Practice

Economic Growth, Development and Sustainable Development: RAS Prelims MCQs

99 RAS Prelims MCQs on economic growth, development and sustainable development test the national income aggregates and the difference between growth and development. Nominal and real GDP, GDP and GNP, NDP, national income, per capita income and the factors that raise growth are asked as definitions and relationships, and each explanation shows how the aggregates are linked.

Practice questions based on the RPSC RAS Prelims syllabus. They follow the exam pattern but are not past-paper questions.

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RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q51. In the context of sustainable development, the concept of "intergenerational equity" primarily refers to:
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q52. Which of the following best describes "intragenerational equity" in sustainable development?
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q53. Consider the following principles generally associated with sustainable development:
I. Conservation of biodiversity.
II. Integration of environmental considerations into economic planning.
III. Pursuit of economic growth without any ecological limits.
IV. Promotion of social equity and poverty eradication.
V. Reliance on non-renewable energy sources for rapid industrialization.
Which of the above statement(s) is/are correct?
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q54. Match List I with List II and select the correct answer using the codes given below:
International EventsKey Outcomes/Themes
A. Stockholm Conference (1972)i. Formulated Agenda 21 for sustainable development in the 21st century.
B. 1987 Commission Reportii. First global conference making the environment a major issue.
C. Rio Earth Summit (1992)iii. Coined the classic definition of Sustainable Development.
D. Johannesburg Summit (2002)iv. Focused heavily on partnerships for sustainable development and poverty eradication.
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q55. Which of the following correctly pairs Sustainable Development Goal (SDG) 1 and SDG 2 respectively?
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q56. The Sustainable Development Goals (SDGs) were adopted by all United Nations Member States to serve as a shared blueprint for peace and prosperity for people and the planet. What is the target year for achieving these goals?
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q57. A major difference between the Millennium Development Goals (MDGs) and the Sustainable Development Goals (SDGs) is that:
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q58. The following question consists of two statements, Assertion (A) and Reason (R). Choose the correct option.
Assertion (A): The Sustainable Development Goals (SDGs) are often described as indivisible and integrated.
Reason (R): Progress in one SDG is inherently linked to progress in others, meaning economic, social, and environmental dimensions must be balanced simultaneously.
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q59. SDG 13 calls for urgent action to combat a specific global challenge. Which of the following is the focus of SDG 13?
RAS Prelims Indian Economy · Economic Growth, Development and Sustainable Development
Q60. The concept of "Green GDP" adjusts conventional Gross Domestic Product (GDP) by accounting for:

Answer key for these questions

QCorrect answer
51(d) Equity across future generations.
52(c) Equity within current populations.
53(a) I, II and IV only
54(a) A-ii, B-iii, C-i, D-iv
55(a) No Poverty; Zero Hunger
56(c) 2030
57(a) Universal application of SDGs.
58(a) Both A and R are true and R is the correct explanation of A.
59(b) Climate action
60(c) Natural resource/environmental loss.

Key facts from Economic Growth, Development and Sustainable Development

  • Real GDP differs from nominal GDP because it is adjusted for price level changes (inflation).
  • In the value-added method, the value of intermediate consumption is deducted from the value of output.
  • GNP differs from GDP by the inclusion of net factor income from abroad.
  • Net Domestic Product is obtained by deducting depreciation from Gross Domestic Product.
  • National Income is equivalent to Net National Product at factor cost.
  • Per capita income is national income divided by total population, and it masks welfare because it leaves out unpaid domestic work and leisure.

Frequently asked questions

How many RAS Prelims practice MCQs are there on Economic Growth, Development and Sustainable Development?

This page has 99 practice MCQs on Economic Growth, Development and Sustainable Development (Indian Economy). Each has the correct answer, and most have an explanation.

What is the difference between nominal and real GDP?

Nominal GDP is measured at current prices, and real GDP is adjusted for price level changes (inflation) by using the prices of a base year. Real GDP therefore shows the actual growth in the volume of output.

How does GNP differ from GDP?

GNP includes net factor income from abroad, that is income earned by a country’s residents abroad minus income earned by foreigners in the country. GDP counts only the output produced within the domestic territory.

What is National Income?

National Income is the Net National Product at factor cost. It is obtained from GDP by adding net factor income from abroad, deducting depreciation and subtracting indirect taxes net of subsidies.