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Objective Questions

Latest JKPSC School Lecturer Economics Exam Question (Objective Questions), MCQ in English

Subjects : General Knowledge, Subject Knowledge (Economics)

Question Bank JKPSC School Lecturer (Economics) Exam - English
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General Knowledge

Question 1Single Answer
Yojna a weekly journal
  1. A
    Ministry of Finance        
  2. B
    Ministry of Information and Broadcastin
  3. C
    Ministry of Rural Development
  4. D
    Planning Commission
Question 2Single Answer
Which of the following is the earliest source of Kashmir 
  1. A
    Shivadrishti
  2. B
    Rajtarangini
  3. C
    Nilmatpuran 
  4. D
    Pratyabhijnasutra 
Question 3Single Answer
How many megalithic sites have existed in pre-historic times in Kashmir ?
  1. A
    One 
  2. B
    Three
  3. C
    Four
  4. D
    Two
Question 4Single Answer
Which is the first archaeological site in the country which revealed the existence of a Neolithic settlement in Kashmir region ?
 
  1. A
    Aihole
  2. B
    Lothal
  3. C
    Konark
  4. D
     Burzahom 
Question 5Single Answer
which of the following are a few major invention of the Neolithic Era ?
  1. A
    Needles
  2. B
    Harpons
  3. C
    Hunting tools
  4. D
    All of these
Question 6Single Answer
When did the habilitation at Burzahom came to an end ?
  1. A
    AD 1300
  2. B
    1300 Bc
  3. C
    Ad 1400
  4. D
    1400 bC
Question 7Single Answer
Pandrethan, the old city of Srinagar was founded by 
  1. A
    Ashoka
  2. B
    Gautam 
  3. C
    Gondana I
  4. D
    Yudhistira
Question 8Single Answer
Which of the following place, the fourth Buddhist council was held ?
  1. A
    Patliputra
  2. B
    Uttar Pradesh
  3. C
    Kashmir
  4. D
    Kurukshetra
Question 9Single Answer
Who is known as the ‘Samudragupta of Kashmir’ ?
  1. A
    Gunavarman 
  2. B
    Durlab vardhan
  3. C
    Lalitaditya
  4. D
    Sanghbuti
Question 10Single Answer
Which of the following king founded the Pravarsempura City of Srinagar ?
  1. A
    Parvasen I 
  2. B
    Parvasena II
  3. C
    Ashoka
  4. D
    None of these
Question 11Single Answer
Kumarajiva was among the renowned Kashmiri Scholars who travelled to……
  1. A
    China
  2. B
    Afghan
  3. C
    Europe
  4. D
    None of these
Question 12Single Answer
Consider the following statements which is/are correct ?
A. Shivadristi was composed by somananda.
B. Marthanand Temple was built in middle of 8th century .
  1. A
    Codes
    Only I
  2. B
    Only ii
  3. C
    Both I and ii 
  4. D
    none of these 
Question 13Single Answer
Who was the last Hindu ruler of Kashmir ?
  1. A
    Harsha 
  2. B
    Aryan 
  3. C
    Suray 
  4. D
    Udyan Dev
Question 14Single Answer
Sanskrit has been a home to which of the following longuages in the ancient times ?
  1. A
    Hindi
  2. B
    Sanskrit 
  3. C
    Kashmiri
  4. D
    Dogri
Question 15Single Answer
During whose rule Buddhism was introduced in Kashmir ?
  1. A
    Ashoka 
  2. B
    kanishka
  3. C
    Bashanas
  4. D
    None of these 
Question 16Single Answer
Mihirakula was the son of which king  ?
  1. A
    Ashoka
  2. B
    Kanishka
  3. C
    Kumarajiva
  4. D
    Hepthalites
Question 17Single Answer
Sattriya dance form is famous in which of these states ?
  1. A
    Assam
  2. B
    Himachal Pradesh
  3. C
    Punjab
  4. D
    Tamil Nadu
Question 18Single Answer

"Who said, 'India was a parrot unto itself'?

