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 401–410 of 848 questions
Browse Indian Economy chapters
| Land Reform Terms | Meanings |
|---|---|
| A. Chakbandi | i. The process of creating multiple layers of intermediaries between the state and the tiller |
| B. Bhoodan | ii. Consolidation of fragmented land holdings |
| C. Sub-infeudation | iii. Owners living away from the land and extracting rent without participating in cultivation |
| D. Absentee Landlordism | iv. Voluntary donation of land by large owners for the landless |
Explanation
Various terms describe specific aspects of land relations. Chakbandi refers to the consolidation of fragmented plots. Bhoodan was a movement for the voluntary donation of land to the landless. Sub-infeudation describes the creation of layers of intermediaries. Absentee landlordism occurs when owners live far from their land and extract rent without participating in the actual cultivation process.Explanation
Consolidating land holdings offers several practical advantages, such as reducing time spent moving between scattered plots and facilitating mechanization. It also helps minimize boundary disputes and litigation among neighboring farmers. However, consolidation has no direct or automatic impact on the Minimum Support Price. MSP is a policy decision made by the central government based on nationwide market conditions.I. Emotional attachment of farmers to their ancestral lands.
II. Wide variations in the quality and fertility of soil across different plots.
III. Lack of updated and accurate land records.
IV. Fear of displacement among small and marginal farmers.
V. Shortage of trained revenue officials to execute the complex exchange process.
Which of the above statement(s) accurately reflecting these challenges is/are correct?
Explanation
Implementing land consolidation faces several hurdles. Farmers often have deep emotional attachments to ancestral lands, making them reluctant to exchange plots. Differences in soil fertility and quality across areas complicate fair exchanges. Furthermore, inaccurate land records and a lack of trained revenue officials hinder the process. Small farmers also fear displacement or receiving inferior land during the complex reorganization.Explanation
Cooperative farming and collective farming differ primarily in their approach to land ownership. In a cooperative farming setup, individual members pool their land and resources for joint cultivation but retain their private ownership rights. In contrast, collective farming usually involves the complete surrender of individual property rights to the state or a central authority, with members working as laborers.I. Registration of the society with the Registrar of Cooperative Societies.
II. Minimum required number of farmers agreeing to pool their land and resources.
III. Election of a management committee by the general body.
IV. Drafting the bye-laws of the society.
Explanation
Forming a cooperative farming society involves a specific legal and organizational sequence. First, a group of farmers must agree to pool their land and resources. They then draft the bye-laws of the society. The next step is official registration with the Registrar of Cooperative Societies. Finally, the general body of the society elects a management committee to oversee operations.Explanation
The 97th Constitutional Amendment Act of 2011 was a landmark piece of legislation that provided constitutional status and protection to cooperative societies in India. It inserted Article 43B into the Directive Principles of State Policy, mandating the state to promote voluntary formation, autonomous functioning, and democratic control of cooperatives. This amendment aimed to professionalize and strengthen the cooperative movement nationwide.Explanation
Despite significant government support during the early planning eras, cooperative farming failed to gain traction in India. The most prominent sociological factor was the strong sense of individualism among farmers. Many feared that pooling their plots would eventually lead to the permanent loss of their proprietary rights over ancestral land, which remains a primary source of status and security.Assertion (A): Cooperative farming achieved widespread adoption and permanent success across all states in India during the 1960s.
Reason (R): Small and marginal farmers feared that pooling land would eventually lead to the loss of their individual ownership rights.
Explanation
Cooperative farming did not achieve widespread or permanent success across India during the 1960s; instead, it largely failed to gain popularity among the rural masses. The reason for this failure was the deep-seated fear among small and marginal farmers that pooling their land would lead to the eventual loss of their individual ownership rights and control.Explanation
Dr. M.S. Swaminathan is widely celebrated as the father of the Green Revolution in India. As a renowned geneticist, he played a pivotal role in introducing and developing high-yielding varieties of wheat and rice. His vision and leadership helped transform India from a food-deficient nation to one of the world’s leading agricultural producers, ensuring national food security.Answer key for these questions
| Q | Correct answer |
|---|---|
| 401 | (b) Amalgamating fragmented land parcels into a single compact block. |
| 402 | (a) A-ii, B-iv, C-i, D-iii |
| 403 | (c) Automatic increase in the Minimum Support Price (MSP) for crops grown on consolidated land. |
| 404 | (d) I, II, III, IV and V |
| 405 | (c) Individual members retain land ownership in cooperative farming, unlike collective farming. |
| 406 | (a) II, IV, I, III |
| 407 | (d) 97th Amendment Act, 2011 |
| 408 | (a) Individualism and fear of losing proprietary rights over ancestral land. |
| 409 | (d) A is false but R is true. |
| 410 | (a) M.S. Swaminathan |
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.