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Q1:

CUET Economics 2023 Slot 3

Indian Economic Development > Sustainable Economic Development

Easy

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Infrastructure | (I) Airports, Power, Hospitals | | (B) Commercial Source of Energy | (II) AYUSH | | (C) Indian System of Medicine | (III) Firewood, Agricultural waste | | (D) Non-Commercial Source of Energy | (IV) Coal, Petroleum & Electricity | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q2:

CUET Economics 2023 Slot 3

Macro > Balance of Payments

Easy

More foreign currency will flow into the home country when :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q3:

CUET Economics 2023 Slot 3

Macro > Money & Banking

Medium

When in the Economic, Bank rate decrease, Arrange the following statements relating to change in bank rate in the sequencing order : (A) Loans taken by commercial bank become cheaper (B) Increases money supply (C) Bank rate is decreased by RBI (D) Reserves held by commercial banks increases Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q4:

CUET Economics 2023 Slot 3

Macro > National Income

Easy

What will be the GDP by Income Method in crore ? | | Firm A | Firm B | |---|---|---| | Wages | 20 | 60 | | Profits | 30 | 90 |

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q5:

CUET Economics 2023 Slot 3

Micro > Consumer Behaviour

Easy

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Indifference curve | (I) Shows various combination of two goods that give the same utility to the consumer | | (B) Production possibility curve | (II) Shows various combination of two goods that can be produced by an economy | | (C) Budget line | (III) Shows various combination of two goods that can be purchased by the consumer | | (D) Demand curve | (IV) Shows inverse relationship between price of the given commodity & its quantity demanded | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q6:

CUET Economics 2023 Slot 3

Indian Economic Development > Rural Development

Medium

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Swarna Jayanti Shahari Rozgar Yojana (SJSRY) | (I) Encourage saving and lending among members as small loans | | (B) Self Help Groups (SHGs) | (II) Self employment in urban areas | | (C) Work for a minimum of 100 days in a year | (III) Pradhan Mantri Jan Dhan Yojna | | (D) Transfer of subsidies to account holder directly | (IV) MNREGA | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q7:

CUET Economics 2023 Slot 3

Macro > National Income

Medium

Net National Product at factor cost (NNP_FC) is defined as :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q8:

CUET Economics 2023 Slot 3

Indian Economic Development > Rural Development

Hard

Arrange the following statements occuring in India in the proper sequence : (A) Parliament passes Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) (B) Setting up of NABARD (C) Saansad Adarsh Gram Yojana (SAGY) launched (D) Initiation of Food for Work Programme Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q9:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

Under British rule, basic infrastructures such as railways, ports, water transport were developed. The real motive behind this is :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q10:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Medium

Arrange the following related to Indian economy in sequence of their occurrence : (A) First Industrial Policy Resolution (B) Setting up of Planning Commission (C) Adoption of New Economic Policy (D) Recommendation by Education Commission that atleast 6 percent of GDP should be spent on education (E) Parliament passed a new Act to provide guaranteed wage employment to every rural household Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q11:

CUET Economics 2023 Slot 3

Macro > National Income

Easy

The Household receive transfer payments from Government and firms (Pension, Scholarship, Prizes, etc.) They are a part of :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q12:

CUET Economics 2023 Slot 3

Indian Economic Development > Rural Development

Easy

The National Bank for Agriculture & Rural Development (NABARD) was set-up as an apex body to :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q13:

CUET Economics 2023 Slot 3

Micro > Consumer Behaviour

Easy

A good that is considered to be inferior to a consumer, may be observed as normal good to the another consumer. This is due to

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q14:

CUET Economics 2023 Slot 3

Indian Economic Development > Rural Development

Easy

Which among the following was set up in 1982 as an apex body to coordinate the activities of all institutions involved in the rural financing system ?

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q15:

CUET Economics 2023 Slot 3

Macro > Government Budget

Medium

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Revenue Receipts | (I) Expense on functions of government | | (B) Capital Expenditure | (II) Disinvestment | | (C) Capital Receipts | (III) Tax Revenue | | (D) Revenue Expenditure | (IV) Expenses on building and machinery | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q16:

CUET Economics 2023 Slot 3

Macro > Balance of Payments

Medium

Which of the following are the components of current Account ? (A) Trade in Services (B) Trade in Goods (C) Investment (D) External borrowings (E) External Assistance Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q17:

CUET Economics 2023 Slot 3

Macro > Balance of Payments

Hard

Arrange the following statements in correct sequence relating to change in exchange. (A) The Central Bank intervenes to purchase dollars rate between Dollars and Rupee in the foreign exchange market. (B) The government sets the exchange rate above the equilibrium exchange rate. (C) This will absorb the excess supply of dollars in the foreign exchange market. (D) It will result in excess supply of dollars in the foreign exchange market. Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q18:

CUET Economics 2023 Slot 3

Micro > Introduction

Medium

Identify the impact of unemployment on PPC (Production Possibility Curve).

