Q761. The National Commission for Enterprises in the Unorganised Sector (NCEUS), which provided critical insights into informal sector employment in India, was chaired by:
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 761–770 of 848 questions
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Q762. Identify the correct statement regarding legislation impacting women’s workforce participation in India:
Explanation
To support working mothers, the amended Maternity Benefit Act introduced several critical provisions, including the requirement for creche facilities in establishments with fifty or more workers. This legislation also increased paid maternity leave to twenty-six weeks. Such measures are essential for reducing the structural barriers that often force women to choose between their careers and childcare, thereby promoting higher workforce participation.
Q763. Consider the following statements regarding rural development and employment programs:
I. The PURA (Provision of Urban Amenities to Rural Areas) concept was envisioned by Dr. A.P.J. Abdul Kalam.
II. The Shyama Prasad Mukherji Rurban Mission aims to develop a cluster of smart villages.
III. These schemes intend to curb distress migration by bridging the rural-urban divide.
IV. Both schemes focus heavily on establishing large-scale metropolitan airports in villages.
Which of the above statement(s) is/are correct?
I. The PURA (Provision of Urban Amenities to Rural Areas) concept was envisioned by Dr. A.P.J. Abdul Kalam.
II. The Shyama Prasad Mukherji Rurban Mission aims to develop a cluster of smart villages.
III. These schemes intend to curb distress migration by bridging the rural-urban divide.
IV. Both schemes focus heavily on establishing large-scale metropolitan airports in villages.
Which of the above statement(s) is/are correct?
Explanation
Rural development initiatives like the smart cluster mission and the urban amenities concept aim to bridge the rural-urban divide. By improving local infrastructure and economic opportunities, these programs help reduce distress migration to cities. While they focus on creating essential services like healthcare, education, and digital connectivity within village clusters, the establishment of large-scale metropolitan airports is not part of their mandate.
Q764. Consider the following statements regarding the PM SVANidhi scheme:
Statement I: The scheme encourages the digital empowerment of street vendors by offering monthly cashback incentives on digital transactions.
Statement II: The scheme requires vendors to deposit heavy gold collateral to avail the working capital loan.
Which of the following is correct in respect of the above statements?
Statement I: The scheme encourages the digital empowerment of street vendors by offering monthly cashback incentives on digital transactions.
Statement II: The scheme requires vendors to deposit heavy gold collateral to avail the working capital loan.
Which of the following is correct in respect of the above statements?
Explanation
The PM SVANidhi scheme encourages the digital empowerment of street vendors by offering monthly cashback incentives to those who adopt electronic payment methods. This initiative helps vendors build a verifiable digital footprint. Importantly, the scheme is designed to be accessible to poor urban dwellers; therefore, it does not require any collateral, such as gold or property, to avail of the working capital loan.
Q765. Given below are two statements, one labeled as
Assertion (A) and the other as Reason (R):
Assertion (A): Disguised unemployment in agriculture does not negatively affect the total farm output if surplus workers are withdrawn.
Reason (R): The marginal physical productivity of the surplus workers in a situation of disguised unemployment is essentially zero. In the context of the above statements, which one of the following is correct?
Assertion (A) and the other as Reason (R):
Assertion (A): Disguised unemployment in agriculture does not negatively affect the total farm output if surplus workers are withdrawn.
Reason (R): The marginal physical productivity of the surplus workers in a situation of disguised unemployment is essentially zero. In the context of the above statements, which one of the following is correct?
Explanation
In many agricultural regions, the presence of more workers than necessary leads to disguised unemployment. Because the marginal physical productivity of these surplus laborers is essentially zero, their withdrawal does not decrease the total farm output. This situation indicates that the available labor is not being utilized efficiently, highlighting the urgent need for creating non-farm employment opportunities to absorb the excess rural workforce.
