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

A:-Growth rate of labour is equal to the growth rate of technology
B:-Incremental saving is equal to investment
C:-Rate of growth of capital is equal to the rate of growth of labour
D:-COR is equal to ICOR
Correct Answer:- Option-C
Question57:-The knife edge equilibrium is attained at the point where
A:-Gn>Gw > G
B:-Gn = Gw
260 2
Correct Answer:- Option-D
Question58:-P. C. Mahalanobis was the architect of
A:-First five year plan
B:-Second five year plan
C:-Third five year plan
D:-Fourth five year plan
Correct Answer:- Option-B
Question59:-The Planning Commission has been replaced in India by
A:-Finance Commission
B:-Niti Aayog
C:-Council for Economic Development
D:-Indian Economic Forum
Correct Answer:- Option-B
Question60:-The National Bank for Agriculture and Rural Development (NABARD) was established in the year
Correct Answer:- Option-C
Question61:-The situation where a country simultaneously import and export the same product is called
A:-Intemational reciprocal trade
B:-Internal reciprocal trade
C:-Factor reversal trade
D:-Intra-industry trade
Correct Answer:- Option-D
Question62:-The phenomenon of Dutch Disease has been advanced to explain the existence of
A:-Traded goods sector in an economy
B:-Non traded goods sector in an economy
C:-Differentiated goods in an economy
D:-Identical goods sector in an economy
Correct Answer:- Option-B
Question63:-Which of the following theory suggests that labour cost will be the determinant of trade and the country with
the lower labour cost will be the exporter of that commodity 7
A:-Factor abundance theory
B:-Labour productivity theory
C:-Theory of comparative advantage
D:-Neo-Hotelling model
Correct Answer:- Option-C
Question64:-The dead weight loss of tariff implies
A:-Production loss and consumption loss due to tariff
B:-Revenue loss for the exporting country
C:-Revenue loss for the importing country
D:-Redistribution of loss between exporting and importing countries
Correct Answer:- Option-A
Question65:-The concepts of trade creation and trade diversion in the theory of customs union was introduced by
A:-Kemp and Wan
8:1. 01. 1
C:-Jacob Viner
D:-Geoffrey Reed

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