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

Karnataka produces ________ % of the country's coffee production.

  1. 65

  2. 75

  3. 70

  4. 72
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Karnataka's coffee production accounts for over 70 per cent of India's. But now, rain has damaged plantations in the coffee-producing regions of Kodagu and Chikmagaluru. Karnataka accounts for over 70 per cent of the coffee produced in the country.

Multiple choice business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

In India, poverty is measured in ___________ terms.

  1. absolute

  2. relative

  3. both

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

In India, the poverty line is defined based on a minimum level of income or consumption required to meet basic needs, which is an absolute measure of poverty.

Multiple choice business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

In countries like India, in practice _________.

  1. contributions of different sectors are calculated by different methods

  2. one consistent method is used

  3. both above are true depending upon facts and circumstances

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

Due to the diverse nature of the Indian economy, different sectors are measured using the most appropriate method (e.g., production method for agriculture, income method for services).

Multiple choice business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

Given Real GDP 9% and rate of inflation 2.25%, the norminal GDP will be ___.

  1. 9%

  2. 11.25%

  3. 6.75%

  4. 8%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Nominal GDP equals real GDP plus the inflation rate. Adding 9% and 2.25% gives 11.25%. This shows how inflation affects the nominal value of output.

Multiple choice economics measurement of national income methods of national income methods of measuring national income national income analysis

One of the problems in correctly estimating national income in India is _____________.

  1. low savings

  2. inflation

  3. under-employment

  4. self-consumption
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In developing countries like India, a large portion of production is for self-consumption (subsistence farming, etc.), which is difficult to measure and value accurately, posing a challenge for national income estimation.

Multiple choice economics measurement of national income methods of national income methods of measuring national income national income analysis

Which of the following is not a problem in the estimation of India's national income?

  1. Rapid industrialization

  2. Non-monetised consumption

  3. Illiterate people

  4. People holding multiple jobs
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Rapid industrialization is a goal or a process of economic development, not a technical difficulty in measuring national income. The other options represent real challenges, such as the difficulty of valuing non-monetized goods, tracking income from illiterate populations, or accounting for multiple income sources.

Multiple choice civics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

The proportion of GDP contributed by the industrial sector increased in the period from 11.8 percent in 1950-51 to ____ percent in the year 1990-1991.

  1. 24.6 %

  2. 25.4 %

  3. 29.8 %

  4. 30.2 %
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The proportion of GDP contributed by the industrial sector increased in the period from 11.8 per cent in 1950-51 to 24.6 percent in the year 1990-1991.

Multiple choice economics foreign trade in india the government and economic development indian economy on the eve of independence impact of technology on livelihoods

Import of oil and lubricants constitute nearly ________ of India's total import bill as per 2013-14 data.

  1. 20%

  2. 24%

  3. 35%

  4. 40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Based on historical economic data for India around 2013-14, oil and lubricants accounted for a significant portion of the import bill, typically around 35%.

Multiple choice business studies tourism, transport and communication importance of transport system importance of transportation system introduction to transport and communication

As the GDP of India is higher than Brazil and so also its population, the contribution of tourism to GDP appears lesser than Brazil.

  1. True

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

While India has a larger economy and population, the relative contribution of tourism to the total GDP is often lower compared to countries where tourism is a primary economic pillar, such as Brazil.

Multiple choice business studies tourism, transport and communication importance of transport system importance of transportation system introduction to transport and communication

The proportion of Indian population engaged in tourism is higher than in Brazil.

  1. True

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

Due to the vast size of the Indian service sector and the labor-intensive nature of the tourism industry, a significant proportion of the population is engaged in tourism-related activities.

Multiple choice economics solution to basic economic problems under different economic systems supply curve and price determination in the market price mechanism and solutions supply

According to the World Development Report 2006, brought out by the World Bank, countries with per capita income of Rs. 4,53,000 p.a. and above are called __________________.

  1. Weak countries

  2. Rich countries

  3. Low income countries

  4. All of them
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to the report, the countries with per capita income of Rs. 37000 or less are called Low-income countries.


Hence, the correct option is $\text{B}$