III. General Knowledge of World & India : MCQ — 8 Practice Questions with Answers

Explanation

The Economic Survey 2023-24 noted that agriculture provides livelihood support to about 42.3% of the population and had an 18.2% share in GDP at current prices. This makes agriculture socially vital even though services dominate value added.

Explanation

The FY 2024-25 export record was not only a merchandise story. Official data highlighted services exports at about US$387.5 billion, up 13.6% over the previous year, which made services a major contributor to total export growth.

Explanation

The Survey identified Telecommunications, Computer and Information Services as a major Indian strength in services trade. It reported India as the second-largest exporter globally in this category, with about 10.2% of global exports.

Explanation

For April-November 2024, the Department of Commerce Annual Report ranked the USA as India's largest export destination, followed by the UAE and the Netherlands. The question tests direction of trade, not commodity composition.

Explanation

In FY24, the broad GVA pattern showed India as a services-led economy: services contributed 54.7% of overall GVA at current prices, while industry contributed 27.6% and agriculture 17.7%. Therefore, among the given broad sectors, services had the largest share.