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Q1:

CUET Economics 2022 Slot 1

Macro > Balance of Payments

Easy

Match List I with List II | List I - Foreign Exchange Rate | List II - Derived Meaning | | --- | --- | | A. Fixed exchange rate | I. Mixture of fixed and flexible exchange rate system. | | B. Floating exchange rate | II. Determined by government. | | C. Managed floating | III. Expectation of gain from appreciation of the currency | | D. Speculation | IV. Determined by market forces of demand and supply of forex | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q2:

CUET Economics 2022 Slot 1

Macro > Balance of Payments

Medium

Which of the following is not a component of current account:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q3:

CUET Economics 2022 Slot 1

Macro > Balance of Payments

Easy

A change in the exchange rate of the Indian rupee and the British Pound from Rs.95 for a pound to Rs.100 for a pound will mean:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q4:

CUET Economics 2022 Slot 1

Macro > National Income

Medium

Which of the following will be included in national income, while using the income method to calculate the same:- (Choose the correct option)

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q5:

CUET Economics 2022 Slot 1

Macro > National Income

Easy

What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150.

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q6:

CUET Economics 2022 Slot 1

Macro > National Income

Medium

Which of the following explains the concept of depreciation: A. An annual allowance for wear and tear of a capital good. B. The capital good gradually used up in each year's production process. C. Cost of replacement of a capital good due to an accident. D. Fall in the value of fixed asset due to unexpected change in technology. E. Cost of the good divided by number of years of its useful life. Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q7:

CUET Economics 2022 Slot 1

Macro > National Income

Easy

If the value NVA_FC is Rs.200 crores, intermediate consumption is Rs.100 crores and depreciation is given as Rs.40 crores, what will be the value of GVA_FC?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q8:

CUET Economics 2022 Slot 1

Macro > National Income

Medium

Identify the correct statements about the externalities as a limitation of GDP and welfare. A. GDP as measured does not include external production of goods. B. Inverse relationship between negative externality and welfare. C. No relation between GDP and welfare. D. Economic activities have both positive and negative externalities. E. Producers are rewarded with profit for positive externalities Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q9:

CUET Economics 2022 Slot 1

Macro > National Income

Easy

Coal used by a steel factory during the accounting year is a:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q10:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

Suppose a TV manufacturing unit wants to raise its inventories from 1000 units to 2000 units during the year. Expecting sale of 5000 units during the year, the firm produces 5000+1000= 6000 TV sets. Actual sale for the firm are 5000 TV sets during the year. This is an example of:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q11:

CUET Economics 2022 Slot 1

Macro > Money & Banking

Medium

What will be the amount of initial reserves if Cash Reserve Ratio (CRR) is 20 % and total credit creation is Rs 500?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q12:

CUET Economics 2022 Slot 1

Macro > Money & Banking

Medium

The currency issued by the Reserve Bank of India is called. A. High powered money B. Reserve money C. Bank money D. Monetary base E. Fiscal base Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q13:

CUET Economics 2022 Slot 1

Macro > Money & Banking

Medium

Identify which of the following measures taken by RBI will increase the money supply. A. Increase in Cash Reserve Ratio B. Decrease in Cash Reserve Ratio C. Selling of a government bond D. Buying of a government bond E. Decrease in Bank Rate Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q14:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience of India

Medium

Economic policies which have been adopted by both India and Pakistan are: A. Mixed economy B. Import-substitution C. Green Revolution D. Five Year Plans E. Commerce system Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q15:

CUET Economics 2022 Slot 1

Indian Economic Development > Rural Development

Medium

Arrange the events related to rural credit in the chronological order. A. Setting up of NABARD as an apex body for rural financial system. B. Kudumbashree programme implemented in Kerala C. Green Revolution initiates diversification of rural credit portfolio D. India adopts social banking and multiagency approach. Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q16:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience (1947-90)

Easy

The objective of Karve committee was rural development with a focus on

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q17:

CUET Economics 2022 Slot 1

Indian Economic Development > Sustainable Economic Development

Easy

Match List I with List II | List I: | List II: | | --- | --- | | A. Solar Power | I. Earthworms | | B. Gobar gas | II. Photovoltaic cells | | C. Biopest Control | III. Neem | | D. Biocomposting | IV. Rural areas | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q18:

CUET Economics 2022 Slot 1

Micro > Introduction

Easy

Match List I with List II | List I: Economic issue | List II: Refers to | | --- | --- | | A. Scarcity | I. Based on facts | | B. Normative statement | II. Central problem of an economy | | C. Positive statement | III. Problem of choice | | D. What to produce | IV. Based on value judgment | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q19:

CUET Economics 2022 Slot 1

Micro > Consumer Behaviour

Easy

The downward movement along the demand curve of a commodity is due to: Choose the correct option.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q20:

CUET Economics 2022 Slot 1

Micro > Consumer Behaviour

Easy

Budget set of a consumer is defined as:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q21:

CUET Economics 2022 Slot 1

Indian Economic Development > Economic Reforms (1991)

