Economics– Important Questions Bank for Kerala Board HSE 2016 Examination
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Today, we are posting the Economics – Important Questions Bank for Kerala Board HSE 2016 Examination to make life easy for all you HSE students.
Without making you wait any further, please find the questions below:
1. If the price of commodity ‘x’ increases, the quantity demanded of commodity of also increases, then the commodity x and y are
a) Complementary goods
c) giften goods
d) Inferior goods
2. MPC + MPS is always equal to…..
b) Less than one
d) Greater than one
3. Which of the following do not fall into ‘Capital receipts’
a) Loans from RBI
b) Loans from the Public
c) Receipts from the sale of share of PSUs
d) Loans to the state governments
4. In the diagram Movement from A to B denotes that
a) Moving from fuller utilization to under utilization
b) Such a movement has no opprotunity lost
c) A natural calamity has occured in the country.
d) Such movement has high opportunity lost
5. Write down any two Central Problems faced by an economy
6. A household’s monthly consumption of rise fell down from 12 Kg to 10 kg as the price of rise increased from Rs. 30 to Rs. 40. Calculate the price elastcity demand for rise and analyse its impact on total monthly expenditure of household
7. Draw the diagram and explain the price determination under perfect compelition with the situation of free entry and unit.
8. Match the following
a) Slope of indifference curve = P AVC (C)
b) Break even point = M/h (E)
c) Shutdown point =Net National Product (D)
d) GNP – Depreciation = Marginal rate of substitution (A)
e) Money multiplies = Normal profit (B)
9. In a rural tomato market only three consumers are there Demand functions of there three consumers are given below.
Consumer 1 – d1 (p) = 15 – P 0 ≤ Ρ ≤ = 15
Consumer 2 – d2 (p) = 20 – P 0 ≤ Ρ ≤ = 20
Consumer 3 – d3 (p) = 25 – P 0 ≤ Ρ ≤ = 25
from the above information derive market demand function and a market demand schedule for prices 5, 10, 15, 20.
10. Distinguish between transaction motive and speculative motive of demand for money.
11. ‘A change in the value marginal propensity to import will influence the open econ,y multiplies’ Explain.
12. Identify the three factors that will affect the supply curve of the firm.
13. As a economics student you observed that the price of sugar is increasing. You are asked to find out a method to control the high price of sugar in the government intervention methods you studied such as minimum price and maximum price which one would you suggest? Explain
14. (a). The perfectly competitive markets, a production and sale of a larger quantity of the commodity, compared to a monopoly frim’ Substantiate yours views will suitable diagram?
( b.) ‘Profit maximisation is one of the goals of the firms ‘Analyse the two different ways that are used to find out a firms profit maximising level of output?
15. From the statements given below choose the correct one
a. When the elasticity of demand curve is less than one, the total revenue is maximum
b. When the exasticity of demand curve is greater than one the total revenue is decreasing.
c. When marginal revenue is zero, total revenue is maximum
d. When marginal revenue is negative total revenue will be increasing
16. Trade deficit is
a. export > Import
b. government revenue > government expenditure
c. Import > Export
d. government expenditure> government revenue
17. An imposition of minimum price will have
a. Excess Supply
b. Excess demand
c. Reduction in price
d. Reduction in cost of production
18. Even if the output is zero, some costs incurred such costs are known as
a. Fixed lost
b. Variable cost
c. Marginal lost
d. Average cost
19. A wheat producer who is operating under the perfect competition earns a revenue of Rs. 20 each for every unit he sells in the market. Using the above information fill the table below.
20. Differentiate exante Investment and exposte investment ?
21. “Bank rate policy is one of the important tools used by the RBI to tackle inflation’ Explain
22. The table shows the changes in output when a farmer increased the number of labours in his land. Identify and explain the economic principle shown in this table
23. analyse three
a. Methods of calculating national income?
b. From the data given below Calculate Personal Income (PI) and Personal disposible income
GDP at market price = 20,000 Net
Income from abroad =1800
Indirect taxes =1850
Undistributed profit = 1500
Corporate Tax = 1750
Interest received by the households = 2000
Interest paid by house holds = 1500
Transfer Income = 500
Personal Tax = 750
24. Identify, the two salient features of great depression
25. Prepare a Note on multiplier mechanism and effective demand principle
26. Evaluate any three means of deficit reduction?
27. With the help of the diagram analyse how the flexible exchange rate is determined in a free market
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