GDP of India MCQ (Quiz)
Read multiple choice objective questions on Gross Domestic Product of India. Main subject: Indian Economy. Topic: Current data on the Indian economy and GDP.
| Name | GDP of India MCQ (Quiz) |
| Type | Multiple Choice Objective Questions |
| Number of questions | 25 |
Also read: Multiple Choice Questions on Agricultural Economics
Question 01. At what rate is the Indian economy expected to grow in the FY22?
(a). 9.2%.
(b). 9.0%.
(c). 8.9%.
(d). 9.1%.
Question 02. At what rate did the Indian economy grow in the FY21?
(a). -7.0%.
(b). -7.1%.
(c). -7.2%.
(d). -7.3%.
Question 03. Which one is the major cause of growth of economy it the year 2021-22?
(a). Agricultural sectors.
(b). Manufacturing sectors.
(c). Both a and b.
(d). None of the above.
Question 04. At what rate is the agriculture sector is estimated to grow in FY22?
(a). 3.8%.
(b). 3.6%.
(c). 3.9%.
(d). 3.7%.
Question 05. At what rate is the manufacturing sector estimated to grow in FY22?
(a). 11.5%.
(b). 10.5%.
(c). 13.5%.
(d). 12.5%.
MCQ on GDP of India
Question 06. Consider about the nominal gross domestic product:
- Nominal gross domestic product is given in current prices, without adjustment for inflation.
- Nominal gross domestic product is given in current prices, with adjustment for inflation.
- Growing nominal gross domestic product from year to year might reflect a rise in prices.
- Inflation is a positive force.
- Real gross domestic product doesn’t start with nominal gross domestic product.
(a). Only 2 and 3 are true.
(b). Only 1 and 3 are true.
(c). Only 2, 3 and 5 are true.
(d). Only 1, 3 and 4 are true.
Question 07. What was the value of Indian GDP in the year 2020?
(a). 2,460,341.25 US$
(b). 2,080,295.25 US$
(c). 2,660,245.25 US$.
(d). 2,870,795.25 US$.
Question 08. Which type of country is India?
(a). Developing country.
(b). Developed country.
(c). Poor country.
(d). None of the above.
Question 09. Which type of income exists in India?
(a). Lower income.
(b). Middle income.
(c). Higher income.
(d). All of the above.
Question 10. Which type of economy exist in India?
(a). Traditional economy.
(b). Pure economy.
(c). Mixed economy.
(d). All of the above.
Indian Economy Quiz
Question 11. As of January 2022, what is the rank of the Indian economy by nominal gross domestic product?
(a). 8th rank.
(b). 7th rank.
(c). 6th rank.
(d). 5th rank.
Question 12. As of January 2022, what is the rank of the Indian economy by purchasing power parity?
(a). 4th rank.
(b). 2nd rank.
(c). 1st rank.
(d). 3rd rank.
Question 13. According to the IMF, on a per capita income basis what is the rank of the Indian nominal gross domestic product?
(a). 145th rank.
(b). 150th rank.
(c). 146th rank.
(d). 144th rank.
Question 14. According to the IMF, on a per capita income basis what is the rank of the Indian gross domestic product (PPP)?
(a). 122th rank.
(b). 121th rank.
(c). 120th rank.
(d). 123th rank.
Question 15. Which is the fiscal year of the Indian Economy?
(a). 1 April to 31 March.
(b). 1 April to 1 March
(c). 1 March to 30 April.
(d). 1 March to 1 April.
Indian GDP Quiz
Question 16. Value of nominal gross domestic product according to 2021 estimate:
(a). 2.5 trillion USD.
(b). 3.1 trillion USD.
(c). 3.7 trillion USD.
(d). 4.0 trillion USD.
Question 17. Value of nominal gross domestic product (PPP) according to 2021 estimate:
(a). 9.60 trillion USD.
(b). 8.13 trillion USD.
(c). 11.88 trillion USD.
(d). 10.21 trillion USD.
18-19: Gross Domestic Product per capita (2021-22)
Question 18. Gross domestic product (Nominal, 2021) estimate:
(a). USD 1,927.
(b). USD 3,971.
(c). USD 2,191.
(d). USD 1,088.
Question 19. Gross domestic product (PPP, 2022) estimate:
(a). USD 6,979.
(b). USD 7,943.
(c). USD 5,927.
(d). USD 8,578.
20-22: Contribution of different sectors in India’s GDP (Fiscal Year 2020-21)
Question 20. What is the contribution of agricultural sectors?
(a). 16.38%.
(b). 16.50%.
(c). 16.00%.
(d). 16.17%.
Question 21. What is the contribution of service sectors?
(a). 56.87%.
(b). 48.26%.
(c). 54.27%.
(d). 49.28%.
Question 22. What is the contribution of industrial sectors?
(a). 26.38%.
(b). 21.29%.
(c). 39.21%.
(d). 29.34%.
Question 23. What is the Human Development Index of India?
(a). High.
(b). Low.
(c). Medium.
(d). None of the above.
Question 24. Which one is the main industry in India?
(a). Chemicals.
(b). Agribusiness.
(c). Textiles.
(d). All of the above.
Question 25. Where is the National Statistical Office located?
(a). New Delhi.
(b). Mumbai.
(c). Jaipur.
(d). Banglore.
Also read: Chhattisgarh Geography: Quiz and MCQ
References
01 and 02: Times Now News (January 07, 2022). India’s GDP expected to increase 9.2% in FY22 vs -7.3% in FY21: NSO estimate.
03: Swarajyamag (January 08, 2022). Indian Economy To Clock 9.2 Per Cent GDP Growth in FY22 As Agriculture And Manufacturing Helps Regain ‘Fastest Growing Economy In World’ Tag.
04 and 05: Economic Survey 2021-22: Union Budget.
06: Investopedia, Economic, Macroeconomics (December 19, 2020). Nominal Gross Domestic Product.
07: World Bank national accounts data, and OECD National Accounts data files.
08: The Economic Times (July 19, 2019). View: Indian Economic policy: India needn’t worry about the middle-income trap.
09: Alamgir, J. (2008). India’s Open-Economy Policy: Globalism, Rivalry, Continuity. p. 176.
10: Kanungo et al. (2018). Changing the Indian Economy: Renewal, Reform and Revival. p. 24.
11 and 12: Investopedia (December 22, 2021). The Top 25 Economies in The World.
13 and 14: IMF (October 2019). World Economic Outlook Database. Imf.org.
16 and 17: IMF (April 2021). World Economic Outlook Database. Imf.org.
18 and 19: Financial Experience (November 4, 2021). Recovery & Beyond: Indian economy is on an upswing.
20, 21, and 22: Statistics Times (June 17, 2021). Sector-wise GDP of India.
23: HDRO (December 11, 2019). HDRO (Human Development Report Office) United Nations Development Programme.
25: MOSPI. Home page: Government of India Ministry of Statistics and Programme Implementation.