PPSC Excise and Taxation Inspector 2018 Question Paper

Practice Mode:
37.

According to the Latest World Wealth Report, India's Ranking in the list of wealthiest countires in 2017 is :

A: 6th
B: 8th
C: 9th
D: 11th

The answer is: A

Explanation

Answer: A - 6th


According to the New World Wealth Report 2017, India ranked 6th among the world's wealthiest countries with a total wealth of $8,230 billion.

Top 10 Wealthiest Countries - 2017 Rankings:

1 : USA - $64,584 billion

2 : China - $24,803 billion

3 : Japan - $19,522 billion

4 : United Kingdom - $9,919 billion

5 : Germany - $9,660 billion

6 : India - $8,230 billion

7 : France - $6,649 billion

8 : Canada- $6,393 billion

9 : Australia - $6,142 billion

Key facts about India's 2017 ranking:

  • India's total wealth rose 25% from USD 6,584 billion  in  2016  to  USD 8,230  billion  in 2017, making it the best-performing wealth market globally in 2017.
  • Wealth = private assets of individuals including property, cash, equities and business interests. Government funds excluded.


India's ranking has changed across different years of the same report:

2015 → 10th
2016 → 7th
2017 → 6th
2018 → 6th (maintained)