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Questions and Answers
What percentage of internet penetration did India surpass in 2022?
What percentage of internet penetration did India surpass in 2022?
How many beneficiaries have been reached under the Direct Benefit Transfer (DBT) scheme facilitated by Aadhar?
How many beneficiaries have been reached under the Direct Benefit Transfer (DBT) scheme facilitated by Aadhar?
As of January 2024, what percentage of active Jan Dhan account holders are women?
As of January 2024, what percentage of active Jan Dhan account holders are women?
What was the estimated GDP growth rate of India for the fiscal year 2024?
What was the estimated GDP growth rate of India for the fiscal year 2024?
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What was the target for India's current account deficit as a percentage of GDP in the fiscal year 2024?
What was the target for India's current account deficit as a percentage of GDP in the fiscal year 2024?
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What is the projected capacity of green energy India aspires to achieve by 2030?
What is the projected capacity of green energy India aspires to achieve by 2030?
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Which sector contributes the largest percentage of India's exports?
Which sector contributes the largest percentage of India's exports?
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Which country is India identified as the second-largest for smartphone markets after?
Which country is India identified as the second-largest for smartphone markets after?
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How many million households in India had a disposable income of more than $10,000 by 2015?
How many million households in India had a disposable income of more than $10,000 by 2015?
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What percentage of GDP is contributed by the Indian telecommunications industry?
What percentage of GDP is contributed by the Indian telecommunications industry?
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In which year did India's automotive industry become the third largest vehicle market in the world?
In which year did India's automotive industry become the third largest vehicle market in the world?
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What is the contrasting statistic about India's demographic advantage?
What is the contrasting statistic about India's demographic advantage?
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By 2021, how many pharmaceutical companies were operating in India?
By 2021, how many pharmaceutical companies were operating in India?
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What form of government has India operated under since 1950?
What form of government has India operated under since 1950?
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Which of the following statements accurately reflects India's status after independence in 1947?
Which of the following statements accurately reflects India's status after independence in 1947?
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Which religious movement emerged in Punjab during India's historical development?
Which religious movement emerged in Punjab during India's historical development?
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What was a significant turning point in India's path to independence?
What was a significant turning point in India's path to independence?
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What significant change occurred in India in 1858?
What significant change occurred in India in 1858?
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What economic challenges did India face before emerging as a rival to China?
What economic challenges did India face before emerging as a rival to China?
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What was the nature of the relationship between India and the British Empire during the colonial period?
What was the nature of the relationship between India and the British Empire during the colonial period?
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Which empire ruled India for two centuries, leading to a long period of relative peace?
Which empire ruled India for two centuries, leading to a long period of relative peace?
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What was the participation percentage of the manufacturing sector in gross value added (GVA) in the fiscal year 2024?
What was the participation percentage of the manufacturing sector in gross value added (GVA) in the fiscal year 2024?
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Which significant achievement was noted regarding India's implementation of 5G technology?
Which significant achievement was noted regarding India's implementation of 5G technology?
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Which sector saw a rise in its GVA contribution from 51.1% in the fiscal year 2014 to 54.6% in the fiscal year 2024?
Which sector saw a rise in its GVA contribution from 51.1% in the fiscal year 2014 to 54.6% in the fiscal year 2024?
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What factor contributed to the unsustainable situation in the investment rate during the first decade?
What factor contributed to the unsustainable situation in the investment rate during the first decade?
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What was the percentage of GVA contributed by the construction sector in fiscal year 2024?
What was the percentage of GVA contributed by the construction sector in fiscal year 2024?
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What major infrastructure concerns did the government address to boost infrastructure projects?
What major infrastructure concerns did the government address to boost infrastructure projects?
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What was the average growth rate of GDP in India during the 1980s?
What was the average growth rate of GDP in India during the 1980s?
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What impact did the pandemic have on the services sector's contribution to GVA?
What impact did the pandemic have on the services sector's contribution to GVA?
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What designation was given to India in the context of fragile economies?
What designation was given to India in the context of fragile economies?
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Which event contributed to the balance of payments crisis in India in 1991?
Which event contributed to the balance of payments crisis in India in 1991?
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What was one of the key measures implemented during the economic reforms of 1991 in India?
What was one of the key measures implemented during the economic reforms of 1991 in India?
