CUET Economics 2022 Slot 5 Past Year Paper with Solutions

Q1:

Indian Economic Development

>

Development Experience (1947-90)

Medium

Arrange the following in chronological order.

(A) First census

(B) Year of Great Divide

(C) Opening of Suez Canal

(D) Introduction of Railways

(E) Incorporation of TISCO

Choose the correct answer from the options given below :

(A), (B), (C), (D), (E)

(E), (D), (C), (B), (A)

(D), (C), (A), (E), (B)

(A), (C), (D), (B), (E)

Correct Answer

Option 3

Correct Answer

Explanation

Q2:

Indian Economic Development

>

Development Experience (1947-90)

Easy

During second half of 19th century, modern industry began to take roots in India. Initially development was confined to _______.

Cotton and Jute textile mills

Silk textile

Sugar industry

Paper industry

Correct Answer

Option 1

Correct Answer

Explanation

Q3:

Indian Economic Development

>

Development Experience (1947-90)

Easy

Which of the following is not an impact of the Green Revolution ?

There was an increase in marketed surplus

Prosperity of farmers

India achieved self sufficiency in food grain production

Rise in prices of food grains due to abundant food grain production

Correct Answer

Option 4

Correct Answer

Explanation

Q4:

Indian Economic Development

>

Development Experience (1947-90)

Medium

Small scale industries could not compete with the large firms and hence were protected by the government. Which of the following statements is incorrect with regard to this :

Some products were reserved for production only by the small scale industries.

Concessions in the form of lower bank rates were provided.

Concessions such as lower excise duty were provided.

Some small scale industries were made to work in partnership with some large firms.

Correct Answer

Option 4

Correct Answer

Explanation

Q5:

Indian Economic Development

>

Economic Reforms (1991)

Medium

Identify the correct order of the events in which they occurred in India.

(A) Removal of quantitative restrictions on import of manufactured goods.

(B) Indian parliament passed a law, Goods and Services Act.

(C) Establishment of GATT

(D) WTO founded as successor organisation to GATT.

Choose the correct answer from the options given below :

(C), (A), (D), (B)

(B), (A), (D), (C)

(A), (C), (D), (B)

(C), (D), (A), (B)

Correct Answer

Option 4

Correct Answer

Explanation

Q6:

Indian Economic Development

>

Development Experience of India

Easy

The official data on poverty is made available to public by :

NSSO

Planning Commission

Central Statistical Organisation

Ministry of Social Welfare

Correct Answer

Option 2

Correct Answer

Explanation

Q7:

Indian Economic Development

>

Human Capital Formation

Easy

Identify the organisation, which facilitates institutions which come under the health sector in India.

Indian Commission for Medical Research

Indian Council for Medical Research

International Council for Medical Research

National Council of Educational Research and Training

Correct Answer

Option 2

Correct Answer

Explanation

Q8:

Indian Economic Development

>

Human Capital Formation

Medium

Individuals invest in education with the objective of :

(A) Increasing their future incomes

(B) To make better choices in life

(C) Accelerating the process of economic development

(D) Making wise financial decisions

Choose the correct answer from the options given below :

(D) and (A) only

(A) and (C) only

(A) and (B) only

(B) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation

Q9:

Indian Economic Development

>

Rural Development

Medium

Which of the following is not true about Agricultural Marketing System ?

Provision of physical infrastructure

De-regulation of markets

Policy instruments like minimum support price aimed to protect farmers

Cooperative farming

Correct Answer

Option 4

Correct Answer

Explanation

Q10:

Macro

>

Balance of Payments

Medium

Match List - I with List - II.

List - I (Concept)	List - II (Meaning)
(A) Trade surplus	(I) Excess of the payments for import of goods over the receipts for export of goods
(B) Devaluation of currency	(II) Excess of exports of goods over the imports of goods
(C) Trade deficit	(III) Fall in the external value of a domestic currency as notified by the government of the country
(D) Balance of trade	(IV) Difference between the value of exports and value of imports of goods of a country

Choose the correct answer from the options given below :

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

Correct Answer

Option 2

Correct Answer

Explanation

Q11:

Macro

>

Government Budget

Medium

Which of the following statements is true ?

(A) Fiscal deficit is the difference between the government's budgetary expenditure and budgetary receipts excluding borrowings.

