CUET Economics PYQs

A hypothetical economy has a piece of land which, in order of priority, can be used for building a school, a hospital, a factory and a residential complex. What is the opportunity cost of choosing the best alternative ?

The price and quantity at a point on the demand curve of a good are given as 10 and 50 respectively. If the price is changed to 6 and as a result quantity changes to to 65, how do you explain the change.

Find the value of price elasticity of demand of a good whose demand decreases by 20% for an increase in its price of 10%.

Identify normal residents of India from amongst the following.

If a Country's real GDP is $\overline{\mathbf{\tau}}$ 400 crores and its nominal GDP is $\overline{\mathbf{\tau}}$ 1000 crores, its GDP deflator is : (Choose the correct alternative).

Identify the items which will be classified as stock items. (A) Production (B) Money supply (C) Interest on deposits (D) Savings (E) Capital stock in a Country Choose the **correct** answer from the options given below :

Which out of the following are intermediate goods ? (A) Milk purchased by a household (B) Sugar purchased by a restaurant (C) Furniture purchased by school (D) Chalk and duster purchased by school (E) Printer purchased by a lawyer Choose the **correct** answer from the options given below :

Identify the situation when value of Domestic Income is equal to the value of National Income.

If Gross Domestic Product at Market Price (GDPmp)=2995 crore. Private final consumption expenditure=1100 crore. Gross domestic fixed capital formation=1000 crore. Government final consumption expenditure=900 crore. Net imports=75 crore. The change of stock will be :

__________ can never be negative while __________ can have value as 1.

Economics all across the globe are facing the problem of deficient demand post covid 19. Such a situation in India can be corrected by : (Choose the correct alternative).

If the autonomous consumption is given as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.

Assume a two sector economy in the above diagram, the initial demand curve $AD_1$ shifts upward to $AD_2$ due to : <img src="https://balti.afterboards.in/fVmmFhxfvoHqTnE" width="250px"/>

In an economy, every time the National Income rises 20% of the rises in income is saved by households. Now suppose there is a rise in investment by $\overline{\mathbf{\tau}}$ 100 crores, then the National Income in this economy will rise by :

If the level of effective demand is much below the level of full employment equilibrium then which situation will appear in the economy ?

Identify the incorrect statement. (A) Money is what money does (B) There are many assets which carry functions of money (C) In modern sense, money creates instability (D) The first and foremost role of money is that it acts as medium of exchange (E) Money acts only as convenient unit of account Choose the **correct** answer from the options given below :

Buying and selling of government securities by the Reserve Bank of India to the public is called :

Match **List - I** with **List - II**. | List - I (Banking) | List - II (Function) | |---|---| | (A) Commercial Bank | (I) Long term lending rate by RBI | | (B) Reserve Bank of India | (II) Short term lending rate by RBI | | (C) Bank Rate | (III) Credit creation | | (D) Repo Rate | (IV) Lender of last resort | Choose the **correct** answer from the options given below :

Suppose in an economy, the legal Required ratio fixed by the Central Bank is 20% and the value of initial deposits is $\overline{\mathbf{\tau}}$ 1000 crores. What is the value of loans extended by the Commercial Banks ?

High powered money comprises of :

Identify Indirect Tax among the following :

Public Goods are always :

The government in its budget has announced the construction of seven textile parks under the scheme of mega-investment textile parks. Which objective of the government budget is most likely being reflected here ? (Choose the correct alternative).

Which of the following deficit shows excess of government expenditure over receipts other than burden of interest payments ?

Match **List - I** with **List - II**. | List - I (Transactions) | List - II (Heads) | |---|---| | (A) Loans extended by the Indian Government to the Sri Lankan Government | (I) Revenue Receipts | | (B) Expenditure by the Government on Covid Vaccines | (II) Capital Receipts | | (C) Dividend received by the Government on shares bought by it | (III) Capital Expenditure | | (D) Public Provident Fund held by Public | (IV) Revenue Expenditure | Choose the **correct** answer from the options given below :

Devaluation of domestic currency will make :

Indian Real Estate Company receives rent from Microsoft from London. This transaction will be recorded in __________ Account.

