07-07-2018, 11:53 PM
Download previous year solved question paper and answer key of Kerala PSC Higher Secondary School Teacher (Junior) Economics examination held on January 22, 2018.
Some Sample Questions from the paper
An increase in expected future income
(A) Â shifts the saving function upward
(B) Â decreases consumption expenditure
© Â increases saving
(D) Â shifts the consumption function upward
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 :
(A) Consumption efficient (B) Production efficient © Economic efficient (D) None of the above
The increase in consumption brought about by a increase in income, when the prices of goods are held constant (A) substitution effect (B) income effect© price effect (D) none of the above
A curve that describes the relationship between the quantity of a good consumed and income
(A) Kinked curve (B) Engel curve© Demand curve (D) None of the above
For Complete set of questions and answers download the question paper and answer key from the links below
Some Sample Questions from the paper
An increase in expected future income
(A) Â shifts the saving function upward
(B) Â decreases consumption expenditure
© Â increases saving
(D) Â shifts the consumption function upward
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 :
(A) Consumption efficient (B) Production efficient © Economic efficient (D) None of the above
The increase in consumption brought about by a increase in income, when the prices of goods are held constant (A) substitution effect (B) income effect© price effect (D) none of the above
A curve that describes the relationship between the quantity of a good consumed and income
(A) Kinked curve (B) Engel curve© Demand curve (D) None of the above
For Complete set of questions and answers download the question paper and answer key from the links below