Higher Secondary School Teacher (Junior) Economics 338/2017 Answer Key 12/2018

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Post : Higher Secondary School Teacher (Junior) Economics
Department : Kerala Higher Secondary Education
Category Code : 338/17
Qualification : Master's Degree in the concerned subject
Question Paper : 12/2018
Date of Test : 22-01-2018



  1. Real world situations and simulation can be effectively brought in to the classroom by
    • charts
    • models
    • multimedia
    • graphic aids

  2. Project method is given more importance in effective learning as it
    • develops interest towards learning
    • teacher directs students in learning
    • make the students learn by doing
    • make the students involved in observation

  3. Bringing teacher to the virtual classroom is through
    • internet
    • e-learning
    • website
    • e-mail

  4. Process aspect of educational technology deals with
    • theories
    • practicals
    • audio-visual aids
    • assignments

  5. One of the psychological principle related to programmed learning is
    • motivation
    • reinforcement
    • feedback
    • retention

  6. Performance assessment in teaching and learning can be done through
    • inventories
    • achievement tests
    • awareness tests
    • skill tests

  7. Among the following which is not included in longitudinal survey?
    • case study
    • panel study
    • trend study
    • cohort study

  8. Reasoning is one of the characteristics of
    • activity method
    • heuristic method
    • historical method
    • problem solving method

  9. Research design which enables the experimenter to evaluate or manipulate two or more variables simultaneously is
    • parallel group design
    • factorial design
    • case study design
    • counterbalanced design

  10. Data represented through portion of a circle is called
    • histogram
    • pie diagram
    • ogive
    • frequency polygon

  11. In India the Planning Commission was set up in the year
    • 1948
    • 1949
    • 1950
    • 1951

  12. The Article of the Indian Constitution deals with Public Interest Litigation
    • 226
    • 300
    • 360
    • 370
    Question error

  13. Which of the following taxes in India is collected by Panchayats?
    • Land Revenue
    • GST
    • Sales Tax
    • Tax on Local Fairs

  14. A dispute relating to the election of the Vice-President in India is decided by the
    • Parliament
    • Supreme Court
    • President
    • High Court

  15. The Article of the Indian Constitution deals with Union Public Service Commission
    • 280
    • 300
    • 311
    • 315

  16. Earth Day Observed on
    • March 22
    • March 28
    • April 22
    • April 28

  17. When was the Antyodaya Anna Yojana (AAY) Scheme Launched?
    • Jan 2000
    • May 2000
    • July 2000
    • Dec 2000

  18. The book ‘Half Earth: Our Plant's Fight for Life’written by
    • Edward O Wilson
    • Rachel Carson
    • Peter Matthiessen
    • Graham Matthews

  19. Tiger Survey related with the emblem of
    • Agmark
    • Pugmark
    • Claw mark
    • FPO mark

  20. Bill on Protection of Women on Domestic Violence was passed in the year
    • 2006
    • 2008
    • 2010
    • 2012
    Question error

  21. Who among the following economists emphasized the role of non-economic factors in explaining growth?
    • R.M. Solow
    • Dusenberry
    • N. Kaldor
    • Harrod

  22. For a linear demand curve, which of the following is true?
    • Elasticity of demand is unity at all points.
    • Elasticity of demand is constant at all points.
    • Elasticity increases as one slides down the demand curve.
    • Elasticity declines as one slides down the demand curve.

  23. Hedging in the foreign exchange market refers to :
    • An act of devaluation
    • Not covering a risk of foreign exchange in future
    • Covering a risk of foreign exchange in future
    • None of these

  24. New Trade Policy 2015-20 has introduced a new scheme which is called
    • Merchandise Export from India Scheme
    • Export from India Scheme
    • Merchandise Trade from India Scheme
    • Trade from India Scheme

  25. Inclusive growth objective was given for the first time in which Plan of India?
    • 9th Five Year Plan
    • 10th Five Year Plan
    • 11th Five Year Plan
    • 12th Five Year Plan

