| Post Name | LECTURER IN ECONOMICS |
|---|---|
| Department | KERALA COLLEGIATEN EDUCATION |
| Question Paper Code | 055/2014 |
| Date of Test | 29 April 2014 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Which of the following is an important Popperian criterion for evaluating scientific theories?
Answer
D. Falsifiability
2
When the total cross effect between two goods Ql and Q2is negative, the goods are called
Answer
B. Gross complements
3
Given the utility function U* = x^0.2 y^0.3 where U* is constant level of utility, x and y are two variable goods, the function is:
Answer
Question Cancelled
4
Which of the following types of demand function is derived on maximizing Stone-Geary | utility function?
Answer
B. Linear Expenditure Systems
5
Given the Average Revenue curve of a monopolist Q =20-4P, which of the following is the | price elasticity coefficient when unit price, P = 2?
Answer
C. 0.67
6
If P and D are the optimal values of primal and dual programming systems respectively, which of the following conditions is true?
Answer
C. P = D
7
Given the relationship between price, P and tax rate T by the equation, P = 8 + 3/7 T, what inference can be drawn on price when tax rate rises?
Answer
Question Cancelled
8
Two person zero sum game is strictly
Answer
D. Non-CoopĂŠrative â
9
An input-output system of mxm dimension containing one or more self sufficient groups of less than m industries is
Answer
C. Decomposable
10
Which of the following is not an axiom of Arrowâ's Impossibility theorem relating to social preferences?
Answer
A. Dictator ship
11
Who is the author of âRational Expectations and Econometric Practiceâ?
Answer
B. Robert Lucas
12
The name of the economist with whom relative income hypothesis is associated
Answer
C. James Dusenberry
13
Whose name is associated with Real Balance Effect?
Answer
D. Don Patinkin
14
Everyone percentage point increase in unemployment results in a 2.5% reduction in real GDP below the natural output. This relationship between unemployment and output is known as
Answer
B. Okunâs law
15
An important determinant of autonomous investment is
Answer
C. Aggregate demand
16
The open economy IS curve is downward sloping but is steeper than in the case of a closed economy is due to:
Answer
A. Additional leakage of imports
17
The presence of both high inflation and high unemployment is known as
Answer
D. stagflation
18
Which of the following financial assets is not included in the M3 definition of money?
Answer
A. Total deposits of post offices
19
The ratio of money supply to high powered money is
Answer
C. Money multiplier â
20
Which of the following is an example of qualitative credit control measure?
Answer
B. Regulation of margin requirements
21
Econometrics is the science which deals with
Answer
Question Cancelled
22
Which of the following is an example for Dummy Variable in Economic Model Building?
Answer
D. All the above
23
In the case of Demand Forecasting, which of the following technique is most widely used?
Answer
B. Trend fitting
24
Interpretation of the results of data analysis in an Economic model is useful for
Answer
C. Arriving at conclusions
25
Stochastic Variable is used in an Econometric Model for including
Answer
A. Error factor in the Model
26
If A and B are two economic characteristics in a set of observations then the probability of occurrence of both events simultaneously can be calculated by:
Answer
Question Cancelled
27
Among 20 teachers in a college five have Ph.D degree. Then what is the probability of getting three Ph.D holders while selecting a committee of 3 members at random:
Answer
B. 1/114
28
Two stage Sampling is more efficient than the Single stage if the correlation between the unit in the first stage is
Answer
A. Positive
29
An Estimator is considered to be the best if its distribution is
Answer
C. Normal
30
Multiple Correlation is a measure of
Answer
D. Linear Association
31
According to W.W. Rostow, the first stage of development is
Answer
D. traditional society
32
The Harrod-Domar model stated that the growth rate of the economy is determined jointly by the savings rate and
Answer
B. capital â output ratio
33
âAsian Dramaâ was written by the economist
Answer
B. Gunnar Myrdal
34
A well-known example of structural-change theory is the : '
Answer
A. Lewis model
35
Endogenous growth theory suggests a more active role for
Answer
B. public policy
36
In which of Indiaâs Five year Plans was the Mahalanobis planning strategy first adopted?
Answer
A. Second
37
Investing in this sector would come under the human capital approach
Answer
D. health
38
The âmissing womenâ concept is attributed to the economist
Answer
D. Amartya Sen
39
Loss of tree cover is known as
Answer
C. deforestation
40
The âEarth Summitâ was held in Rio-de-Janeiro in the year
Answer
C. 1992
41
Unemployment in India is basically
Answer
A. Structural in nature
42
The new economic reforms is associated with
Answer
C. PV. Narasimha Rao
43
Devaluation means
Answer
A. To reduce the value of home currency in terms of other currency
44
The chairman of the 13th Finance commission of India is:
Answer
C. Vijaikelkar
45
Census of India 2011 indicates that female literacy is lowest in : .
Answer
B. Rajasthan
46
The Gross Fiscal Deficit as a percentage of GDP in India for the year 2012-13is
Answer
Question Cancelled
47
The hypothesis on Kerala model refers to its
Answer
C. Peculiar development experience
48
In which industrial policy, new classification of industries was introduced
Answer
B. Industrial policy of 1956
49
For calculating effective literacy rate, we have to take into account population belonging to
Answer
A. Age 7 and above
50
The growth rate of GDP at factor cost in India (2004-05 prices) for the year 2012-13 is
Answer
D. 5
51
A technological innovation in the form of a new good in one country leads to âââ_______ gap and ââââ_â____ gap in other country.
Answer
Question Cancelled
52
Who first used game theory to examine strategic trade and industrial policy in 1985?
