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Economy - MOST IMPORTANT DSSSB DASS Previous Year Questions

Practice real questions from previous year exams of DSSSB DASS.

📘 Economic Systems📚 Mixed Economy

Q1

Which economic model was adopted by India after independence?

🎯 DSSSB DASS (Grade-II), 23-07-2019 (Shift-I)

A.

closed economy

B.

socialist economy

C.

mixed economy

D.

capitalist economy

📘 Inequality📚 Gini Coefficient

Q2

Which of the following statements about Gini Coefficient is correct?

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-III)

A.

A decline in Gini Coefficient is generally taken as an indication that government policies are not inclusive.

B.

Its value varies anywhere from zero to $\displaystyle 1$ .

C.

Value zero indicates perfect inequality Whereas value $\displaystyle 1$ indicates perfect equality.

D.

It is a popular measure to gauge rich poor divide in terms of quality of life.

📘 Inflation and Business Cycles (Recession, Depression, etc.)📚 Phillips Curve

Q3

Which of the following concepts states an inverse relationship between the inflation and unemployment in any economy?

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-III)

A.

Phillips curve

B.

Fisher equation

C.

Law of diminishing return

D.

Lorenz curve

📘 Global Development Goals📚 Millennium Development Goals

Q4

Which one of the followings is NOT a part of Millennium Development Goals?

🎯 DSSSB DASS (Grade-II), 23-07-2019 (Shift-II)

A.

To reduce child mortality

B.

To ensure environmental Sustainability

C.

To ensure the protection of Heritage Building

D.

To improve material health

📘 Major Schemes📚 Schemes of Women and Child Development

Q5

In the context of Beti Bachao Beti Padhao, which of the following statements is NOT correct?

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-II)

A.

It covers only those districts of the country which show the trend of declining Child Sex Ratio

B.

It is a triministerial effort of Ministries of Women and Child Development, Health and Family Welfare, and Human Resource Development.

C.

It addresses the declining Child Sex Ratio (CSR) and related issues of women empowerment

D.

It aims to change mindsets to value girl child.

📘 Five Year Plans in India📚 Second Five Year Plan

Q6

Who amongst the following is knows as the chief architect of Second Five Year Plan in India?

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-1)

A.

Ram Manohar Lohia

B.

Chaudhary Charan Singh

C.

Jagjivan Ram

D.

Prasanta Chandra Mahalanobis

📘 Major Schemes📚 Schemes of Infrastructure and Innovation Sector

Q7

The Pradhan Mantri Gram Sadak Yojna was launched in the year:

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-III)

A.

$\displaystyle 1999$

B.

$\displaystyle 1998$

C.

$\displaystyle 2000$

D.

$\displaystyle 1997$

📘 Five Year Plans in India📚 Fifth Five Year Plan

Q8

The Fifth Five Year Plan period is:

🎯 DSSSB DASS (Grade-II), 23-07-2019 (Shift-1)

A.

$\displaystyle 1992$ - $\displaystyle 97$

B.

$\displaystyle 1956$ - $\displaystyle 61$

C.

$\displaystyle 1980$ - $\displaystyle 85$

D.

$\displaystyle 1974$ - $\displaystyle 79$

📘 Planning📚 Central Planning – 5 Year Plans, 20 Point Program, MPLADS

Q9

What was the basic objective of Twenty Point Program (TPP) initiated by Government of India?

🎯 DSSSB DASS (Grade-II), 16-07-2019 (Shift-II)

A.

To eradicate poverty and raise standard of living.

B.

To restructure government schools.

C.

To promote afforestation and control global warming.

D.

To eradicate dreadful disease on war-footing.

📘 Five Year Plans in India📚 Fourth Five Year Plan

Q10

Which of the following plans aimed at improving the standard of living?

🎯 DSSSB DASS (Grade-II), 16-07-2019 (Shift-II)

A.

Third Plan

B.

Fifth Plan

C.

Fourth Plan

D.

Sixth Plan

📘 Agriculture Sector📚 Minimum Support Price (MSP)

Q11

In the context of Food Security in India, what does MSP stand for?

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-I)

A.

Minimum Standard Price

B.

Maximum Substances Price

C.

Maximum Support Price

D.

Minimum Support Price

📘 Industrial Sector📚 Maharatna and Navratna Enterprises

Q12

Which of the followings is a Miniratna Public Sector Enterprise?

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-I)

A.

Indian oil Corporation Limited

B.

Hindustan Aeronautics Limited

C.

Airport Authority of India

D.

Steel Authority of India Limited

📘 Industrial Sector📚 Maharatna and Navratna Enterprises

Q13

Which of the following Central Public Sector Enterprises is NOT a Maharatna company?

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-II)

A.

Oil India Limited

B.

Bharat Heavy Electricals Limited

C.

Coal India Limited

D.

Indian Oil Corporation Limited

📘 Fundamental Economic Concepts📚 Sectors of an Economy

Q14

Who of the following is empolyed in Informal Sector?

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-I)

A.

An IAS officer

B.

Bank Manager

C.

Doctor of Government Hospital

D.

Driver of Teacher

📘 Security Market📚 Important Terms of Stock Market

Q15

In economics, what is the full form of SWP?

🎯 DSSSB DASS (Grade-II), 18-07-2019 (Shift-III)

A.

Systematic Withdrawal Plan

B.

Simple Withdrawal Plan

C.

Simple Wellness Plan

D.

Systematic Wealth Plan

📘 Poverty📚 Poverty Alleviation and Employment Welfare Schemes

Q16

"Kudumbashree" is a women-oriented community based poverty reduction program of which of the following states?

🎯 DSSSB DASS (Grade-II), 24-07-2019 (Shift-III)

A.

Karnataka

B.

Odisha

C.

Kerala

D.

Maharashtra

📘 Public Finance in India- Budget📚 Fiscal Deficit

Q17

______ is a situation where the expenditure of the government exceeds its revenue.

🎯 DSSSB DASS (Grade-II), 23-07-2019 (Shift-II)

A.

Zero Financing

B.

Deficit Financing

C.

Equities

D.

Devalued Financing

📘 Money and Banking- Banking Structure📚 Payments Banks and Small Banks

Q18

Which of the following banks is fully owned by the Government of India?

🎯 DSSSB DASS (Grade-II), 22-07-2019 (Shift-II)

A.

Industrial Development Bank of India

B.

State Bank of India

C.

Federal Bank of India

D.

India Post Payments Bank

📘 Money and Banking- Development Finance Institutions📚 PM Mudra Yojana

Q19

Under the Pradhan Mantri MUDRA Yojana (PMMY) loans upto ______ are provided to the non-corporate, non-farm small/micro enterprises.

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-II)

A.

$\displaystyle 15$ Lakh

B.

$\displaystyle 20$ Lakh

C.

$\displaystyle 10$ Lakh

D.

$\displaystyle 1$ Lakh

📘 Money and Banking- Monetary Policy📚 Other Tools

Q20

Which among the following is qualitative tool of monetary Policy?

🎯 DSSSB DASS (Grade-II), 19-07-2019 (Shift-III)

A.

Credit Rationing

B.

Cash reserve ratio

C.

Bank rate

D.

Credit ceiling

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