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 151–160 of 848 questions
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Explanation
The annual report on global hunger is produced through a joint effort by two prominent non-governmental organizations based in Ireland and Germany. This partnership ensures that hunger is tracked across various nations using a standardized methodology. Their work aims to raise awareness and provide data-driven insights to help the international community achieve the goal of zero hunger by identifying the most affected regions.I. It is calculated primarily using data from the Food and Agriculture Organization and UNICEF.
II. Child stunting refers to children who have low weight for their height.
III. Child wasting refers to children who have low height for their age.
IV. Undernourishment measures the share of the population with insufficient caloric intake.
V. India has consistently ranked in the top 20 countries with the lowest hunger levels.
Which of the above combinations of statements is incorrect?
Explanation
Hunger is measured using data on food supply and child health. Stunting refers specifically to low height for age, reflecting chronic undernutrition, while wasting denotes low weight for height, indicating acute nutritional stress. India has historically faced challenges in these areas and has not been ranked among the top twenty countries with the lowest hunger levels in recent international reports and assessments.| GHI Indicator | Underlying Condition Measured |
|---|---|
| A. Undernourishment | i. Acute undernutrition (low weight for height) |
| B. Child stunting | ii. Chronic undernutrition (low height for age) |
| C. Child wasting | iii. Inadequate food supply for the general population |
| D. Child mortality | iv. Unhealthy environment and inadequate nutrition causing fatal outcomes Options: |
Explanation
Different indicators in the hunger index measure specific nutritional problems. Undernourishment reflects general food shortages. Among children, stunting indicates long-term or chronic nutritional deficiencies, while wasting shows immediate or acute distress. Child mortality is an indicator of the fatal consequences of poor nutrition combined with an unhealthy environment. Together, these measures provide a comprehensive view of the severity of hunger.Explanation
During the late 1990s, a new measure was introduced to focus specifically on the deprivations people face rather than their average achievements. This metric was intended to complement existing human development assessments by highlighting the proportion of the population excluded from progress. It marked a significant step toward understanding the depth and distribution of poverty within both developing and high-income nations.Explanation
This poverty metric was designed in two versions to account for different economic contexts. The first version was tailored for developing countries, focusing on basic survival and literacy. The second version was created for high-income nations, adding a dimension for social exclusion, such as long-term unemployment. This distinction allowed for a more meaningful assessment of poverty relative to a country’s level of economic development.Statement I: The Human Poverty Index measured deprivations in the same three dimensions as the Human Development Index.
Statement II: The Human Poverty Index was ultimately discontinued and replaced by the Multidimensional Poverty Index.
Which of the following is correct?
Explanation
The older poverty metric focused on the same core dimensions of health, education, and standard of living as the standard human development index. It measured the lack of progress in these areas rather than average gains. Eventually, it was discontinued and replaced by a more sophisticated household-level measure that could identify the specific individuals suffering from multiple overlapping deprivations simultaneously.Reason (R).
Assertion (A): The Human Poverty Index was largely replaced by the Multidimensional Poverty Index globally.
Reason (R): The Human Poverty Index used macro-level averages and could not identify which specific individuals or households were experiencing multiple overlapping deprivations.
Explanation
The transition to a newer poverty measure occurred because the older version relied on national-level averages. These averages could not show if the same individual was suffering from several different problems at once, such as being both uneducated and malnourished. The newer multidimensional approach solves this by using household data to identify exactly how many people face multiple simultaneous deprivations.Explanation
The evolution of measuring human progress began with a broad index in 1990. Seven years later, a specific measure focusing on deprivations was introduced to better understand the poor. Finally, in 2010, the international community shifted to a multidimensional approach that identifies overlapping hardships at the household level. This chronological progression reflects an increasing sophistication in how global development and poverty are understood.Explanation
This modified index provides a more realistic view of human progress by adjusting the average achievements in health, education, and income for their distribution across the population. If resources are concentrated among a few, the index value drops significantly. It essentially shows the actual level of development that an average person experiences, taking into account the impact of internal social and economic inequalities.Answer key for these questions
| Q | Correct answer |
|---|---|
| 151 | (d) Maternal undernutrition |
| 152 | (c) Concern Worldwide and Welthungerhilfe |
| 153 | (b) II, III and V |
| 154 | (a) A-iii, B-ii, C-i, D-iv |
| 155 | (b) 1997 |
| 156 | (c) For developing and high-income OECD nations |
| 157 | (a) Both Statement I and Statement II are correct |
| 158 | (a) Both A and R are true and R is the correct explanation of A. |
| 159 | (b) Human Development Index, Human Poverty Index, Multidimensional Poverty Index |
| 160 | (c) Accounting for distribution-based inequalities |
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.