Answer
D. Both (B) and (C)
53
The formula for measuring-the rate of optimum tariff was derived by
Answer
B. Kindleberger
54
Which of the following theories is a special case of the theory of Second Best?
Answer
B. Customs Union
55
In which year was Contingency Credit Line introduced by IMF?
Answer
D. 1999
56
Who found that BoP disequilibria were settled mostly by international capital flows rather than through Gold Shipments?
Answer
Question Cancelled
57
As per CRISIL rating symbols, âBâ is the rate given to those capital market securities whose | risk can be rated as
Answer
A. High risk
58
The oldest and most accepted argument for protection which was formulated in 1790
Answer
D. Infant industry argument
59
Which of the following is not among the theories of Optimum currency area?
Answer
B. Kravisâ theory of availability
60
When the speculators fee] that the domestic interest rates will increase in future, they will be | keenly interested to invest in
Answer
A. Short term securities
61
Linear Programming Problem [LPP] was developed by
Answer
B. George Dantzig
62
Engel aggregation condition implies that the sum of income elasticities of two goods x and y is: .
Answer
D. one
63
The cross elasticity of goods under perfect competition is
Answer
C. infinity
64
Homoscedasticity assumption implies that:
Answer
B. E[uᾢ²] = Ď²
65
Under monopoly, the degree of monopoly power is measured by the formula:
Answer
A. (P â MC) / P
66
In hypothesis testing, type I error means:
Answer
B. Reject Hâ when it is true
67
Mundellâs impossible trinity means the impossibility of coexistence of
Answer
A. Free capital flow, fixed exchange rate, independent monetary policy
68
Neoclassical steady state is achieved when the value of capital (k) and Tobins q ratio is:
Answer
C. q = 1, k = 0
69
The book âKeynesian Economics and Economics of Keynesâ is written by
Answer
D. Leijonhufvud
70
Under imperfect capital mobility, fiscal expansion is more effective when
Answer
A. BP curve is flatter than LM curve
71
Which of the following sampling method is preferred for studying heterogeneous population?
Answer
B. Stratified sampling
72
A test that examine subjectsâ thoughts and thought processes is:
Answer
A. Cognitive test
73
Which of the following is most appropriate about discussion part of a research paper?
Answer
B. Explain how the findings concur with that of others
74
The process of collecting and analyzing information to develop or enhance a theory is:
Answer
A. Basic research
75
If you want to determine whether and to what degree a relationship exists between two or more variables what kind of study you have to do?
Answer
B. Correlation
76
Creating a class room climate conducive to develop positive self concept in students is by:
Answer
D. All the above
77
Which of the following teacher will be liked most?
Answer
B. A teacher who make teaching learning process enjoyable
78
An instructional model that identifies the major variable in the teaching learning process includes:
Answer
D. All the above
79
The extent of teachersâ subject matter and pedagogical expertise indicates the teachers:
Answer
C. Competency
80
What will be the impact of interactive teaching?
Answer
D. It will make teaching learning process effective, democratic and friendly
81
The term socialist has been inserted in the preamble by the ______ Amendment Act of the Constitution.
Answer
B. 42
82
Right for freedom to form Association is provided in ______ Article of the Constitution.
Answer
C. 19(1)(c)
83
Money Bill can be introduced in:
Answer
A. Lok Sabha
84
Legislative council of a State:
Answer
C. Can be abolished by the Parliament based on the resolution passed by the majority of the Legislative Assembly
85
Which of the following statement is true? (1) The President can make a proclamation declaring emergency only when he receives in writing the decision of the Union Cabinet to this effect. (2) The president could make a proclamation declaring emergency on the ground of threat of internal disturbance. (3) The president could make a proclamation declaring emergency on the ground of threat of Armed Rebellion. (4) The president could make a proclamation declaring emergency on the ground of threat of External Aggression.
Answer
B. 1, 3, 4
86
According to Child Labour (Prohibition and Regulation) Act, 1986 Child mean the person who has not completed his ______ year of age.
Answer
D. 14
87
What is the penalty for the refusal of the RTI application by the Public information Officer?
Answer
D. Rs. 25,000
88
Which of the following statement is not true?
Answer
C. No child shall be permitted to work between 8 p.m. and 8 a.m.
89
The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013: (1) Protects women working in that place. (2) Protects any women who enters the work place like clients, customer, etc. (3) Protects all the employees who are working there. (4) Protects only women working in government institutions.
Answer
A. 1 and 2
90
Whoever contravenes the provisions of S.24 of the Water (Prevention and Control of Pollution) Act, prohibition on use of stream or well for disposal of polluting matter shall be punishable with imprisonment for a term which shall not be less than:
Answer
D. 1½ year but which may extend to 6 years and with fine
91
In which novel of Kesava Dev âPappuâ appears as the main character?
Answer
A. Odayil Ninnu
92
The First editor of âSwadeshabhimaniâ daily:
Answer
D. C.P. Govinda Pilla
93
Who organised âMisrabhojanamâ?
Answer
B. Sahodaran Ayyappan
94
âPattini Jathaâ led by:
Answer
C. A.K. Gopalan
95
Who took Prime role in the publication of âRajyasamacharamâ?
Answer
B. Dr. Herman Gundert
96
The Chief guest on the occasion of 65th Republic day celebration:
Answer
A. Shinzo Abe
97
Which amount the following diseases is eradicated through immunisation programme in India?
Answer
A. Polio
98
Who inaugurated the new Kerala legislative assembly building in 1998?
Answer
C. K.R. Narayanan
99
The Minister who presented and passed the Land reformation act of Kerala in 1969:
Answer
D. K.R. Gouri
100
The bowler to take Sachinâs wicket in his last test:
Answer
B. Narsingh Deo Narine
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