Kerala PSC HSST economics Junior Answer key 2018

Kerala PSC HSST Economics Junior Solved Paper 2018

Question Code : 012/2018  

Category Code: 338/2017

Higher Secondary School Teacher (Junior)-Economics

Medium of Question: English 

QUESTION BOOKLET ALPHA CODE A  

Date of Test : 22/01/2018 

26. Earth Day Observed on
(A) March 22
(B) March 28
(C) April 22  (√)
(D) April 28

27. When was the Antyodaya Anna Yojana (AAY) Scheme Launched ?
(A) Jan 2000
(B) May 2000
(C) July 2000
(D) Dec 2000 (√)

28. The book ‘Half Earth: Our Plant's Fight for Life’ written by
(A) Edward O Wilson  (√)
(B) Rachel Carson
(C) Peter Matthiessen
(D) Graham Matthews

29. Tiger Survey related with the emblem of
(A) Agmark
(B) Pugmark (√)
(C) Claw mark
(D) FPO mark

30. Bill on Protection of Women on Domestic Violence was passed in the year
(A) 2006  (√)
(B) 2008
(C) 2010
(D) 2012

31. Who among the following economists emphasized the role of non-economic factors in explaining growth ?
(A) R.M. Solow  (√)
(B) Dusenberry
(C) N. Kaldor
(D) Harrod

32. For a linear demand curve, which of the following is true ?
(A) Elasticity of demand is unity at all points.
(B) Elasticity of demand is constant at all points.
(C) Elasticity increases as one slides down the demand curve.
(D) Elasticity declines as one slides down the demand curve.  (√)

33. Hedging in the foreign exchange market refers to :
(A) An act of devaluation
(B) Not covering a risk of foreign exchange in future
(C) Covering a risk of foreign exchange in future (√)
(D) None of the above

34. New Trade Policy 2015-20 has introduced a new scheme which is called
(A) Merchandise Export from India Scheme (√)
(B) Export from India Scheme
(C) Merchandise Trade from India Scheme
(D) Trade from India Scheme

35. Inclusive growth objective was given for the first time in which Plan of India ?
(A) 9th Five Year Plan
(B) 10th Five Year Plan
(C) 11th Five Year Plan  (√)
(D) 12th Five Year Plan

36. Type-I error is defined as :
(A) Reject Null-hypothesis when it is false(√)
(B) Reject Null-hypothesis when it is true
(C) Accept Null-hypothesis when it is true
(D) Accept Null-hypothesis when it is false

37. Labour market reforms aim at :
(A) Job security
(B) Minimum wage
(C) Labour market flexibility (√)
(D) Employment insurance

38. Which of the following is credited with introduction of LPG model of economic development in India
(A) Dr. C Rangarajan
(B) Dr. Montek Singh Ahluwalia
(C) Dr. Amartya Sen
(D) Dr. Manmohan Singh (√)

39. Philips curve sets up a relation between
(A) Taxes and inflation
(B) Inflation and unemployment(√)
(C) Money Supply and aggregate demand
(D) Price and cost of production

40. If Marginal Propensity to Consume (MPC) is equal to Average Propensity to consume (APC) for all levels of income, the correct corresponding consumption (C) function will be
(A) C = a + bY
(B) C = a + b/Y
(C) C = bY (√)
(D) C = bY2

41. The relationship between aggregate saving and income is known as
(A) Saving function(√)
 (B) Demand Function
(C) Supply function
 (D) Consumption function

42. The properties of General Equilibrium state are called
(A) Efficiency
(B) Pareto efficiency(√)
(C) Property efficiency
 (D) Accuracy

43. The negative of the slope of the PPC is called
(A) MRPT (√)
(B) MRPS
(C) Negative productivity
(D) disinvestment

44. The new share price Index of Mumbai Share Market is
(A) DOLEX
 (B) UREX
(C) FOREX (√)
(D) SENSEX

45. Who developed Kinked Demand Curve Model ?
(A) Samuelson
(B) Paul Sweezy(√)
(C) Mahalanobis
 (D) Marshall

46. A market in which there is only one seller and only one buyer is called
(A) Duopoly
(B) bilateral monopoly(√)
(C) monopsony
(D) oligopoly

47. A producer cannot cross the iso-cost line because of
(A) fixed outlay (√)
(B) entire outlay
(C) price
(D) none of the above

48. Who is the founder of behaviouralistic theories ?
(A) Bain
(B) Cyert and March(√)
(C) Modigliani
(D) Karl Marx

49. Gilt edged market means
(A) bullion market
(B) market of government securities(√)
(C) market of guns
(D) market of pure metals

50. A mathematical expression showing the relationship between volume of output and its total cost of production is called
(A) cost-function (√)
(B) price-function
(C) demand function
(D) supply function

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