(B) Primary deficit is the difference between total receipts and interest payments.

(C) Increase in revenue deficit will always lead to higher fiscal deficit.

(D) Primary deficit equals revenue deficit less interest payments.

(E) Revenue deficit refers to excess of government's revenue expenditure over its revenue receipts.

Choose the correct answer from the options given below :

(C) and (E) only

(B) and (D) only

(A) and (E) only

(A) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation

Q12:

Indian Economic Development

>

Development Experience of India

Easy

In India number of girls, have reduced from 927 per 1000 boys in 2001 to 919 in 2011. This deterioration in child sex ratio is due to increase in :

Infant mortality rate

Female foeticide

Material mortality rate

Death rate

Correct Answer

Option 2

Correct Answer

Explanation

Q13:

Indian Economic Development

>

Sustainable Economic Development

Easy

Which one of the following is conventional source of energy ?

Coal energy

Solar energy

Wind energy

Tidal energy

Correct Answer

Option 1

Correct Answer

Explanation

Q14:

Indian Economic Development

>

Sustainable Economic Development

Easy

Which of the following is NOT a reason for environmental crisis ?

Population explosion

Afforestation

Urbanisation

Deforestation

Correct Answer

Option 2

Correct Answer

Explanation

Q15:

Indian Economic Development

>

Human Capital Formation

Easy

Which of the following is NOT a part of Health infrastructure ?

Hospitals

Doctors

Beds

Farm equipments

Correct Answer

Option 4

Correct Answer

Explanation

Q16:

Micro

>

Introduction

Easy

Which of the following is part of Microeconomics ?

National income

Inflation

Price of a commodity

Foreign exchange

Correct Answer

Option 3

Correct Answer

Explanation

Q17:

Micro

>

Introduction

Easy

Problem of for whom to produce is related to _______.

Decision regarding quantity of goods to be produced

Decision related to production of necessary or luxury goods

Technique of production

Decision regarding distribution of goods

Correct Answer

Option 4

Correct Answer

Explanation

Q18:

Micro

>

Introduction

Medium

Match List - I with List - II.

List - I	List - II
(A) Centrally planned economy	(I) Depends on demand and supply forces
(B) Mixed economy	(II) Economic problem
(C) Market economy	(III) Socialist economy
(D) Problem of choice	(IV) Public and Private sector

Choose the correct answer from the options given below :

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (IV), (C) - (III), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation

Q19:

Macro

>

Government Budget

Medium

Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______.

Indirect Tax

Paper Tax

Cess

Value added Tax

Correct Answer

Option 2

Correct Answer

Explanation

Q20:

Micro

>

Consumer Behaviour

Medium

Match List - I with List - II.

List - I	List - II
(A) Fall in price of good	(I) Tea and coffee
(B) Complementary goods	(II) Expansion of demand
(C) Substitute good	(III) Shifting of demand curve
(D) Rise in income	(IV) Shoes and socks

Choose the correct answer from the options given below :

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Correct Answer

Option 2

Correct Answer

Explanation

Q21:

Indian Economic Development

>

Rural Development

Medium

Match List - I with List - II.

List - I (Concept)	List - II (Meaning)
(A) Agricultural Diversification	(I) goods reach different places through market channels
(B) Organic Farming	(II) infusion of capital in rural economy
(C) Agricultural Marketing	(III) ecofriendly agricultural technology
(D) Rural Credit	(IV) change in cropping pattern

Choose the correct answer from the options given below :

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation

Q22:

Macro

>

Income & Employment

Medium

Calculate autonomous consumption expenditure from the following data about an economy which is in equilibrium.

National Income = Rs. 1000

Marginal propensity to save = 0.2

Investment expenditure = Rs. 150

Rs. 200

Rs. 150

Rs. 950

Rs. 50

Correct Answer

Option 4

Correct Answer

Explanation

Q23:

Macro

>

Income & Employment

Easy

Given the consumption function of an economy C = 200 + 0.25 Y, what is the value of slope of the savings function ?

0.25

1

0.75

Infinity

Correct Answer

Option 3

Correct Answer

Explanation

Q24:

Macro

>

Money & Banking

Medium

In a situation of Excess Demand.

Choose the correct option.

