Kerala PSC Previous Years Question Paper & Answer

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

Page:4


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' And exam conducted in the year 2017. And Question paper code was '012/2017/OL'. 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: 4 out of 11
Excerpt of Question Code: 012/2017/OL

C:-SGSY
D:-PMRY
Correct Answer:- Option-B
Question29:-PMAGY is
A:-Prime Minister Adharsh Grameen Yojana
B:-Pradhan Mantri Adharsh Grameen Yojana
C:-Prime Mahila Aadhar Grama Yojana
D:-Primary Maha Aadhar Grama Yojana
Correct Answer:- Option-B
Question30:-Rajiv Gandhi gramin vidyudikaran yojana was a scheme for
A:-Scheme for starting of hydro electric projects
B:-Scheme for rural electricity and household electrification
:-Scheme for installation of electricity in gamin schools
D:-Scheme for starting small hydro electric projects in rural areas
Correct Answer:- Option-B
Question31:-Which of the following best describes the methodology of Microeconomics?
A:-Dynamic, descriptive and general equilibrium
B:-Static, predictive and partial equilibrium
C:-Comparative static, descriptive and partial equilibrium
D:-Dynamic, predictive and general equilibrium
Correct Answer:- Option-C
Question32:-In the case of Giffen goods substitution effect is
A:-Smaller than income effect
-Greater than income effect
C:-Equal to income effect
D:-None of the above
Correct Answer:- Option-A
Question33:-''Beautiful mind" is the biography of which mathematical genius who won Nobel Prize in Economics
A:-James Heckman
-John F. Nash
C:-James M. Mirless
D:-Kenneth J. Arrow
Correct Answer:- Option-B
Question34:-A dynamic demand function postulates
A:-Consistency in preferences
-Lagged values of demand and income
C:-Transitivity in choice
D:-Strong ordering of preferences
Correct Answer:- Option-B
Question35:-If income is either Rs. 250 with probability p=0.40 or Rs. 2,500 the expected income is
A:-Rs. 2,000
B:-Rs. 1,800
C:-Rs. 1,500
D:-Rs. 1,600
Correct Answer:- Option-D
Question36:-Which of the following circumstances in an industry will result in Nash equilibrium?
A:-All firms have a dominant strategy and each firm chooses it
B:-All firms have a dominant strategy and only one firm choose it
C:-All firms have a dominant strategy and no firm chooses it
D:-None of these
Correct Answer:- Option-A
Question37:-Marginal Revenue Product of a factor of production is
A:-The total revenue generated when one more unit of a factor is employed
-Change in the average revenue when an additional unit is employed
C:-Total revenue per factor when one more unit is hired
D:-Change in total revenue when an additional unit is used
Correct Answer:- Option-D
Question38:-Market power is least for the seller in case of
A:-Perfect competition

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HSST ECONOMICS - SR FOR SC/ST : Video