Kerala PSC Previous Years Question Paper & Answer

Title : HSST JUNIOR ECONOMICS
Question Code : A

Page:6


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'HSST JUNIOR ECONOMICS' And exam conducted in the year 2018. And Question paper code was '012/2018'. 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: 6 out of 16
Excerpt of Question Code: 012/2018

31,

32,

37.

‘Who among the following economists emphasized the role of non-economic factors in explaining
growth ?

(A) RM. Solow ‏برق‎ Dusenberry

(C) ೫. 1081007 (D) Harrod

For a linear demand curve, which of the following is true ?
(ക Elasticity of demand is unity at all points.
(3) Elasticity of demand is constant at all points.
(C) Elasticity increases as one slides down the demand curve.
(D) Elasticity declines as one slides down the demand curve.

Hedging in the foreign exchange market refers to :
(ಹ) An act of devaluation
(8) Not covering a risk of foreign exchange in future
(€) Covering a risk of foreign exchange in future
(D) None of the above

New Trade Policy 2015-20 has introduced a new scheme which is called
(ക) Merchandise Export from India Scheme
(B) Export from India Scheme
(€) Merchandise Trade from India Scheme
(D) Trade from India Scheme

Inclusive growth objective was given for the first time in which Plan of India ?
(മ 9" Five Year Plan (B) 10" Five Year ‏صا‎
‎(ಲ) 11" Five Year Plan (D) 12" Five Year Plan

Type-I error is defined as :
(ക) Reject Null-hypothesis when it is false
0) Reject Null-hypothesis when it is true
(€) Accept Null-hypothesis when it is true
(D) Accept Null-hypothesis when it is false

Labour market reforms aim at :
(ಹ) Job security (B) Minimum wage
(C) Labour market flexibility (D) Employment insurance

Which of the following is credited with introduction of LPG model of economic development in
India

(ಹ) Dr. CRangarajan ‏برق‎ Dr. Montek Singh Ahluwalia

(ಲ) Dr. Amartya Sen (D) Dr. Manmohan Singh

012/2018 6 A

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