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 Gini coefficient for India?

  1. 0.41

  2. 0.48

  3. 0.55

  4. 0.62
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Gini coefficient for India was 0.55 in 2019, according to the World Bank. This means that the distribution of income in India is relatively unequal, compared to other countries.

Multiple choice

What is the Gini coefficient of India?

  1. 0.38

  2. 0.48

  3. 0.58

  4. 0.68
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Gini coefficient of India is 0.38, which is considered to be moderate.

Multiple choice

How did Indian mathematics influence the development of economic institutions?

  1. It helped to develop systems for measuring and valuing goods and services.

  2. It helped to develop systems for taxation and accounting.

  3. It helped to develop systems for lending and borrowing money.

  4. All of the above.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Indian mathematics played a significant role in the development of economic institutions. It helped to develop systems for measuring and valuing goods and services, systems for taxation and accounting, and systems for lending and borrowing money. These systems were essential for the growth of trade and commerce, and they continue to be used in economic institutions today.

Multiple choice

What is the estimated size of the sportswear market in India in 2023?

  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 market in India is estimated to be worth around $20 billion in 2023.

Multiple choice

What is the projected growth rate of the sportswear market in India over the next five years?

  1. 5-7%

  2. 7-9%

  3. 9-11%

  4. 11-13%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sportswear market in India is projected to grow at a CAGR of 9-11% over the next five years.

Multiple choice

What is the estimated contribution of the sportswear market to the overall sports industry in India?

  1. 20-25%

  2. 25-30%

  3. 30-35%

  4. 35-40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sportswear market is estimated to contribute around 30-35% to the overall sports industry in India.

Multiple choice

What is the target set by the Government of India for manufacturing's contribution to the country's GDP under the Make in India campaign?

  1. 20%

  2. 25%

  3. 30%

  4. 35%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Government of India aims to increase the contribution of manufacturing to the country's GDP from 16% to 25% by 2025 under the Make in India campaign.

Multiple choice

How many jobs have been created under the Make in India campaign as of 2022?

  1. 10 million

  2. 15 million

  3. 20 million

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

As of 2022, the Make in India campaign has created an estimated 20 million jobs in various sectors, including manufacturing, construction, and services.

Multiple choice

What is the estimated size of the sportswear market in India in 2023?

  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 market in India is expected to reach $20 billion by 2023, driven by factors such as rising disposable income, increasing health consciousness, and growing popularity of sports.

Multiple choice

What is the expected growth rate of the sportswear market in India over the next five years?

  1. 5-7%

  2. 7-9%

  3. 9-11%

  4. 11-13%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sportswear market in India is expected to grow at a CAGR of 9-11% over the next five years.

Multiple choice

What is the contribution of the IT sector to India's exports?

  1. Less than 10%

  2. 10-20%

  3. 20-30%

  4. More than 30%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The IT sector contributes more than 30% to India's exports, making it a significant contributor to the country's foreign exchange earnings.

Multiple choice

What is the current FDI limit in the Media Sector in India?

  1. 26%

  2. 49%

  3. 74%

  4. 100%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The current FDI limit in the Media Sector in India is 49%.

Multiple choice

What is the estimated size of the sportswear market in India in 2023?

  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 sportswear market in India is projected to reach ₹2 trillion by 2023, driven by factors such as rising disposable incomes, increasing awareness of fitness and health, and growing popularity of sports and athleisure wear.

Multiple choice

What is the contribution of sportswear exports to India's total merchandise exports?

  1. 5%

  2. 10%

  3. 15%

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

Sportswear exports contribute approximately 10% to India's total merchandise exports, making it a significant contributor to the country's economy.

Multiple choice

What is the projected growth rate of the sportswear market in India over the next five years?

  1. 5-7%

  2. 7-9%

  3. 9-11%

  4. 11-13%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sportswear market in India is expected to grow at a CAGR of 9-11% over the next five years, driven by factors such as increasing disposable incomes, rising awareness of fitness and health, and growing popularity of sports and athleisure wear.