Indian Economy: RAS Prelims MCQs
848 RAS Prelims practice MCQs on the Indian economy are on this page, in 10 chapters. They cover economic growth and development, the Human Development Index, monetary and fiscal policy and the Union Budget, fiscal federalism, agricultural development, industrial reforms and LPG, the service sector, energy and transport, skill development and employment, and social justice. Each question has an answer and an explanation.
Practice questions based on the RPSC RAS Prelims syllabus. They follow the exam pattern but are not past-paper questions.
Showing 91–100 of 848 questions
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Explanation
Kerala has consistently performed well and often secured the top rank in NITI Aayog’s SDG India Index. The state’s high performance is attributed to its strong social indicators, including excellent healthcare, high literacy rates, and proactive social welfare policies. These achievements align closely with many of the global Sustainable Development Goals, making Kerala a model for human development and sustainable progress within the Indian federal system.I. It is developed by NITI Aayog in collaboration with the United Nations.
II. It computes goal-wise scores on all 17 SDGs for every State and UT.
III. A score of 100 implies that the State/UT has achieved the targets set for 2030.
IV. It fosters competitive federalism among States to achieve sustainable development.
V. It focuses exclusively on environmental goals, ignoring social and economic parameters.
Which of the above statement(s) is/are correct?
Explanation
The SDG India Index is a collaborative effort that computes scores for all 17 goals across every state. A perfect score of 100 signifies the full achievement of 2030 targets. The index is a key tool for promoting competitive federalism. However, it is not limited to environmental goals; it covers the full range of social and economic parameters included in the United Nations’ global sustainable development framework.| NITI Aayog SDG Index Classification | Score Range |
|---|---|
| A. Aspirant | i. Score: 100 |
| B. Performer | ii. Score: 65-99 |
| C. Front Runner | iii. Score: 50-64 |
| D. Achiever | iv. Score: 0-49 |
Explanation
NITI Aayog uses a specific scoring system to categorize state performance. "Aspirants" are those with the lowest scores, while "Performers" fall in the middle range. "Front Runners" show high achievement, and an "Achiever" is any state that has reached a score of 100. This tiered system provides a clear roadmap for states to improve their rankings by focusing on specific developmental targets and policy interventions.Explanation
Environmental Impact Assessment is a systematic process used to evaluate the potential environmental consequences of a proposed project before a final decision is made. It ensures that decision-makers consider environmental effects early in the planning process. By identifying potential risks to air, water, and biodiversity, EIA helps in selecting projects that are environmentally sustainable and allows for the integration of mitigation measures to reduce negative impacts.Explanation
The public hearing is a crucial step in the EIA process in India. It provides a formal platform for local residents and stakeholders to express their concerns regarding the proposed project’s impact on their environment and livelihoods. This participatory approach ensures transparency and allows the government to incorporate local knowledge and community feedback into the final environmental clearance decision, balancing industrial needs with community welfare.Explanation
Scoping is the stage in the EIA process where the specific boundaries and key issues of the study are defined. During this phase, the Terms of Reference are set, which guide the investigators on what impacts to prioritize and what data to collect. Effective scoping ensures that the assessment focuses on the most significant environmental risks, making the study more efficient and relevant for the decision-making process.Assertion (A): Environmental Impact Assessment (EIA) is often viewed as a vital tool for achieving sustainable development.
Reason (R): EIA integrates environmental considerations into the planning and design stages of a project, preventing severe ecological damage and subsequent costly remedial measures.
Explanation
EIA is a fundamental tool for sustainable development because it forces the integration of environmental health into economic planning. By predicting potential damage during the design phase, projects can be modified to be less harmful. This proactive approach prevents the loss of natural capital and avoids the high costs of cleaning up pollution after a project is built. Consequently, EIA helps ensure that development does not come at an unacceptable environmental cost.Explanation
Post-project monitoring is the final phase of the EIA process, designed to ensure that the developer actually carries out the environmental safeguards promised during the assessment. It involves regular audits and inspections to verify that pollution levels remain within limits and that mitigation measures are effective. This ongoing oversight is essential for holding industries accountable and for protecting the environment throughout the operational life of the project.Explanation
National economic accounts measure the total value of market transactions within a country but ignore how wealth is distributed among citizens. A rising national income might benefit only a small elite while the majority remains impoverished. Consequently, this metric fails to indicate if growth is inclusive or equitable across different social segments, limiting its utility for development.Answer key for these questions
| Q | Correct answer |
|---|---|
| 91 | (b) Measuring State/UT SDG progress. |
| 92 | (c) Kerala |
| 93 | (a) I, II, III and IV only |
| 94 | (a) A-iv, B-iii, C-ii, D-i |
| 95 | (b) Pre-decision impact evaluation. |
| 96 | (b) Recording local stakeholder concerns. |
| 97 | (a) Scoping |
| 98 | (a) Both A and R are true and R is the correct explanation of A. |
| 99 | (d) Implementing mitigation measures. |
| 100 | (b) It does not reflect the distribution of income among the population |
Key facts from Indian Economy
- The RPSC syllabus lists economic concepts and the Indian economy as the first part of the Economy paper, followed by the economy of Rajasthan.
- Concept questions test definitions: nominal and real GDP, GNP and NDP, per capita income and the value-added method.
- Policy questions pair a tool with its effect, for example a rise in CRR reduces the lendable resources of banks.
- Scheme questions ask for the target group, ministry or year of schemes such as PMKVY, NAPS, PM SVANidhi and PM-SYM.
- Questions on Finance Commission and GST link the body to its Article, such as Article 280.
Frequently asked questions
How many RAS Prelims practice MCQs are there on Indian Economy?
This page has 848 practice MCQs on Indian Economy. Each has the correct answer, and most have an explanation.
Which chapters does the Indian economy set cover?
Ten chapters: economic growth, development and sustainable development; measurement of development (HDI); monetary and fiscal policy and the Union Budget; fiscal federalism and the Finance Commission; agricultural development; industrial growth and LPG reforms; the service sector; energy, transport and communication; skill development and employment; and social justice and empowerment.
Is the Indian economy in the RAS Prelims syllabus?
Yes. RPSC lists Economic Concepts and the Indian Economy as the first part of the Economy paper. The second part covers the economy of Rajasthan, which is on its own page.
How should I revise economy for RAS Prelims?
Learn the definitions and the cause-and-effect chains first, then the schemes with their year, ministry and target group. Attempt each chapter, read every explanation and keep a one-line note for each scheme and body.