Previous year MCQs

Economy UPPSC 2010 GS-I
Question

Which of the following statements is not true of the Indian Economy?

Answer & Solution

Answer: (Detailed Solution Below)

Option B: The share of service sector in India's GDP is only 25%

Detailed Solution:

The correct answer is “The share of service sector in India's GDP is only 25%”.
1) India population is equivalent to 17.78% of the total world population. India's contribution to global GDP in 2024 was approximately 3.4%. This makes it the world's fifth-largest (US > China > Germany > Japan > India > UK) economy.

2) Services sector contributes over 50 per cent to India's GDP.

3) As of 2023, approximately 45% of India's working population is engaged in agriculture. Share of agriculture in India's GDP declined to 15 per cent last fiscal year from "35 per cent" in 1990-91 due to rapid growth in the industrial and service sector

4) India occupies only 2.4% of the world's geographical area.

Similar Questions:

Consider the following statements and select the correct answer from the code given below:

Assertion(A): Economic development requires a multidimensional approach.
Reason(R): The present Government of India is focussing mainly on micro-economic issues.

Codes:
  1. A) Both (A) and (R) are true and (R) is correct explanation of (A).
  2. B) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  3. C) (A) is true, but (R) is false.
  4. D) (A) is false, but (R) is true.
In the 11th Five Year Plan, which of the following sectors accounts for maximum combined Central, State and U.T. expenditure?
  1. A) Transport
  2. B) Energy
  3. C) Agriculture and Rural Development
  4. D) Social sector
Which one of the following is not included in the "National Food Security Missions"?
  1. A) Oil seeds
  2. B) Wheat
  3. C) Rice
  4. D) Pulses
Which one of the following pairs is not correctly matched?
  1. A) Babar - Battle of Khanwa
  2. B) Humayun - Battle of Chausa
  3. C) Akbar - Battle of Haldighati
  4. D) Jahangir – Battle of Balkh
If interest payment is added to primary deficit, it is equivalent to:
  1. A) Budget deficit
  2. B) Fiscal deficit
  3. C) Deficit financing
  4. D) Revenue deficit
Buddha is depicted on the coins of
  1. A) Vima Kadphises
  2. B) Kanishka
  3. C) Nahapana
  4. D) Budhagupta
If interest payment is added to primary deficit, it is equivalent to:
  1. A) Budget deficit
  2. B) Fiscal deficit
  3. C) Deficit financing
  4. D) Revenue deficit
Which one of the following banks is under the control of the Reserve Bank of India?
  1. A) Exim Bank
  2. B) IDBI
  3. C) NABARD
  4. D) Central bank of India
Match List-I with List-II and select the correct answer from the codes given below the lists:
List-I List-II

A. Etna - 1. Ross Island
B. Vesuvius - 2. Ecuador
C. Erebus - 3. Italy
D. Cotopaxi - 4. Sicily

Codes:
A B C D
  1. A) 1 2 3 4
  2. B) 4 3 1 2
  3. C) 3 4 2 1
  4. D) 4 3 2 1
2016 Olympic Games will be held at:
  1. A) Chicago
  2. B) Madrid
  3. C) Rio de Janeiro
  4. D) Tokyo
Which one of the following biosphere reserves is not included in the list of world network of biosphere reserves of UNESCO?
  1. A) Manas
  2. B) Sunderban
  3. C) Gulf of Mannar
  4. D) Nilgiri
The "Eco Mark" Scheme was launched in 1991 to encourage consumers to buy products of less harmful environment impact. Which one of the following consumer products is not notified under this Scheme?
  1. A) Soaps and Detergents
  2. B) Paper and Plastics
  3. C) Cosmetics and Aerosols
  4. D) Drugs and Antibiotics