## Kerala PSC Previous Years Question Paper & Answer

Title : Higher Secondary School Teacher (Junior) in Economics -Kerala Higher Secondary Education
Question Code : A

Page:1

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.

page: 1 out of 14
Excerpt of Question Code: 56/2022/OL

Question Paper 6०८९; 56/20220/
Category Code: 732/2023

Exam: Higher Secondary School Teacher (Junior) in Economics
Date of Test 30-07-2022

Department Kerala Higher Secondary Education

Alphacode A

Question1:-Nerlove's stock-adjust ment principle states that
0 There is a desired level of durables which is determined by the current level of income

0) The Consumer cannot immediately acquire the desired level of durables due to limited income.
(ii) The acquisition of the desired level of durables is gradual

‘Only 0) and i)
B:-Only 01 ‏۳9ھ‎ (1)
பவி of the above 0), (1) and ti
‏برام يم‎ (i) and (i

‘Question2:-The elasticity of substitution is defined as
(1 the percentage change in the capital labour ratio, divided by the percentage change
in the rate of technical substitution.
(ii) Percentage change in K/L
Percentage change in MRS
( 60

1772.

೩-೦೧0/0) & (i)
Be-Only (i) & (i)
C-Only (ii) & (i)
Dell of the above (1, (1) & (i)
Question3:-Which of the following statement is/are correct about an activity analysis
isoquant?
1) Limited substitutability of factors of production,

(ii) There are only a few processes for producing any one commodity.
(ii) Substitutability of the factors possible only at kinks.

Only (0 & (i
நவி ofthe above (1, (1) & (i
CoOnly 0) ೩ (i)
D-Only 0) & (i)

Questions:-In Linear Expenditure System, we analyze
‘A-Group of commodities between no substitution is possible
B:-Individual commodities between no substitution is possible
C:-Group of commodities between substitution is possible
D-None of the above
QuestionS:-Equilibrium of production requires
Actificiency in factor substitution
B:-Output market efficiency
೦-800 of the above
D-None of the above