Consider the statements : (A) Almost 60% of population lived in villages on the eve of Independence. (B) India was self sufficient in food grains, during Pre-British India. (C) Britishers encouraged capital goods industry in India. (D) India was major exporter of finished goods on the eve of Independence (E) TISCO was established in the year 1907. Choose the **correct** answer from the options given below :

Choose the incorrect statement about subsidies given below : (A) Subsidies are economic benefits granted by Government. (B) Subsidies help in increasing production. (C) Subsidies are burden on Government budget. (D) Subsidies are Capital expenditure. (E) Subsidies were needed to encourage formers to test the new technology. Choose the **correct** answer from the options given below :

Which of the following is **not** a charachteristic of Industrial Policy Resolution (IPR), 1956, was used for ?

Match **List - I** with **List - II**. | List - I (Economic Policy) | List - II (Objective) | |---|---| | (A) Outsourcing | (I) Integration of the economy of the country with the world economy | | (B) Liberalisation | (II) Company having regular services from external sources | | (C) Globalisation | (III) Shedding of ownership/management of a government owned enterprise | | (D) Privatisation | (IV) Put an end to restrictions that regulate economic activities | Choose the **correct** answer from the options given below :

To determine poverty line in India, minimum calorie intake in rural areas has been fixed at :

The period between 1991 and 2003 is referred to as the 'Golden Revolution' in India. It is related to the increased production of :

Which of the following factors are contributing to Global Warming ? (A) Burning of coal (B) Deforestation (C) Methane gas released in animal waste (D) Use of fossil fuel (E) Use of Hydropower Choose the **correct** answer from the options given below :

Match **List - I** with **List - II**. | List - I | List - II | |---|---| | (A) Increase in proportion of workforce in informal sector | (I) More people are engaged to work, then required | | (B) Open unemployment | (II) Informalisation of work force | | (C) Disguised unemployment | (III) Worker uses his own resources to make a living | | (D) self-employment | (IV) People are willing to work, but fail to get work | Choose the **correct** answer from the options given below :

Consider the table Worker population ratio in India 2017 - 18 | Sex | Total | Rural | Urban | |---|---|---|---| | Men | 52.1 | 51.7 | 53.0 | | Women | 16.5 | 17.5 | 14.2 | | Total | 34.7 | 35.0 | 33.9 | Identify the **incorrect** statement.

Government has announced the scheme of 'Jan Dhan Yojana' to encourage adults to open bank accounts. Which of the following is <b>incorrect</b> about the scheme ? (A) The account holders get an accidental insurance coverage. (B) Wages, social security payments and old age pension directly get transferred to bank accounts. (C) There is a need to keep a minimum bank balance. (D) The account does not allow overdraft facilities. (E) This scheme promotes thrift habit. Choose the **correct** answer from the options given below :

Match **List - I** with **List - II**. | List - I (Health Infrastructure) | List - II (Deal With) | |---|---| | (A) Primary Health Centre | (I) Advanced equipments dealing with complicated health problems | | (B) Secondary Health Centre | (II) Manned by single doctor, a nurse and limited quantity of medicine | | (C) Tertiary Health Centre | (III) Better facility for surgery, x-ray, ECG etc | | (D) AYUSH | (IV) Indian system of medicine | Choose the **correct** answer from the options given below :

Match **List - I** with **List - II**. | List - I (Country) | List - II (Feature) | |---|---| | (A) India | (I) Global regional grouping | | (B) China | (II) Largest democracy in the World | | (C) SAARC | (III) Deceleration in all three sectors of economy | | (D) Pakistan | (IV) Followed classical development pattern | Choose the **correct** answer from the options given below :

arrange the following events in chronological order and choose the correct alternative. (A) First Five year plan of China. (B) The great proletarian cultural revolution. (C) Establishment of people's Republic of China. (D) The great leap forward programme. (E) Reformes introduced in China. Choose the **correct** answer from the options given below :