RPSC Economic Concepts and Indian Economy — Previous Year Questions

This page has 9 solved questions on Economic Concepts and Indian Economy across 1 paper (2024). Every one is solved below — open a question for the answer, why it is right, and why each wrong option was written to tempt you.

Which questions belong on this page is UnlockIAS's grouping, not Rajasthan Public Service Commission's.

1. 2024Q39In which of the following year annual growth rate of Gross National Income and Net National Income on both current prices and constant prices were Negative in India ?Answer: C
2. 2024Q40Which of the following statement is related to the benefit of the “Input Tax Credit Mechanism” of GST ?Answer: A
3. 2024Q42Which of the following statements is/are correct in respect of inflation in India ? A. Core inflation include the prices of food and energy. B. Headline inflation exclude food inflation. C. Headline inflation is more volatile in nature than core inflation. Select the answer using the codes given below :Answer: D
4. 2024Q44Consider the following statements regarding “National Food Security Act” (NFSA) in India : A. It was enacted on July 5, 2013. B. Around 50 crore persons have been covered under NFSA at present. C. The Act legally entitles upto 75% of the rural population and 50% of the urban population to receive subsidized food grains. Choose the correct option using codes :Answer: C
5. 2024Q45Consider the following statements regarding World Happiness Report – 2024 : A. India ranked 126th out of more than 140 countries, which is lower than its neighbouring countries including China, Nepal, Pakistan, Myanmar, Sri Lanka and Bangladesh. B. India’s ranking has remained relatively stagnant over the years, indicating limited progress in improving the overall happiness and well-being of its population. Select the correct answer using the codes given below :Answer: B
6. 2024Q46Worker to Population Ratio (WPR) is defined asAnswer: C
7. 2024Q47Which of the following is not associated with financial sector reforms in India initiated after 1991 ?Answer: C
8. 2024Q51Ease of Doing Business ranking for the states in India is released by –Answer: B
9. 2024Q56Which of the following statements are correct about PM Surya Ghar Muft Bijli Yojana ? (i) To install Solar plants on one crore houses to provide upto 300 unit free electricity every month. (ii) Provision of 30 percent subsidy for setting up rooftop solar plants. (iii) 100 percent online system for registration, application, approval & grant. (iv) Provision of loan at bank interest 4 percent to each applicant.Answer: C