  1. A
    Malik Muhammad Joyce
  2. B
    Raskhan
  3. C
    Rich Khusrow
  4. D
    Rich Hasan
Question 19Single Answer
Which is the national game of Bhutan ?
  1. A
    badminton
  2. B
    basketball
  3. C
    football
  4. D
    archery
Question 20Single Answer
When was the Constituent Assembly of India formed?
  1. A
    1946
  2. B
    1947
  3. C
    1948
  4. D
    1950
Question 21Single Answer
Who is known as the "Father of the Indian Renaissance" ?
  1. A
    Raja Ram Mohan Roy
  2. B
    Swami Vivekananda
  3. C
    Rabindranath Tagore
  4. D
    Mahatma Gandhi
Question 22Single Answer
Who is known as the "Missile Man of India"?
  1. A
    Dr. Homi J. Bhabha
  2. B
    Dr. Vikram Sarabhai
  3. C
    Dr. APJ Abdul Kalam
  4. D
    Dr. Satish Dhawan
Question 23Single Answer
Which organization is responsible for India's space exploration programs?
  1. A
    BARC
  2. B
    ISRO
  3. C
    DRDO
  4. D
    HAL
Question 24Single Answer
In which year did India successfully launch its first satellite, Aryabhata?
  1. A
    1975
  2. B
    1965
  3. C
    1980
  4. D
    1990
Question 25Single Answer
Which is the longest river in India?
  1. A
    Yamuna
  2. B
    Ganges
  3. C
    Brahmaputra
  4. D
    Godavari
Question 26Single Answer
Which ministry launched the e-SHRAM portal to register unorganized workers in India?
  1. A
    Ministry of Labour and Employment
  2. B
    Ministry of Finance
  3. C
    Ministry of Social Justice and Empowerment
  4. D
    Ministry of Home Affairs
Question 27Single Answer
What is the primary objective of the ‘BioE3 Policy’ approved by the Union Cabinet?
  1. A
    Foster high-performance biomanufacturing
  2. B
    Promote traditional farming practices
  3. C
    Increase coal production
  4. D
    Enhance organic farming
Question 28Single Answer
Which state launched the ‘Indiramma Atmiya Bharosa Scheme’ in 2025?
  1. A
    Telangana
  2. B
    Andhra Pradesh
  3. C
    Karnataka
  4. D
    Tamil Nadu
Question 29Single Answer
How many individuals were announced to receive the Padma Awards in 2025 by the Government of India?
  1. A
    121
  2. B
    139
  3. C
    140
  4. D
    165
Question 30Single Answer
Which Indian bank became the first to implement Clari5’s NCRP Integration Solution?
  1. A
    Bank of Baroda
  2. B
    Punjab National Bank
  3. C
    Bank of India
  4. D
    Canara Bank

Subject Knowledge (Economics)

