| Post Name | Higher Secondary School Teacher (Junior) in Economics - Kerala Higher Secondary Education |
|---|---|
| Question Paper Code | 056/2022/OL |
| Category Code | 731/2021 |
| Date of Test | 30 July 2022 |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
Nerlove's stock-adjustment principle states that (i) There is a desired level of durables which is determined by the current level of income (ii) The Consumer cannot immediately acquire the desired level of durables due to limited income. (iii) The acquisition of the desired level of durables is gradual
Answer
C. All of the above (i), (ii) and (iii)
2
The elasticity of substitution is defined as (i) the percentage change in the capital-labour ratio divided by the percentage change in the rate of technical substitution; (ii) (percentage change in K/L)/(percentage change in MRS); (iii) [d(K/L)/(K/L)]/[d(MPL)/MPK].
Answer
Question Cancelled
3
Which of the following statement is/are correct about an activity analysis isoquant? (i) Limited substitutability of factors of production. (ii) There are only a few processes for producing any one commodity. (iii) Substitutability of the factors possible only at kinks.
Answer
B. All of the above (i), (ii) & (iii)
4
In Linear Expenditure System, we analyze
Answer
A. Group of commodities between no substitution is possible
5
Equilibrium of production requires
Answer
A. Efficiency in factor substitution
6
Which of the following welfare criteria proposed by Bergson and Samuelson?
Answer
B. Social welfare function
7
Social welfare is maximised at, the point of tangency of the 'envelop' utility possibility frontier with highest possible social idifference contour. This point is called
Answer
A. Point of bliss
8
Stackleberg's duopoly model assumed that
Answer
C. One duopolist is sufficiently sophisticated to recognise that his competitor acts on the Cournot assumption
9
Which of the following statement is/are correct in case of (i) Returns to scale is only one part of economies of scale (ii) Returns to scale are technical (iii) The term returns to scale plus monetary economies included in economies of scale
Answer
D. All of the above (i), (ii) & (iii)
10
Prisoner's dilemma occurs in most cases of variable sum games of the maximin - minimax behaviour leads to
Answer
C. The rival to suboptimal solution
11
Which of the following statements are true in case of Sylos-Labini model of Limit Pricing? (i) Market demand is given and has unitary elasticity (ii) Product is homogeneous (iii) Price is set by the price leader who is the largest firm with lowest cost
Answer
D. All of the above (i), (ii) & (iii)
12
Among all the minima, firm chooses the maximum is called
Answer
D. Maximin strategy
13
The slope of the transformation curve
Answer
C. Marginal rate of product transformation
14
The goal of the firm in Marris model is
Answer
D. Balanced rate of growth of the firm
15
Welfare is improved when the greatest good for the greatest number was the criteria proposed by
Answer
A. Jeremy Bentham
16
In general equilibrium system of Walrasian type, which of the following functions present in a market
Answer
D. All of the above
17
State the static property/properties in a general equilibrium solution reached with a free competitive market mechanism
Answer
D. All of the above
18
The slope of the isocost line is
Answer
A. Wage rate ___________________ Price of capital services
19
The term used to represent the locus of points of different isoquants at which the MRS of factors is constant
Answer
D. Isocline
20
Slutsky equation deals with decomposition of
Answer
C. Price effect into substitution effect and income effect
21
For Keynes, the economic problem divided into
Answer
Question Cancelled
22
Friedman's permanent income hypothesis deals with
Answer
D. All of the above
23
Intertemporal substitution occurs when
Answer
D. All of the above
24
In the liquidity trap situation, the speculative money demand function is
Answer
C. Infinitely elstic
25
High powered money consist of
Answer
D. All of the above
26
Money multiplier is the
Answer
D. All of the above
27
The deliberate action of the government to stabilize the economy is often referred to as
Answer
A. Discretionary fiscal policy
28
Taxation and borrowing are equivalent means of financing expenditure is called
Answer
C. Ricardian equivalence
29
An increase in the price level
Answer
D. Reduces real money supply and shift the LM schedule leftward
30
The Philips curve shows
Answer
B. An inverse relationship between rate of inflation and rate of unemployment
31
The fundamental cause of crowding out is an
Answer
A. Increase in the interest rate caused by a fiscal policy stimulus
32
LM curve in the general equilibrium
Answer
D. Both (A) and (B)
33
Which of the following statements is correct in case of new classical macro economics?
Answer
D. Both (A) and (B)
34
Real business cycle model explains
Answer
A. Business cycles in output as the result of slowly changing shocks to supply conditions and technology
35
The cumulative loss of output incurred during a disinflation divided by the permanent reduction in the inflation rate is called
Answer
C. Sacrifice ratio
36
Seignorage is the
Answer
D. Both (A) and (B)
37
New Keynesian economics explains
Answer
A. Rigidity in prices and wages as consistent with self interest of firms and workers all of which are assumed to have rational expectations
38
A regular negative relationship between the output ratio and the gap between the actual unemployment rate and the average unemployment rate is known as
Answer
C. Okun's law
39
Fisher equation states that
Answer
A. The nominal interest rate equals the expected inflation rate plus the expected real interest rate
40
Which of the following statements are correct in efficiency wage models? (i) Labour productivity depends on real wage they are paid (ii) Real wage is set to maximise the efficiency unit of labour per dollar of expenditure (iii) Improve worker morale; productivity also incresae
Answer
D. All of the above
41
Which of the following is / are the aims of the Industrial Policy of the Government of India? (i) to maintain a sustained growth in productivity (ii) to achieve optimal utilisation of human resources (iii) to promote close linkage between agricultural and industry (iv) to attain international competitiveness
Answer
C. Only statements (i), (ii) and (iv) are correct
42
Match the following programmes with their objectives : (i) Pradhan Mantri Krishi Sinchayee (a) Increase the production of rice Yojana (PMKSY) wheat, pulses and coarse cereals (ii) e-National Agricultural Market (e-NAM) (b) Online trading platform for agricultural goods (iii) National Food Security Mission (NFSM) (c) Enhance water use efficiency and increase cultivable area (iv) Pradhan Mantri Fasal Bima Yojana (d) Insurance coverage for agricultural (PMFBY) crop
Answer
B. (i)-(c); (ii)-(b); (iii)-(a); (iv)-(d)
43
In the Report of the Annual Health Index published for the year 2019-20 by NITI Aayog, the first, second and third Ranks for the overall performance are secured by
Answer
B. Kerala, Tamil Nadu and Telangana
44
Which of the following statements regarding India's agricultural trade for the period 2010-11 to 2020-21 are correct? (i) There has been an overall increase in the agricultural export during this period (ii) There has been a gradual decline in the import of the agricultural goods during this period (iii) India has always recorded positive trade surplus of agricultural trade during this period
Answer
B. Only statement (i) and (iii) are correct
45
Among the following who are the member of the Governing Council of NITI Aayog
Answer
C. (i) Vice Chairperson, NITI Aayog (ii) Ex-officio Members, NITI Aayog (iii) Chief Ministers of the States (iv) Administrators of the Union Territories
46
Department of Investment and Public Assets Management (DIPAM) of the Government of India deals with (i) Strategic Disinvestment of the Central Government (ii) Asset Monetisation (iii) Capital Restructuring
Answer
D. All (i), (ii) and (iii)
47
As per the Notification of the Government of India, from 1st July, 2020, the investment limit and turnover limit of a Small Enterprise shall be
Answer
D. 10 crore investment and 50 crore turnover
48
The International Organization which is working to promote International Co-operation in grains trade and to enhance world food safety
Answer
A. International Grains Council (IGC)
49
Match the following programmes / Institutions with their year of beginning / establishment (i) Regional Rural banks (a) 2006 (ii) The National Bank for Agriculture and Rural Development (NABARD) (b) 1998 (iii) Kisan Credit Card (c) 1982 (iv) The interest subvention scheme (ISS) for short term crop loans to farmers (d) 1976
Answer
A. (i)-(d), (ii)-(c), (iii)-(b), (iv)-(a)
50
The flagship programme introduced in the year 2015 by of the Ministry of ports, Shipping and waterways, Government of India to promote port-led development in the country
Answer
D. Sagarmala Programme
51
'The Agreement on Agriculture' by the WTO members came into force on
Answer
A. 1st January 1995
52
Which among the following is not presented to the Parliament of India as part of the Budget document by the Finance Minister? (i) Budget Speech (ii) Expenditure Profile (iii) Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement (iv) Memorandum Explaining the Provisions in the Finance Bill
Answer
D. All the above are presented as part of the budget document
53
The Inflation target set by the Government of India in consultation with the RBI for 1st April 2021 to 31st March 2026 is
Answer
B. 4% with 6% as upper tolerance limit and 2% as lower tolerance limit
54
Which among the following statement is false regarding the Monetary Policy Committee of the Reserve Bank of India?
