**Kerala PSC Higher secondary school teacher economics solved paper Part 3**

**Question Paper Code: 12/2017/OL**

**Category Code: 357/2016**

**Exam: HSST ECONOMICS SC/ST**

**Date of Test 07-03-2017**

**HSST Economics Detailed syllabus: Click Here**

51:-Two unbiased dies are tossed simultaneously, what is the probability that the sum of the outcomes would be eleven

A:-1/4

B:-1/18

C:-1/36

D:-1/6

Answer:- Option-B

52:-The value of second order differential of (Total Revenue - Total Cost) a profit maximiser will be

A:-zero

B:-positive

C:-negative

D:-not defined

Answer:- Option-C

53:-The difference between collected data and actual value is called

A:-random error

B:-statistical error

C:-sampling error

D:-both (2) and (3)

Answer:- Option-D

54:-Which of the following is known as parametric test?

A:-F-test

B:-Z-test

C:-t-test

D:-All the above

Answer:- Option-D

55:-Inverse probability is also known as

A:-Bayesian probability

B:-Neyman probability

C:-Egon probability

D:-Poisson probability

Answer:- Option-A

56:-In a college 60% of the students play football, 50% of the students play basketball, 30% of the students play

both football and basketball. Find the probability that students play neither of the sports

A:-80

B:-0.90

C:-0.50

D:-0.20

Answer:- Option-D

57:-In a regression involving time series data with successive observations showing interdependency, i.e. `"E (U_iU_j)" !=0` this is popularly known asA:-Linear correlation

B:-Auto correlation

C:-Non-linearcorrelation

D:-Multicollinearity

Answer:- Option-B

58:-In economic analysis when dependent variables are essentially qualitative we make use of

A:-Spearman Co-efficient

B:-Quality variables

C:-Dummy variables

D:-Estimator

Answer:- Option-C

59:-Accepting a hypothesis which is false is called

A:-Type I Error

B:-Type II Error

C:-Absolute error

D:-More information required

Answer:- Option-B

60:-In matrix, inverse is defined only in case of

A:-Singular matrix

B:-Non-singular matrix

C:-Row matrix

D:-Plural matrix

Answer:- Option-B

61:-The official call for a New International Economic Order was first originated by

A:-UN General Assembly in 1974

B:-UNIDO in 1975

C:-IMF in 1980

D:-UNCTAD in 1987

Answer:- Option-A

62:-The degree of inequality is measured using

A:-Kuznet's inverted U curve

B:-Offer curve

C:-Lorenz curve

D:-Laffer curve

Answer:- Option-C

63:-An index which combines a measure of income per head with measures of life expectancy and adult literacy

A:-HPI

B:-HDI

C:-PGI

D:-PQLI

Answer:- Option-B

64:-'Life sustenance, Self-esteem and freedom are the basic components or core values of development' is the concept originally introduced by

A:-Amartya Sen

B:-Arthur Lewis

C:-D Goulet

D:-Michael P Todaro

Answer:- Option-C

65:-If the ratio of marginal product is the same at the capital to labour ratio and equal proportional amounts of the two factors are saved, then it is

A:-Labour Saving Technical Progress

B:-Capital Saving Technical Progress

C:-Neutral Technical Progress

D:-Inventive and Innovative Technical Progress

Answer:- Option-C

66:-Who authored the book "Economic Development with Unlimited Supplies of Labour"?

A:-T.W. Schultz

B:-Mark Blaug

C:-John Fei and Gustav RanisD:-Arthur Lewis

Answer:- Option-D

67:-The relationship between the growth of productivity and growth of industry is referred to as

A:-Verdoon's law

B:-Wagner's law

C:-Okun's law

D:-Law of variable proportions

Answer:- Option-A

68:-The process of economic development is regarded as a 'Chain of Dis-equilibria' is associated with

A:-Ragnar Nurkse

B:-A.O. Hirshman

C:-P.N. Rosenstein Rodan

D:-H. Leibenstein

Answer:- Option-B

69:-India's 3rd Five Year Plan is said to be based on

A:-Domar Model

B:-Feldman Model

C:-Ashok Rudra Model

D:-S. Chakravarthy Model

Answer:- Option-D

70:-The synchronized allocation of available capital in every sectors to meet the target of economic development in UDCs, is the idea behind

A:-Big Push Theory

B:-Balanced Growth Strategy

C:-Unbalanced Growth Strategy

D:-Critical Minimum Effort Thesis

Answer:- Option-B

71:-The only state where females outnumber males is

A:-Karnataka

B:-Kerala

C:-Tamilnadu

D:-Bihar

Answer:- Option-B

72:-Economic reforms were started in India in

A:-1991

B:-1992

C:-1993

D:-1994

Answer:- Option-A

73:-The second five year plan gave priority to

A:-Agriculture

B:-Heavy capital goods industries

C:-Services

D:-Tourism

Answer:- Option-B

74:-HDI is related to measure

A:-Economic growth

B:-Economic development

C:-Underdevelopment

D:-Stationary State

Answer:- Option-B

75:-Lorenz curve measures

A:-Economic equality

B:-Economic inequality

C:-Income inequality

D:-All of the above

Answer:- Option-C

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