Kerala PSC Economics Questions and Answers

1. സ്റ്റാർട് അപ് കമ്പനികളെ പ്രോത്സാഹിപ്പിക്കാൻ 2016 ൽ കേന്ദ്ര സർക്കാർ ആരംഭിച്ച പദ്ധതി

Answer: സ്റ്റാർടപ്പ് ഇന്ത്യ കർമ്മ പദ്ധതി

2. ഇന്ത്യന്‍ റുപ്യ ആദ്യമായി ഇറക്കിയത് ആര്

Answer: ഷേര്‍ഷാ സൂരി

3. കേന്ദ്ര ധനകാര്യ മന്ത്രിയായിരുന്ന ശേഷം ഇന്ത്യന്‍ പ്രസിഡന്റ് പദവിയിലെത്തിയ വ്യക്തി

Answer: ആര്‍ വെങ്കിട്ടരാമന്‍

4. Who wrote the book \'Poor Economies\'

Answer: Abhijith Banerjee

5. Which State has changed over to January to December format of financial year?

Answer: Madhya pradesh

6. What is a voluntary labeling scheme for easily identifying environment friendly products that was launched in 1991, even before the 1992 Rio Summit?

Answer: Eco - mark

7. The Central Board of Excise and Customs (CBEC) announced that every year _________ will be considered as GST Day.

Answer: July 1

8. Smart Phones will be taxed at _________ under GST.

Answer: 12%

9. Malthusian theory of population is based on—

Answer: Geometric progression of population

10. Gresham’s Law states that—

Answer: Bad money drives good money out of circulation

11. The on-going melt down had its origin in—

Answer: The real sector

12. A competitive firm maximizes its profit when—

Answer: MR = MC

13. Interest is paid—

Answer: Due to superiority of present over future goods

14. Heckscher-Ohlin theory explains—

Answer: Pattern of trade in terms of relative factor endowments of countries

15. ‘Pass through’ effect in international trade theory refers to—

Answer: The proportion of an exchange rate change that is reflected in export and import price change

16. Mid Day Meal Scheme—

Answer: Provides lunch to about 120 million children

17. Insurance penetration is defined as the—

Answer: Ratio of premium underwritten in a year to GDP

18. Insurance density is defined as the—

Answer: Ratio of premium underwritten in a year to total population

19. Minimum Support Prices of crops are recommended by—

Answer: Commission for Agricultural Costs and Prices (CACP)

20. If world population grows at 2.6 per cent, then it will double in—

Answer: None of these

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