## Kerala PSC Previous Years Question Paper & Answer

Title : ASSISTANT PROFESSOR(ECNOMICS)
Question Code : A

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Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'ASSISTANT PROFESSOR(ECNOMICS) ' And exam conducted in the year 20. And Question paper code was '046/20'. 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.

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Excerpt of Question Code: 046/20

Total Number of Questions : 20
Time : 2.00 Hours

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19.

20.

. How do the Snob effect and Veblen effect differ ?
. Discuss the Euler’s theorem and adding up controversy.
. Describe the Consumption puzzle.

. What is meant by the Natural Rate Hypothesis ?
. What are the objectives of planning in India ?

. Discuss the features of normal distribution.

. Bring out the features of Stackelberg’s model of duopoly.
~ Explain the Pareto optimality conditions of social welfare.
. Discuss the Real Balance Effect.

. Examine the implications of Efficiency Wage Hypothesis.
. Explain the Banking sector reforms since 19905.

. What are the important principles of federal finance ?

Examine the major achievements in agriculture sector in India since Independence.

Explain the salient features of Kerala model development.

Describe the theorems of probability.

^ What is Linear Programming and discuss the basic assumptions of LPP ?

. Briefly explain the Marginal Productivity Theory of Distribution.

using ISLM framework.

046/20 |

Max. Marks : 100 |

(3 Marks)
(3 Marks)
(3 Marks)

(3 Marks)
(3 Marks)

(3 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)

(5 Marks)
(5 Marks)
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(5 Marks)

(8 Marks)

. Explain the relative efficiency of fiscal and monetary policy in the classical and Keynesian system

(8 Marks)

Critically examine the structural changes and development pattern of Indian economy since

independence.

Explain the meaning and application of ANOVA.

(8 Marks)

(8 Marks)