Following are the questions and answers to the Higher Secondary School Teacher - Economics in Education Department conduct by Kerala Public Service Commission on 07.03.2017. We expect this will help the candidates who are preparing for the Higher Secondary School Teacher and other degree level  exams. The purpose of this section is just to support the candidates who prepare for Kerala PSC and other competitive exams. You can always refer this website from your mobile phone on the go or from your home PC.
HSST - ECONOMICS [SR for SC/ST]
[KERALA HIGHER SECONDARY EDUCATION DEPARTMENT]
Kerala PSC Fully Solved Question Paper 2017 for Practice | Exam held on 07.03.2017
PART - 2 | QUESTIONS : 21-40

21] Which one of the following is not an objective of Bharat Nirman Scheme?
[a] Electricity
[b] Housing
[c] Telephone
[d] Internet

22] ICDS is a programme launched by India government for
[a] Providing home for poor
[b] For child development
[c] Self employment
[d] For construction of houses

23] UDISHA is a programme launched by ministry of women and child development. The main objective of this programme is
[a] Training Programme for ICDS Workers
[b] Rural Self Employment
[c] Insurance
[d] Health

24] Swavalamban Yojana is a _________ scheme targeted at the unorganized sectors of India.
[a] Employment
[b] Pension
[c] Self employment
[d] Skill development

25] PMAGY was initially implemented in four states Bihar, Assam, Rajasthan and ________
[a] Kerala
[b] Tamil Nadu
[c] Karnataka
[d] Orissa

26] Which was the scheme launched in 25th Dec 2000 to provide all weather road connectivity in rural areas of the country?
[a] SGSY
[b] TRYSEM
[c] PMGSY
[d] NREP

27] Which programme aimed to support the "poorest of poor"?
[a] PMRY
[b] AAY
[c] Kudumbasree
[d] SGSY

28] Which is the grassroots of kudumbasree project?
[a] PMGS
[b] NHGs
[c] SGSY
[d] PMRY

29] PMAGY is
[a] Prime Minister Adharsh Grameen Yojana
[b] Pradhan Mantri Adharsh Grameen Yojana
[c] Prime Mahila Aadhar Grama Yojana
[d] Primary Maha Aadhar Grama Yojana

30] Rajiv Gandhi gramin vidyudikaran yojana was a scheme for _________
[a] Scheme for starting of hydro electric projects
[b] Scheme for rural electricity and household electrification
[c] Scheme for installation of electricity in gamin schools
[d] Scheme for starting small hydro electric projects in rural areas

31] Which of the following best describes the methodology of Microeconomics?
[a] Dynamic, descriptive and general equilibrium
[b] Static, predictive and partial equilibrium
[c] Comparative static, descriptive and partial equilibrium
[d] Dynamic, predictive and general equilibrium

32] In the case of Giffen goods substitution effect is
[a] Smaller than income effect
[b] Greater than income effect
[c] Equal to income effect
[d] None of the above

33] ''Beautiful mind'' is the biography of which mathematical genius who won Nobel Prize in Economics
[a] James Heckman
[b] John F. Nash
[c] James M. Mirless
[d] Kenneth J. Arrow

34] A dynamic demand function postulates
[a] Consistency in preferences
[b] Lagged values of demand and income
[c] Transitivity in choice
[d] Strong ordering of preferences

35] If income is either Rs. 250 with probability p=0.40 or Rs. 2,500 the expected income is
[a] Rs. 2,000
[b] Rs. 1,800
[c] Rs. 1,500
[d] Rs. 1,600

36] Which of the following circumstances in an industry will result in Nash equilibrium?
[a] All firms have a dominant strategy and each firm chooses it
[b] All firms have a dominant strategy and only one firm choose it
[c] All firms have a dominant strategy and no firm chooses it
[d] None of these

37] Marginal Revenue Product of a factor of production is
[a] The total revenue generated when one more unit of a factor is employed
[b] Change in the average revenue when an additional unit is employed
[c] Total revenue per factor when one more unit is hired
[d] Change in total revenue when an additional unit is used

38] Market power is least for the seller in case of
[a] Perfect competition
[b] Bilateral monopoly
[c] Oligopoly
[d] Monopsony

39] The short run average cost curve has a flat stretch over a range of output because of the existence of
[a] Excess capacity
[b] Reserve capacity
[c] Full capacity utilization
[d] Efficiency in resource use

40] In a Pareto optimal situation
[a] It is possible to make A or B better off without making any one of them worse off
[b] It is possible to make A or B better off by making any one of them worse off
[c] It is impossible to make A or B better off without making any one of them worse off
[d] It is impossible to make A or B worse off in order to make any one of them better off


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