CUET Economics PYQs

What was the main motive of British rule in India?

Match List I with List II | LIST I (Concept/Policy) | LIST II (Meaning Objective) | |---|---| | A. Promoted Excess | I. Determining the largest amount of land a single person may own | | B. Ceiling of land | II. Policy of substituting native output for imports | | C. Replacing the import | III. Portion of agricultural products that the farmers sells in the trade | | D. Granting of license | IV. System of obtaining permission to start business | Choose the correct answer from the options given below :

Put the following chronologically: A. Installation of M/r. Tata Iron and Steel B. Starting Railways services during British Period C. Collection of Population details in British India D. Establishment of Planning commission E. Existence of Karve committee Choose the correct answer from the options given below :

Identify the correct statements from the following: A. Currency is issued by the nation's Central Bank B. To address the budget deficit, Central Bank sends money to the government C. The economy's foreign exchange reserves are preserved by Central Bank D. Central Bank does not control money supply and credit through monetary policy E. Central Bank gives loans to the commercial Banks for short term Choose the correct answer from the options given below :

Commercial banks have generated Rs. 12,000 crores and CRR is 25%. Initial payments will be in the amount of:

Match List I with List II | LIST I (Activity) | LIST II (Aim) | |---|---| | A. Horticulture | I. Switching from a single crop to a multiple-crop system | | B. Diversification of crop production | II. Premier bank for rural credit | | C. NABARD | III. It is a micro-finance scheme | | D. Self-Help Groups | IV. Growing tuber, fruit and vegetable crops | Choose the correct answer from the options given below:

Put the following schemes chronologically: A. Start of Jan Dhan Yojana B. Mahatma Gandhi National Rural Employment Guarantee Act C. Study group formed by the Planning Commission to estimate the number of poor in India D. Task force on projection of minimum needs and effective consumption demand E. Food for work programme was launched Choose the correct answer from the options given below :

Identify the correct statements from the following: A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability Choose the correct answer from the options given below:

If NNPMP=Rs. 5,330, indirect tax=Rs. 1,770 and consumption of fixed capital = Rs. 1,550 then GNPFC will be x. The value of x is.

Which of the following is a factor income?

Identify the stock variable from the following:

GDPMP will be equal to GDPFC if

Match List I with List II | LIST I (National income terminology) | LIST II (Known as) | |---|---| | A. Income generated by own account workers | I. Nominal national income | | B. National income at current prices | II. Corporate tax | | C. Component of profit | III. Change in stock | | D. Closing stock-opening stock | IV. Mixed income of self employed | Choose the correct answer from the options given below:

Identify the correct statements from the following: A. Fees to a mechanic paid by a firm is not included in the estimation of national income B. Income tax paid by an individual is not included in national income C. Interest paid by a garment manufacture on a loan taken from bank is included in national income D. Payment of old age pension will not be included in national income as it is a transfer payment E. Insurance premium paid by household to an insurance company is not included in the estimation of national income Choose the correct answer from the options given below:

Identify the correct statement from the following: A. The Household's investing is not considered to be the cost of building a residence B. Net factor revenue from overseas includes money from Exports C. The sum of factor incomes equals the net value added D. The assessment of national income takes into account the market value of both final and intermediate items E. Profit earned by non-resident company in India is a part of domestic income of India Choose the correct answer from the options given below:

Which of the following correctly represents value at market price?

When all of an economy's output is sold during a single accounting year, the value of output is represented by:

If a farmer sells wheat to miller for Rs. 500 and miller sells flour to baker for Rs. 700 and baker sells bread to the consumer for Rs. 1000, then total value added by miller and baker is:

Match List I with List II | LIST I (Concept under Theory of Income determination) | LIST II (Meaning) | |---|---| | A. Saving < Investment | I. When AD<AS | | B. $\frac{1}{1-mpc}$ | II. Under employment equilibrium | | C. National income will fall | III. Planned inventory would fall below the desired level | | D. AD=AS at a point less than full employment | IV. Multiplier | Choose the correct answer from the options given below:

Identify the correct statement from the following: A. Consumption curve starts from the origin B. The sum of APC and APS is equal to 1 C. Aggregate demand and market demand mean the same D. The value of MPC and MPS varies between 0 and 1 E. At breakeven point saving is zero Choose the correct answer from the options given below:

In a time of deflation, the Central Bank should:

Identify the monetary invention that can Close the inflationary group:

Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as:

At equilibrium level of income in an economy:

If the ratio between MPC and MPS is 4:1, the value of investment multiplier will be:

In an economy if equilibrium level of national is Rs. 2000 crores, Autonomous consumption = Rs. 400 crores and Investment expenditure = Rs. 200 crores, then MPC will be:

In an economy MPS=0.20 and investment is increased by Rs. 400 crores, than total increase in income is _____ Crores.

_____ is included in the government budget as a capital receipt.

Arrange the following in correct chronological order: A. Goods and Service Tax came into effect B. WTO was founded C. GATT was established D. Demonetization in India E. Privatization of Air India Choose the correct answer from the options given below:

The cause for the demand curve's movement is:

The demand for normal good _____ with an increase in income of the consumer.

The main issues of an economy are:

A consumer is consuming two goods X and Y. If Muy=20, Mux=60 price of good Y=Rs 4, then what will be the price of good X if consumer it at equilibrium.

Arrange the following in correct chronological order: A. Great Leap Forward campaign B. Economic reforms in China C. Great Proletarian Cultural Revolution D. People's Republic of China was established E. Announcement of First Five Year Plan by China Choose the correct answer from the options given below:

Which of the following is correct about Human Development Index:

_____ best defines the social infrastructure:

Arrange the following in correct chronological order: A. Adoption of one child policy in China B. Economic reforms in Pakistan C. New Economic Policy in India D. Announcement of First Five Year Plan by India E. Announcement of First Five Year plan by Pakistan Choose the correct answer from the options given below:

Global Burden of Disease (GBD) as an indicator is used to assess:

Match List I with List II | LIST I (Employment Condition) | LIST II (Reference) | |---|---| | A. People can work at going rate of pay, yet they are unable to find employment in economy. | I. Informalisation of workforce | | B. More people are engaged in work than are really needed | II. Open unemployment | | C. Increase in proportion of workforce in informal sector to total workforce | III. Unemployed people | | D. Labour force-work force | IV. Disguised unemployment | Choose the correct answer from the options given below:

Moving from self employment and regular employment to temporary work is referred to as: