Q1:

Human Capital Formation

Medium

Match List - I with List - II.

List - I | List - II

(A) Human Capital | (I) Technical Progress

(B) Physical Capital | (II) Education and Health

(C) Human Capital formation | (III) Human well being

(D) Human Development | (IV) Growth enhancing

Choose the correct answer from the options given below :

Answer options
Option 4
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 1

Q2:

Income & Employment

Medium

Arrange the sequence of events relating to establishment of equilibrium in the economy.

(A) This will cause unintended decumulation of inventories

(B) This process continues till ex-ante aggregate demand becomes equal to ex-ante aggregate supply

(C) The producers will respond by increasing output

(D) If ex-ante demand for final goods by firms and households is greater than the output the producers plan to produce in a given year

(E) When output increases, both employment and income rise

Choose the correct answer from the options given below :

Answer options
Option 2
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 2

Q3:

Government Budget

Easy

What needs to be subtracted from gross fiscal deficit to get gross primary deficit ?

Answer options
Option 2
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 3

Q4:

National Income

Easy

Value Added Method of calculating aggregate annual value of goods and services is also called :

Answer options
Option 1
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 4

Q8:

Human Capital Formation

Easy

Identify the term that means proneness to fall ill from major waterborne diseases.

Answer options
Option 4
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 8

Q9:

Money & Banking

Easy

The RBI can influence money supply by changing __________ at which it gives loan to the commercial Banks.

Answer options
Option 4
Correct Answer
Explanation for 2023: 28 May Shift 2 ECO question 9

Q10:

Balance of Payments

Medium

Current Account components of trade in services include :

(A) Gifts, Remittances

(B) Net Non-Factor Income

(C) Net Investment Income

(D) Grants

Choose the correct answer from the options given below :

Answer options

Q11:

Economic Reforms (1991)

Easy

Some Scholars question the usefullness of India being a member of the __________ organisation as a major volume of international trade occurs among the developed nations. Identify the organisation.

Answer options

Q12:

Government Budget

Easy

One kind of deficit in the annual Budget will have to be financed through borrowings. It indicates the total borrowing requirements of the government from all sources it is known as :

Answer options

Q13:

Development Experience (1947-90)

Medium

Arrange the following in chronological order of their occurence in India.

(A) The second stage of demographic transition began

(B) Incorporation of Tata Iron and Steel company

(C) British India first census

(D) Introduction of railways

Choose the correct answer from the options given below :

Answer options

Q14:

Human Capital Formation

Easy

Investment in education turns human resources into __________.

Answer options

Q15:

National Income

Medium

Match List - I with List - II.

List - I | List - II

(A) Income Method | (I) Calculated at current prices

(B) Expenditure Method | (II) Calculated at constant prices

(C) Real GDP | (III) Aggregate of final expenditures

(D) Nominal GDP | (IV) Aggregate of factor incomes

Choose the correct answer from the options given below :

Answer options

Q16:

Money & Banking

Medium

Arrange the following statements relating to open market operations in the correct sequence.

(A) There by resulting in an increase in money supply

(B) Central bank pays for it by giving a cheque

(C) Central bank buys a government bond in the open market

(D) This increases the total amount of reserves in the economy

Choose the correct answer from the options given below :

Answer options

Q18:

Introduction

Easy

The book 'General Theory of Employment, Interest and Money', has been written by the distinguished economist.

Answer options

Q19:

Development Experience (1947-90)

Easy

The Industrial policy closely related to the trade Policy which aimed at replacing imports with domestic production is known as :

Answer options

Q20:

Human Capital Formation

Easy

Investment in education, health, migration and information are the sources of :

Answer options

Q21:

Rural Development

Easy

Select the correct statement related to Alternate marketing channels :

(A) In the alternate marketing channels, Farmers sell their products directly to consumers.

(B) In the alternate marketing channels, Farmers sell their products directly to the Central Government

(C) In the alternate marketing channels, Farmers sell their products to the Middle men

(D) In the alternate marketing channels, Farmer sell their products directly to the whole sale market

Choose the correct answer from the options given below :

Answer options

Q22:

Sustainable Economic Development

Easy

Which of the following is not included in the strategy of sustainable development ?