Answer
C. There are 4 permanent and 4 invited members in the committee
55
According to the Socio-Economic and Caste Census (SECC), 2011, The District in Kerala with the Highest and lowest deprivation rate are
Answer
B. Palakkad and Ernakulam
56
The Literacy Programme implemented in Kerala for Migrant workers is
Answer
C. Changathi
57
The Three submissions under Haritha Keralam are
Answer
A. (i) sanitation and waste processing (ii) water conservation (iii) agricultural development
58
''Sabka Saath Sabka Vikas aur Sabka Vishwas'' is the motto of which initiative of the Niti Aayog?
Answer
C. Aspirational Districts Programme
59
Who has first used to term ''Washington Consensus'' to describe a set of economic policy recommendations for developing countries?
Answer
D. John Williamson in 1989
60
Considering the foreign direct investment for the last 5 years, the country from where the largest amount of FDI inflow to India took place was
Answer
B. Singapore
61
In ''symmetrical distribution'', the relation between mean, median and mode are
Answer
C. mean = median = mode
62
Given mean = 40, Mode = 25, the value of median is
Answer
B. 35
63
Given X1, X2, .... Xn are not identical, the relation between Arithmetic mean (AM), Harmonic Mean (HM) and Geometric Mean (GM) is that
Answer
A. AM > GM > HM
64
The value of correlation between
Answer
D. -1 and + 1
65
Which of the following statement is/are properties of the Normal distribution? 1. The mean > median of the normal distribution 2. Mean ± 2Σ covers 95.45% area and Mean ±3Σ covers 97.75% of the area 3. The Normal curve has only one mode value 4. The Normal curve never touches the x axis
Answer
B. Only statement 3 and 4 are correct
66
Which of the following formula can be used to find skewness?
Answer
A. 3(mean - median) Standard Deviation
67
Match the following : (i) t-test (a) 𝑥 − 𝜇 Σ (ii) F-distribution (b) Karl Pearson (iii) Chi-Square (c) George Snedecor (iv) Z-test (d) William Sealy Gosset
Answer
C. (i)-(d), (ii)-(c), (iii)_(b), (iv)-(a)
68
A business man, at the end of the day, can either make a profit of Rs. 3,000 with a probability of 0.6 or make loss of Rs. 1,000 with a probability of 0.4. His expected income is
Answer
D. 1,400
69
Type II Error is
Answer
C. Accepting a hypothesis when it should be rejected
70
There are 15 balls, numbered from 1 to 15 in a bag. If a person selects on ball at random, what is the probability that the number printed on the ball will be an even number greater than 4
Answer
B. 1 3
71
To study about life, language, festivals, traditions, which of the following method is more suitable?
Answer
C. Direct observation
72
Final goal of a research problem should be,
Answer
D. To contribute something to the existing knowledge
73
If reference is made to same page as a proceeding but not immediately proceeding reference, the citation would be
Answer
A. author 'loc.cit'
74
Quantitative research requires ------------ method to make up a theory.
Answer
C. Deductive method
75
In Checking the authenticity of document, most favourable method is,
Answer
B. Heuristics
76
Which of the following teaching methods is suitable for higher education students?
Answer
C. Reasoning method
77
You notice certain deficiencies that stand in the way of proper learning by some students belonging to socially deprived groups. What step would you suggest to keep them to cope up with the challenge?
Answer
A. Arrange programs to compensate for the deficiencies caused by social deprivation
78
Which evaluation method can be adopted at the end of the term to see how much one has learned?
Answer
D. Achievement test
79
An organism is said to be motivated when we observe,
Answer
A. Goal directed behaviour
80
Which of the following in your opinion is the most desirable ability of an efficient teacher?
Answer
B. Provide goal-oriented learning experiences
81
Under which Article the President can declare a National Emergency when the Security of India or a part of it is threatened by war or external aggression or armed rebellion?
Answer
C. Article 352
82
Which Amendment is regarded as the most Controversial Constitutional Amendment in the history of India?
Answer
A. 42nd
83
Which part of the Article 245 to 255 of the Constitution deal with the Legislative relations between the Centre and the State?
Answer
C. Part XI
84
Which year Dowry Prohibition Act enacted by the government of India?
Answer
D. 1961
85
How many ways the Constitutional amendment in India can take place?
Answer
C. Three way
86
Who started the Employment Guarantee Programme in India?
Answer
Question Cancelled
87
Right to Information Act is a Fundamental Right and is an aspect of which Article of the Indian Constitution?
Answer
B. Article 19(1)a
88
In which year the parliament of India enacted the Right of Children to Free and Compulsory Education or Right to Education Act (RTE)
Answer
C. August 2009
89
There are six Fundamental Rights guaranteed under Part III of the Constitution of India and recognized by the Indian Constitution. Which Article describes about the Cultural and Educational Rights?
Answer
D. Article 29-30
90
Which year the Right to Information Act came into effect?
Answer
B. 12th October 2005
91
Match List 1 with List 2 List 1 List 2 (i) Jathikkummi (a) Bhahmananda Sivayogi (ii) Anankkummi (b) Pandit Karuppan (iii) Panchavadi (c) Kuttippuzha Krishna Pillai (iv) Vicharaviplavam (d) C.V. Kunhiraman Choose the correct answer from the given options :
Answer
B. (i)-(b), (ii)-(a), (iii)-(d), (iv)-(c)
92
The space Telescope launched by NASA in December 2021 :
Answer
A. James Webb Space Telescope
93
Arrange the following in chronological order based on their formation (i) Prathyaksha Raksha Daiva Sabha (ii) SNDP Yogam (iii) Samathwa Samajam (iv) Sadhu Jana Paripalana Sangham
Answer
C. (iii), (ii), (iv), (i)
94
Identify the correct statement(s) regarding PAXLOVID (i) It is an oral Covid 19 Pill (ii) It is an Injection for Covid 19 (iii) It is developed by Pfizer (iv) It is a Ventilator specially designed for the Covid 19 patients
Answer
C. (i) and (iii)
95
Identify the person : . He was a native of South Africa . He was an anti-apartheid and human rights activist . He got the Nobel Peace Prize in 1984 . He died on 26th December 2021
Answer
B. Desmond Tutu
96
Consider the following statements regarding Hermann Gundert (i) Hermann Gundert was a member of the Church Mission Society (ii) He started the Malayalam News Paper 'Rajyasamacharam' (iii) He wrote Samkshepavedartham (iv) He was a German Missionary Identify the correct statement(s)
Answer
D. (ii) and (iv)
97
Consider the relation between the two parts of item A and fill in the blanks of item B accordingly. Item A - (i) Sadhu Jana Paripalana Sangham (ii) Ayyankali Item B - (i) Atmavidya Sangham (ii) ..............
Answer
A. Vaghbhatananta
98
Phage Therapy is
Answer
A. Use of bacteriophages to treat bacterial infections
99
Identify the person . He started the Sadhujan Dootan Magazine in 1919 . Cheruma Boy was one of his books . He founded the Cheramar Sabha
Answer
B. Pampadi John Joseph
100
'Knock Every Door' Campaign is meant for
Answer
D. To boost Covid-19 vaccination
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