Q766. Match the technological trends of the "Future of Work" in List I with their primary employment implications in List II:
| Technological Trends | Employment Implications |
|---|---|
| A. Artificial Intelligence | i. Transition from long-term contracts to freelance, task-based work |
| B. Gig Economy Platforms | ii. Automation of cognitive tasks and data analysis |
| C. Blockchain Technology | iii. Demand for skills in secure, decentralized digital ledger systems |
| D. Internet of Things (IoT) | iv. Demand for hardware-software integration and smart sensor management |
Explanation
Technological advancements are fundamentally changing employment dynamics. Artificial intelligence automates complex cognitive tasks, while gig platforms facilitate a shift toward freelance work. Blockchain creates demand for experts in secure, decentralized ledgers. Additionally, the growth of interconnected devices requires professionals skilled in managing sensors and hardware-software integration. Understanding these implications is vital for aligning education and training with the evolving requirements of the global digital economy.
Q767. Consider the following stages of the skill acquisition and placement process:
Explanation
The standard process for skill development programs begins with mobilization, where potential candidates are identified and encouraged to enroll. Once enrolled, they undergo rigorous vocational training followed by a formal assessment to evaluate their progress. Successful candidates receive official certification, which validates their competencies. The final and most crucial stage is placement, where certified individuals are connected with relevant employment opportunities.
Q768. The apex decision-making body of the National Skill Development Mission (NSDM) is its Governing Council. Who serves as the Chairperson of this Governing Council?
Explanation
The National Skill Development Mission features a robust governance structure to ensure high-level political commitment. At the apex level, the Governing Council is chaired by the Prime Minister of India. This council provides the overarching policy direction and monitors the progress of skilling initiatives across various ministries. Having the Prime Minister at the helm ensures better coordination and prioritized implementation of national skills programs.
Q769. The funding model of the National Skill Development Corporation (NSDC) involves providing financial assistance to the private sector. This financial assistance is primarily delivered in which form?
Explanation
To catalyze the growth of a sustainable vocational training ecosystem, the National Skill Development Corporation provides critical financial assistance to private sector partners. This support is primarily delivered through soft loans with favorable terms and equity investments in training ventures. This funding model encourages private entities to establish high-quality training centers while maintaining financial accountability, rather than relying solely on non-refundable government grants.
Q770. Consider the following statements regarding the third iteration of PMKVY (PMKVY 3.0):
I. It marked a shift towards a more decentralized approach with greater responsibilities given to States/UTs.
II. District Skill Committees (DSCs) were empowered to identify local skill gaps and mobilize candidates.
III. It introduced an exclusive focus on IT and coding skills, banning all traditional vocational courses.
IV. It was heavily integrated with the ‘Skill India Portal’ for robust data management.
V. It was designed to cater strictly to the age group of 45-60 years.
Which of the above statement(s) is/are correct?
I. It marked a shift towards a more decentralized approach with greater responsibilities given to States/UTs.
II. District Skill Committees (DSCs) were empowered to identify local skill gaps and mobilize candidates.
III. It introduced an exclusive focus on IT and coding skills, banning all traditional vocational courses.
IV. It was heavily integrated with the ‘Skill India Portal’ for robust data management.
V. It was designed to cater strictly to the age group of 45-60 years.
Which of the above statement(s) is/are correct?
Explanation
The third phase of the national skill development scheme introduced a decentralized approach by empowering District Skill Committees to identify local needs. It leveraged the integrated skill portal for better data management and tracking. While it focused on modernizing skills, it did not ban traditional courses or restrict age groups to older adults. Instead, it sought to make the skilling process more responsive to regional industrial requirements.Answer key for these questions
| Q | Correct answer |
|---|---|
| 761 | (d) Arjun Sengupta |
| 762 | (a) The Maternity Benefit (Amendment) Act, 2017 mandates the provision of crèche facilities for establishments with 50 or more employees. |
| 763 | (a) I, II, and III only |
| 764 | (c) Statement I is correct but Statement II is incorrect. |
| 765 | (a) Both A and R are true and R is the correct explanation of A. |
| 766 | (a) A-ii, B-i, C-iii, D-iv |
| 767 | (b) Mobilization Training Assessment Certification Placement |
| 768 | (d) Prime Minister of India |
| 769 | (a) Soft loans and equity investments |
| 770 | (a) I, II, and IV only |
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.