Gems and Jewellery Industry

General Knowledge Test with questions about different types of economies for exams like UPSC, SSC, UPPSC, Banking, RPSC, MPSC, KAS, MPPSC, and others.

1. Which country has the largest diamond cutting industry in the world?

  1. China
  2. India
  3. Russia
  4. South Africa
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Answer: Option B. India

2. How much do gems and jewelry contribute to India’s GDP?

  1. 7%
  2. 15%
  3. 3%
  4. 10%
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Answer: Option A. 7%

3. What is India’s export share in the global processed diamond market?

  1. 75%
  2. 50%
  3. 25%
  4. 10%
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Answer: Option A. 75%

4. What is India’s global share of processed diamonds?

  1. 70%
  2. 50%
  3. 30%
  4. 90%
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Answer: Option D. 90%

5. How much do Gems and Jewellery contribute to India’s merchandise exports?

  1. 25%
  2. 10%
  3. 15%
  4. 5%
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Answer: Option C. 15%