# Kerala PSC HSST Economics previous question paper part 3

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

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

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

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)

54:-Which of the following is known as parametric test?
A:-F-test
B:-Z-test
C:-t-test
D:-All the above

55:-Inverse probability is also known as
A:-Bayesian probability
B:-Neyman probability
C:-Egon probability
D:-Poisson probability

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

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

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

59:-Accepting a hypothesis which is false is called
A:-Type I Error
B:-Type II Error
C:-Absolute error

60:-In matrix, inverse is defined only in case of
A:-Singular matrix
B:-Non-singular matrix
C:-Row matrix
D:-Plural matrix

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

62:-The degree of inequality is measured using
A:-Kuznet's inverted U curve
B:-Offer curve
C:-Lorenz curve
D:-Laffer curve

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

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

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

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

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

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

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

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

71:-The only state where females outnumber males is
A:-Karnataka
B:-Kerala
D:-Bihar

72:-Economic reforms were started in India in
A:-1991
B:-1992
C:-1993
D:-1994

73:-The second five year plan gave priority to
A:-Agriculture
B:-Heavy capital goods industries
C:-Services
D:-Tourism

74:-HDI is related to measure
A:-Economic growth
B:-Economic development
C:-Underdevelopment
D:-Stationary State