Survey points out for the first time in Indias history that five States Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for a whopping.....of Indias exports.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Survey points out for the first time in India’s history that five States Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for a whopping____of India’s exports.

A	50%
B	80%
C	70%
D	40%

Explanation:

Detailed explanation-1: -With this improving growth rate on export, Tamil Nadu, Maharashtra, Karnataka, Telangana, and Gujarat are 5 states that have 70 percent of global exports.

Detailed explanation-2: -Last updated: The Economic Survey 2016-17, was tabled in the Parliament on January 31, 2017, by Mr Arun Jaitley, Union Minister for Finance, Government of India. The Survey forecasts a growth rate of 6.75 to 7.5 per cent for FY18, as compared to the expected growth rate of 6.5 per cent in FY17.

Detailed explanation-3: -At the time of independence, India was a major exporter of raw material such as raw silk, cotton, wool, sugar, indigo, jute, etc. At that time, India used to import finished consumer goods such as cotton, silk and light machinery from factories of Britain.

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