  26. Type-I error is defined as :
    • Reject Null-hypothesis when it is false
    • Reject Null-hypothesis when it is true
    • Accept Null-hypothesis when it is true
    • Accept Null-hypothesis when it is false

  27. Labour market reforms aim at :
    • Job security
    • Minimum wage
    • Labour market flexibility
    • Employment insurance

  28. Which of the following is credited with introduction of LPG model of economic development in India
    • Dr. C Rangarajan
    • Dr. Montek Singh Ahluwalia
    • Dr. Amartya Sen
    • Dr. Manmohan Singh

  29. Philips curve sets up a relation between
    • Taxes and inflation
    • Inflation and unemployment
    • Money Supply and aggregate demand
    • Price and cost of production

  30. If Marginal Propensity to Consume (MPC) is equal to Average Propensity to consume (APC) for all levels of income, the correct corresponding consumption (c) function will be
    • C = a + bY
    • C = a + b/Y
    • C = bY
    • C = bY2

  31. The relationship between aggregate saving and income is known as
    • Saving function
    • Demand Function
    • Supply function
    • Consumption function

  32. The properties of General Equilibrium state are called
    • Efficiency
    • Pareto efficiency
    • Property efficiency
    • Accuracy

  33. The negative of the slope of the PPC is called
    • MRPT
    • MRPS
    • Negative productivity
    • disinvestment

  34. The new share price Index of Mumbai Share Market is
    • DOLEX
    • UREX
    • FOREX
    • SENSEX

  35. Who developed Kinked Demand Curve Model?
    • Samuelson
    • Paul Sweezy
    • Mahalanobis
    • Marshall

  36. A market in which there is only one seller and only one buyer is called
    • Duopoly
    • bilateral monopoly
    • monopsony
    • oligopoly

  37. A producer cannot cross the iso-cost line because of
    • fixed outlay
    • entire outlay
    • price
    • none of these

  38. Who is the founder of behaviouralistic theories?
    • Bain
    • Cyert and March
    • Modigliani
    • Karl Marx

  39. Gilt edged market means
    • bullion market
    • market of government securities
    • market of guns
    • market of pure metals

  40. A mathematical expression showing the relationship between volume of output and its total cost of production is called
    • cost-function
    • price-function
    • demand function
    • supply function

  41. In the Keynesian Model of aggregate expenditure, real GDP is determined by the
    • Level of taxes
    • Level of aggregate demand
    • Price level
    • Level of aggregate supply

  42. An increase in expected future income
    • shifts the saving function upward
    • decreases consumption expenditure
    • increases saving
    • shifts the consumption function upward

  43. If the marginal propensity to save is 0.6, then the Marginal Propensity to consume Is
    • 1.0
    • 0.4
    • 0.6
    • not determinable

  44. When the consumption function becomes steeper,
    • the saving function also become steeper
    • the MPC falls
    • the MPC rises
    • loss of every dollar is consumed

  45. The only way to increase the output of one good is to reduce the output of another. This allocation of inputs is said to be :
    • Consumption efficient
    • Production efficient
    • Economic efficient
    • None of these

  46. A good for which consumption falls as an individual's income rises
    • inferior good
    • consumption good
    • durable good
    • non-durable good

  47. The increase in consumption brought about by a increase in income, when the prices of goods are held constant
    • substitution effect
    • income effect
    • price effect
    • none of these

  48. A curve that describes the relationship between the quantity of a good consumed and income
    • Kinked curve
    • Engel curve
    • Demand curve
    • None of these

  49. A form of implicit collusion, where one firm in the market sets the price and other firms follow suit
    • cartel
    • giffen good
    • price leadership
    • price taker

  50. A form of intertemporal price discrimination in which peak users pay more than off-peak users because marginal cost is higher during peak periods
    • Peak-load pricing
    • peak-load effect
    • peak-load consumption
    • none of these

  51. Segmented labour markets imply : ........//Which of the following is incorrect?
    • labour discrimination
    • Labour paid wage less than MRP
    • MP theory of wage fails to determine market outcomes
    • Equality of wages of different types of labour

