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
-
25 Thousand
-
Billion
-
Million
-
6 Lakhs
C
Correct answer
Explanation
The Indian railway system is indeed the world's largest employer, with over 1 million employees.选项 A (25 Thousand) is far too small,选项 B (Billion) is too large, and选项 D (6 Lakhs = 600,000) is still significantly less than the actual figure which exceeds a million.
A
Correct answer
Explanation
India ranked 13th in global gold holdings around 2010, with approximately 557.7 tonnes of gold reserves. The country's substantial gold reserves reflect its traditional affinity for gold as a store of value and its economic diversification strategy. This ranking has fluctuated over time based on central bank purchases.
B
Correct answer
Explanation
India ranks as the world's 4th largest economy by GDP (nominal terms) after USA, China, and Japan. This ranking is based on nominal GDP measurements. However, rankings can vary depending on whether measuring nominal GDP or PPP (Purchasing Power Parity), where India ranks 3rd. The question likely refers to nominal GDP ranking.
B
Correct answer
Explanation
India ranked 84th out of 180 countries in the 2009 Corruption Perceptions Index with a score of 3.4, indicating moderate levels of perceived corruption. This mid-level ranking reflects ongoing challenges with bureaucratic corruption despite various anti-corruption measures. India's position was far from the top (rank 1) and also not near the bottom (rank 179 occupied by Somalia).
C
Correct answer
Explanation
The United States ranked 19th in the 2009 Corruption Perceptions Index with a score of 7.5, placing it among countries with relatively low perceived corruption. This high ranking reflects strong institutional frameworks and rule of law, though not at the very top level occupied by countries like New Zealand, Denmark, and Singapore. The US position was far better than India's 84th rank.
-
Bank
-
Post Offices
-
Hospitals
-
Research centres
B
Correct answer
Explanation
India has the largest postal network in the world with over 150,000 post offices, serving even the most remote rural areas. This extensive system, established during the colonial period and expanded after independence, remains crucial for communication, banking services, and government document delivery in areas where digital infrastructure is still developing.
A
Correct answer
Explanation
Historical evidence and economic historians support that India was indeed one of the world's wealthiest economies before British colonization. India's GDP accounted for approximately 25-30% of the global economy in the 17th century, with thriving textile, spice, and metallurgical industries. The British colonial period, particularly after the 1757 Battle of Plassey, led to systematic economic exploitation and deindustrialization.
B
Correct answer
Explanation
The contribution of agriculture to India's GDP has been declining over time. According to economic surveys, around the period referenced, agriculture's share was approximately 17.47%, reflecting India's structural transformation toward industry and services.
-
US$12.2 billion
-
US$17.5 billion
-
US$31.9 billion
-
US$6.1 billion
C
Correct answer
Explanation
India's official defense budget for 2010-11 was approximately US$31.9 billion (about Rs.1,47,000 crore), as reported by the Indian Ministry of Defence and international defense monitoring organizations. This was a significant increase from previous years, reflecting India's modernization efforts.
A
Correct answer
Explanation
India accounted for about 23-27% of world GDP in the early 17th century before British colonialism. The British East India Company arrived in early 1600s but major economic extraction began after 1757.
D
Correct answer
Explanation
The freight sector has traditionally been the major revenue generator for Indian Railways, contributing approximately 70% of total revenue. This is because freight transportation (coal, minerals, containers, etc.) has always been more profitable than passenger services, which are often subsidized to make travel affordable.
B
Correct answer
Explanation
Tata Motors, India's largest commercial vehicle manufacturer, dominates over 60% of the Indian commercial vehicle market. The company's extensive product range including trucks, buses, and commercial vehicles, along with its wide distribution network, has cemented its market leadership position.