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Indian Economy MCQ — Practice Questions for RAS Exam

Indian Economy is a crucial component of the RAS/RPSC exam syllabus. Practice 7,614 multiple-choice questions across 180 topics with detailed explanations to strengthen your preparation.

7,614

Total Questions

180

Topics Covered

3

Difficulty Levels

Topics in Indian Economy

Monetary & Fiscal Policy

688 questions

Economic Growth & Sustainable Development

509 questions

Industrial Growth & Economic Reforms

366 questions

Service Sector, Energy & Transport

266 questions

Agricultural Development

266 questions

Skill Development & Social Justice

203 questions

Measurement of Development & HDI

145 questions

Fiscal Federalism & Finance Commission

128 questions

Power Sector

101 questions

Statistical System of India

101 questions

Bilateral Trade

101 questions

Centralised Payment System

100 questions

Atal Pension Yojana

99 questions

Public Finance

99 questions

Digital Governance

97 questions

Payment Systems

97 questions

Social Security Schemes

96 questions

Financial Markets

96 questions

GST Administration

95 questions

Industrial Policy

94 questions

GDP and Growth Forecasts

94 questions

Customs Tariff

93 questions

SEBI and Capital Markets

93 questions

Venture Capital

92 questions

Insurance & Maritime Trade

92 questions

Rural Employment

91 questions

Trade Agreements

90 questions

International Organizations

90 questions

Inflation and Growth

89 questions

Startup India Funding

89 questions

Foreign Trade and Balance of Payments

89 questions

Energy Security

86 questions

Inflation Statistics

86 questions

External Sector

84 questions

Food Security

84 questions

Agricultural Procurement

84 questions

Startup Ecosystem

83 questions

Macroeconomic Indicators

83 questions

Transport Infrastructure

82 questions

Credit Guarantee

82 questions

RoDTEP Scheme

81 questions

Civil Aviation Ministry

81 questions

Power and Energy Demand

81 questions

Production Linked Incentive

80 questions

Infrastructure

77 questions

Mining

76 questions

Aviation Sector

76 questions

RoDTEP Export Scheme

75 questions

Agricultural Marketing

74 questions

Agricultural Pricing

74 questions

Energy Infrastructure

74 questions

Agriculture Markets

74 questions

National Accounts

72 questions

Energy

71 questions

Direct Taxes

71 questions

Highway Tolling

70 questions

Mining Sector Reform

70 questions

Electronic Toll Collection

66 questions

Fertiliser Security

66 questions

Labour Force Participation

65 questions

Economy

62 questions

Free Trade Agreements

61 questions

Free Trade Agreement

60 questions

NITI Aayog Trade Watch Quarterly

58 questions

GDP Estimates

53 questions

Digital Payments

51 questions

Textile Exports

45 questions

Gender Statistics

33 questions

Merchandise Trade Composition

27 questions

Economic Concepts and Indian Economy

20 questions

Energy Demand

18 questions

General Knowledge

8 questions

III. General Knowledge of World & India :

8 questions

Rajasthan GK

6 questions

Monetary Policy

4 questions

Inflation

3 questions

Green Revolution

3 questions

Rural Development

2 questions

Agricultural revolutions

2 questions

Steel Sector

2 questions

Eleventh Five Year Plan

2 questions

Digital Finance

2 questions

Agricultural Policy

2 questions

Windfall Tax

2 questions

Industrial classification

2 questions

Logistics

2 questions

NITI Aayog

2 questions

Agriculture Policy

2 questions

Planning Commission

2 questions

Balance of Payments

2 questions

Pension and Social Security

2 questions

Foreign Trade and Exports

1 questions

Highway Infrastructure

1 questions

Foreign direct investment

1 questions

Human capital formation

1 questions

Inflation and Price Indices

1 questions

PFRDA and Pension Reform

1 questions

Planning Commission and NITI Aayog

1 questions

Green Revolution and food security

1 questions

Union tax revenue

1 questions

Reserve Bank of India

1 questions

Fiscal policy formulation

1 questions

Variable Rate Repo

1 questions

Union Budget 2024-25: fiscal deficit

1 questions

New Economic Policy of India

1 questions

