Kerala PSC Assistant Professor (Economics) Previous Question Paper – 046/2020

The Commission publishes this paper without an answer key, so no answers are shown.

1. How do the Snob effect and Veblen effect differ ? (3)

2. Discuss the Euler's theorem and adding up controversy. (3)

3. Describe the Consumption puzzle. (3)

4. What is meant by the Natural Rate Hypothesis? (3)

5. What are the objectives of planning in India ? (3)

6. Discuss the features of normal distribution. (3)

7. Bring out the features of Stackelberg's model of duopoly. (5)

8. Explain the Pareto optimality conditions of social welfare. (5)

9. Discuss the Real Balance Effect. (5)

10. Examine the implications of Efficiency Wage Hypothesis. (5)

11. Explain the Banking sector reforms since 1990's. (5)

12. What are the important principles of federal finance ? (5)

13. Examine the major achievements in agriculture sector in India since Independence. (5)

14. Explain the salient features of Kerala model development. (5)

15. Describe the theorems of probability. (5)

16. What is Linear Programming and discuss the basic assumptions of LPP ? (5)

17. Briefly explain the Marginal Productivity Theory of Distribution. (8)

18. Explain the relative efficiency of fiscal and monetary policy in the classical and Keynesian system using ISLM framework. (8)

19. Critically examine the structural changes and development pattern of Indian economy since independence. (8)

20. Explain the meaning and application of ANOVA. (8)