  52. In India those farmers are called 'Marginal Farmers' who hold land upto :
    • 1 hectare
    • 2 hectares
    • 3 hectares
    • 4 hectares

  53. Which of the following is not related to 'empowerment of women'?
    • Gender Development Index
    • Gender Empowerment Measure
    • Gender Budgeting
    • Gender discrimination

  54. The agricultural census is done at which one of the following intervals?
    • once in five years
    • every year
    • once in ten years
    • twice

  55. The maximum amount that a customer is willing to pay for a good
    • real price
    • reservation price
    • marginal price
    • absolute price

  56. Tobin tax is a tax on :
    • transactions in the share market
    • transactions in the money market
    • transactions in the commodity market
    • transactions in the foreign exchange market

  57. The discriminating monopolist will charge a higher price in the market in which the price elasticity of :
    • demand is smaller
    • supply is smaller
    • demand is greater
    • supply is greater

  58. A model of oligopoly in which one firm sets output before the other firms do
    • strategic model
    • stackelberg model
    • suspense model
    • duopoly

  59. An expenditure that has already been made and cannot be recovered
    • fixed cost
    • sunk cost
    • variable cost
    • real cost

  60. Dividing consumers into two or more groups with different demands for a product in order to charge different prices to each group
    • first degree price discrimination
    • second degree price discrimination
    • third degree price discrimination
    • none of these

  61. A market with few producers in the Industry
    • Oligopoly
    • Monopsony
    • Duopoly
    • Cartel

  62. In case of deficit budget, when the deficits are covered through taxes, that budget is called :
    • surplus budget
    • balanced budget
    • unbalanced budget
    • none of these
    Question error

  63. The WTO was founded in
    • 1995
    • 1998
    • 2000
    • 1996

  64. Privatisation of the public sector enterprises by selling off part of the equity of PSEs to the public is known as
    • disinvestment
    • equity share
    • profit
    • dividend

  65. Which have been removed to increase the competitive position of Indian goods in the international markets?
    • Import duties
    • Export duties
    • Tariffs
    • Quota
    Question error

  66. Which is the term used to refer the relationship between human beings and their physical environment?
    • Human physiology
    • Human ecology
    • Human environment
    • None of these
    Question error

  67. The standard of living is often measured by
    • Real GDP per capita
    • Real GDP
    • Real GDP population
    • Real GDP plus depreciation

  68. The Gini Coefficient measures
    • Income inequality
    • Inflation
    • Unemployment
    • Economic growth

  69. The year in which Burgress and Park developed their theory of urban ecology
    • 1925
    • 1935
    • 1915
    • none of these
    Question error

  70. The movement of people from central cities to smaller communities in the surrounding areas is known as
    • Reverse migration
    • Under urbanization
    • Suburbanisation
    • Over-urbanisation
    Question error

  71. The gendering of World Politics is seen in which areas?
    • Prostitution and human trafficking
    • Civil wars and refugee flows
    • Trade and development
    • All the options given are correct
    Question error

  72. The period of the business cycle in which real GDP is increasing is called the :
    • expansion
    • peak
    • recession
    • depression

  73. A type of unemployment in which workers are in between jobs or are searching for new and better jobs is called
    • Frictional unemployment
    • Cyclical unemployment
    • Structural unemployment
    • Turnover

  74. Which of the following is a "loser" from unexpected inflation?
    • Workers with COLAs
    • people who own treasury Bills
    • the middle class
    • people who own homes and have fixed rate martgages

  75. The largest transfer in the federal budget is :
    • defense
    • education
    • Social security
    • Welfare
    Question error

  76. The Philips curve describes the relationship between :
    • the federal budget deficit and the trade deficit
    • savings and investment
    • the unemployment rate and the inflation rate
    • marginal taxes rates and tax revenues

  77. According to the monetarists, in the long-run, the Phillips curve is
    • vertical
    • horizontal
    • downward sloping
    • upward-sloping

  78. Who has given the concept of urban fringe?
    • M.N. Srinivas
    • K.M. Kapadia
    • S.C. Dube
    • None of these
    Question error