Five-Year Plans

1 questions

Financial institutions

1 questions

Agricultural price support schemes

1 questions

International Trade

1 questions

Goods and Services Tax Network

1 questions

Energy Policy

1 questions

Industrial sectors

1 questions

Bank Governance

1 questions

Monetary policy and credit control

1 questions

Agriculture

1 questions

Foreign Trade Policy and export schemes

1 questions

Finance Commission devolution

1 questions

IBC and Banking Sector

1 questions

Human development indices

1 questions

Industrial Policy Reforms, 1991

1 questions

Blue Revolution

1 questions

Payment systems

1 questions

Employment and unemployment surveys

1 questions

Special Economic Zones

1 questions

Securities and Exchange Board of India

1 questions

Government welfare schemes

1 questions

Banking and Insolvency Resolution

1 questions

Economic planning in India

1 questions

Monetary policy institutions

1 questions

Indian currency notes

1 questions

Keynesian economics

1 questions

Agriculture and MSP

1 questions

Pension Reforms and NPS

1 questions

Union Budget reforms

1 questions

Banking: Statutory Liquidity Ratio

1 questions

NABARD and rural credit

1 questions

मनरेगा मजदूरी भुगतान

1 questions

Banking history in India

1 questions

MNREGA: women reservation

1 questions

Agricultural missions

1 questions

National income accounting

1 questions

Consumer protection

1 questions

Unified Payments Interface

1 questions

Import protection policy

1 questions

PFRDA NPS Reform

1 questions

Rail Connectivity

1 questions

Food security institutions

1 questions

Railway Engineering

1 questions

Social welfare schemes

1 questions

International Relations

1 questions

External Trade

1 questions

Minimum Support Price

1 questions

Agricultural development programmes

1 questions

Income inequality measures

1 questions

Taxation & Public Finance

1 questions

Subsidies

1 questions

Monetary policy rates

1 questions

Indian economy at independence

1 questions

White Revolution

1 questions

Asset Reconstruction Fund

1 questions

Skill development schemes

1 questions

Monetary policy instruments

1 questions

Types of government budget

1 questions

Purchasing Power Parity

1 questions

Liquidity Adjustment Facility

1 questions

Financial sector regulators

1 questions

Five Year Plans

1 questions

Agricultural income tax

1 questions

Regional Rural Banks

1 questions

Agriculture and allied sectors

1 questions

Poverty measurement

1 questions

Narasimham Committee

1 questions

Rail Infrastructure

1 questions

Wealth Tax in India

1 questions

GSTIN structure

1 questions

National Income Accounting base year

1 questions

Agricultural finance institutions

1 questions

Operation Flood and White Revolution

1 questions

Per capita income

1 questions

National Food Security Mission

1 questions

Sample Questions

Try these Indian Economy questions. Click "Show Answer" to reveal the explanation.

1

Which Finance Commission recommended the devolution of 41% of the divisible pool of taxes to states?

A 14th Finance Commission
B 13th Finance Commission
C 15th Finance Commission
D 16th Finance Commission
2

How many Labour Codes have been enacted to replace the existing labour laws?

A 4
B 3
C 6
D 5
3

What is the Statutory Liquidity Ratio (SLR)?

A Maximum loan limit set by RBI
B Cash kept with RBI by banks
C Interest rate charged on interbank lending
D Minimum percentage of NDTL a bank must maintain as liquid assets
4

What is RBI's Financial Inclusion Index (FI-Index)?

A An index measuring GDP growth
B A composite index capturing extent of financial inclusion with a scale of 0 to 100
C An index measuring stock market performance
D An index measuring bank profitability
5

Consider the following statements: 1. PM-KUSUM includes de-dieselisation of the farm sector among its objectives. 2. Component-A of PM-KUSUM targets decentralized ground-mounted grid-connected solar power plants. 3. Component-B of PM-KUSUM is for installation of standalone solar-powered agriculture pumps. 4. Component-C of PM-KUSUM is for replacing agricultural pumps with diesel pumps in dark zones. Which of the statements given above are correct?

