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 - 5 | QUESTIONS : 81-100

81] Raymond Vernon is associated with
[a] Technological Gap Model
[b] Product Cycle Model
[c] Intra-Industry Model
[d] Factor Endowment Model

82] A nation's willingness to import and export at various relative commodity prices is shown by
[a] Laffer curve
[b] J curve
[c] BP curve
[d] Offer curve

83] EURO became the common currency of the European Monetary Union on
[a] 1st January 1999
[b] 1st January 1989
[c] 1st January 2001
[d] 1 January 2006

84] The purchase of a currency from the monetary centre where it is cheaper for immediate resale in the monetary centre where it is dearer, in order to make a profit is called
[a] Currency swaps
[b] Hedging
[c] Arbitrage
[d] Futures

85] The most advanced form of economic integration is
[a] Customs Union
[b] Common market
[c] Economic union
[d] Free Trade Area

86] The Chairman of the 'Committee on Financial Inclusion'
[a] M. Narasimham
[b] Raghuram Rajan
[c] Y.V. Reddy
[d] C. Rangarajan

87] Which of the following model explains intra-industry trade?
[a] Technological Gap Model
[b] Heckscher-Ohlin Model
[c] Brander Krugman
[d] Mundell-Fleming Model

88] The absorption approach of balance of payments was contributed by
[a] Sidney Alexander
[b] Meade
[c] Kenneth Arrow
[d] Posner

89] The ratio of the price of its export commodity to the price of its import commodity is known as
[a] Exchange rate
[b] Comparative advantage
[c] Terms of trade
[d] Gains of trade

90] According to the Mercantilists' view, international trade was a
[a] Positive sum game
[b] Negative sum game
[c] Zero sum game
[d] None of these

91] Real Business Cycle Theory is associated with
[a] Keynes
[b] Kydland
[c] Schumpeter
[d] Fischer

92] Vital statistics is mainly concerned with
[a] Birth rate
[b] Death rate
[c] Fertility rate
[d] All the above

93] Rejecting `"H_0"` when `"H_0"` is true is called` `
[a] Type I error
[b] Type II error
[c] Power to the test
[d] None of these

94] The name of Garret Hardin is associated with
[a] Tragedy of commons
[b] Value judgement
[c] Market signalling
[d] General equilibrium

95] The SEBI established in which year with its Act?
[a] 1992
[b] 1990
[c] 1991
[d] 1999

96] India's official anti-monopoly body is
[a] MRTP commission
[b] Competition commission of India
[c] Monopoly commission
[d] None of the above

97] The term regression was introduced by
[a] R.A. Fisher
[b] Karl Pearson
[c] Sir Francis Galton
[d] Bowley

98] Contigent valuation method is also known as
[a] Non-hypothetical method
[b] Contigent ranking method
[c] Travel cost method
[d] Willingness to pay method

99] A pure economic loss with no corresponding gains elsewhere in the economy is
[a] Capital loss
[b] Devaluation
[c] Depreciation
[d] Dead weight loss

100] The percentage contribution of Kerala (current prices) to all India GDP during 2011-12 is around
[a] 5.8
[b] 3.8
[c] 6.8
[d] 2.8

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