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100+ Free RBSE VU Economics Practice Questions

Rajasthan RBSE Varishtha Upadhyaya Economics — Code 010 practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: RBSE VU Economics Exam

010

RBSE subject code for Economics

RBSE 2026 subject-wise statistics

100

Typical full marks for the subject scheme

RBSE syllabus examination scheme

3.15 hrs

Typical theory paper duration

RBSE Class 12 / Varishtha Upadhyaya syllabus scheme

33%

Typical minimum pass marks (confirm circular)

RBSE examination regulations

100

Free English MCQ study questions on this page

OpenExamPrep practice bank

RBSE Varishtha Upadhyaya Economics (code 010) is a real Board of Secondary Education, Rajasthan public-examination subject with appeared candidates in the 2026 main examination subject-wise statistics. Typical scheme: Theory 80 + Sessional 20 = 100; passing generally 33% (and separate practical pass where applicable). Use these free MCQs for theory revision only.

Sample RBSE VU Economics Practice Questions

Try these sample questions to test your RBSE VU Economics exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Gross Domestic Product (GDP) measures the market value of:
A.All intermediate inputs used by firms during a year
B.Final goods and services produced within the domestic territory in an accounting year
C.Only financial asset trades on stock exchanges
D.Government transfer payments alone
Explanation: GDP is the market value of all final goods and services produced within a country's domestic territory in an accounting year. Intermediate goods are excluded to avoid double counting; pure transfers and pure financial asset trades are not production of final goods and services.
2Which of the following is a stock variable?
A.India's national income for 2025-26
B.A firm's capital stock on 31 March
C.Exports during a financial year
D.Household consumption over a quarter
Explanation: A stock is measured at a point in time. Capital stock on a given date is a stock. National income, exports, and consumption measured over a period are flows.
3Net Factor Income from Abroad (NFIA) equals:
A.Factor income received from abroad minus factor income paid to abroad
B.Gross domestic capital formation only
C.Indirect taxes minus subsidies
D.Exports minus imports of goods only
Explanation: NFIA is factor income earned by residents from abroad less factor income paid to non-residents for factor services used domestically. It links GDP-related aggregates to GNP/NNP.
4GNP at market price equals:
A.NDPMP plus depreciation
B.NNPFC plus depreciation
C.GDPMP minus NFIA
D.GDPMP plus NFIA
Explanation: GNPMP = GDPMP + NFIA. Adding net factor income from abroad converts a domestic product measure into a national product measure at market prices.
5If GDPMP = ₹2,500 crore, depreciation = ₹300 crore, net indirect taxes = ₹100 crore, and NFIA = ₹60 crore, then NNPFC is:
A.₹2,160 crore
B.₹2,100 crore
C.₹2,040 crore
D.₹2,500 crore
Explanation: NNPFC = GDPMP − depreciation − net indirect taxes + NFIA = 2,500 − 300 − 100 + 60 = ₹2,160 crore. Depreciation converts gross to net; removing net indirect taxes moves to factor cost; NFIA converts domestic to national.
6Double counting in national income estimation is best avoided by:
A.Using only the value of final goods or the value-added method
B.Including pure transfer payments twice
C.Counting second-hand sales of goods at full price
D.Adding the value of all intermediate goods twice
Explanation: Counting intermediate and final values of the same output inflates GDP. Using final-goods only, or summing value added at each stage, avoids double counting.
7Real GDP differs from nominal GDP primarily because real GDP:
A.Excludes government services
B.Always equals GNP
C.Includes intermediate goods while nominal GDP does not
D.Is measured at constant prices of a base year
Explanation: Nominal GDP values output at current prices; real GDP values the same physical output at constant base-year prices, isolating quantity changes from pure price changes.
8If nominal GDP is ₹1,800 crore and real GDP is ₹1,500 crore, the GDP deflator is:
A.83.3
B.120
C.300
D.20
Explanation: GDP deflator = (Nominal GDP / Real GDP) × 100 = (1,800 / 1,500) × 100 = 120. A value above 100 means the current price level is higher than the base year.
9Which of the following is NOT included in GDP as usually estimated?
A.Value of intermediate steel used to make cars when cars are already counted as final goods
B.Government purchase of newly built school buildings
C.Market value of a newly produced machine sold to a firm for investment
D.Imputed rent of owner-occupied houses where the method includes it
Explanation: Intermediate steel is absorbed into the final car's value. Counting both intermediate and final values would double count. Investment goods and government final purchases are included.
10Transfer payments are excluded from national income because they:
A.Are never recorded in government accounts
B.Always reduce the GDP deflator
C.Are always paid in foreign currency
D.Do not correspond to current production of goods and services
Explanation: Pensions, scholarships, and similar transfers redistribute income without adding to current output, so they are excluded from national income aggregates that measure production.

About the RBSE VU Economics Practice Questions

Verified exam format metadata for Rajasthan RBSE Varishtha Upadhyaya Economics — Code 010 is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.