Haryana Public Service Commission HCS Preliminary Exam Economics Question Paper : hpsc.gov.in
Name of the Organization : Haryana Public Service Commission
Name of the Exam : HCS (Ex.Br.) Preliminary Exam
Subject : Economics
Document Type : Previous Question Paper
Year : 2014
Website : http://hpsc.gov.in/en-us/
Download Sample/Model Question Paper : https://www.pdfquestion.in/uploads/11224-Economics.pdf
HCS Preliminary Exam Economics Question Paper :
Time Allowed : Two hours
Code : 07
Max.marks : 100
Related : HPSC HCS Preliminary Exam Commerce & Accountancy Question Paper : www.pdfquestion.in/11222.html
Instruction :
1. Use only BLUE Ball Point Pen.
2. In case of any defect – Misprint, Missing Question/s Get the booklet changed.
3. No complaint shall be entertained after the examination.
4. Before you mark the answer, read the instruction on the OMR Sheet (Answer Sheet) also before attempting the questions and fill the particulars in the ANSWER SHEET carefully and correctly.
5. There are FOUR options to each question. Darken only one to which you think is the right answer. There will be no Negative Marking.
6. Answer Sheets will be collected after the completion of examination and no candidate shall be allowed to leave the examination hall earlier.
7. The candidates are to ensure that the Answer Sheet is handed over to the room invigilator only.
8. Rough work, rt any, can be done on space provided at the end of the Question Booklet itself. No extra sheet will be provided in any circumstances.
9. Write the BOOKLET SERIES in the space provided in the answer sheet, by darkening the corresponding circles.
10. Regarding incorrect questions or answers etc. Candidates kindly see NOTE at the last page of the Booklet.
l. Demand for a commodity refers to:
(A) Need for the commodity
(B) Desire for the commodity
(C)Amount of the commodity demanded at a particular price and at a particular time
(D) Quantity demanded of that commodity
2. Which among the following statement is INCORRECT?
(A) on a linear demand curve, all the five forms of elasticity can be depicted’
(B)If two demand curves are linear and intersecting each other then co Efficient of elasticity would be same and if ferment demand curves at the point of intersection.
(c) If two demand curves are linear, and parallel to each other than at a particular price
(D)The price last city of demand is expressed in terms of relative not absolute,changes in Price and quantity demanded’
3.If the demand for a good is in elastic,an increase in its price will cause the total expenditure of the consumers of the good to
(A) Increase
(B) Decrease
(C)Remain the same
(D) Become zero
4. The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:
(A) Zero
(B) Infinite
(C) Equal to one
(D) Greater than zero but less than infinity
5. An individual demand curve slopes downward to the right because of the:
(A) Working of the law of diminishing marginal utility
(B) Substitution effect of the decrease in price
(C) income effect of fall in Price
(D) All of the above
6. Income elasticity of demand is defined as the responsiveness of:
(A) Quantity demanded to a change in income
(B) Quantity demanded to a change in price
(C) Price to a change in income
(D) Income to a change in quantity demanded
7. The supply of a good refers to
(A) Stock available for sale
(B) Total stock in the warehouse
(C) Actual Production of the good
(D)Quantity of the good-offered for sale at a particular price per unit of time
8. The cost of one thing in terms of the alternative given up is called
(A) Real cost
(B) Production cost
(C) Physical cost
D) opportunity cost
9. Demand for factors of production is
(A) Derived demand
(B) Joint demand
(C) ComPosite demand
(D) None of the Above
10. The producer’s demand for a factor of production is governed by the factor
(A) Price
(B) Marginal Productivity
(C) Availability
(D) Profitability