Kerala PSC Previous Years Question Paper & Answer

Title : HSST JUNIOR ECONOMICS
Question Code : A

Page:7


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: 7 out of 16
Excerpt of Question Code: 012/2018

41,

42,

Philips curve sets up a relation between
(ക) Taxes and inflation
(8) Inflation and unemployment
(C) Money Supply and aggregate demand
(D) Price and cost of production

If Marginal Propensity to Consume (MPC) is equal to Average Propensity to consume (APC)
णि all levels of income, the correct corresponding consumption (C) function will be

(ಹ) C=a+bY 0) ೮-841/1
(0 ‏7د‎ യത ട്രേ

The relationship between aggregate saving and income is known as
(ಹ) Saving function (B) Demand Function
(ಲ) Supply function (D) Consumption function

The properties of General Equilibrium state are called
(ക Efficiency (B) Pareto efficiency
(¢) Property efficiency (D) Accuracy

The negative of the slope of the PPC is called
(A) MRPT (B) MRPS
(€) Negative productivity (D) disinvestment

The new share price Index of Mumbai Share Market is
(A) DOLEX (B) UREX
(ಲ) FOREX (D) SENSEX

‘Who developed Kinked Demand Curve Model ?
(ಹ) Samuelson (B) ய Sweezy

(C) Mahalanobis (D) Marshall

A market in which there is only one seller and only one buyer is called

(ಹ) Duopoly (B) bilateral monopoly
(C) monopsony (D) oligopoly
7 012/2018

[P.T.O.]

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