(A) Cash reserve ratio should decrease

(B) Bank rate should increase

(C) Statutory Liquidity Ratio should increase

(D) Statutory Liquidity Ratio should decrease

Choose the correct answer from the options given below :

(A) and (B) only

(B) and (C) only

(C) and (A) only

(D) and (B) only

Correct Answer

Option 2

Correct Answer

Explanation

Q25:

Macro

>

Income & Employment

Medium

Match List - I with List - II.

List - I	List - II
(A) MPC (Marginal Propensity to Consume)	(I) $\frac{\Delta Y}{\Delta I}$
(B) MPS (Marginal Propensity to Save)	(II) $\frac{\Delta C}{\Delta Y}$
(C) K (Multiplier)	(III) C + I
(D) AD (Aggregate Demand)	(IV) $\frac{\Delta S}{\Delta Y}$

Choose the correct answer from the options given below :

(A) - (I), (B) - (IV), (C) - (III), (D) - (II)

(A) - (II), (B) - (IV), (C) - (III), (D) - (I)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Correct Answer

Option 3

Correct Answer

Explanation

Q26:

Macro

>

Income & Employment

Medium

What does breakeven point indicate ?

(A) MPS = 0

(B) APC = 1

(C) MPS = 1

(D) APS = 0

Choose the correct answer from the options given below :

(D) and (A) only

(A), (B) and (C) only

(C) and (A) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation

Q27:

Macro

>

Income & Employment

Easy

From the equations given below, choose the equation which correctly represents the consumption function.

$C = \bar{c} + (1-b)Y$

$C = -\bar{c} + (1-b)Y$

$C = \bar{c} + bY$

$C = -\bar{c} + bY$

Correct Answer

Option 3

Correct Answer

Explanation

Q28:

Macro

>

National Income

Medium

Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence.

(A) Estimate Gross Domestic Product at market price

(B) Calculate Net Domestic Product at factor cost

(C) Estimation of value of output produced by each firm in all sectors of the economy during the year

(D) Calculate Net National Product at factor cost

Choose the correct answer from the options given below :

(C), (A), (B), (D)

(A), (B), (C), (D)

(B), (C), (D), (A)

(D), (A), (C), (B)

Correct Answer

Option 1

Correct Answer

Explanation

Q29:

Macro

>

National Income

Medium

Identify which of the following are included in National Income ?

(A) Gifts from abroad

(B) Compensation of employees paid by a company located in India

(C) Prize won in a lottery

(D) Purchase of NCERT textbook by a student

Choose the correct answer from the options given below :

(A) and (B) only

(C) and (D) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation

Q30:

Macro

>

National Income

Easy

Which of the following formula is correct ?

Real GDP = $\frac{\text{Price Index}}{\text{Nominal GDP}} \times 100$

Real GDP = $\frac{\text{Nominal GDP}}{\text{Price Index}} \times 100$

Nominal GDP = $\frac{\text{Real GDP}}{\text{Price Index}} \times 100$

Nominal GDP = $\frac{\text{Price Index}}{\text{Real GDP}} \times 100$

Correct Answer

Option 2

Correct Answer

Explanation

Q31:

Macro

>

National Income

Medium

Choose the correct sequence to arrive at $NNP_{FC}$ using value added method.

(A) $GDP_{MP}$ - Depreciation

(B) $NDP_{MP}$ - Net Indirect Taxes

(C) Value of output - Intermediate cost

(D) Domestic income + Net factor income from abroad

Choose the correct answer from the options given below :

(A), (B), (D), (C)

(C), (B), (A), (D)

(A), (B), (C), (D)

(C), (A), (B), (D)

Correct Answer

Option 4

Correct Answer

Explanation

Q32:

Macro

>

National Income

Medium

Which of the following is NOT included in estimation of national income ?

Commission of an agent from sale of a second hand car.

Wheat kept for self consumption by a farmer

Shares sold in stock market

Services of a lawyer hired by a firm

Correct Answer

Option 3

Correct Answer

Explanation

Q33:

Macro

>

National Income

Medium

Which of the following components, is NOT a part of compensation of employees, while estimating national income ?

Wages and salaries in cash

Rent free house

Term insurance plan by employee

Contribution to provident fund by company

Correct Answer

Option 3

Correct Answer

Explanation

Q34:

Macro

>

Balance of Payments

Medium

Arrange the following statements relating to appreciation of domestic currency in the correct sequence.

