HSST ECONOMICS – JUNIOR – SR FOR SC/ST – KHSE

FINAL ANSWER KEY
Question Paper Code: 64/2016/OL
Category Code: 691/2014
Exam: HSST ECONOMICS JR SC/ST
Medium of Question: English
Date of Test 01-08-2016
Alphacode A
Question1:-Name the British missionary who opened an English school at Mattancherry ?
A:-J Dawson
B:-Benjamin Bailey
C:-Richard Collins
D:-Robert Drummond
Correct Answer:- Option-A
Question2:-Who established ‘Samathwa Samajam’ in 1836 ?
A:-Vagbhadananda
B:-Vaikunta Swami
C:-Brahmananda Sivayogi
D:-K. P. Karuppan
Correct Answer:- Option-B
Question3:-When was approach roads to Vaikam temple thrown open to all Hindus ?
A:-1926
B:-1927
C:-1928
D:-1929
Correct Answer:- Option-C
Question4:-Who started the newspaper ‘Kerala Kaumudi’ ?
A:-Kumaran Asan
B:-Kesavan Asan
C:-T. K. Madhavan
D:-C. V. Kunhiraman
Correct Answer:- Option-D
Question5:-Who was the editor and founder of the magazine ‘Shrimati’ ?
A:-Arya Pallam
B:-Anna Chandi
C:-Akkamma Cheriyan
D:-A. V. Kuttimalu Amma
Correct Answer:- Option-B
Question6:-From where was Kerala’s first newspaper ‘Kerala Samacharam’ published ?
A:-Calicut
B:-Cannanore
C:-Tellicherry
D:-Kasargod
Correct Answer:- Option-C
Question7:-When was Panchayati Raj Act passed in Kerala ?
A:-1960
B:-1961
C:-1962
D:-1963
Correct Answer:- Option-A
Question8:-Who is known to the world of letters by his title ‘Kerala Panini’ ?
A:-Kerala Varma
B:-K. C. Kesava Pillai
C:-Kochunni Tampuran
D:-A. R. Raja Raja Varma
Correct Answer:- Option-D
Question9:-Which district introduced ‘Kudumasree Scheme’ in Kerala ?
A:-Ernakulam
B:-Kottayam
C:-Kollam
D:-Alappuzha
Correct Answer:- Option-D
Question10:-Which Chief Minister brought ‘Dies non’ law of Kerala ?
A:-E. M. S. Naboothirippad
B:-E. K. Nayanar
C:-C. Achyutha Menon
D:-Panampilly Govinda Menon
Correct Answer:- Option-C
Question11:-Arrange the following teaching process in their order of sequence.
i) Presenting subject matter
ii) Setting instructional objectives
iii) Asking evaluating questions
iv) Testing previous knowledge
v) Re-teaching the hard spots
A:-iv, i, ii, iii, v
B:-i, ii, iv, iii, v
C:-ii, iv, i, iii, v
D:-ii, iii, iv, v, i
Correct Answer:- Option-C
Question12:-Which of the following belong to a projected aid ?
A:-Still models
B:-Epidiascope
C:-Diorama
D:-Specimens
Correct Answer:- Option-B
Question13:-Which of the following is a teacher education technique which allows teachers to apply clearly defined teaching
skills ?
A:-Co-operative teaching
B:-Team teaching
C:-Collaborative teaching
D:-Micro teaching
Correct Answer:- Option-D
Question14:-The most appropriate purpose of learning is
A:-Social and political awareness
B:-Positive behaviour adaptation
C:-For gaining new knowledge
D:-Preparing oneself for livelihood
Correct Answer:- Option-B
Question15:-If the test is taken again by the same students under the same circumstances the score average is almost the
constant. This quality of a test is
A:-Validity
B:-Simplicity
C:-Objectivity
D:-Reliability
Correct Answer:- Option-D
Question16:-Which type of Research method places its emphasis on a problem here and now in a
local setting ?
A:-Action Research
B:-Basic Research
C:-Applied Research
D:-Historical Research
Correct Answer:- Option-A
Question17:-Which of the following determine the type of data to be required and the type of methods of data analysis to be
used in research ?
