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Q1:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

In case of an unexpected fall in turnover of a firm, who is producing a certain commodity. There will a situation of _______________ Choose the correct option.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q2:

CUET Economics 2023 Slot 2

Indian Economic Development > Rural Development

Medium

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | NABARD | I. | Women-oriented community based poverty reduction program | | B. | Kudumbashree | II. | Uses the mixed crop-live stock farming system | | C. | Animal Husbandary | III. | HYV seeds, chemical fertilisers, | | D. | Organic farming | IV. | Set up in 1982 | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q3:

CUET Economics 2023 Slot 2

Indian Economic Development > Employment

Easy

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Growth in GDP without generating employment | I. | Formal Sector | | B. | Process of moving self employment and regular salaried to casual wage work | II. | Jobless Growth | | C. | All establishments which employ 10 hired workers or more | III. | Casualization of work force | | D. | Increases in proportion of workforce in informal sector | IV. | Informalization of work force | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q4:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Medium

Chronologically arrange the following events. A. Announcement of Demonetisation B. Circulation of Fake Currency C. Rs 500 and 1000 Notes lost legal tender D. Impact on Economic Activities E. New Rs 2000 Currency Note in the circulation Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q5:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience (1947-90)

Hard

Arrange the following in order of occurrance. A. Green Revolution B. Setting up of Planning Commission C. Resolution which formed on the basis of second Five Year Plan D. Exchange rate was made fully convertable for Current Accounts E. Karve Committee Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q6:

CUET Economics 2023 Slot 2

Macro > Government Budget

Easy

Which one is not the objective of government budget?

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q7:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience of India

Easy

Which of the following has highest FDI ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q8:

CUET Economics 2023 Slot 2

Macro > Balance of Payments

Medium

Which of the following statement is true about Autonomous transactions?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q9:

CUET Economics 2023 Slot 2

Indian Economic Development > Employment

Easy

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Regular salaried employees | I. | Common form of unemployment in rural India | | B. | Self employed | II. | Assurance of minimum 100 days employment | | C. | MNREGA | III. | Who own and operate an enterprise to earn their livelihood | | D. | Disguised unemployment | IV. | Permanent workers employment | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q10:

CUET Economics 2023 Slot 2

Indian Economic Development > Sustainable Economic Development

Medium

Arrange the following events in proper sequence. A. Ultra violet radiation causes skin cancer B. High levels of chlorine and bromine compounds in the stratosphere C. Fridge brought to the house D. Chlorofluoro carbons used as cooling agent E. Depletion of ozone layer Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q11:

CUET Economics 2023 Slot 2

Indian Economic Development > Economic Reforms (1991)

Easy

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Reduction in value of currency | I. | Disinvestment | | B. | Dilution of share in organisation | II. | Inflation | | C. | Restriction on trade by taxes | III. | Devaluation | | D. | Rise in General price level | IV. | Tarrif Barriers | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q12:

CUET Economics 2023 Slot 2

Macro > Balance of Payments

Easy

People demand foreign exchange because:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q13:

CUET Economics 2023 Slot 2

Macro > National Income

Medium

Arrange the following operations in a sequential manner in order to calculate $NNP_{FC}$ from $GDP_{MP}$ A. $GDP_{MP}$ - Net Indirect Taxes B. $NDP_{FC}$ + Net Factor Income From Abroad C. $GDP_{FC}$ - Depreciation Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q14:

CUET Economics 2023 Slot 2

Macro > Government Budget

Medium

From the following data, Calculate Primary Deficit. | | Rs (crore) | |---|---| | Revenue expenditure | 22,250 | | Capital expenditure | 28,000 | | Revenue receipts | 17,750 | | Capital receipts (net of borrowing) | 20,000 | | Interest payment | 5,000 | | Borrowings | 12,500 |

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q15:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience of India

Medium

In 1970 Pakistan Introduced nationalisation of Capital Good industries, but later due to international pressure they shifted the policy to.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q16:

CUET Economics 2023 Slot 2

Indian Economic Development > Economic Reforms (1991)

Easy

_________ measures are _________ measures intended to correct some of weaknesses that have developed in the Balance of payment.

