Economics ยท 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 size of the sportswear retail market in India?

  1. $10 billion
  2. $15 billion
  3. $20 billion
  4. $25 billion
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sportswear retail market in India is estimated to be worth around $20 billion.

Multiple choice

What is the future outlook for sportswear retail in India?

  1. Positive

  2. Negative

  3. Neutral

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

The future outlook for sportswear retail in India is positive, due to the growing demand for sportswear, increasing disposable incomes, and rising popularity of sports.

Multiple choice

What is the contribution of natural resources to India's GDP?

  1. Less than 5%

  2. 5-10%

  3. 10-15%

  4. 15-20%

  5. More than 20%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Natural resources contribute between 10% and 15% to India's GDP.

Multiple choice

How many jobs have been created under the Make in India initiative?

  1. 10 million

  2. 20 million

  3. 30 million

  4. 40 million
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As of 2022, the Make in India initiative has created over 20 million jobs in India.

Multiple choice

What is the target for India's exports under the Make in India initiative?

  1. $500 billion
  2. $1 trillion
  3. $1.5 trillion
  4. $2 trillion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The target for India's exports under the Make in India initiative is $1 trillion by 2025.

Multiple choice

What is the impact of the Make in India initiative on India's GDP?

  1. Increased by 1%

  2. Increased by 2%

  3. Increased by 3%

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

The Make in India initiative has contributed to a 2% increase in India's GDP.

Multiple choice

What is the impact of the Make in India initiative on India's trade deficit?

  1. Reduced by 10%

  2. Reduced by 20%

  3. Reduced by 30%

  4. Reduced by 40%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Make in India initiative has helped reduce India's trade deficit by 20%.

Multiple choice

What is the impact of the Make in India initiative on India's inflation rate?

  1. Reduced by 1%

  2. Reduced by 2%

  3. Reduced by 3%

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

The Make in India initiative has helped reduce India's inflation rate by 2%.

Multiple choice

What is the impact of the Make in India initiative on India's current account deficit?

  1. Reduced by $10 billion
  2. Reduced by $20 billion
  3. Reduced by $30 billion
  4. Reduced by $40 billion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Make in India initiative has helped reduce India's current account deficit by $20 billion.

Multiple choice

What is the Mahalwari system of land tenure?

  1. A system where land is held collectively by a village community.

  2. A system where land is owned by the government and leased to peasants.

  3. A system where land is owned by zamindars and leased to peasants.

  4. A system where land is redistributed periodically among peasants.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Mahalwari system is a system of land tenure where land is held collectively by a village community, and the revenue is paid to the government by the community as a whole.

Multiple choice

What is the total value of trade between India and ASEAN countries in 2022?

  1. $100 billion
  2. $150 billion
  3. $200 billion
  4. $250 billion
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The total value of trade between India and ASEAN countries in 2022 was estimated to be around $200 billion.

Multiple choice

What is the value of the global textile and clothing market?

  1. $1.5 trillion
  2. $2 trillion
  3. $2.5 trillion
  4. $3 trillion
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The value of the global textile and clothing market is estimated to be around $2 trillion.

Multiple choice

What is the estimated contribution of the transportation and logistics sector to India's GDP?

  1. 5-7%

  2. 10-12%

  3. 15-17%

  4. 20-22%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The transportation and logistics sector contributes approximately 15-17% to India's GDP, highlighting its crucial role in the country's economic growth.

Multiple choice

Which ancient Indian text discusses the concept of 'just price' in economic transactions?

  1. Rigveda

  2. Arthashastra

  3. Upanishads

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

The Arthashastra discusses the concept of 'just price' or 'fair price' in economic transactions. It emphasizes the importance of setting prices that are equitable and reasonable, ensuring that both buyers and sellers benefit fairly.

Multiple choice

According to the World Bank, what is the average annual growth rate of healthcare expenditure globally?

  1. 2-3%

  2. 4-5%

  3. 6-7%

  4. 8-9%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The World Bank estimates that the average annual growth rate of healthcare expenditure globally is approximately 4-5%, indicating a steady increase in healthcare spending over time.