Retail and Wholesale Trade

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

1. What is the Foreign Direct Investment (FDI) limit for online retail in India under the automatic route?

  1. 100% FDI is allowed under the automatic route
  2. 49% FDI is allowed under the automatic route
  3. 75% FDI is allowed under the automatic route
  4. 25% FDI is allowed under the automatic route
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Answer: Option A. 100% FDI is allowed under the automatic route

2. How much does the retail sector contribute to India’s GDP?

  1. 25% of India’s GDP
  2. 5% of India’s GDP
  3. 10% of India’s GDP
  4. 15% of India’s GDP
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Answer: Option C. 10% of India’s GDP

3. What is the contribution of the unorganized market to the Indian retail market?

  1. It accounts for 50% of the retail market
  2. It accounts for about 90% of the retail market
  3. It accounts for 30% of the retail market
  4. It accounts for 70% of the retail market
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Answer: Option B. It accounts for about 90% of the retail market

4. Which country has the largest retail space globally?

  1. United States
  2. China
  3. India
  4. Germany
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Answer: Option A. United States

5. What percentage of employment in India is provided by the retail sector?

  1. 20% of total employment
  2. 12% of total employment
  3. 3% of total employment
  4. 8% of total employment
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Answer: Option D. 8% of total employment