CUET Economics PYQs

Economic variables such as 'National Income' and 'profits' can be classified under which of the following heads ?

Elasticity of demand is constant and equal to 1 at every point on the demand curve. The shape of such a demand curve would be :

Name the architect of Indian Planning :

Which of the following is not included in Human Development Indicators ?

Which of the following statements are incorrect ? (A) Circular flow of income does not take place in a closed economy. (B) Real flow consists of flow of factor services from households to firms. (C) In a two-sector economy, total production is always equal to total consumption. (D) Money flow consists of flow of factor payments from households to firms. Choose the correct answer from the options given below :

Identify the correct statements regarding money supply (A) Money supply is a stock concept. (B) Money supply is a flow concept. (C) Money supply is the currency (cash and coins) with the public and demand deposit in banks. (D) Money supply is the currency held with banks. (E) Money supply is the concept of real flow. Choose the correct answer from the options given below :

Given the following set of data calculate equilibrium income. C = 100 + 0.8 y. Investment = Rs. 260 Cr.

Suppose a country only produces bread. In the year 2000 it had produced 100 units of bread, price was Rs. 10 per bread. In 2001, the same country produced 110 units of bread at price was Rs. 15 per bread. In 2001, the nominal and real GDP are : (base year is 2000)

Identify the quantitative tools used by RBI to control money supply. (A) Moral Suasion (B) Bank Rate (C) Cash Reserve Ratio (D) Open Market Operations (E) Margin requirement Choose the correct answer from the options given below :

Match List - I with List - II. | List - I (Event) | List - II (Year) | | --- | --- | | (A) Planning Commission | (I) 1948 | | (B) First Phase of Green Revolution | (II) 1955 | | (C) Karve Committee | (III) 1950 | | (D) First Industrial Policy Resolution | (IV) Mid 1960 - 1970 | Choose the correct answer from the options given below :

'Rs. 48,000 cr is allotted for PM Awas Yojana in this years budget'. Identify the government objective fulfilled from the statement above.

If the reserve ratio is 10% and the initial deposit with the commercial banks are Rs. 450 cr, the total money creation by the banking system will be :

Which of the following is considered as an intermediate good ?

Match List - I with List - II. | List - I (Financial Terms) | List - II (Examples) | | --- | --- | | (A) Monetary Base | (I) Loans extended by banks | | (B) Assets | (II) Reserve Bank of India | | (C) Liabilities | (III) Currency | | (D) Credit control | (IV) Deposits accepted by the banks | Choose the correct answer from the options given below :

Which one of the following is the apex body to coordinate the activities of all institutions involved in the rural financing system ?

Infrastructure is divided into two categories :

What would be the value of investment multiplier if MPC = MPS ?

Which of the following is a function of RBI ?

If MPC = 0.75, autonomous consumption = 100 crore, then find the level of consumption at income level = 8,000 crore :

Re-arrange the following in chronological order of their occurrence. (A) Establishment of People's Republic of China. (B) Great Proletarian Cultural Revolution (C) First Five Year Plan of Pakistan. (D) First Five Year Plan of India. (E) Economic Reforms of Pakistan. Choose the correct answer from the options given below :

Which of the following is not a function of the Central Bank ?

If tea and coffee can be used in place of one another, then which of the following statements hold true ? (A) Increase in price of tea leads to decrease in demand for coffee. (B) Increase in price of tea leads to increase in demand for coffee. (C) Tea and coffee are substitute goods. (D) Decrease in price of tea leads to increase in price of coffee. (E) Tea and Coffee are complimentary goods. Choose the correct answer from the options given below :

Suppose the producers plans to add Rs. 100 cr worth of goods to her stock by the end of the year. However, due to an unforeseen upsurge of demand for her goods in the market, she had to sell goods worth Rs. 30 cr from her existing stock. Now, determine Ex-ante Investment and Ex-post Investment from the above information.

What is the value of education cess levied on Union taxes by the Government of India ?

Some of the factors responsible for land degradation in India an : (A) Organic farming (B) Forest fire and overgrazing (C) Planned irrigation system (D) Excession use of fertilizers and pesticides (E) Shifting cultivation Choose the correct answer from the options given below :

Which of the following is not a reason for excess demand ?

Which among the following is not a part of Qualitative measure of Monetary Policy of RBI ?

Match List - I with List - II. | List - I (Programmes) | List - II (Objective) | | --- | --- | | (A) National Social Assistance Programme | (I) Promoting savings | | (B) Mahatma Gandhi National Rural Employment Guarantee Act | (II) Pension to the elderly | | (C) Prime Minister's Rozgar Yojana | (III) Self-employment programme | | (D) Pradhan Mantri Jan Dhan Yojana | (IV) Wage employment programme | Choose the correct answer from the options given below :

In China, Commune system is related to the _____ sector.

Identify the statement that stands true during deficient demand : (A) Actual output falls short of potential output (B) Potential output falls short of actual output (C) Actual demand is less than expected demand (D) Expected demand is less than actual demand Choose the correct answer from the options given below :

Suppose you are a member of the "Advisory Committee to the Finance Minister of India". The finance minister is concerned about the rising Revenue Deficit in the budget. Which measure would you suggest to control the rising Revenue deficit of the government ?

Five Year Plans in India were guided by which the following goals : (A) Modernisation (B) Equity (C) Subsidies (D) Self - Reliance (E) Growth Choose the correct answer from the options given below :

Identify the casual worker from amongst the following alternatives :

Raising the value of country's currency under fixed exchange rate system is :

Match List - I with List - II. | List - I (Demographic feature) | List - II (Country) | | --- | --- | | (A) Very High fertility rate | (I) India and Pakistan | | (B) One Child Norm | (II) Pakistan | | (C) High density of population | (III) China | | (D) Mixed economy | (IV) India | Choose the correct answer from the options given below :

When consumption function starts from y axis, it indicates that ?

Owing to the current political instability across many countries, the Indian rupee has sharply lost its value in terms of US dollars. The impact of this would be : (A) A rise in imports from USA (B) A fall in imports from USA (C) A rise in exports to USA (D) A fall in exports to USA Choose the correct answer from the options given below :

Which of the following is included in the estimation of National Income ?

The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in :

Suppose in an economy there are only two firms A and B. Calculate Gross Domestic Product at Market Price from the given table. | Items | Firm A | Firm B | | --- | --- | --- | | Sales | 50 Cr | 200 Cr | | Change in stock | +20 Cr | -30 Cr | | Intermediate Consumption | 0 | 100 Cr |