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 841–848 of 848 questions
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Explanation
For the purpose of calculating contributions under the Employees’ Provident Funds Act, 1952, "wages" primarily include basic salary, dearness allowance, and retaining allowance. These components form the basis for both employer and employee contributions to the fund. Other variables like overtime, bonuses, or house rent allowances are typically excluded from this definition, ensuring a standardized approach to social security.Explanation
The extreme marginalization of De-notified Tribes in India is largely rooted in the historical stigma of the colonial-era Criminal Tribes Act. This legislation branded entire communities as hereditary criminals, leading to systemic social exclusion and police harassment. Although the Act was repealed after independence, deep-seated prejudice and lack of permanent documentation continue to hinder their access to education and employment.Explanation
The Indira Gandhi National Disability Pension Scheme is a key component of the NSAP, providing financial assistance to persons with severe or multiple disabilities. Eligible beneficiaries must be between eighteen and seventy-nine years of age and belong to households below the poverty line. This targeted support aims to provide a basic social security net for those who face significant physical or mental challenges.Explanation
A major objective of the Ayushman Bharat PM- JAY scheme is to protect poor and vulnerable families from the devastating financial impact of serious illnesses. By providing a health cover of five lakh rupees per family, the initiative aims to significantly reduce catastrophic out-of-pocket health expenditures. This allows families to access quality healthcare without the fear of falling deeper into poverty.Explanation
The fundamental rights articles related to social justice in the Indian Constitution follow a logical sequential order starting from Article 14. This article establishes the broad principle of equality before the law. It is followed by Article 15, which prohibits discrimination, and Article 16, which ensures equality in employment. Finally, Article 17 provides specific protection by completely abolishing untouchability.Explanation
Article 46 is a Directive Principle of State Policy that guides the government to promote the educational and economic interests of the weaker sections of society. It specifically mentions the Scheduled Castes and the Scheduled Tribes, urging the State to protect them from social injustice and exploitation. This article provides the constitutional foundation for various affirmative action programs and specialized welfare schemes.| Commission/Case related to OBCs | Key Association |
|---|---|
| A. First Backward Classes Commission | i. Constitutional status to NCBC |
| B. Second Backward Classes Commission | ii. B.P. Mandal |
| C. Indra Sawhney Case | iii. Kaka Kalelkar |
| D. 102nd Constitutional Amendment | iv. 50% ceiling on reservation |
Explanation
The journey of OBC welfare is marked by key commissions and legal rulings. Kaka Kalelkar chaired the First Backward Classes Commission, while B.P. Mandal led the second. The Indra Sawhney case established a significant legal precedent by imposing a fifty percent ceiling on total reservations. More recently, the 102nd Constitutional Amendment Act granted constitutional status to the National Commission for Backward Classes.Answer key for these questions
| Q | Correct answer |
|---|---|
| 841 | (d) Socio-Economic Caste Census (SECC) 2011 |
| 842 | (a) Basic wages, dearness allowance, and retaining allowance |
| 843 | (a) The historical stigma of the colonial-era Criminal Tribes Act, which labeled them as born criminals |
| 844 | (c) IGNDPS - Pension for persons with severe disabilities aged 18 to 79 from BPL households |
| 845 | (d) Reducing catastrophic out-of-pocket health expenditure for poor and vulnerable families |
| 846 | (a) Equality before law Prohibition of discrimination Equality of opportunity in public employment Abolition of untouchability |
| 847 | (c) The weaker sections of the people, especially the Scheduled Castes and the Scheduled Tribes |
| 848 | (d) A-iii, B-ii, C-iv, D-i |
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.