In 2019, India's ten largest trading partners were USA, China, UAE, Saudi Arabia, Hong Kong, Iraq. Singapore, Germany, South Korea and Switzerland. In 2018 19, the Foreign Direct Investment (FDI) in India was $64.4 billion with service sector, computer and telecom industry remains leading sectors for FDI inflows. India has free trade agreements with several nations, including ASEAN, SAFTA, Mercosur, South Korea, Japan and few other which are in effect or under negotiating stage. The service sector makes up 55.6% of GDP and remains the fastest growing sector, while the industrial sector and the agricultural sector employs a majority of the labor force. The Bombay Stock Exchange and National Stock Exchange are one of the World's largest stock exchanges by market capitalization. India is the world's sixth-largest manufacturer, representing 3% of global manufacturing output and employs over 57 million people. Nearly 66% of India's population is rural whose primary source of livelihood is agriculture and contributes less than 50% of India's GDP. It has the world's fifth-largest foreign-exchange reserves worth Rs. 38,832.21 billion (US $540 billion). India has a high national debt with 68% of GDP, while its fiscal deficit remained at 3.4% of GDP. However, as per 2019 CAG report, the actual fiscal deficit is 5.85% of GDP. India's government-owned banks faced mounting bad debt, resulting in low credit growth; simultaneously the NBFC sector has been engulfed in a liquidity crisis. India faces high unemployment, rising income inequality and major slump in aggregate demand.

On the basis of the above passage, given answers to question

1. India has significant trading partners from which of the following regions:

(a) Europe

(b) America

(c) Asia

(d) Africa

Choose the correct answer from the options given below :

(a) (a), (b), (c) only

(b) (b), (c), (d) only

(c) (a), (b), (d) only

(d) (a) and (d) only

2. Which of the following sectors have significant Foreign Direct Investment (FDI) in India?

(a) Service Sector

(b) Secondary Sector

(c) Primary Sector

(d) Fisheries and Animal Husbandry

Choose the correct given below : answer from the options

(a) (a) and (b) only

(b) (b) and (c) only

(c) (c) ad (d) only

(d) (a) and (d) only

3. Which among the following statements is the correct one? (Choose the most appropriate


(a) India has a better trade relations with European countries

(b) MSE is the largest stock exchange in the world

(c) Indian primary sector is contributing less as compared to other sectors

(d) India attracts highest FDI from USA

4. The comptroller and Auditor General has reported a different estimate than of governments, in terms of :

(a) GDP

(b) Fiscal Deficit

(c) FDI

(d) Liquidity of private banks

5. Which of the following has not been articulated in the passage?

(a) GDP Growth

(b) Currency flows

(c) Liquidity

(d) Demographics

Choose the correct answer from the options given below :

(a) a and b only

(b) b and c only

(c) b only

(d) c and d only


1 - a

2 - a

3 - c

4 - b

5 - c