Q781. Which of the following categories of individuals is the odd one out regarding the primary target beneficiary group of the PM SVANidhi scheme?
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 781–790 of 848 questions
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Q782. The term "Feminization of Agriculture" in the Indian context accurately refers to which of the following phenomena?
Explanation
Feminization of agriculture means that more women take part in farming as men migrate to cities for work.
Q783. Consider the following statements regarding platform workers in the gig economy:
I. They typically enjoy the flexibility of choosing their working hours.
II. They face vulnerabilities regarding social security, health benefits, and income stability.
III. They are fully covered by the traditional definitions of an ‘employee’ under the Factories Act, 1948.
Which of the above statement(s) is/are correct?
I. They typically enjoy the flexibility of choosing their working hours.
II. They face vulnerabilities regarding social security, health benefits, and income stability.
III. They are fully covered by the traditional definitions of an ‘employee’ under the Factories Act, 1948.
Which of the above statement(s) is/are correct?
Explanation
Platform workers enjoy flexibility in working hours, but face weak social security, health benefits and income stability. They are not fully covered by the definition of employee in the Factories Act, 1948, so III is wrong.
Q784. Which of the following accurately describes a common method used to assess the "skill gap" in a regional economy?
Explanation
A skill gap is assessed by analysing the gap between the skills job seekers have and the competencies that industry demands.
Q785. Which of the following statements regarding the institutional framework of the National Skill Development Mission (NSDM) is incorrect?
Explanation
The NSDM has a three-tier institutional structure, a Governing Council for policy direction and an Executive Committee for day-to-day work. It does not forbid States from setting up their own State Skill Development Missions, so A is incorrect.
Q786. In the context of Rajasthan, which is the apex body executing state-level skill development and employment generation initiatives?
Explanation
The Rajasthan Skill and Livelihoods Development Corporation (RSLDC) is the apex body that carries out State-level skill development and employment generation initiatives.
Q787. Consider the following statements regarding PMKVY 4.0:
Statement I: It introduces "Skill Hubs" in schools and higher education institutions to integrate vocational education with general education.
Statement II: It completely eliminates the role of private training providers in the skilling ecosystem.
Which of the following is correct in respect of the above statements?
Statement I: It introduces "Skill Hubs" in schools and higher education institutions to integrate vocational education with general education.
Statement II: It completely eliminates the role of private training providers in the skilling ecosystem.
Which of the following is correct in respect of the above statements?
Explanation
PMKVY 4.0 introduces Skill Hubs in schools and higher education institutions to link vocational and general education, so Statement I is correct. It does not remove private training providers, so Statement II is incorrect.
Q788. Match the skill development initiatives in List I with their salient features in List II:
| Skill Initiatives | Salient Features |
|---|---|
| A. SANKALP | i. Short-term training and RPL certification |
| B. STRIVE | ii. Financial support to employers for apprenticeship |
| C. PMKVY | iii. World Bank assisted project for improving the relevance and efficiency of ITIs |
| D. NAPS | iv. World Bank assisted project for strengthening institutional mechanisms for skill development |
Explanation
SANKALP is a World Bank assisted project to strengthen institutional mechanisms for skill development, STRIVE is a World Bank assisted project to improve the relevance and efficiency of ITIs, PMKVY gives short-term training and RPL certification and NAPS gives financial support to employers for apprenticeship. This gives A-iv, B-iii, C-i, D-ii.
Q789. Consider the following statements regarding the recent reforms and upgradation of Industrial Training Institutes (ITIs):
I. Several state governments have partnered with private sector giants to upgrade ITIs into Centers of Excellence.
II. The focus of the upgradation is on introducing Industry 4.0 trades like robotics, 3D printing, and IoT.
III. The upgradation process strictly bans the involvement of industry experts in curriculum design.
IV. It aims to boost the employability of ITI graduates in the modern manufacturing sector.
V. The reforms include digitizing the functioning and assessment processes of ITIs.
Which of the above statement(s) is/are correct?
I. Several state governments have partnered with private sector giants to upgrade ITIs into Centers of Excellence.
II. The focus of the upgradation is on introducing Industry 4.0 trades like robotics, 3D printing, and IoT.
III. The upgradation process strictly bans the involvement of industry experts in curriculum design.
IV. It aims to boost the employability of ITI graduates in the modern manufacturing sector.
V. The reforms include digitizing the functioning and assessment processes of ITIs.
Which of the above statement(s) is/are correct?
Explanation
Upgrading ITIs involves partnerships with private firms to create Centres of Excellence, Industry 4.0 trades such as robotics, 3D printing and IoT, and better employability. It does not ban industry experts from curriculum design, so III is wrong.
Q790. Which of the following is NOT provided for under the National Apprenticeship Promotion Scheme (NAPS)?
Explanation
NAPS shares the stipend with employers, shares the cost of basic training and encourages MSMEs to engage apprentices. It does not provide lifelong pensions after training, so D is not provided for.Answer key for these questions
| Q | Correct answer |
|---|---|
| 781 | (d) Owners of multi-story shopping complexes |
| 782 | (a) Increased participation of women in agriculture due to male migration to cities |
| 783 | (a) I and II only |
| 784 | (b) Analyzing gap between job seeker skills and competencies demanded by industry |
| 785 | (a) It has strictly forbidden State governments from forming their own State Skill Development Missions. |
| 786 | (c) Rajasthan Skill and Livelihoods Development Corporation (RSLDC) |
| 787 | (c) Statement I is correct but Statement II is incorrect. |
| 788 | (a) A-iv, B-iii, C-i, D-ii |
| 789 | (b) I, II, IV, and V only |
| 790 | (d) Provision of lifelong pensions after the completion of the training |
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.