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Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Higher Secondary School Teacher (Junior) in Economics -Kerala Higher Secondary Education' And exam conducted in the year 2022. And Question paper code was '56/2022/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.
‘AcThe maximisation of sales revenue
B:-Profit maximisation
C-Improving managerial discreation
D-Balanced rate of growth of the firm
Correct Answer:- Option-D
Question15:-Welfare 15 improved when the greatest good for the greatest number was the criteria
proposed by
AcJeremy Bentham
B:-Vilfredo Pareto
CKaldor - Hicks
D:-Samuelson - Bergson
Correct Answer: Option:
Question16:-In general equilibrium system of Walrasian type, which of the following functions present in a market
[व function
B-Supply function
CClearing the market equation
D:-All of the above
Correct Answer: Option-D
Question17:-State the static property/properties in a general equilibrium solution reached with a free competitive market mechanism
AcEfficiency in factor substitution
B:-Efficiency in distribution of commodities
C-Efficieney in product mix
D:-All of the above
Correct Answer: Option-D
‘Question18:
Price of capital services
BeMRS
com Pep
D:-All of the above
Correct Answer: Option:
‘Question19:
॥
1
ePrice line
പടി
Correct Answer:- Option-D
Question20:-Slutsky equation deals with decomposition of
‘AGoods into normal and inferior goods
B:-Income effect into substitution and price effect
(9108 effect into substitution effect and income effect
D-None of the above
Correct Answer: Option-C
Question21:-For Keynes, the economic problem divided into
டா of real GDP to respond to an increase in the real money supply
B:-Failure of the nominal wage rate to adjust by the amount needed to maintain
‘equilibrium in the labour market
C-Problem of monetary impotence and rigid wages
D:-All of the above