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What economic change occurred in India as a result of the balance of payments crisis in 1990-91?
What economic change occurred in India as a result of the balance of payments crisis in 1990-91?
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Which of the following structural challenges affected India’s economy prior to 2014?
Which of the following structural challenges affected India’s economy prior to 2014?
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What key initiative aimed to address rural health needs in India was launched in the early 2000s?
What key initiative aimed to address rural health needs in India was launched in the early 2000s?
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What was the primary factor that contributed to the increase in unemployment rates prior to 2024?
What was the primary factor that contributed to the increase in unemployment rates prior to 2024?
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Which decade saw India achieving an average GDP growth of 6.3% annually?
Which decade saw India achieving an average GDP growth of 6.3% annually?
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Which of the following statistics reflects India's economic performance during the fiscal year 2022?
Which of the following statistics reflects India's economic performance during the fiscal year 2022?
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What consequence did the severe drought in 1965 have on India?
What consequence did the severe drought in 1965 have on India?
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How much did the Indian Rupee devalue during the barriers of the 1970s?
How much did the Indian Rupee devalue during the barriers of the 1970s?
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What significant development in infrastructure occurred in India between 2014 and 2023?
What significant development in infrastructure occurred in India between 2014 and 2023?
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Which of the following statements best describes the youth employment trend post-2023 in India?
Which of the following statements best describes the youth employment trend post-2023 in India?
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Which of the following was NOT a focus of India's economic reforms during the 1980s?
Which of the following was NOT a focus of India's economic reforms during the 1980s?
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What role did the private sector play in India's economy during the 1990s and 2000s?
What role did the private sector play in India's economy during the 1990s and 2000s?
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Which of the following statements accurately describes the economic situation in India during the decade 2014-2024?
Which of the following statements accurately describes the economic situation in India during the decade 2014-2024?
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Study Notes
India's History and Economy
- Republic Status: India became a republic in 1950, operating under a democratic parliamentary system.
- Military and Nuclear Power: India is a significant nuclear power with a substantial military budget.
- Multilingual and Multiethnic Society: India has diverse languages and ethnicities, with numerous religions like Hinduism, Islam, Christianity, Buddhism, and others.
- Colonial Past: The British East India Company established colonial rule, followed by British Crown control. India's resources and labor were exploited under British rule.
- Independence Achieved: India gained its independence in 1947, resulting in a division into two countries (India and Pakistan) marked by significant human suffering.
India's Economic Importance
- Fifth Largest Economy: India ranks as the fifth largest economy globally in terms of GDP (gross domestic product).
- Economic Growth: India’s economy has experienced impressive growth, surpassing the UK in economic size
- GDP Growth Projections: Future projections forecast continued strong growth, potentially placing India among the top three largest economies within the next decade..
- Poverty Rate Decline: India has seen a substantial reduction in its poverty rate, though it still faces challenges in eradication of poverty completely.
- Importance Projections: India's growing economy is poised to play an increasingly significant role in global economic affairs and is projected to be the world's third largest economy in some projections.
- Youthful Population: India's large and young workforce is viewed as a significant benefit to its economic growth.
Sectors and Future of India
- Telecommunications: India is a major telecommunications market with over 1.2 billion subscribers, surpassing the US in smartphone and mobile phone market size
- Pharmaceuticals: A key global player with over 3,000 pharmaceutical companies and 10,500 manufacturing units.
- IT & BPM: Significant contribution to India's GDP and exports, with over 2.8 million professionals and reaching USD 100 billion in revenue in 2011.
- Manufacturing: Make In India initiatives are boosting manufacturing, contributing to high GDP growth rates
- Population Growth: The youthful Indian population is becoming more digitally fluent and is projected to support continued economic growth. Increased demand in exports.
Challenges Facing India
- Infrastructure Gaps: Continued need for investments in infrastructure, including roads, communication networks, and power grids, to support economic growth.
- Inequality: Issues with income distribution need addressing to ensure shared prosperity for the entire population
- Rural Poverty: Significant challenges in rural areas are impacting economic performance.
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Description
Explore the significant events and developments in India's history, from gaining independence in 1947 to becoming a key economic player globally. This quiz covers India's diverse society, military status, and economic growth, highlighting its transformation into a republic and a major economy.
