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 general knowledge

India having approx ...... sq kilometer of economic zone in ocean

  1. 10 lakh

  2. 15 lakh

  3. 40 lakh

  4. 20 lakh
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's Exclusive Economic Zone (EEZ) extends approximately 2.02 million square kilometers (20 lakh sq km) in the Indian Ocean. This gives India special rights over marine resources, including fishing, mining, and energy exploration within this zone. The EEZ extends 200 nautical miles from the coastline.

Multiple choice

The total exports and revenues from the exports of a country are given in the two charts shown below. The pie chart for exports shows the quantity of each item exported as a percentage of the total quantity of exports. The pie chart for the revenues shows the percentage of the total revenue generated through export of each item. The total quantity of exports of all the items is 500 thousand tonnes and the total revenues are 250 crore rupees. Which item among the following has generated the maximum revenue per kg?

  1. Item 2

  2. Item 3

  3. Item 6

  4. Item 5
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Correct option is (4).

Multiple choice

According to International Monetary Fund, what was India's contribution to World Gross Domestic Product in Purchasing Power Parity (PPP) terms for 2007?

  1. 4.6 percent

  2. 6.4 percent

  3. 7.1 percent

  4. 8.9 percent
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

According to IMF data for 2007, India's contribution to World GDP in Purchasing Power Parity (PPP) terms was 4.6 percent. PPP adjustment accounts for cost of living differences between countries, providing a more accurate comparison of economic output and living standards than nominal GDP.

Multiple choice

The area occupied by India as compared to USA is

  1. Half

  2. One third

  3. One fourth

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

India's area is approximately 3.3 million sq km while the USA's area is about 9.8 million sq km. The ratio is roughly 1:3, making India approximately one-third the size of the United States. This is a standard geographic comparison.

Multiple choice

Mark the correct statement:

  1. India is a purely capitalist economy.

  2. India is a stagnant economy.

  3. India is a developing economy.

  4. India is a resource-poor economy.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India is classified as a developing economy based on indicators like transition from agrarian to industrial/service-based structure, growing GDP, improving human development indices, and ongoing modernization. It is neither purely capitalist (has significant public sector) nor stagnant (consistent growth trajectory). Resource endowment varies by sector but India is not resource-poor overall.

Multiple choice

Suppose India's GNP increased at an annual average of 6.6% during the tenth plan, presuming that the growth rate of population is 2 per annum; per capita income would increase at an annual average rate of

  1. 3.3%

  2. 4.6%

  3. 6.6%

  4. 2%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To calculate per capita income growth: (1 + GNP growth rate) / (1 + population growth rate) - 1. Using exact formula: (1.066 / 1.02) - 1 = 0.0451 or 4.51%, which rounds to approximately 4.6%. The approximate method (6.6% - 2% = 4.6%) also gives the same answer. This is a standard compound growth calculation in economics.

Multiple choice

Over the years, the birth rate in India has

  1. fallen, fallen

  2. risen, fallen

  3. risen, risen

  4. fallen, risen
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's birth rate has consistently declined over decades due to factors like increased urbanization, women's education, family planning programs, and rising incomes. The Crude Birth Rate fell from about 40 per 1000 in the 1970s to around 20 per 1000 currently. The pattern 'fallen, fallen' reflects this continuous downward trajectory over time.

Multiple choice

The area occupied by India as compared to that by the U.S.A. is about

  1. one-half

  2. one-third

  3. one-fourth

  4. one-fifth
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The USA covers approximately 8.5 million square kilometers, while India covers about 3.3 million square kilometers. The ratio is roughly 2.5:1, meaning India's area is approximately one-third (about 33-40%) that of the United States. One-half would be too large, and one-fourth or one-fifth would be too small.