Answer options

Q23:

Income & Employment

Medium

The aggregate demand line shifts parallel upwards. The reason behind this is :

Answer options

Q24:

Employment

Easy

'Swarn Jayanti Shahri Rozgar Yojana' aims at creating __________ opportunities in urban areas.

Answer options

Q25:

Government Budget

Easy

Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government ?

Answer options

Q26:

Balance of Payments

Medium

Match List - I with List - II.

List - I | List - II

(A) Flexible exchange rate | (I) Market forces

(B) Devaluation | (II) Pegged exchange rate

(C) Fixed exchange rate | (III) Floating exchange rate

(D) Depreciation | (IV) Government

Choose the correct answer from the options given below :

Answer options

Q27:

Development Experience (1947-90)

Easy

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy ?

Answer options

Q28:

National Income

Medium

Which of the following will be included in the National Income of India ?

(A) Donations given to a religious institution.

(B) Payment of Income Tax

(C) Scholarship given to students

(D) Profits earned by an Indian company from its branch in France

(E) Purchase of a television set by a consumer household

Choose the correct answer from the options given below :

Answer options

Q29:

Balance of Payments

Easy

If Trade Deficit is Rs 2000 crores and imports is worth Rs 4000 crore, then the value of exports will be :

Answer options

Q30:

Income & Employment

Medium

Given AD = C + I + CY, change in autonomous consumption will lead to :

(A) Change in equilibrium level of income

(B) Change in aggregate demand

(C) Change in Investment

(D) Change in aggregate demand and no change in equilibrium level of income

(E) Change in marginal propensity to consume

Choose the correct answer from the options given below :

Answer options

Q31:

Government Budget

Medium

Revenue Receipts in the government budget include :

(A) Government Borrowings

(B) Tax Revenue

(C) Interest receipts on loans by government

(D) Dividends earned by government on its investment

Choose the correct answer from the options given below :

Answer options

Q32:

National Income

Easy

National Income can also be called :

Answer options

Q33:

Development Experience of India

Medium

Arrange the sequence of events relating to identifying the number of poor in India.

(A) Task force on projection of minimum needs and effective demand formed

(B) Expert groups formed

(C) Planning Commission formed a study group

(D) Dadabhai Naoroji formulated the 'Jail cost of living'

Choose the correct answer from the options given below :

Answer options

Q34:

Money & Banking

Easy

RBI can influence money supply by changing the Bank rate. An increase in Bank rate can be termed as :

Answer options

Q35:

Balance of Payments

Medium

Match List - I with List - II.

List - I | List - II

(A) Trade includes export and import of goods | (I) Capital Account

(B) Foreign Direct Investment | (II) Invisible Trade

(C) Net sale of service products like banking and tourism | (III) Transfer Payment

(D) The Receipts of payment without providing goods and services | (IV) Current Account

Choose the correct answer from the options given below :

Answer options

Q37:

Balance of Payments

Medium

Which of the following items can be included in Capital Account in BOP ?

(A) An Indian buys a UK Car company

(B) A Swedish citizen buys shares of Reliance company

(C) Export of Rajasthan's blue pottery to an Italian restaurant owner

(D) Apple I-phones gifted by an Indian company to its employees

Choose the correct answer from the options given below :

Answer options

Q38:

Rural Development

Easy

Which apex body was set up to coordinate the activities of all institutions involved in the rural financing system ?

Answer options

Q39:

Income & Employment

Easy

At a particular price level, when aggregate demand for final goods equals aggregate supply of final goods, the product market reaches to its __________.

Answer options

Q40:

Sustainable Economic Development

Easy

Which is not the way to attain sustainable development ?

Answer options

Q41:

Consumer Behaviour

Easy

A consumer is a rational individual who knows, what is good and bad for him/her. So he always tries to achieve the best to get maximum satisfaction. Thus, the consumer chooses the set of bundles as per his preference which is best for him. The consumer always prefers to move to a point on the highest possible indifference curve given on the budget set. The slope of the budget line is the rate at which the consumer is able to substitute one good for the other in the market.

The indifference curve is :

Answer options

Q42:

Consumer Behaviour

Easy

A consumer is a rational individual who knows, what is good and bad for him/her. So he always tries to achieve the best to get maximum satisfaction. Thus, the consumer chooses the set of bundles as per his preference which is best for him. The consumer always prefers to move to a point on the highest possible indifference curve given on the budget set. The slope of the budget line is the rate at which the consumer is able to substitute one good for the other in the market.