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q17:

CUET Economics 2023 Slot 2

Macro > Income & Employment

Easy

C=40+0.8Y and I =10, then what will be the equilibrium level of income?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q18:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience of India

Easy

In China a campaign initiated in 1958 aimed at industrialising country on a massive scale people were encouraged to set up industries in their backyard. This campaign is called

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q19:

CUET Economics 2023 Slot 2

Indian Economic Development > Rural Development

Medium

The following is a part of Agriculture marketing system. A. Minimum Support Price B. Buffer Stock C. Micro Credit Programmes D. Public Distribution System Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q20:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Product will not pass through further transformation | I. | Capital Good | | B. | A product used as raw material or input for production | II. | Final Good | | C. | The good which enables for production on process | III. | Consumer Good | | D. | Goods purchased by ultimate consumer | IV. | Intermediate Goods | Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q21:

CUET Economics 2023 Slot 2

Indian Economic Development > Human Capital Formation

Easy

Which of the following is not true about the benefits of education?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q22:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Which of the following are correct statements related to stock and flow? A. Flows are defined over on 1st January B. Flows are defined over a period of time C. Flows and stocks are defined as a mutual understanding D. Stocks are defined from January to December E. Stocks are defined at a particular point of time Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q23:

CUET Economics 2023 Slot 2

Indian Economic Development > Employment

Medium

In what ways labour laws enable the workers to protect their rights. A. Providing more holidays B. Protection of wages C. Providing unemployment allowances D. Redress of grievances (compensation for loss) E. Right to organise and form trade unions Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q24:

CUET Economics 2023 Slot 2

Indian Economic Development > Rural Development

Easy

The apex body that coordinates the activities of all institution involved in the rural financing system is:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q25:

CUET Economics 2023 Slot 2

Indian Economic Development > Employment

Medium

Disadvantages of casualisation of workforce: A. No Paid leave B. No regular income C. No access to training D. Permission to take leave is not required E. Less working hours Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q26:

CUET Economics 2023 Slot 2

Macro > Balance of Payments

Medium

When nation is a borrower from other countries means:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q27:

CUET Economics 2023 Slot 2

Micro > Consumer Behaviour

Easy

"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q28:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience of India

Medium

"Growth refers to increase in the country's capacity of module the output of goods and services with in the country." Choose the incorrect option from the following in relation to Growth.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q29:

CUET Economics 2023 Slot 2

Micro > Consumer Behaviour

Easy

Elasticity of Demand is given by the formula.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q30:

CUET Economics 2023 Slot 2

Indian Economic Development > Employment

Easy

The Process of moving from self - employment and regular salaried employment to casual wage work is known as:

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q31:

CUET Economics 2023 Slot 2

Macro > Income & Employment

Medium

If C= X+0.6Y & Investment is Rs 1,500 Equilibrium level of income in economy would be 4050, find out the autonomous consumption.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q32:

CUET Economics 2023 Slot 2

Macro > Income & Employment

Easy

A country's consumption function described as C=500+ 0.7 Y the Autonomous consumption

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q33:

CUET Economics 2023 Slot 2

Micro > Consumer Behaviour

Medium

Suppose an Individual buys 15 units of good when its price is Rs 5 per unit. What will happen to his demand when price of the good increases to Rs 7 per unit and elasticity of demand for the good is 0.5

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q34:

CUET Economics 2023 Slot 2

Micro > Introduction

Easy

How will the earthquake in Turkey affect the production possibility curve of their economy?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q35:

CUET Economics 2023 Slot 2

Macro > Government Budget

Medium

Escheat is an example of:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q36:

CUET Economics 2023 Slot 2

Indian Economic Development > Development Experience (1947-90)

Hard

Choose the correct sequence from the following. A. British introduced railways in India B. Latest population census C. Population explosion according to 2nd stage of demographic transition theory D. Year of "Great Divide" E. First census conducted by British India Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q37:

CUET Economics 2023 Slot 2

Indian Economic Development > Rural Development

Easy

The benefit of organic farming is.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q38:

CUET Economics 2023 Slot 2

Indian Economic Development > Rural Development

Medium

A farmer want to take credit to meet his expenditure in agriculture inputs. Which of the following is not an institution he may approach for the credit ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q39:

CUET Economics 2023 Slot 2

Macro > Income & Employment

Easy

Identify the symbol that is used to denote autonomous consumption.

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q40:

CUET Economics 2023 Slot 2

Macro > Balance of Payments

Medium

Which of the following statements is true. If exchange rate changes from $1 = Rs 72 to Rs 81. A. Import will fall B. Import will rise C. Exports will rise D. National Income will rise E. National Income will fall Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q41:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Easy

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC. Which function of central Bank is refered to in the above paragraph.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q42:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Medium

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

As a bankers' bank, what is the role played by RBI? A. Custodian of cash reserves B. Maintain Foreign Exchange Reserves C. Currency Issue D. Lender of last resort E. Clearing house Choose the correct answer from the options given below:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q43:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Easy

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

How does RBI act as a supervisor to bank?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q44:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Easy

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

If all the depositors, one day come to withdraw all the cash, what would be role played by RBI?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q45:

CUET Economics 2023 Slot 2

Macro > Money & Banking

Medium

The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC.

Which of the following is correct statement?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q46:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Real GDP is calculated in a way such that goods and services are evaluated at some constant set of prices. Since these prices remain fixed, if the Real GDP changes we can be sure that it is the volume of production which is undergoing changes. Nominal GDP, on the other hand, is simply the value of GDP at the current prevailing prices.

When value of final goods and services are estimate at current price it is?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q47:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Real GDP is calculated in a way such that goods and services are evaluated at some constant set of prices. Since these prices remain fixed, if the Real GDP changes we can be sure that it is the volume of production which is undergoing changes. Nominal GDP, on the other hand, is simply the value of GDP at the current prevailing prices.

Real G.D.P. increases only when.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q48:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Real GDP is calculated in a way such that goods and services are evaluated at some constant set of prices. Since these prices remain fixed, if the Real GDP changes we can be sure that it is the volume of production which is undergoing changes. Nominal GDP, on the other hand, is simply the value of GDP at the current prevailing prices.

Keeping output constant nominal GDP increases because.

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q49:

CUET Economics 2023 Slot 2

Macro > National Income

Easy

Real GDP is calculated in a way such that goods and services are evaluated at some constant set of prices. Since these prices remain fixed, if the Real GDP changes we can be sure that it is the volume of production which is undergoing changes. Nominal GDP, on the other hand, is simply the value of GDP at the current prevailing prices.

Which G.D.P. is the indicator of growth and development of a country?

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q50:

CUET Economics 2023 Slot 2

Macro > National Income

Medium

Real GDP is calculated in a way such that goods and services are evaluated at some constant set of prices. Since these prices remain fixed, if the Real GDP changes we can be sure that it is the volume of production which is undergoing changes. Nominal GDP, on the other hand, is simply the value of GDP at the current prevailing prices.

If output in an economy is decreasing but G.D.P. of country is increasing which G.D.P. it is:

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

CUET Economics - Past Year Questions

Practice with our comprehensive collection of CUET Economics Past Year Questions (PYQs) with detailed solutions. No login required. We have created handwritten solutions for all CUET Economics questions for free!

CUET Economics Past Year Questions (Topic-Wise):

Indian Economic Development

  • Rural Development
  • Development Experience of India
  • Employment
  • Human Capital Formation
  • Economic Reforms (1991)
  • Poverty
  • Introduction
  • Sustainable Economic Development
  • Development Experience (1947-90)

Macro

  • Introduction
  • Government Budget
  • Balance of Payments
  • Income & Employment
  • National Income
  • Money & Banking

Micro

  • Consumer Behaviour
  • Production & Costs
  • Forms of Market
  • Introduction
  • Market Equilibrium
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