Medium

Liberation of trade and investment regime was initiated in the Indian Economy in 1991 to provide for: A. International competitiveness of industrial production. B. Promotion of competitiveness of local industries. C. Collection of higher tariffs. D. Adoption of modern technologies E. Control over imports. Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q22:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience (1947-90)

Easy

Identify the feature not found amongst the poor. (Choose the correct option)

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q23:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Medium

Which of the following is not a source of human capital?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q24:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience (1947-90)

Easy

The organization which is responsible for providing estimates on poverty in India is:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q25:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience (1947-90)

Medium

Match List I with List II | List I: Events | List II: Year | | --- | --- | | A. Introduction of railways | I. Before 1921 | | B. First stage of demographic transition | II. 1907 | | C. The Tata Iron and Steel Company (TISCO) incorporation | III. 1850 | | 4. Suez Canal opening | IV. 1869 | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q26:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience (1947-90)

Easy

On May 12, 2020, our Prime Minister raised a clarion call to the nation giving a kick start to the Atmanirbhar BharatAbhiyaan to fight COVID-19 pandemic in India. Which long term goal of India's five year plans does this campaign reflect? (Choose the correct alternative)

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q27:

CUET Economics 2022 Slot 1

Indian Economic Development > Employment

Easy

The contribution made by agriculture, industrial and services sector together contribute:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q28:

CUET Economics 2022 Slot 1

Indian Economic Development > Employment

Medium

Which of the following statements is/are correct? A. Primary sector is still the major source of employment in India. B. All the public sector establishment and those private sector establishment are called formal sector. C. Majority of Indian work force is employed in the informal sector. D. Majority of Indian work force is regular salaried. E. Growth of employment has decelerated. Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q29:

CUET Economics 2022 Slot 1

Indian Economic Development > Employment

Easy

Which organization collects the data related to unemployment in India?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q30:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

In an Economy, AD = Rs.250 cr+0.6Y and at zero level of income consumption is Rs.150 crores The value of autonomous investment will be:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q31:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

Which of the following is true about the aggregate demand curve in the short run; Choose the correct option:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q32:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Easy

The size of investment multiplier (k) depends on:-

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q33:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

Identify the fiscal measures from the following that will help correct excess demand A. Decrease in Repo rate. B. Increase in taxes. C. Decrease in government expenditure. D. Increase in Repo rate E. Decrease in taxes Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q34:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

Assume that in an economy increased consumption is equal to increased saving, how many times will the national income increase in such an economy with an increase in investment?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q35:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Easy

If the equilibrium level of output is less than the full employment level, then it is a situation of:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q36:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Medium

A producer plans to add Rs.200 worth of goods to her stock by the end of the year. However due to an unexpected fall in the demand for her goods she adds Rs.250 worth of goods. Her ex-ante investment was____ and ex post investment was____

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q37:

CUET Economics 2022 Slot 1

Macro > Income & Employment

Easy

Marginal propensity to save in zero when.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q38:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Medium

Match List I with List II. | List I: Programme | List II: Impact | | --- | --- | | 1. Creation of physical capital | 1. Enhance labor productivity | | 2. On the job- training | 2. Creates private and social benefit | | 3. Education | 3. Create private benefit | | 4. Human capital | 4. Better social standing and pride. | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q39:

CUET Economics 2022 Slot 1

Indian Economic Development > Sustainable Economic Development

Easy

Increase in greenhouse gases since Industrial Revolution has caused the following environmental problem.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q40:

CUET Economics 2022 Slot 1

Indian Economic Development > Development Experience of India

Medium

Arrange the following events in the chronological order. A. Establishment of People's Republic of China. B. Economic Reforms introduced in China. C. Great Leap Forward. D. Great Proletarian Culture Revolution. E. Economic Reforms were initiated in Pakistan. Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q41:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Easy

Read the newspaper article given below and answer questions. Accessible and affordable healthcare must: Mandaviya 'Centre aims to cut treatment cost, have more doctors' The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday. Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here. Holistic healthcare The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy. Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre. Nation comes first "Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted. Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Multispecialty hospitals are included in the following tier of the health care system in India.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q42:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Medium

Read the newspaper article given below and answer questions. Accessible and affordable healthcare must: Mandaviya 'Centre aims to cut treatment cost, have more doctors' The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday. Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here. Holistic healthcare The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy. Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre. Nation comes first "Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted. Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Identify which among the following constitute Indian system of medicine. A. Naturopathy B. Allopathy C. Ayurveda D. Yoga E. Homeopathy Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q43:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Easy

Read the newspaper article given below and answer questions. Accessible and affordable healthcare must: Mandaviya 'Centre aims to cut treatment cost, have more doctors' The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday. Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here. Holistic healthcare The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy. Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre. Nation comes first "Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted. Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

The Union government is working towards the following to bring about holistic development of the health sector in India. A. Accessibility B. Monopoly over healthcare provisions. C. Import of medical services. D. Affordability. E. Modern medical facilities Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q44:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Easy