All the points on Indifference curve represent :

Answer options

Q43:

Consumer Behaviour

Easy

A consumer is a rational individual who knows, what is good and bad for him/her. So he always tries to achieve the best to get maximum satisfaction. Thus, the consumer chooses the set of bundles as per his preference which is best for him. The consumer always prefers to move to a point on the highest possible indifference curve given on the budget set. The slope of the budget line is the rate at which the consumer is able to substitute one good for the other in the market.

A rational consumer is the one who has :

Answer options

Q44:

Consumer Behaviour

Easy

A consumer is a rational individual who knows, what is good and bad for him/her. So he always tries to achieve the best to get maximum satisfaction. Thus, the consumer chooses the set of bundles as per his preference which is best for him. The consumer always prefers to move to a point on the highest possible indifference curve given on the budget set. The slope of the budget line is the rate at which the consumer is able to substitute one good for the other in the market.

Which is an example of substitute good ?

Answer options

Q45:

Consumer Behaviour

Easy

A consumer is a rational individual who knows, what is good and bad for him/her. So he always tries to achieve the best to get maximum satisfaction. Thus, the consumer chooses the set of bundles as per his preference which is best for him. The consumer always prefers to move to a point on the highest possible indifference curve given on the budget set. The slope of the budget line is the rate at which the consumer is able to substitute one good for the other in the market.

If the budget line is tangent to an indifference curve at a point, absolute value of the MRS and the Budget line are __________ at that point.

Answer options

Q46:

Sustainable Economic Development

Easy

The Chipko Movement, aimed at protecting forests in the Himalayas. In Karnataka, a similar movement took a different name, 'Appiko', which means to hug. On 8 September 1983, when the felling of trees was started in Salkani forest in Sirsi district, 160 men, women and children hugged the trees and forced the woodcutters to leave. They kept vigil in the forest over the next six weeks. Only after the forest officials assured the volunteers that the trees will be cut scientifically and in accordance with the working plan of the district, did they leave the trees.

When commercial felling by contractors damaged a large number of natural forests, the idea of hugging the trees gave the people hope and confidence that they can protect the forests. On that particular incident, with the felling discontinued, the people saved 12,000 trees. Within months, this movement spread to many adjoining districts.

Indiscriminate felling of trees for fuel wood and for industrial use has led to many environmental problems. Twelve years after setting up of a paper mill in Uttar Kanara area, bamboo, has been wiped out from that area. "Broad-leaved trees which protected the soil from the direct onslaught of rain have been removed, the soil washed away, and bare laterite soil left behind. Now nothing grows but a weed", says a farmer. Farmers also complain that rivers and rivulets dry up quicker, and that rainfall is becoming erratic. Diseases and insects earlier unknown are now attacking the crops.

Chipko movement or Appiko started in Karnataka when :

Answer options

Q47:

Sustainable Economic Development

Easy

The Chipko Movement, aimed at protecting forests in the Himalayas. In Karnataka, a similar movement took a different name, 'Appiko', which means to hug. On 8 September 1983, when the felling of trees was started in Salkani forest in Sirsi district, 160 men, women and children hugged the trees and forced the woodcutters to leave. They kept vigil in the forest over the next six weeks. Only after the forest officials assured the volunteers that the trees will be cut scientifically and in accordance with the working plan of the district, did they leave the trees.

When commercial felling by contractors damaged a large number of natural forests, the idea of hugging the trees gave the people hope and confidence that they can protect the forests. On that particular incident, with the felling discontinued, the people saved 12,000 trees. Within months, this movement spread to many adjoining districts.

Indiscriminate felling of trees for fuel wood and for industrial use has led to many environmental problems. Twelve years after setting up of a paper mill in Uttar Kanara area, bamboo, has been wiped out from that area. "Broad-leaved trees which protected the soil from the direct onslaught of rain have been removed, the soil washed away, and bare laterite soil left behind. Now nothing grows but a weed", says a farmer. Farmers also complain that rivers and rivulets dry up quicker, and that rainfall is becoming erratic. Diseases and insects earlier unknown are now attacking the crops.

