India Growth & Key Indicators — Set 6
Economy Advanced · भारत की वृद्धि और मुख्य संकेतक · Questions 51–60 of 100
India's total merchandise export for 2022-23 was approximately:
Correct Answer: B. $450 billion
India's merchandise exports reached approximately $450 billion in 2022-23, close to the target set under the Foreign Trade Policy. Petroleum products, engineering goods, gems and jewellery, chemicals, and pharmaceuticals are top export categories. The USA, UAE, China, Netherlands, and UK are India's top export destinations. India set a target of $1 trillion merchandise exports by 2030.
India's rank in the Networked Readiness Index (NRI) or ICT Development is tracked by which report?
Correct Answer: D. Both A and B
The correct answer is Both A and B. India's digital connectivity and ICT readiness is tracked by both the WEF Network Readiness Index (previously Global Information Technology Report) and the ITU (International Telecommunication Union) ICT Development Index. India has improved significantly with over 800 million internet users, strong UPI adoption, and digital public infrastructure like IndiaStack, Aadhaar, and DigiLocker. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
India's total population crossed 1.4 billion surpassing China in which year?
Correct Answer: B. 2023
India surpassed China to become the world's most populous country in 2023, as per UN Population Fund (UNFPA) and World Population Prospects. India's population crossed 1.428 billion in 2023 while China's started declining. India's population is projected to peak around 1.7 billion by 2060-65 before declining. Uttar Pradesh is India's most populous state.
India's Incremental Capital-Output Ratio (ICOR) of 4 means:
Correct Answer: B. 4 units of capital needed for 1 unit of additional output
ICOR (Incremental Capital-Output Ratio) of 4 means 4 units of additional capital investment are required to produce 1 unit of additional output (GDP). A lower ICOR indicates higher capital efficiency. India's ICOR has typically been around 4–4.5 in plan periods. China's ICOR is often cited as being lower, indicating more efficient capital use, partly explaining China's higher growth with similar investment rates.
The Atal Innovation Mission (AIM) established Atal Tinkering Labs (ATLs) in schools with a grant of:
Correct Answer: B. ₹20 lakh per school
Atal Tinkering Labs (ATLs) are innovation labs set up under Atal Innovation Mission (AIM) in schools with a grant of ₹20 lakh per school (₹10 lakh for setup and ₹10 lakh operational expenditure over 5 years). Over 10,000 ATLs have been established across India. They provide students with tools like 3D printers, robotics, IoT devices, and electronics to foster innovation and problem-solving.
India's rank in the World Bank's Logistics Performance Index (LPI) 2023 was:
Correct Answer: A. 38
India ranked 38th in the World Bank's Logistics Performance Index (LPI) 2023, a significant improvement from 44th in 2018. The LPI measures trade logistics competence across customs, infrastructure, international shipments, logistics quality, tracking and tracing, and timeliness. Singapore leads the LPI. India's improvement reflects upgrades in road, rail, port infrastructure under PM Gati Shakti and National Logistics Policy 2022.
NFHS-5 data showed what percentage of children under 5 in India were stunted (low height for age)?
Correct Answer: B. 35.5%
NFHS-5 (2019-21) reported that 35.5% of children under 5 in India were stunted (low height-for-age), down from 38.4% in NFHS-4 (2015-16). Stunting is a sign of chronic undernutrition and impairs physical and cognitive development. Despite progress, India still has one of the highest absolute numbers of stunted children globally. States like UP, Bihar, and Jharkhand have highest stunting rates.
India's remittances from overseas Indians in 2022-23 were approximately:
Correct Answer: C. $112 billion
India received approximately $112 billion in remittances in 2022-23, making India the world's largest recipient of remittances, ahead of Mexico, China, Philippines, and Egypt. Remittances are sent primarily from the USA, UAE, Saudi Arabia, UK, and other Gulf countries. They contribute significantly to India's BoP, help stabilize the rupee, and support household incomes in states like Kerala, UP, and Maharashtra.
India's Net National Income (NNI) differs from GDP by:
Correct Answer: B. Subtracting depreciation and adding/subtracting NFIA
NNI = GDP − Depreciation (Capital Consumption Allowance) + Net Factor Income from Abroad (NFIA). First GDP is converted to GNP by adding NFIA (income of Indians abroad minus income of foreigners in India), and then depreciation is subtracted to get NNI. NNI is considered the most accurate measure of a nation's income as it accounts for capital wear and includes global income of residents.
India's per capita income at current prices crossed ₹1 lakh per annum for the first time in:
Correct Answer: B. 2018-19
India's per capita Net National Income (NNI) at current prices crossed ₹1 lakh (₹1,00,474) for the first time in 2018-19. By 2023-24, it has reached approximately ₹1.84 lakh. This milestone was widely reported as a symbol of economic progress, though per capita figures mask wide inequality between the top and bottom income percentiles.