A:-Hypothesis
B:-Analysis
C:-Design
D:-Statistics
Correct Answer:- Option-A
Question18:-A meeting or conference for the public discussion of some topic especially one in which the participants form
an audience and make presentation
A:-Workshop
B:-Seminar
C:-Conference
D:-Symposium
Correct Answer:- Option-D
Question19:-‘Sampling frame’ means
A:-Preparing a complete list of units of a finite population for drawing a sample
B:-Identification of target and accessible population
C:-Defining sample unit and selecting units
D:-Fixing the sample size and drawing a sample
Correct Answer:- Option-A
Question20:-Which of the following characteristic cannot be considered a quality of good hypothesis ?
A:-Testability
B:-Clarity
C:-Modifiability
D:-Verifiability
Correct Answer:- Option-C
Question21:-Which of the following determines that the Indian Constitution is federal ?
A:-A written and Rigid Constitution
B:-An independent judiciary
C:-Vesting of residuary powers with the centre
D:-Distribution of powers between the Centre and the States
Correct Answer:- Option-D
Question22:-The term ‘cabinet’ is mentioned in which of the following articles of the Constitution ?
A:-Art. 74
B:-Art. 75
C:-Art. 352
D:-Not mentioning in the Constitution
Correct Answer:- Option-C
Question23:-The institution of Lokayukta was created for the first time by the state of
A:-Maharashtra
B:-Bihar
C:-Punjab
D:-Orissa
Correct Answer:- Option-A
Question24:-Which of the following writs is not specifically provided in the Constitution of India ?
A:-Prohibition
B:-Injection
C:-Mandamus
D:-Quowarranto
Correct Answer:- Option-B
Question25:-Consider the following
1. Right to education
2. Right to equal access to public service
3. Right to food
Which of the above is/are Human Right/Human Rights under “Universal Declaration of Human Rights”
A:-1 only
B:-1 and 2 only
C:-3 only
D:-1, 2 and 3
Correct Answer:- Option-D
Question26:-When was India ratified the CEDOW treaty ?
A:-1992
B:-1993
C:-1994
D:-1995
Correct Answer:- Option-C
Question27:-Under which Constitution Article the Indian government enacted the Environment Protection Act of 1986 ?
A:-Article 253
B:-Article 256
C:-Article 324
D:-Article 328
Correct Answer:- Option-A
Question28:-Rural Landless Employment Guarantee Programme (RLEGP) was introduced in India on
A:-August 15, 1981
B:-August 15, 1983
C:-January 26, 1982
D:-January 26, 1984
Correct Answer:- Option-B
Question29:-The National Food Security Act was passed in the Indian Parliament in
A:-1 August 2012
B:-12 September 2013
C:-15 January 2013
D:-21 November 2014
Correct Answer:- Option-B
Question30:-NGOs receiving over 95% of their infrastructure funds from the government come under the Right to
Information Act in the year
A:-2012
B:-2013
C:-2014
D:-2015
Correct Answer:- Option-C
Question31:-The process of deriving economic generalizations on the basis of observations and experiences is called
A:-Deductive method
B:-Inductive method
C:-Abstract method
D:-Analytical method
Correct Answer:- Option-B
Question32:-The book ‘Value and Capital’ has been authored by
A:-Karl Marx
B:-P. A. Samuelson
C:-E. E. Slutsky
D:-J. R. Hicks
Correct Answer:- Option-D
Question33:-The revealed preference theory is based on the postulation of
A:-Weak ordering preference
B:-Strong ordering preference
C:-Indifferent preferences
D:-Indeterminate preferences
Correct Answer:- Option-B
Question34:-In the production process a firm will shut down when the price falls below
A:-The average fixed cost
B:-The marginal cost
C:-The average variable cost
D:-The total cost
Correct Answer:- Option-C
Question35:-When a monopolist is able to sell each separate unit of a product at a different price, a situation of
A:-Price discrimination of first degree exists
B:-Price discrimination of second degree exists
C:-Price discrimination of third degree exists
D:-None of the above
Correct Answer:- Option-A
Question36:-In the kinked demand curve hypothesis, the segment of demand curve above the prevailing price is
A:-Highly inelastic
B:-Perfect inelastic
C:-Highly elastic
D:-Perfect elastic
Correct Answer:- Option-C
Question37:-The speculative demand for money is an inverse function of
A:-Income
B:-Marginal propensity to consume
C:-Marginal efficiency of capital
D:-Rate of interest
