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: 6 out of 11
Excerpt of Question Code: 064/2016/OL

C:-Increase in the money supply
D:-Increase in the public borrowings
Correct Answer:- Option-C
Question47:-The basic proposition of the psychological law of consumption is that
A:-APC and MPC are equal
B:-APC is negative
C:-MPC is positive but less than unity
D:-MPC is always equal to one
Correct Answer:- Option-C
Question48:-The relationship between unemployment and the rate of change in the wage rate, according to A. W. Phillips is
A:-Inverse and non-linear
B:-Direct and proportional
C:-Direct but non proportional
D:-Inverse but linear
Correct Answer:- Option-A
Question49:-The expansion and contraction process in the business cycle model of Kaldaor is brought about by the
A:-Interaction between multiplier and accelerator
B:-Business expectations
C:-Stock of capital
D:-Technological shocks
Correct Answer:- Option-C
Question50:-Monetarism postulates that
A:-Money is a substitute for a wide range of real and financial assets but no single asset is a close substitute for money
B:-A fiscal-monetary mix will bring about stabilities
C:-Fiscal policy is more effective in curbing inflation and generating full employment
D:-Money is neutral and insignificant
Correct Answer:- Option-A
Question51:-The theory of vicious circle deals with
A:-Full employment
B:-Imperfect markets
Correct Answer:- Option-C
Question52:-The marginal productivity of labour under the state of disguised unemployment is
A:-Equal to one
B:-Equal to zero
C:-Greater than one
D:-Equal or greater than one
Correct Answer:- Option-B
Question53:-The theory of Economic development with unlimited supplies of labour argues for
A:-Promotion of DPA and SOC in the economy to absorb excess labour
B:-Improvement of agriculture to provide more employment
C:-Unlimited supply of labour at the current market wage
D:-Shifting of labour with zero marginal productivity from agriculture to industry
Correct Answer:- Option-D
Question54:-The technique which provides numerical solution to the problem of making optimum in the context of given
A:-Linear programming
B:-Shadow pricing
C:-The incremental capital-output ratio
D:-Choice of technique
Correct Answer:- Option-A
Question55:-The book 'Asian Drama' has been written by
A:-Gunar Myrdal
B:-C. P. Kindleberger
C:-A. P. Thrilwall
D:-Ragnar Nurkse
Correct Answer:- Option-A
Question56:-In the model വ്‌ Golden Age, equilibrium is attained when

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