Kerala PSC Previous Years Question Paper & Answer

Question Code : A


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'HSST ECONOMICS JUNIOR SR FOR SC/ST KHSE' And exam conducted in the year 2016. And Question paper code was '064/2016/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: 5 out of 11
Excerpt of Question Code: 064/2016/OL

D:-Perfect elastic
Correct Answer:- Option-C
Question37:-The speculative demand for money is an inverse function of
B:-Marginal propensity to consume
C:-Marginal efficiency of capital
D:-Rate of interest
Correct Answer:- Option-D
Question38:-The constancy of labour share in the national income has been explained by Kalecki on the basis of
A:-The capitalist theory of distribution
B:-The monopoly theory of distribution
C:-The classical labour theory of value
D:-The Keynesian theory of national income
Correct Answer:- Option-B
Question39:-The marginal conditions to be fulfilled for the attainment of Pareto optimality were given by
A:-V. Pareto
B:-H. Robertson
C:-P. A. Samuelson
D:-Lemer and Hicks
Correct Answer:- Option-D
Question40:-Euler's product exhaustion theorem will be applied only in the case of production functions with
A:-Diminishing retumns to scale
B:-Constant retums to scale
C:-Increasing retums to scale
D:-variable retumns to scale
Correct Answer:- Option-B
Question41:-The fundamental assumption of Absolute Income Hypothesis is
A:-Consumption - Income relationship is reversible
B:-Consumption - Income relationshi imeversible
C:-Consumption - Income relationship is passive
D:-Consumption - Income relationship is indeterminate
Correct Answer:- Option-A
Question42:-In the Fishers equation of exchange MV = PT, the variable 'V* stands for
A:-Value of money
B:-Velocity of circulation of money
C:-Volume of goods and services
D:-Value of goods and services
Correct Answer:- Option-B
Question43:-The level of unemployment at which a constant rate of inflation may be maintained is called
A:-Mean rate of unemployment
B:-Actual rate of unemployment
C:-Warranted rate of unemployment
D:-Natural rate of unemployment
Correct Answer:- Option-D
Question44:-Money that has no intrinsic value but established by a govemment decree is known as
A:-Fiat money
B:-Commodity money
C:-Plastic money
D:-Real money
Correct Answer:- Option-A
Question45:-Money supply curve in the Keynesian analysis of liquidity preference 15
A:-Vertical straight line
B:-Horizontal straight line
C:-Downward slopping curve
D:-None of the above
Correct Answer:- Option-A
Question46:-The LM curve will shift to right when there is an
A:-Increase in the rate of saving
B:-Increase in the investment

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