Correct Answer:- Option-D
Question38:-The constancy of labour share in the national income has been explained by Kalecki on the basis of
A:-The capitalist theory of distribution
B:-The monopoly theory of distribution
C:-The classical labour theory of value
D:-The Keynesian theory of national income
Correct Answer:- Option-B
Question39:-The marginal conditions to be fulfilled for the attainment of Pareto optimality were given by
A:-V. Pareto
B:-H. Robertson
C:-P. A. Samuelson
D:-Lerner and Hicks
Correct Answer:- Option-D
Question40:-Euler’s product exhaustion theorem will be applied only in the case of production functions with
A:-Diminishing returns to scale
B:-Constant returns to scale
C:-Increasing returns to scale
D:-Variable returns to scale
Correct Answer:- Option-B
Question41:-The fundamental assumption of Absolute Income Hypothesis is
A:-Consumption – Income relationship is reversible
B:-Consumption – Income relationship is irreversible
C:-Consumption – Income relationship is passive
D:-Consumption – Income relationship is indeterminate
Correct Answer:- Option-A
Question42:-In the Fishers equation of exchange MV = PT, the variable ‘V’ stands for
A:-Value of money
B:-Velocity of circulation of money
C:-Volume of goods and services
D:-Value of goods and services
Correct Answer:- Option-B
Question43:-The level of unemployment at which a constant rate of inflation may be maintained is called
A:-Mean rate of unemployment
B:-Actual rate of unemployment
C:-Warranted rate of unemployment
D:-Natural rate of unemployment
Correct Answer:- Option-D
Question44:-Money that has no intrinsic value but established by a government decree is known as
A:-Fiat money
B:-Commodity money
C:-Plastic money
D:-Real money
Correct Answer:- Option-A
Question45:-Money supply curve in the Keynesian analysis of liquidity preference is
A:-Vertical straight line
B:-Horizontal straight line
C:-Downward slopping curve
D:-None of the above
Correct Answer:- Option-A
Question46:-The LM curve will shift to right when there is an
A:-Increase in the rate of saving
B:-Increase in the investment
C:-Increase in the money supply
D:-Increase in the public borrowings
Correct Answer:- Option-C
Question47:-The basic proposition of the psychological law of consumption is that
A:-APC and MPC are equal
B:-APC is negative
C:-MPC is positive but less than unity
D:-MPC is always equal to one
Correct Answer:- Option-C
Question48:-The relationship between unemployment and the rate of change in the wage rate, according to A. W. Phillips is
A:-Inverse and non-linear
B:-Direct and proportional
C:-Direct but non proportional
D:-Inverse but linear
Correct Answer:- Option-A
Question49:-The expansion and contraction process in the business cycle model of Kaldaor is brought about by the
A:-Interaction between multiplier and accelerator
B:-Business expectations
C:-Stock of capital
D:-Technological shocks
Correct Answer:- Option-C
Question50:-Monetarism postulates that
A:-Money is a substitute for a wide range of real and financial assets but no single asset is a close substitute for money
B:-A fiscal-monetary mix will bring about stabilities
C:-Fiscal policy is more effective in curbing inflation and generating full employment
D:-Money is neutral and insignificant
Correct Answer:- Option-A
Question51:-The theory of vicious circle deals with
A:-Full employment
B:-Imperfect markets
C:-Poverty
D:-Inequality
Correct Answer:- Option-C
Question52:-The marginal productivity of labour under the state of disguised unemployment is
A:-Equal to one
B:-Equal to zero
C:-Greater than one
D:-Equal or greater than one
Correct Answer:- Option-B
Question53:-The theory of Economic development with unlimited supplies of labour argues for
A:-Promotion of DPA and SOC in the economy to absorb excess labour
B:-Improvement of agriculture to provide more employment
C:-Unlimited supply of labour at the current market wage
D:-Shifting of labour with zero marginal productivity from agriculture to industry
Correct Answer:- Option-D
Question54:-The technique which provides numerical solution to the problem of making optimum in the context of given
constraints
A:-Linear programming
B:-Shadow pricing
C:-The incremental capital-output ratio
D:-Choice of technique
Correct Answer:- Option-A
