Economics ยท 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 general knowledge
  1. 8.5

  2. 7.5

  3. 6.1

  4. 5.5

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India achieved a GDP growth rate of 6.1% during April-June 2009, as reported by the Indian government. This was during the global financial crisis period when India's growth had slowed from the earlier 9% levels. The 8.5% figure represents pre-crisis growth, while 7.5% was the target for later periods.

Multiple choice general knowledge science & technology
  1. second

  2. fifth

  3. fourth

  4. third

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India ranks as the third-largest producer of tobacco globally, after China and Brazil. Tobacco is an important commercial crop in India, grown mainly in states like Andhra Pradesh, Karnataka, Gujarat, and Tamil Nadu. India produces various tobacco types including Virginia tobacco and Natu tobacco. This tests knowledge of India's position in global agricultural production.

Multiple choice general knowledge sports
  1. sixth

  2. third

  3. ninth

  4. fifth

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This economics question asks about Tamil Nadu's GDP contribution ranking in India, with the claimed answer being 'fifth largest.' Tamil Nadu is indeed among India's top economic contributors, typically ranking fifth in GDP contribution. Major contributors include Maharashtra (first), Tamil Nadu, Uttar Pradesh, Karnataka, and Gujarat in varying orders depending on the year and measurement method. Tamil Nadu's economy is driven by manufacturing (automobiles, textiles), services (IT), and industry.

Multiple choice general knowledge
  1. 3

  2. 4

  3. 5

  4. 6

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Tamil Nadu is the 5th largest contributor to India's GDP, with major contributions from manufacturing, services, and agriculture sectors. Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, and Gujarat are typically among the top states by GDP contribution, with Tamil Nadu consistently ranking in the top five.

Multiple choice general knowledge
  1. The Economic Times

  2. The times of india

  3. hindustan times

  4. none

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Economic Times uses the tagline 'The Power of Knowledge' to emphasize their focus on business and financial news. This slogan positions ET as a source of informed decision-making for professionals. The Times of India and Hindustan Times use different branding and target general readership.

Multiple choice general knowledge
  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Historical evidence supports that India had one of the world's largest economies for many centuries until around the 16th-17th centuries, particularly under the Mughal Empire. Economic historians like Angus Maddison estimate India accounted for 25-30% of global GDP during this period.

Multiple choice general knowledge
  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Historical evidence supports that India had one of the world's largest economies for many centuries until around the 16th-17th centuries, particularly under the Mughal Empire. Economic historians like Angus Maddison estimate India accounted for 25-30% of global GDP during this period.

Multiple choice general knowledge
  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The claim has some basis but is disputed. Different rankings place India between 2nd and 5th globally. According to some studies, India has one of the largest pools of scientists and engineers, though China now claims the top position in many metrics. The exact ranking depends on whether measured by absolute numbers, per capita, or other criteria.

Multiple choice general knowledge
  1. 0.037

  2. 0.035

  3. -0.012

  4. 0.0375

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The RBI's Macroeconomic and Monetary Development Report for 2010-11 estimated agricultural growth at 3.5%, which is 0.035 in decimal form. This represented moderate recovery from the previous year's drought. Options like 0.037 (3.7%) and 0.0375 (3.75%) were close but not accurate.