  79. Who introduced the concept of Gesellschalt?
    • George Simmel
    • Durkheim
    • Tonnies
    • None of these
    Question error

  80. What is "double burden"?
    • It refers to the disproportionate share of housework done by women
    • It dates to the 17th century
    • It is rooted in gendered conceptions of the distinction between public and private life
    • All of these are correct
    Question error

  81. What is the gendered division of labour?
    • It is based on gender-structured conceptions of appropriate work
    • It has led to an increase in women's consumption worldwide.
    • It negates the 'double burden'
    • none of the answers given are correct

  82. What is the impact of globalization?
    • It has created new areas of women's advancement
    • It has led to new challenges and dangers for women
    • It has not changed the fundamental inequality of gender-relationships in the world enough
    • all of these are correct
    Question error

  83. Who developed concentric-zone theory of city?
    • Louis Wirth
    • E. Burgess
    • M.N. Srinivas
    • M.S.A. Rao
    Question error

  84. Which of the following is a stage within the 'product life cycle'?
    • Maturity
    • Profitability
    • Abandonment
    • Regeneration
    Question error

  85. An organisation's equal opportunities policy should be concerned with which of the following?
    • Age discrimination
    • Opportunity cost
    • Globalisation of supply
    • the balanced scorecard
    Question error

  86. Which of the following describes an economic market that is controlled by two main suppliers?
    • Monopoly
    • Price discrimination
    • Duopoly
    • Perfect competition

  87. Which of the following explains how a Public sector organization obtains its Funds?
    • from direct and indirect taxes
    • from money invested by shareholders
    • from donations made by the public
    • from sales in overseas markets
    Question error

  88. 'Dynamic inefficiency' in the context of a model of economic growth means
    • the economy's output per unit labour is below its steady-state value
    • the economy's unemployment rate is too high
    • the economy's steady state is not at the golden-rule steady-state
    • none of the answers are correct

  89. 'Capital Widening' refers to that part of investment needed to
    • increase the capital per unit effective labour ratio
    • replace capital that has depreciate
    • equip new units of effective workers at the same capital per unit effective labour ratio
    • all of these
    Question error

  90. A 'PEST' analysis is conducted on which of the following of an organisation's environments?
    • Internal environment
    • Market environment
    • Historical environment
    • Macro environment
    Question error

  91. Which one is not related with swadeshabhimani K Ramakrishnapillai?
    • Kerala Pathrika
    • Keralan
    • Sarada
    • Deshabhimani

  92. Former wrestling star Battulga Khaltmaa has won the Presidential election of _____ .
    • Philippines
    • Mangolia
    • Indonesia
    • Thailand

  93. ________ has been described India's first world heritage city.
    • Ahmedabad
    • Mysore
    • Delhi
    • Jaipur

  94. Which one is the first important programme of "Sahodara Sangam"?
    • Misra Vivaham
    • Eradication of superstition
    • Negation of religion
    • Misrabhojanam

  95. Who started the Malayalam newspaper "Paschima Tharaka"?
    • Devji Bheemji
    • Benjamin Bailey
    • Herman Gundert
    • Kandathil Vargeese Mappila

  96. Which one is the first Malayalam drama?
    • Chandra Mukhee Vilasam
    • Subadrarjanam
    • Keraleeya Bhasha Shakunthalam
    • Sadaraama
    Question error

  97. ________ has historically been the gateway for invasions of the Indian subcontinent from the North West.
    • Khyber pass
    • Shipkhila pass
    • Nathoola pass
    • Bara Lacha pass

  98. ________ has become the first country in the world to prohibit deforestation
    • Lithuania
    • Norway
    • Denmark
    • Latvia

  99. 'Lavani' is the most popular form of dance in the state of __
    • Manipur
    • Mizoram
    • Maharashtra
    • Meghalaya

  100. Thiruvananthapuram Public Library was established during the reign of____
    • Marthandavarma
    • Gouri Lakshmi Bhai
    • Swathi Thirunal
    • Dharma Raja

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