Question55:-The book ‘Asian Drama’ has been written by
A:-Gunar Myrdal
B:-C. P. Kindleberger
C:-A. P. Thrilwall
D:-Ragnar Nurkse
Correct Answer:- Option-A
Question56:-In the model of Golden Age, equilibrium is attained when
A:-Growth rate of labour is equal to the growth rate of technology
B:-Incremental saving is equal to investment
C:-Rate of growth of capital is equal to the rate of growth of labour
D:-COR is equal to ICOR
Correct Answer:- Option-C
Question57:-The knife edge equilibrium is attained at the point where
A:-Gn > Gw > G
B:-Gn = Gw
C:-G = Gn
D:-G = Gn = Gw
Correct Answer:- Option-D
Question58:-P. C. Mahalanobis was the architect of
A:-First five year plan
B:-Second five year plan
C:-Third five year plan
D:-Fourth five year plan
Correct Answer:- Option-B
Question59:-The Planning Commission has been replaced in India by
A:-Finance Commission
B:-Niti Aayog
C:-Council for Economic Development
D:-Indian Economic Forum
Correct Answer:- Option-B
Question60:-The National Bank for Agriculture and Rural Development (NABARD) was established in the year
A:-1964
B:-1969
C:-1982
D:-1991
Correct Answer:- Option-C
Question61:-The situation where a country simultaneously import and export the same product is called
A:-International reciprocal trade
B:-Internal reciprocal trade
C:-Factor reversal trade
D:-Intra-industry trade
Correct Answer:- Option-D
Question62:-The phenomenon of Dutch Disease has been advanced to explain the existence of
A:-Traded goods sector in an economy
B:-Non traded goods sector in an economy
C:-Differentiated goods in an economy
D:-Identical goods sector in an economy
Correct Answer:- Option-B
Question63:-Which of the following theory suggests that labour cost will be the determinant of trade and the country with
the lower labour cost will be the exporter of that commodity ?
A:-Factor abundance theory
B:-Labour productivity theory
C:-Theory of comparative advantage
D:-Neo-Hotelling model
Correct Answer:- Option-C
Question64:-The dead weight loss of tariff implies
A:-Production loss and consumption loss due to tariff
B:-Revenue loss for the exporting country
C:-Revenue loss for the importing country
D:-Redistribution of loss between exporting and importing countries
Correct Answer:- Option-A
Question65:-The concepts of trade creation and trade diversion in the theory of customs union was introduced by
A:-Kemp and Wan
B:-J. N. Bhagwati
C:-Jacob Viner
D:-Geoffrey Reed
Correct Answer:- Option-C
Question66:-The first United Nations Conference on Trade and Development (UNCTAD) was held in
A:-Tokyo
B:-Rio De Generio
C:-New York
D:-Geneva
Correct Answer:- Option-D
Question67:-The investment in a foreign country where the investing party does not seek control over the investment is the
typical case of
A:-Foreign direct investment
B:-Foreign portfolio investment
C:-Foreign tied fund
D:-Foreign untied fund
Correct Answer:- Option-B
Question68:-The current account in the BOP records
A:-Exports and imports of goods and services and unilateral transfers
B:-Exports and imports of goods and services only
C:-Export of goods and portfolio investment
D:-All international transaction including private and official
Correct Answer:- Option-A
Question69:-A floating exchange rate will be stable if
A:-An appreication of the domestic currency leads to an excess demand for the foreign currency
B:-A depreciation of the domestic currency leads to an excess demand for the foreign exchange
C:-An appreciation of the domestic currency leads to an excess supply of the foreign exchange
D:-None of the above
Correct Answer:- Option-A
Question70:-The factor which enables both exporters and importers to protect against the risk of exchange rate fluctuation
is
A:-Arbitrage
B:-Speculation
C:-Hedging
D:-Devaluation
Correct Answer:- Option-C
Question71:-In the equation for consumption function C = a + bY, b means
A:-MPC
B:-MPS
C:-DPI
D:-Transfer payments
Correct Answer:- Option-A
Question72:-The density of population in India by the 2011 census is
A:-301
B:-324
C:-339
D:-382
Correct Answer:- Option-D
Question73:-The food grains production in India crossed 250 million tones for the first time during the year
A:-1990-91
B:-2001-02
C:-2008-09
D:-2011-12
Correct Answer:- Option-D
Question74:-During the last decade, the highest growth rate was recorded in India in the
