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 751–760 of 848 questions
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RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q751. Consider the following functions: I. Providing concessional funding to private entities for setting up training centers. II. Directly administering and examining candidates in all government-run public schools. III. Enabling support systems such as quality assurance, information systems, and train-the-trainer academies. IV. Regulating the fiscal policy and corporate tax rates for manufacturing industries. Which of the above functions of the National Skill Development Corporation (NSDC) are incorrect?
Explanation
NSDC gives funding to private training providers and builds support systems such as quality assurance, information systems and train-the-trainer academies. It does not examine candidates in government schools or regulate fiscal policy, so II and IV are incorrect.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q752. Which of the following statements regarding the Recognition of Prior Learning (RPL) component of PMKVY is incorrect?
Explanation
Recognition of Prior Learning certifies the informally acquired skills of uncertified workers against the NSQF and builds their self-esteem. Candidates do not pay a heavy examination fee, so B is incorrect.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q753. Consider the following institutional milestones in India’s skill development ecosystem: I. Formation of National Skill Development Corporation (NSDC) II. Creation of Ministry of Skill Development and Entrepreneurship (MSDE) III. Establishment of the first Industrial Training Institutes (ITIs) IV. Launch of the National Skill Development Mission (NSDM) Which of the following represents the correct chronological order of these milestones?
Explanation
The first ITIs came in the 1950s, NSDC was formed in 2008, the Ministry of Skill Development and Entrepreneurship in 2014 and the National Skill Development Mission in 2015. The order is III, I, II, IV.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q754. The grading system introduced for Industrial Training Institutes (ITIs) by the Directorate General of Training (DGT) primarily serves to:
Explanation
The grading of ITIs by the Directorate General of Training categorises them from 1 to 5 stars, which guides students and employers.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q755. Consider the following statements about unemployment types: I. Seasonal unemployment is most prevalent in the Indian agricultural sector. II. Frictional unemployment is considered harmful and indicates an economy in deep recession. III. Disguised unemployment means that the marginal productivity of an extra worker is zero or negative. IV. Cyclical unemployment is irrelevant in modern capitalist economies. V. Structural unemployment can be solved simply by lowering interest rates. Which of the above statement(s) is/are incorrect?
Explanation
Seasonal unemployment is common in Indian agriculture and disguised unemployment means zero or negative marginal productivity, so I and III are correct. Frictional unemployment is not a sign of deep recession, cyclical unemployment is relevant and structural unemployment is not solved by lowering interest rates, so II, IV and V are incorrect.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q756. The initiative ‘GeoMGNREGA’ was introduced to:
Explanation
The GeoMGNREGA initiative leverages advanced space technology and Geographic Information Systems to enhance the transparency and accountability of the rural employment scheme. By geo-tagging every asset created, such as check dams or roads, the government can track physical progress and verify the existence of projects in real-time. This digital mapping ensures that public funds are utilized effectively for the creation of durable community infrastructure.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q757. Which of the following establishments is explicitly excluded from claiming benefits under the PM Rozgar Protsahan Yojana (PMRPY)?
Explanation
The Pradhan Mantri Rozgar Protsahan Yojana specifically targets the entry-level workforce to promote formal job creation. To qualify for the government-paid pension and provident fund contributions, the new employees must have a monthly wage of fifteen thousand rupees or less. Workers earning above this threshold are not covered under the scheme’s incentives, as the primary goal is to support low-wage workers in the informal sector.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q758. Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The proliferation of technology-driven start-ups has a complex impact on employment generation. Reason (R): While start-ups create new high-skilled jobs in tech sectors, their capital-intensive and automated models can sometimes displace traditional routine jobs. In the context of the above statements, which one of the following is correct?
Explanation
Technology-driven start-ups have a dual impact on the national employment landscape. While they generate high-skilled opportunities in software development, data science, and engineering, their reliance on automation and capital-intensive models can displace traditional job roles. This complexity necessitates a balanced approach to economic planning, focusing on both the promotion of innovation and the widespread reskilling of the workforce to adapt to digital shifts.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q759. The ‘Atmanirbhar Bharat Abhiyan’ is based on five foundational pillars. Which of the following is NOT one of the five official pillars?
Explanation
The Atmanirbhar Bharat Abhiyan is built upon five foundational pillars designed to create a self-reliant India. These include the economy, infrastructure, a technologically driven system, vibrant demography, and demand. The inclusion of autocratic governance is entirely incorrect, as the initiative operates within a democratic framework aiming to empower citizens and businesses through structural reforms, improved supply chains, and enhanced domestic manufacturing capabilities.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q760. Which of the following demographic segments is most appropriately referred to as the "working-age population" in the context of calculating India’s demographic dividend?
Explanation
In the context of the demographic dividend, the working-age population is traditionally defined as the cohort between fifteen and fifty-nine years of age. This group represents the productive engine of the economy. A high proportion of individuals in this age bracket, compared to dependents like children and the elderly, allows a nation to achieve higher economic growth through increased labor supply and savings.
Answer key for these questions
Q
Correct answer
751
(b) II and IV only
752
(b) Candidates certified under RPL are required to pay a hefty examination fee to the government.
753
(a) III, I, II, IV
754
(d) Categorizing ITIs from 1 to 5 stars to guide students and employers
755
(b) II, IV, and V only
756
(b) Using space technology and GIS for geo- tagging assets created under MGNREGA
757
(a) Establishments with employees earning more than Rs 15,000 per month
758
(a) Both A and R are true and R is the correct explanation of A.
759
(d) Autocratic Governance
760
(b) 15-59 years
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.
