Q1:
29 May Shift 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.
Correct Answer
Option 2
Correct Answer
CUET Economics 2023 29 May Shift 2 PYQs
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Q2:
29 May Shift 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:
Correct Answer
Option 2
Correct Answer
Q3:
29 May Shift 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:
Correct Answer
Option 2
Correct Answer
Q4:
29 May Shift 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:
Correct Answer
Option 1
Correct Answer
Q5:
29 May Shift 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:
Correct Answer
Option 2
Correct Answer
Q6:
29 May Shift 2
Macro > Government Budget
Easy
Which one is not the objective of government budget?
Correct Answer
Option 3
Correct Answer
Q7:
29 May Shift 2
Indian Economic Development > Development Experience of India
Easy
Which of the following has highest FDI ?
Correct Answer
Option 2
Correct Answer
Q8:
29 May Shift 2
Macro > Balance of Payments
Medium
Which of the following statement is true about Autonomous transactions?
Correct Answer
Option 4
Correct Answer
Q9:
29 May Shift 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:
Correct Answer
Option 3
Correct Answer
Q10:
29 May Shift 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:
Correct Answer
Option 3
Correct Answer
Q11:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
Q12:
29 May Shift 2
Macro > Balance of Payments
Easy
People demand foreign exchange because:
Correct Answer
Option 1
Correct Answer
Q13:
29 May Shift 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:
Correct Answer
Option 3
Correct Answer
Q14:
29 May Shift 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 |
Correct Answer
Option 1
Correct Answer
Q15:
29 May Shift 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.
Correct Answer
Option 2
Correct Answer
Q16:
29 May Shift 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.
Correct Answer
Option 1
Correct Answer
Q17:
29 May Shift 2
Macro > Income & Employment
Easy
C=40+0.8Y and I =10, then what will be the equilibrium level of income?
Correct Answer
Option 4
Correct Answer
Q18:
29 May Shift 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
Correct Answer
Option 4
Correct Answer
Q19:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
Q20:
29 May Shift 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:
Correct Answer
Option 2
Correct Answer
Q21:
29 May Shift 2
Indian Economic Development > Human Capital Formation
Easy
Which of the following is not true about the benefits of education?
Correct Answer
Option 1
Correct Answer
Q22:
29 May Shift 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:
Correct Answer
Option 1
Correct Answer
Q23:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
Q24:
29 May Shift 2
Indian Economic Development > Rural Development
Easy
The apex body that coordinates the activities of all institution involved in the rural financing system is:
Correct Answer
Option 4
Correct Answer
Q25:
29 May Shift 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:
Correct Answer
Option 3
Correct Answer
Q26:
29 May Shift 2
Macro > Balance of Payments
Medium
When nation is a borrower from other countries means:
Correct Answer
Option 2
Correct Answer
Q27:
29 May Shift 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.
Correct Answer
Option 4
Correct Answer
Q28:
29 May Shift 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.
Correct Answer
Option 3
Correct Answer
Q29:
29 May Shift 2
Micro > Consumer Behaviour
Easy
Elasticity of Demand is given by the formula.
Correct Answer
Option 2
Correct Answer
Q30:
29 May Shift 2
Indian Economic Development > Employment
Easy
The Process of moving from self - employment and regular salaried employment to casual wage work is known as:
Correct Answer
Option 1
Correct Answer
Q31:
29 May Shift 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.
Correct Answer
Option 3
Correct Answer
Q32:
29 May Shift 2
Macro > Income & Employment
Easy
A country's consumption function described as C=500+ 0.7 Y the Autonomous consumption
Correct Answer
Option 2
Correct Answer
Q33:
29 May Shift 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
Correct Answer
Option 3
Correct Answer
Q34:
29 May Shift 2
Micro > Introduction
Easy
How will the earthquake in Turkey affect the production possibility curve of their economy?
Correct Answer
Option 2
Correct Answer
Q35:
29 May Shift 2
Macro > Government Budget
Medium
Escheat is an example of:
Correct Answer
Option 2
Correct Answer
Q36:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
Q37:
29 May Shift 2
Indian Economic Development > Rural Development
Easy
The benefit of organic farming is.
Correct Answer
Option 2
Correct Answer
Q38:
29 May Shift 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 ?
Correct Answer
Option 2
Correct Answer
Q39:
29 May Shift 2
Macro > Income & Employment
Easy
Identify the symbol that is used to denote autonomous consumption.
Correct Answer
Option 1
Correct Answer
Q40:
29 May Shift 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:
Correct Answer
Option 2
Correct Answer
Q41:
29 May Shift 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.
Correct Answer
Option 2
Correct Answer
Q42:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
Q43:
29 May Shift 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?
Correct Answer
Option 4
Correct Answer
Q44:
29 May Shift 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?
Correct Answer
Option 2
Correct Answer
Q45:
29 May Shift 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?
Correct Answer
Option 4
Correct Answer
Q46:
29 May Shift 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?
Correct Answer
Option 2
Correct Answer
Q47:
29 May Shift 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.
Correct Answer
Option 3
Correct Answer
Q48:
29 May Shift 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.
Correct Answer
Option 1
Correct Answer
Q49:
29 May Shift 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?
Correct Answer
Option 3
Correct Answer
Q50:
29 May Shift 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:
Correct Answer
Option 4
Correct Answer
CUET Economics 2023 29 May Shift 2 - Past Year Questions
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