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q19:

CUET Economics 2023 Slot 3

Macro > National Income

Easy

Addition to the stock of capital of a firm is known as :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q20:

CUET Economics 2023 Slot 3

Macro > Money & Banking

Easy

The ratio of money held by the public in currency to that held as deposits in commercial banks is called .

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q21:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience of India

Medium

The Great leap forward campaign initiated by China aiming :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q22:

CUET Economics 2023 Slot 3

Macro > National Income

Easy

Accounting of National Income at constant price is called :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q23:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Medium

Poverty can be eradicated from India when the poor also start contributing to growth by their active involvement in the growth process. This is possible through :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q24:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Medium

__________ was the first to discuss the concept of poverty line, during the Independent India.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q25:

CUET Economics 2023 Slot 3

Macro > Money & Banking

Easy

"The ratio of total money supply to the stock of high powered money in an economy" is referred to :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q26:

CUET Economics 2023 Slot 3

Indian Economic Development > Sustainable Economic Development

Medium

Which of the following are the functions performed by the environment ? (A) Provides aesthetic services (B) Sustains life (C) Supplies renewable resources (D) Decreases poverty (E) Supplies non-renewable resources Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q27:

CUET Economics 2023 Slot 3

Micro > Introduction

Easy

"An enquiry into the nature and cause of the wealth of Nations" is authored by :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q28:

CUET Economics 2023 Slot 3

Indian Economic Development > Employment

Easy

There has been rapid growth in the gross domestic product, but without simultaneous increase in employment opportunities. This is known as __________ growth.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q29:

CUET Economics 2023 Slot 3

Micro > Introduction

Easy

__________ gives rise to the problem of choice.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q30:

CUET Economics 2023 Slot 3

Macro > Government Budget

Easy

Disinvestment of Public Sector Undertakings, is a part of __________.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q31:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience of India

Medium

Which of the following was not the result of one-child norm introduced in China ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q32:

CUET Economics 2023 Slot 3

Indian Economic Development > Sustainable Economic Development

Medium

Arrange the following energy sources in India in highest to lowest order in terms of their share in energy : (A) Renewable Energy (B) Thermal Power (C) Nuclear Power (D) Hydro Power Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q33:

CUET Economics 2023 Slot 3

Micro > Consumer Behaviour

Medium

If ratio between the change in price & change in quantity demanded is 0.25. The consumer demands 100 units at an initial price of Rs 10 per unit. Calculate the price elasticity of demand.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q34:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Medium

Deficit Demand Occurs when : (A) Equilibrium level of output is less than full employment level (B) When AD < AS (Aggregate Demand less than Aggregate Supply) (C) When output decreases (D) Demand is not enough to employ all factors of production (E) Prices will decline in the long run Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q35:

CUET Economics 2023 Slot 3

Macro > Government Budget

Easy

Revenue Deficit is

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q36:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience of India

Medium

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Structural Reforms in China | (I) 1988 | | (B) Structural Reforms in Pakistan | (II) 1991 | | (C) Structural Reforms in India | (III) 1978 | | (D) People's Republic of China | (IV) 1949 | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q37:

CUET Economics 2023 Slot 3

Indian Economic Development > Human Capital Formation

Easy

Among the following which are the sources of Human Capital ? (A) Health (B) Education (C) Training (D) Migration (E) Information Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q38:

CUET Economics 2023 Slot 3

Macro > Money & Banking

Easy

If Cash Reserve Ratio is 20%, what will be the value of money multiplier ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q39:

CUET Economics 2023 Slot 3

Macro > National Income

Medium

To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q40:

CUET Economics 2023 Slot 3

Macro > Balance of Payments

Medium

What are the major components of capital Account among the following ? (A) Bank Deposits (B) Investment (C) External Borrowings (D) External Assistance Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q41:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Easy

If all the people in the economy increase the proportion of income they save (i.e. is the MPS of the economy increases) then the total value of savings in the economy will not increase, it will either decline or remain unchanged. This result is known as Paradox of Thrift, which states that as people become more thrifty, they end up saving less or same as before. When there is an information about some impending disaster or imminent war, people suddenly become thrifty and MPS of the economy increases, which leads to a decrease in MPC This sudden decrease in MPC will imply a decrease in aggregate consumption and hence in aggregate demand. This can be regarded as autonomous reduction in consumption expenditure. As aggregate demand decreases stocks are piling up in warehouses and producers decide to cut value of production.

The Paradox of Thrift means :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q42:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Easy

If all the people in the economy increase the proportion of income they save (i.e. is the MPS of the economy increases) then the total value of savings in the economy will not increase, it will either decline or remain unchanged. This result is known as Paradox of Thrift, which states that as people become more thrifty, they end up saving less or same as before. When there is an information about some impending disaster or imminent war, people suddenly become thrifty and MPS of the economy increases, which leads to a decrease in MPC This sudden decrease in MPC will imply a decrease in aggregate consumption and hence in aggregate demand. This can be regarded as autonomous reduction in consumption expenditure. As aggregate demand decreases stocks are piling up in warehouses and producers decide to cut value of production.