(A) The demand curve for foreign exchange shifts to the right of the original demand curve

(B) Due to some reason the exchange rate falls to 1$ = Rs. 70

(C) The initial exchange rate is 1$ = Rs. 75

(D) This increase the demand for foreign goods and services by Indians

Choose the correct answer from the options given below :

(A), (D), (C), (B)

(C), (B), (D), (A)

(C), (A), (D), (B)

(A), (C), (B), (D)

Correct Answer

Option 2

Correct Answer

Explanation

Q35:

Indian Economic Development

>

Sustainable Economic Development

Easy

Which of the following is not an abiotic element ?

Rocks

Plants

Wind

Sunlight

Correct Answer

Option 2

Correct Answer

Explanation

Q36:

Indian Economic Development

>

Sustainable Economic Development

Medium

When environment fails to perform _______ function it results in an environmental crisis.

It assimilates waste

It sustains life by providing genetics and biodiversity

It also provides aesthic services

It supplies resources

Correct Answer

Option 1

Correct Answer

Explanation

Q37:

Indian Economic Development

>

Sustainable Economic Development

Easy

Appiko movement, which aimed at protecting forests was initiated in which state ?

Kerala

Himachal Pradesh

Karnataka

Madhya Pradesh

Correct Answer

Option 3

Correct Answer

Explanation

Q38:

Indian Economic Development

>

Employment

Easy

Formal sector employs a minimum of _______ number of employees.

20

10

15

12

Correct Answer

Option 2

Correct Answer

Explanation

Q39:

Indian Economic Development

>

Employment

Easy

The process of moving from self-employed and regular salaried employment to casual wage work is known as _______.

Regular salaried employees

Self employed

Unemployed

Casualisation of workforce

Correct Answer

Option 4

Correct Answer

Explanation

Q40:

Indian Economic Development

>

Employment

Easy

Mahatma Gandhi National Rural Employment Guarantee Act 2005, promises _______ days of guaranteed wage employment.

50

100

90

75

Correct Answer

Option 2

Correct Answer

Explanation

Q41:

Macro

>

Money & Banking

Easy

In India currency notes are issued by the Reserve Bank of India (RBI) which is the monetary authority of India. However, coins are issued by the government of India. Apart from currency notes and coins, balance in savings or current account deposits held by the public in commercial bank is also considered money. Since cheques drawn on these accounts are used to settle transaction such deposits are called demand deposit. They are payable by the bank on demand. Other deposits, eg. fixed deposits, have a fixed period of maturity and are therefore referred to as time deposit.

In India currency notes are issued by _______.

Government of India

Commercial Banks

Reserve Bank of India

State Bank of India

Correct Answer

Option 3

Correct Answer

Explanation

Q42:

Macro

>

Money & Banking

Easy

In India currency notes are issued by the Reserve Bank of India (RBI) which is the monetary authority of India. However, coins are issued by the government of India. Apart from currency notes and coins, balance in savings or current account deposits held by the public in commercial bank is also considered money. Since cheques drawn on these accounts are used to settle transaction such deposits are called demand deposit. They are payable by the bank on demand. Other deposits, eg. fixed deposits, have a fixed period of maturity and are therefore referred to as time deposit.

In India coins are issued by _______.

RBI

State Bank of India

SEBI

Government of India

Correct Answer

Option 4

Correct Answer

Explanation

Q43:

Macro

>

Money & Banking

Easy

In India currency notes are issued by the Reserve Bank of India (RBI) which is the monetary authority of India. However, coins are issued by the government of India. Apart from currency notes and coins, balance in savings or current account deposits held by the public in commercial bank is also considered money. Since cheques drawn on these accounts are used to settle transaction such deposits are called demand deposit. They are payable by the bank on demand. Other deposits, eg. fixed deposits, have a fixed period of maturity and are therefore referred to as time deposit.

_______ are deposits which have a fixed period of maturity.

Demand deposits

Time deposits

Saving deposits

Current deposits

Correct Answer

Option 2

Correct Answer

Explanation

Q44:

Macro

>

Money & Banking

Easy

In India currency notes are issued by the Reserve Bank of India (RBI) which is the monetary authority of India. However, coins are issued by the government of India. Apart from currency notes and coins, balance in savings or current account deposits held by the public in commercial bank is also considered money. Since cheques drawn on these accounts are used to settle transaction such deposits are called demand deposit. They are payable by the bank on demand. Other deposits, eg. fixed deposits, have a fixed period of maturity and are therefore referred to as time deposit.

