Kerala PSC Previous Years Question Paper & Answer
Page:4
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Non Vocational Teacher (Junior) Economics' And exam conducted in the year 2023. And Question paper code was '087/2023'. 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.
11. The equilibrium is said to be unstable when :
(A) The demand function cuts the supply function from below
(B) The demand function cuts the supply function from above
(C) Both (A) and (B)
(D) Neither (A) nor (B)
12. Marginal Conditions of Pareto Optimality or Pareto Efficiency are :
ட Efficient combination of Products
Gi) Efficient allocation of Resources among firms
(111) Efficient distribution of commodities between consumers.
(ಯ) Only (i) and (ii) (B) Only (ii) and (iii)
(C) Only @) and (ii) ൯) All the above (i), (ii) and (iii)
13. Average Cost-Pricing models have been developed by:
.ل(6 ۶۲۷۰ Andrews
(1) R. Barback
(ii) H.R. Edwards
(iv) R. Halland C. Hitch
(A) Only (ii), (ii) and (iv) (B) Only (j) and (iv)
(C) Only Qi), (1) ೩೧4 (iv) (D) All the above (i), (ii), (iii) and (iv)
14. Based on the data given below, estimate the desired price using ‘Mark-Up’ Rule:
டு Total Fixed Cost: $ 100
(ii) Average Variable Cost: $30
01) Net Profit Margin: $10
(iv) Panned Output: 20
(A) $35 (B) $45
(C) $25 (D) $40
087/2023 6