If all the people in economy increase savings, what will happen in the economy ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q43:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Easy

If all the people in the economy increase the proportion of income they save (i.e. is the MPS of the economy increases) then the total value of savings in the economy will not increase, it will either decline or remain unchanged. This result is known as Paradox of Thrift, which states that as people become more thrifty, they end up saving less or same as before. When there is an information about some impending disaster or imminent war, people suddenly become thrifty and MPS of the economy increases, which leads to a decrease in MPC This sudden decrease in MPC will imply a decrease in aggregate consumption and hence in aggregate demand. This can be regarded as autonomous reduction in consumption expenditure. As aggregate demand decreases stocks are piling up in warehouses and producers decide to cut value of production.

If MPS in the economy increases, what will be the effect on MPC of economy ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q44:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Easy

If all the people in the economy increase the proportion of income they save (i.e. is the MPS of the economy increases) then the total value of savings in the economy will not increase, it will either decline or remain unchanged. This result is known as Paradox of Thrift, which states that as people become more thrifty, they end up saving less or same as before. When there is an information about some impending disaster or imminent war, people suddenly become thrifty and MPS of the economy increases, which leads to a decrease in MPC This sudden decrease in MPC will imply a decrease in aggregate consumption and hence in aggregate demand. This can be regarded as autonomous reduction in consumption expenditure. As aggregate demand decreases stocks are piling up in warehouses and producers decide to cut value of production.

What will be the effect on stocks when aggregate demand decreases ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q45:

CUET Economics 2023 Slot 3

Macro > Income & Employment

Easy

If all the people in the economy increase the proportion of income they save (i.e. is the MPS of the economy increases) then the total value of savings in the economy will not increase, it will either decline or remain unchanged. This result is known as Paradox of Thrift, which states that as people become more thrifty, they end up saving less or same as before. When there is an information about some impending disaster or imminent war, people suddenly become thrifty and MPS of the economy increases, which leads to a decrease in MPC This sudden decrease in MPC will imply a decrease in aggregate consumption and hence in aggregate demand. This can be regarded as autonomous reduction in consumption expenditure. As aggregate demand decreases stocks are piling up in warehouses and producers decide to cut value of production.

What will be the effect on Aggregate Demand when MPC decreases ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q46:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

At the time of Independence, about 75 percent of the India's population was dependent on agriculture. Productivity in the agricultural sector was very low because of the use of old technology and the absence of required infrastructure for the vast majority of farmers. The stagnation in agriculture during the colonial rule was permanently broken by Green Revolution. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) of seeds especially for wheat and rice. The first phase of green revolution (approx. mid 1960s up to mid 1970) was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. The spread of green revolution technology enabled India to achieve self sufficiency in food grains.

What percent of India's population was dependent on agriculture at the time of Independence ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q47:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

At the time of Independence, about 75 percent of the India's population was dependent on agriculture. Productivity in the agricultural sector was very low because of the use of old technology and the absence of required infrastructure for the vast majority of farmers. The stagnation in agriculture during the colonial rule was permanently broken by Green Revolution. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) of seeds especially for wheat and rice. The first phase of green revolution (approx. mid 1960s up to mid 1970) was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. The spread of green revolution technology enabled India to achieve self sufficiency in food grains.

The First Phase of Green Revolution was from :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q48:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

At the time of Independence, about 75 percent of the India's population was dependent on agriculture. Productivity in the agricultural sector was very low because of the use of old technology and the absence of required infrastructure for the vast majority of farmers. The stagnation in agriculture during the colonial rule was permanently broken by Green Revolution. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) of seeds especially for wheat and rice. The first phase of green revolution (approx. mid 1960s up to mid 1970) was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. The spread of green revolution technology enabled India to achieve self sufficiency in food grains.

HYV seeds were used ?

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q49:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

At the time of Independence, about 75 percent of the India's population was dependent on agriculture. Productivity in the agricultural sector was very low because of the use of old technology and the absence of required infrastructure for the vast majority of farmers. The stagnation in agriculture during the colonial rule was permanently broken by Green Revolution. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) of seeds especially for wheat and rice. The first phase of green revolution (approx. mid 1960s up to mid 1970) was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. The spread of green revolution technology enabled India to achieve self sufficiency in food grains.

Green Revolution were restricted to the following states. Choose the correct option from below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q50:

CUET Economics 2023 Slot 3

Indian Economic Development > Development Experience (1947-90)

Easy

At the time of Independence, about 75 percent of the India's population was dependent on agriculture. Productivity in the agricultural sector was very low because of the use of old technology and the absence of required infrastructure for the vast majority of farmers. The stagnation in agriculture during the colonial rule was permanently broken by Green Revolution. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) of seeds especially for wheat and rice. The first phase of green revolution (approx. mid 1960s up to mid 1970) was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. The spread of green revolution technology enabled India to achieve self sufficiency in food grains.

What was the benefit of Green Revolution in India ?

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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