Who among the following is responsible for controlling money supply in the economy ?

Commercial banks

Government of India

Ministry of Finance

Reserve Bank of India

Correct Answer

Option 4

Correct Answer

Explanation

Q45:

Macro

>

Money & Banking

Easy

In India currency notes are issued by the Reserve Bank of India (RBI) which is the monetary authority of India. However, coins are issued by the government of India. Apart from currency notes and coins, balance in savings or current account deposits held by the public in commercial bank is also considered money. Since cheques drawn on these accounts are used to settle transaction such deposits are called demand deposit. They are payable by the bank on demand. Other deposits, eg. fixed deposits, have a fixed period of maturity and are therefore referred to as time deposit.

Deposits which are payable on demand are called _______.

Fixed deposits

Time deposits

Demand deposits

Current deposits

Correct Answer

Option 3

Correct Answer

Explanation

Q46:

Indian Economic Development

>

Development Experience of India

Easy

Select Demographic Indicator 2015.

Country	Estimated Population in million	Density per sq. km	Annual Growth of Population	Sex Ratio	Fertility Rate	Urbanisation
India	1311	441	1.2	929	2.3	33
China	1371	146	0.5	941	1.6	56
Pakistan	188	245	2.1	947	3.7	39

Which country has the lowest density and highest density per sq. km. ?

China/India

India/China

China/Pakistan

Pakistan/China

Correct Answer

Option 1

Correct Answer

Explanation

Q47:

Indian Economic Development

>

Development Experience of India

Easy

Select Demographic Indicator 2015.

Country	Estimated Population in million	Density per sq. km	Annual Growth of Population	Sex Ratio	Fertility Rate	Urbanisation
India	1311	441	1.2	929	2.3	33
China	1371	146	0.5	941	1.6	56
Pakistan	188	245	2.1	947	3.7	39

Which country has the highest and lowest annual growth rate of population ?

Pakistan/India

Pakistan/China

China/Pakistan

China/India

Correct Answer

Option 2

Correct Answer

Explanation

Q48:

Indian Economic Development

>

Development Experience of India

Easy

Select Demographic Indicator 2015.

Country	Estimated Population in million	Density per sq. km	Annual Growth of Population	Sex Ratio	Fertility Rate	Urbanisation
India	1311	441	1.2	929	2.3	33
China	1371	146	0.5	941	1.6	56
Pakistan	188	245	2.1	947	3.7	39

Identify the reason for low growth of population in China.

Discrimination between girl child and boy child

One child policy

No child policy

High infant mortality rate

Correct Answer

Option 2

Correct Answer

Explanation

Q49:

Indian Economic Development

>

Development Experience of India

Easy

Select Demographic Indicator 2015.

Country	Estimated Population in million	Density per sq. km	Annual Growth of Population	Sex Ratio	Fertility Rate	Urbanisation
India	1311	441	1.2	929	2.3	33
China	1371	146	0.5	941	1.6	56
Pakistan	188	245	2.1	947	3.7	39

Arrange the countries in increasing order in terms of urbanisation.

India/China/Pakistan

India/Pakistan/China

Pakistan/India/China

Pakistan/China/India

Correct Answer

Option 2

Correct Answer

Explanation

Q50:

Indian Economic Development

>

Development Experience of India

Easy

Select Demographic Indicator 2015.

Country	Estimated Population in million	Density per sq. km	Annual Growth of Population	Sex Ratio	Fertility Rate	Urbanisation
India	1311	441	1.2	929	2.3	33
China	1371	146	0.5	941	1.6	56
Pakistan	188	245	2.1	947	3.7	39

Arrange the countries in decreasing order in terms of sex ratio.

Pakistan/China/India

China/India/Pakistan

China/Pakistan/India

India/China/Pakistan

Correct Answer

Option 1

Correct Answer

Explanation

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CUET Economics 2022 30 Aug Shift 2 Past Year Question Paper

CUET Economics Past Year Questions (Topic-Wise)