Kerala PSC Previous Years Question Paper & Answer

Title : HSST ECONOMICS SR FOR SC/ST KHSE
Question Code : A

Page:5


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'HSST ECONOMICS SR FOR SC/ST KHSE' And exam conducted in the year 2016. And Question paper code was '357/2016'. Medium of question paper was in Malayalam or English . Booklet Alphacode was 'A'. Answer keys are given at the bottom, but we suggest you to try answering the questions yourself and compare the key along wih to check your performance. Because we would like you to do and practice by yourself.

page: 5 out of 11
Excerpt of Question Code: 357/2016

B:-Bilateral monopoly
C:-Oligopoly
D:-Monopsony
Correct Answer:- Option-D
Question39:-The short run average cost curve has a flat stretch over a range of output because of the existence of
A:-Excess capacity
B:-Reserve capacity
C:-Full capacity utilization
D:-Efficiency in resource use
Correct Answer:- Option-B
Question40:-In a Pareto optimal situation
A:-lt is possible to make A or B better off without making any one of them worse off
B:-It is possible to make A or B better off by making any one of them worse off
£ impossible to make A or B better off without making any one of them worse off
D:-It is impossible to make A or B worse off in order to make any one of them better off
Correct Answer:- Option-C
Question41:-The value of Marginal propensity to consume is
ಹು
B:-between 0 and 1
C:-between 1 and 2
D:-none of the above
Correct Answer:- Option-B
Question42:-Which of the following schools of thought follow adaptive expectations?
A:-New Classical
B:-Real Business Cycle
C:-New Keynesian
D:-Orthodox Monetarist
Correct Answer:- Option-D
Question4 3:-Insider outsider model explains
A:-Insider trading
B:-Internal and external trade
C:-Wage rigidity
D:-Interest elasticity of investment
Correct Answer:- Option-C
Question44:-Classical economists believed in
A:-Market clearing
B:-Says law of markets
C:-Neutrality of money
D:-All of the above
Correct Answer:- Option-D
Question45:-The concept of Natural Rate of unemployment is primarily associated with
A:-Milton Friedman
B:-George Akerlof
C:-Bohm Baverk
D:-Mises-Hayek
Correct Answer:- Option-A
Question46:-In the region of liquidity trap the interest elasticity of money is
ಹಿಂ
B:-very low
C:-very high
D:-none of the above
Correct Answer:- Option-C
Question47:-Phillips curve shows the relation between
A:-tax rate and total revenue
B:-inflation and unemployment
C:-interest rate and investment
D:-income and consumption
Correct Answer:- Option-B

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