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 791–800 of 848 questions
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RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q791. Consider the following measures of unemployment as traditionally calculated by the National Sample Survey Office (NSSO): I. Current Daily Status (CDS) II. Usual Principal Status (UPS) III. Current Weekly Status (CWS) Which of the following represents the correct sequence of these measures in decreasing order of their reference period (from longest period to shortest period)?
Explanation
The NSSO measures unemployment by Usual Principal Status (reference period of one year), Current Weekly Status (one week) and Current Daily Status (each day of the week). The order from longest to shortest is II, III, I.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q792. Under MGNREGA, if an eligible rural applicant demands work and the Gram Panchayat fails to provide employment within the stipulated 15 days, the financial liability to pay the unemployment allowance rests primarily with:
Explanation
Under MGNREGA, if the Gram Panchayat cannot give work within 15 days of a demand, the State Government must pay the unemployment allowance.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q793. Identify the correct pair regarding schemes and their core mechanism:
Explanation
Under the PMRPY, the Government paid the employer’s 12 per cent EPF contribution for new formal employees. The other pairs are wrong: MGNREGA gives unskilled manual work in rural areas.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q794. The Atmanirbhar Bharat Rojgar Yojana (ABRY) was launched to incentivize employers for creation of new employment and restoration of loss of employment. This scheme was introduced as a direct response to which major event?
Explanation
The Atmanirbhar Bharat Rojgar Yojana was introduced in response to the COVID-19 pandemic and the lockdowns, to give employers incentives to create new jobs and restore those that were lost.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q795. India’s demographic dividend is often described as a "closing window of opportunity." What is the demographic effect that eventually causes this window to close?
Explanation
The demographic dividend closes when the population moves towards an ageing society with a high elderly dependency ratio, as the share of working-age people falls.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q796. The introduction of "Fixed Term Employment" under the recent Labour Reforms is most appropriately aimed at:
Explanation
Fixed Term Employment lets firms hire workers for a set duration, giving flexibility, while the workers still get statutory benefits like those of permanent employees.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q797. The Pradhan Mantri Shram Yogi Maandhan (PM-SYM) scheme is an important step towards the formalization and welfare of the informal sector. What is its primary objective?
Explanation
The PM Shram Yogi Maandhan scheme gives unorganised workers a minimum assured pension of Rs 3,000 a month after the age of 60.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q798. To obtain high-frequency data on the labor force, employment, and unemployment in India, the government introduced the Periodic Labour Force Survey (PLFS). The PLFS estimates key employment indicators for urban areas at what frequency?
Explanation
The Periodic Labour Force Survey estimates the key employment indicators for urban areas every quarter, and for rural and urban areas together annually.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q799. The SVAMITVA scheme, which impacts the rural economy by providing property cards that can be monetized, is implemented by which nodal central ministry?
Explanation
The SVAMITVA scheme, which gives property cards to rural households, is implemented by the Ministry of Panchayati Raj.
RAS PrelimsIndian Economy · Skill Development and Employment Generation
Q800. Which of the following statements regarding employment in the Indian agricultural sector is incorrect?
Explanation
Agriculture employs nearly half of India’s workforce, suffers from disguised and seasonal unemployment, and moving surplus labour out of it is a goal of planning. Its share in GDP is much smaller than its share in employment, so C is incorrect.
Answer key for these questions
Q
Correct answer
791
(a) II, III, I
792
(c) The State Government
793
(a) PMRPY : Government pays 12% EPF contribution for new formal employees
794
(b) The COVID-19 pandemic and subsequent lockdowns
795
(c) Transition into an aging society with a high elderly dependency ratio
796
(d) Flexibility to hire for a duration while ensuring statutory benefits
797
(a) Minimum pension of Rs. 3,000 per month for unorganized workers after age 60
798
(c) Quarterly
799
(b) Ministry of Panchayati Raj
800
(c) The share of agriculture in India’s Gross Domestic Product (GDP) is proportionally equal to its share in employment.
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.