A:-Manufacturing sector
B:-Agriculture and allied activities
C:-Service sector
D:-External sector
Correct Answer:- Option-C
Question75:-The average annual growth rate of the GDP in India during the post reform period is
A:-6.5 percent
B:-4.6 percent
C:-5.0 percent
D:-6.2 percent
Correct Answer:- Option-A
Question76:-The flagship programme to enhance livelihood security of households by providing guaranteed wage
employment for at least one hundred days
A:-DWCRA
B:-ULEGP
C:-MGNREGP
D:-PMRY
Correct Answer:- Option-C
Question77:-Among the following, the excluded item from the currency component of money supply (`M_(1)` ) in India
A:-Circulation of rupee coins
B:-Circulation of small coins
C:-Demand deposit of the public
D:-Cash held by commercial banks
Correct Answer:- Option-D
Question78:-The committee which was appointed in 1991 to examine the structure, organization, function and procedures
of the financial system in India
A:-Kelkar Committee
B:-Raja J. Chelliah Committee
C:-Narasimham Committee
D:-K. N. Raj Committee
Correct Answer:- Option-C
Question79:-The Securities and Exchange Board of India (SEBI) was established in the year
A:-1964
B:-1988
C:-1991
D:-1994
Correct Answer:- Option-B
Question80:-The term vertical imbalance in fiscal federalism implies
A:-The financial imbalance between the Centre and the States
B:-The imbalance in the distribution of resources between developed and less developed States
C:-The imbalance in the distribution of financial resources among the poor States
D:-The financial imbalance between developed and less developed regions
Correct Answer:- Option-A
Question81:-The new classical theory of business cycle argues that
A:-Economic fluctuations are genereted by natural factors in the economy
B:-Large variations in the level of output and employment are caused by political decisions
C:-Economic fluctuations are responses to uncertainty in the rate of technological progress
D:-None of these
Correct Answer:- Option-C
Question82:-The term ‘saltwater’ has been used to represent the approaches of
A:-New Keynesians
B:-New Classicals
C:-Orthodox Keynesians
D:-Neo-Classicals
Correct Answer:- Option-A
Question83:-The insider-outsider models seek to explain
A:-Why workers need to be motivated and machines do not
B:-What forms the economic glue that keeps workers and firms together in the labour market
C:-That it is not in firms interest to lower real wages because real wages and worker effort are interdependent
D:-Why wage rigidity persists in the face of involuntary unemployment
Correct Answer:- Option-D
Question84:-Euro dollar deposit in the Euro currency market means
A:-A time deposit denominated in dollar and made with a bank of United States
B:-A time deposit denominated in dollar but made with a bank outside the United States
C:-A time deposit in terms of both Euro and Dollar
D:-A shadow currency deposit for transaction between Europe and U.S.
Correct Answer:- Option-B
Question85:-The main objective of the Targeted Public Distribution System (TPDS) introduced recently in India is
A:-To direct subsidy to the families of BPL
B:-To provide subsidies to both BPL and APL
C:-To widen the coverage of PDS
D:-Integration of PDS with open market
Correct Answer:- Option-A
Question86:-For a square matrix A there exists an inverse only if
A:-A is symmetric
B:-A is skew symmetric
C:-A is singular
D:-A is non singular
Correct Answer:- Option-D
Question87:-For the demand function X = “`27/P^(3)` , the elasticity of demand is
A:-“`P^(2)`
B:-1
C:-3
D:-““`-27/P^(4)`
Correct Answer:- Option-C
Question88:-For a highly heterogeneous population we use
A:-Stratified sampling
B:-Simple random sampling
C:-Cluster sampling
D:-Systematic sampling
Correct Answer:- Option-A
Question89:-The two lines of regression are given as x + 2y — 5 = 0 and 2x + 3y = 8 then the mean values of x and y
respectively are
A:-2, 1
B:-1, 2
C:-2, 5
D:-2, 3
Correct Answer:- Option-B
Question90:-In the simultaneous tossing of two perfect dice, the probability of obtaining 4 as the sum of the resultant faces
is
A:-`(4)/(12)`
B:-`(1)/12`
C:-`(3)/(12)`
D:-`(2)/(12)`
Correct Answer:- Option-B
Question91:-Let Ø be an unknown parameter and `T_(1)` be an unbiased estimator of Ø. If Var (`T_(1)`)