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

What is the estimated annual economic benefit of investing in nutrition in India?

  1. 3.4 trillion USD

  2. 4.4 trillion USD

  3. 5.4 trillion USD

  4. 6.4 trillion USD
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to a study by the World Bank, the estimated annual economic benefit of investing in nutrition in India is 5.4 trillion USD.

Multiple choice

What is the contribution of the manufacturing sector to India's GDP?

  1. 15-20%

  2. 20-25%

  3. 25-30%

  4. 30-35%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The manufacturing sector contributes around 15-20% to India's GDP.

Multiple choice

What is the estimated global market size of the cookie and biscuit industry?

  1. $100 billion
  2. $200 billion
  3. $300 billion
  4. $400 billion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The global market size of the cookie and biscuit industry is estimated to be around $200 billion.

Multiple choice

A pie chart shows the distribution of GDP contribution by different sectors in the state of Maharashtra, India. If the pie chart indicates that the services sector contributes 60% of the total GDP, what is the approximate contribution of the industrial sector if the total GDP of Maharashtra is ₹20 trillion?

  1. ₹6 trillion

  2. ₹8 trillion

  3. ₹10 trillion

  4. ₹12 trillion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To calculate the approximate contribution of the industrial sector, we can use the proportion represented by the pie chart. Since the services sector contributes 60%, the industrial sector must contribute the remaining 40%. Therefore, 40% of ₹20 trillion is (40/100) * ₹20 trillion = 0.4 * ₹20 trillion = ₹8 trillion.

Multiple choice

What is the combined GDP of RCEP member countries?

  1. $25 trillion
  2. $30 trillion
  3. $35 trillion
  4. $40 trillion
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The combined GDP of RCEP member countries is estimated to be around $25 trillion.

Multiple choice

Which Indian state has the highest number of IT parks?

  1. Karnataka

  2. Maharashtra

  3. Tamil Nadu

  4. Andhra Pradesh
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Karnataka, particularly Bengaluru, has the highest number of IT parks in India.

Multiple choice

When was the first commercial oil well drilled in India?

  1. 1867

  2. 1889

  3. 1901

  4. 1920
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The first commercial oil well in India was drilled in 1889 at Digboi in Assam.

Multiple choice

What is the outlook for the current account deficit in India?

  1. It is expected to widen in the coming years.

  2. It is expected to narrow in the coming years.

  3. It is expected to remain stable in the coming years.

  4. It is uncertain.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The outlook for the current account deficit in India is uncertain. It depends on a number of factors, including the global economic outlook, the price of oil, and the government's policies.

Multiple choice

What is the future of the current account deficit in India?

  1. It is expected to widen in the coming years.

  2. It is expected to narrow in the coming years.

  3. It is expected to remain stable in the coming years.

  4. It is uncertain.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The future of the current account deficit in India is uncertain. It depends on a number of factors, including the global economic outlook, the price of oil, and the government's policies.

Multiple choice

What is the approximate market size of the beauty industry in India?

  1. INR 10,000 crores

  2. INR 20,000 crores

  3. INR 30,000 crores

  4. INR 40,000 crores
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The beauty industry in India is estimated to be valued at approximately INR 40,000 crores, making it one of the largest and fastest-growing beauty markets in the world.

Multiple choice

What is the total value of India's trade with the EU?

  1. $100 billion
  2. $200 billion
  3. $300 billion
  4. $400 billion
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The total value of India's trade with the EU is estimated to be around $100 billion.

Multiple choice

What is the authorized capital of the ADB?

  1. $100 billion
  2. $200 billion
  3. $300 billion
  4. $400 billion
  5. $500 billion
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The authorized capital of the ADB is $300 billion.

Multiple choice

What percentage of the country's wealth does the top 1% of earners control?

  1. 20%

  2. 30%

  3. 40%

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

The book argues that the top 1% of earners in the United States control 40% of the country's wealth.

Multiple choice

Which state in India is known for its IT industry?

  1. Karnataka

  2. Telangana

  3. Andhra Pradesh

  4. Tamil Nadu
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Karnataka is known for its IT industry and is the largest IT-producing state in India.

Multiple choice

What is the expected growth rate of rural population in India in the next decade?

  1. 0.5%

  2. 1.0%

  3. 1.5%

  4. 2.0%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The expected growth rate of rural population in India in the next decade is estimated to be around 1.0%.