A 1 and 2 only
B 1, 2 and 4 only
C 2, 3 and 4 only
D 1, 2 and 3 only

Ready to Practice Indian Economy?

Test your knowledge with 7,614 questions. Choose your difficulty, set the question count, and start practicing.

Frequently Asked Questions

How many Indian Economy MCQ questions are available for RAS preparation?
Aspirant Academy offers 7,614 Indian Economy multiple-choice questions across 180 topics, designed specifically for RAS/RPSC exam preparation.
What topics are covered under Indian Economy?
The Indian Economy section covers 180 topics including Monetary & Fiscal Policy, Economic Growth & Sustainable Development, Industrial Growth & Economic Reforms, Service Sector, Energy & Transport, Agricultural Development, Skill Development & Social Justice, Measurement of Development & HDI, Fiscal Federalism & Finance Commission and more. Each topic contains practice MCQs with detailed explanations.
Are the Indian Economy MCQs aligned with the RAS/RPSC syllabus?
Yes, all Indian Economy questions are curated to match the official RAS/RPSC exam syllabus and pattern. Questions cover the difficulty levels you can expect in the actual exam.
Are detailed explanations provided for Indian Economy MCQs?
Yes, every question includes a detailed explanation of the correct answer, helping you understand the concept rather than just memorize answers.
Can I practice Indian Economy MCQs in Hindi?
Yes, Aspirant Academy supports bilingual practice. You can switch between English and Hindi for Indian Economy questions, options, and explanations.

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Current Affairs Reasoning & Mental Ability Science & Technology Indian Constitution & Governance Rajasthan History, Art & Culture Environment & Ecology Geography of Rajasthan Indian History (Ancient & Medieval) General Hindi child-development-pedagogy Geography of India Indian History (Modern) Economy of Rajasthan General English social-studies Rajasthan Political & Administrative System World Geography Basic Computer Soc Sci Part-I Sec/Sr.Sec (Senior Teacher) Sanskrit Part-I Sec/Sr.Sec (Senior Teacher) Science Part-II Graduation (Senior Teacher) Hindi Part-I Secondary/Sr.Sec (Senior Teacher) Science Part-I Secondary/Sr.Sec (Sr Teacher) Maths Part-I Secondary/Sr.Sec (Senior Teacher) PE Theory & Methods (PTI Paper-II) English Part-I Secondary/Sr.Sec (Sr Teacher) Maths Part-II Graduation (Senior Teacher) Hindi Part-II Graduation (Senior Teacher) Sanskrit Part-II Graduation (Senior Teacher) Soc Sci Part-II Graduation (Senior Teacher) Maths Part-III Teaching Methods (Senior Teacher) Sanskrit Part-III Teaching Methods (Sr Teacher) Hindi Part-III Teaching Methods (Sr Teacher) English Part-II Graduation (Senior Teacher) Soc Sci Part-III Teaching Methods (Sr Teacher) Computer Systems (Senior CI) Programming & Data Structures (Senior CI) Nutrition & Health (Mahila Supervisor) English Part-III Teaching Methods (Sr Teacher) mathematics-science Physical Education GK (PTI Paper-II) Networking & Web (Senior CI) Sports & PE Applications (PTI Paper-II) Science Part-III Teaching Methods (Sr Teacher) language-hindi Anatomy, Physiology & Health (PTI Paper-II) DBMS, SAD & IoT (Basic CI) language-english Computer Pedagogy & Fundamentals (Senior CI) Networking & Security (Basic CI) Educational Psychology (Senior Teacher) Data Structures & Organization (Basic CI) Recreation, Camp & Yoga (PTI Paper-II) Everyday Science (Vanpal) Mathematics (Vanpal) environmental-studies language-sanskrit DBMS & Software Engineering (Senior CI) mathematics-elementary Data Processing & Programming (Basic CI) Managerial Aptitude (Mahila Supervisor) Early Childhood Care & Edu (Mahila Sup) Environment Economy Science and Technology Polity International Relations Sports Governance Rajasthan Current Affairs Rajasthan GK Geography Polity and Governance Rajasthan Defence