Indiscriminate felling of trees has led to many __________ problems.

Answer options

Q48:

Sustainable Economic Development

Easy

The Chipko Movement, aimed at protecting forests in the Himalayas. In Karnataka, a similar movement took a different name, 'Appiko', which means to hug. On 8 September 1983, when the felling of trees was started in Salkani forest in Sirsi district, 160 men, women and children hugged the trees and forced the woodcutters to leave. They kept vigil in the forest over the next six weeks. Only after the forest officials assured the volunteers that the trees will be cut scientifically and in accordance with the working plan of the district, did they leave the trees.

When commercial felling by contractors damaged a large number of natural forests, the idea of hugging the trees gave the people hope and confidence that they can protect the forests. On that particular incident, with the felling discontinued, the people saved 12,000 trees. Within months, this movement spread to many adjoining districts.

Indiscriminate felling of trees for fuel wood and for industrial use has led to many environmental problems. Twelve years after setting up of a paper mill in Uttar Kanara area, bamboo, has been wiped out from that area. "Broad-leaved trees which protected the soil from the direct onslaught of rain have been removed, the soil washed away, and bare laterite soil left behind. Now nothing grows but a weed", says a farmer. Farmers also complain that rivers and rivulets dry up quicker, and that rainfall is becoming erratic. Diseases and insects earlier unknown are now attacking the crops.

In Chipko movement and Appiko movement, men, women and children saved the trees by :

Answer options

Q49:

Sustainable Economic Development

Easy

The Chipko Movement, aimed at protecting forests in the Himalayas. In Karnataka, a similar movement took a different name, 'Appiko', which means to hug. On 8 September 1983, when the felling of trees was started in Salkani forest in Sirsi district, 160 men, women and children hugged the trees and forced the woodcutters to leave. They kept vigil in the forest over the next six weeks. Only after the forest officials assured the volunteers that the trees will be cut scientifically and in accordance with the working plan of the district, did they leave the trees.

When commercial felling by contractors damaged a large number of natural forests, the idea of hugging the trees gave the people hope and confidence that they can protect the forests. On that particular incident, with the felling discontinued, the people saved 12,000 trees. Within months, this movement spread to many adjoining districts.

Indiscriminate felling of trees for fuel wood and for industrial use has led to many environmental problems. Twelve years after setting up of a paper mill in Uttar Kanara area, bamboo, has been wiped out from that area. "Broad-leaved trees which protected the soil from the direct onslaught of rain have been removed, the soil washed away, and bare laterite soil left behind. Now nothing grows but a weed", says a farmer. Farmers also complain that rivers and rivulets dry up quicker, and that rainfall is becoming erratic. Diseases and insects earlier unknown are now attacking the crops.

Setting up of paper mills in different areas using bamboo as raw material leads to the soil becoming;

Answer options

Q50:

Sustainable Economic Development

Easy

The Chipko Movement, aimed at protecting forests in the Himalayas. In Karnataka, a similar movement took a different name, 'Appiko', which means to hug. On 8 September 1983, when the felling of trees was started in Salkani forest in Sirsi district, 160 men, women and children hugged the trees and forced the woodcutters to leave. They kept vigil in the forest over the next six weeks. Only after the forest officials assured the volunteers that the trees will be cut scientifically and in accordance with the working plan of the district, did they leave the trees.

When commercial felling by contractors damaged a large number of natural forests, the idea of hugging the trees gave the people hope and confidence that they can protect the forests. On that particular incident, with the felling discontinued, the people saved 12,000 trees. Within months, this movement spread to many adjoining districts.

Indiscriminate felling of trees for fuel wood and for industrial use has led to many environmental problems. Twelve years after setting up of a paper mill in Uttar Kanara area, bamboo, has been wiped out from that area. "Broad-leaved trees which protected the soil from the direct onslaught of rain have been removed, the soil washed away, and bare laterite soil left behind. Now nothing grows but a weed", says a farmer. Farmers also complain that rivers and rivulets dry up quicker, and that rainfall is becoming erratic. Diseases and insects earlier unknown are now attacking the crops.

Indiscriminate felling of trees for industrial use has led to the problem of :

Answer options

CUET Economics 2023 28 May Shift 2 Past Year Question Paper

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