in 1945 at Bretton Woods. The headquarter of World Bank is in Washington DC. The main function of World Bank is to provide long term investment loans to its 189 member countries at reasonable terms. It comprises of two institutions: the International Bank for Reconstruction and Development and the International Development Association.

Multiple choice indian land resources land resources of karnataka land utilisation, its pattern and crops of karnataka geography

Nearly _____ of the people in Karnataka are dependent on agriculture for their livelihood. 

  1. 41.6%

  2. 61.4%

  3. 46.1%

  4. 64.1%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to standard Karnataka state geography and economics textbooks, approximately 61.4% of the population is dependent on agriculture for their livelihood. This reflects the agrarian nature of the state's economy.