Question 31Single Answer
In indifference curve analysis, what happens to the marginal rate of substitution (MRS) when a consumer moves along an indifference curve from left to right?
  1. A
    MRS increases
  2. B
    MRS remains constant
  3. C
    MRS decreases
  4. D
    MRS becomes zero
Question 32Single Answer
According to the revealed preference theory, if a consumer chooses bundle A over bundle B when both are affordable, what can be inferred?
  1. A
    Bundle A has a lower utility than bundle B
  2. B
    Bundle A is more expensive than bundle B
  3. C
    Bundle A is on a higher indifference curve than bundle B
  4. D
    Bundle B is preferred over bundle A
Question 33Single Answer
In the context of income and substitution effects, what happens to the demand for an inferior good when income increases?
  1. A
    Substitution effect decreases demand, income effect increases demand
  2. B
    Both effects increase demand
  3. C
    Substitution effect increases demand, income effect decreases demand
  4. D
    Both effects decrease demand
Question 34Single Answer
In a CES production function, if the elasticity of substitution is less than 1, what does this imply about the inputs?
  1. A
    Inputs are relatively complementary
  2. B
    Inputs are perfect complements
  3. C
    Inputs are relatively substitutable
  4. D
    Inputs are perfect substitutes
Question 35Single Answer
Under the law of returns to scale, if a firm doubles all inputs and output increases by less than double, what type of returns to scale is exhibited?
  1. A
    Decreasing returns to scale
  2. B
    Constant returns to scale
  3. C
    Increasing returns to scale
  4. D
    Negative returns to scale
Question 36Single Answer
In the law of variable proportions, at which stage does the marginal product of the variable input become negative?
  1. A
    Stage I
  2. B
    Stage II
  3. C
    Stage IV
  4. D
    Stage III
Question 37Single Answer
How does Hicksian technical progress affect the production function?
  1. A
    Shifts the isoquant inward without changing factor proportions
  2. B
    Reduces the marginal product of labor
  3. C
    Increases output for the same input combination
  4. D
    Increases the marginal cost of production
Question 38Single Answer
In producer’s equilibrium, the least cost combination of inputs occurs when:
  1. A
    Marginal product of each input is maximized
  2. B
    Marginal rate of technical substitution equals the price ratio of inputs
  3. C
    Total cost equals total revenue
  4. D
    Output is maximized regardless of cost
Question 39Single Answer
In the modern theory of costs, what does the L-shaped average cost curve imply?
  1. A
    Constant returns to scale at all output levels
  2. B
    Constant marginal costs at high output levels
  3. C
    Increasing average costs with increasing output
  4. D
    Decreasing average costs with increasing output
Question 40Single Answer
In a perfectly competitive market, a firm’s short-run supply curve is represented by:
  1. A
    The marginal revenue curve
  2. B
    The average total cost curve
  3. C
    The average variable cost curve
  4. D
    The marginal cost curve above the average variable cost
Question 41Single Answer
Under monopoly, what is the condition for profit maximization in the long run?
  1. A
    Marginal cost equals average cost
  2. B
    Marginal revenue equals marginal cost
  3. C
    Price equals average cost
  4. D
    Marginal revenue equals average revenue
Question 42Single Answer
In first-degree price discrimination, what does the monopolist achieve?
  1. A
    Charges a single price to all consumers
  2. B
    Maximizes output but not profit
  3. C
    Captures the entire consumer surplus
  4. D
    Sets price equal to marginal cost
Question 43Single Answer
In monopolistic competition, why do firms earn zero economic profit in the long run?
  1. A
    High barriers to entry
  2. B
    Constant marginal revenue
  3. C
    Perfect price discrimination
  4. D
    Free entry and exit of firms
Question 44Single Answer
In the Cournot duopoly model, what determines the equilibrium output of each firm?
  1. A
    Each firm sets price equal to marginal cost
  2. B
    Firms collude to maximize joint profits
  3. C
    Each firm maximizes its own profit given the output of the other firm
  4. D
    Firms produce identical outputs regardless of demand
Question 45Single Answer
In the Bertrand model of duopoly, what is the equilibrium outcome if firms produce identical products?
  1. A
    Price equals marginal cost
  2. B
    Price exceeds marginal cost
  3. C
    Firms earn positive economic profits
  4. D
    Output is maximized
Question 46Single Answer
In a collusive oligopoly, what is the primary objective of the cartel?
  1. A
    Maximize individual firm profits
  2. B
    Maximize joint profits of all firms
  3. C
    Minimize output to increase competition
  4. D
    Set price equal to marginal cost
Question 47Single Answer
In a non-collusive oligopoly, what is a key feature of the kinked demand curve model?
  1. A
    Perfectly elastic demand curve
  2. B
    Constant marginal revenue across all output levels
  3. C
    Price rigidity due to asymmetric responses to price changes
  4. D
    Firms always follow price increases
Question 48Single Answer
In game theory, what is the Nash equilibrium in the context of the Prisoners’ Dilemma?
  1. A
    Both prisoners maximize joint payoff
  2. B
    Both prisoners remain silent
  3. C
    One prisoner confesses, the other remains silent
  4. D
    Both prisoners confess
Question 49Single Answer
According to Arrow’s impossibility theorem, what is impossible in a voting system with three or more alternatives?
  1. A
    Achieving a transitive social preference
  2. B
    Ensuring individual preferences are rational
  3. C
    Satisfying all fairness criteria simultaneously
  4. D
    Allowing voters to rank preferences
Question 50Single Answer
In welfare economics, Pareto optimality is achieved when:
  1. A
    Total utility is maximized
  2. B
    No one can be made better off without making someone worse off
  3. C
    Income distribution is equal
  4. D
    Marginal utility is constant for all individuals
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