Read the newspaper article given below and answer questions. Accessible and affordable healthcare must: Mandaviya 'Centre aims to cut treatment cost, have more doctors' The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday. Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here. Holistic healthcare The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy. Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre. Nation comes first "Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted. Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Which of the following is not a part of health infrastructure.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q45:

CUET Economics 2022 Slot 1

Indian Economic Development > Human Capital Formation

Medium

Read the newspaper article given below and answer questions. Accessible and affordable healthcare must: Mandaviya 'Centre aims to cut treatment cost, have more doctors' The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday. Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here. Holistic healthcare The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy. Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre. Nation comes first "Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted. Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Which of the following are used by the scholars to assess the health status of a nation.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q46:

CUET Economics 2022 Slot 1

Macro > Government Budget

Easy

Read some salient features of 'Budget 2022' and answer questions. BUDGET: 2022-23 Finance Minister Nirmala Sitaraman presented the union Budget 2022. There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties. Few highlights - Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore. - Top focus of the Budget this year are PM Gati Shakti. - In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP. - Projected fiscal deficit of 6.4% of GDP in 2022-23 - Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore. - The government will tax income from digital asset transfers at 30% - Strategic transfer of ownership of Air India completed now. - Rs.4800 crore allotted to PM Awas Yojana - Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

PM Gati Shakti- National master plan for multi-modal connectivity is an example of:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q47:

CUET Economics 2022 Slot 1

Macro > Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions. BUDGET: 2022-23 Finance Minister Nirmala Sitaraman presented the union Budget 2022. There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties. Few highlights - Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore. - Top focus of the Budget this year are PM Gati Shakti. - In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP. - Projected fiscal deficit of 6.4% of GDP in 2022-23 - Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore. - The government will tax income from digital asset transfers at 30% - Strategic transfer of ownership of Air India completed now. - Rs.4800 crore allotted to PM Awas Yojana - Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Match List With List II | List I Description in Budget speech | List II Figures in per cent | | --- | --- | | A. Projected Fiscal Deficit in 2022-23. | I. (-16.67%) | | B. States Fiscal deficit in 2022-23. | II. 6.4% of GDP | | C. Change in dis-investment proceedings in FY 2022-23. | III. 35.4% | | D. Change in Capex target in FY 2022-23. | IV. Upto 4% of GDP | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q48:

CUET Economics 2022 Slot 1

Macro > Government Budget

Easy

Read some salient features of 'Budget 2022' and answer questions. BUDGET: 2022-23 Finance Minister Nirmala Sitaraman presented the union Budget 2022. There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties. Few highlights - Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore. - Top focus of the Budget this year are PM Gati Shakti. - In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP. - Projected fiscal deficit of 6.4% of GDP in 2022-23 - Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore. - The government will tax income from digital asset transfers at 30% - Strategic transfer of ownership of Air India completed now. - Rs.4800 crore allotted to PM Awas Yojana - Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Rs.60000 crore allocated to provide tap water connection to 3.8 crore household. Provision of tap water by the government is an example of:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q49:

CUET Economics 2022 Slot 1

Macro > Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions. BUDGET: 2022-23 Finance Minister Nirmala Sitaraman presented the union Budget 2022. There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties. Few highlights - Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore. - Top focus of the Budget this year are PM Gati Shakti. - In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP. - Projected fiscal deficit of 6.4% of GDP in 2022-23 - Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore. - The government will tax income from digital asset transfers at 30% - Strategic transfer of ownership of Air India completed now. - Rs.4800 crore allotted to PM Awas Yojana - Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Strategic transfer of ownership of Air India will lead to:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q50:

CUET Economics 2022 Slot 1

Macro > Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions. BUDGET: 2022-23 Finance Minister Nirmala Sitaraman presented the union Budget 2022. There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties. Few highlights - Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore. - Top focus of the Budget this year are PM Gati Shakti. - In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP. - Projected fiscal deficit of 6.4% of GDP in 2022-23 - Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore. - The government will tax income from digital asset transfers at 30% - Strategic transfer of ownership of Air India completed now. - Rs.4800 crore allotted to PM Awas Yojana - Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Identify the incorrect statement of the union budget of India 2022- 23.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

CUET Economics - Past Year Questions

Practice with our comprehensive collection of CUET Economics Past Year Questions (PYQs) with detailed solutions. No login required. We have created handwritten solutions for all CUET Economics questions for free!

CUET Economics Past Year Questions (Topic-Wise):

Indian Economic Development

  • Rural Development
  • Development Experience of India
  • Employment
  • Human Capital Formation
  • Economic Reforms (1991)
  • Poverty
  • Introduction
  • Sustainable Economic Development
  • Development Experience (1947-90)

Macro

  • Introduction
  • Government Budget
  • Balance of Payments
  • Income & Employment
  • National Income
  • Money & Banking

Micro

  • Consumer Behaviour
  • Production & Costs
  • Forms of Market
  • Introduction
  • Market Equilibrium
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