Practice

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.

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Showing 151–160 of 848 questions

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RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q151. Which of the following is NOT one of the four component indicators of the Global Hunger Index?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q152. The Global Hunger Index report is co-published annually by which two organizations?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q153. Consider the following statements regarding the Global Hunger Index:
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?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q154. Match the items in List I with those in List II:
GHI IndicatorUnderlying Condition Measured
A. Undernourishmenti. Acute undernutrition (low weight for height)
B. Child stuntingii. Chronic undernutrition (low height for age)
C. Child wastingiii. Inadequate food supply for the general population
D. Child mortalityiv. Unhealthy environment and inadequate nutrition causing fatal outcomes Options:
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q155. The Human Poverty Index was initially introduced by the United Nations Development Programme in the Human Development Report of which year?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q156. Which of the following appropriately distinguishes HPI-1 and HPI-2 developed by the UNDP?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q157. Read the following statements carefully:
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?
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q158. Given below are two statements, one is labelled as Assertion (A) and the other is labelled as
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.
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q159. Choose the correct chronological sequence representing the evolution of poverty measurement approaches adopted by the United Nations Development Programme:
RAS Prelims Indian Economy · Measurement of Development: HDI and Related Indices
Q160. The Inequality-adjusted Human Development Index determines the level of human development when:

Answer key for these questions

QCorrect 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.