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ECO

Q1:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Easy

Which of the following is a problem associated with the policy of land ceiling ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q2:

CUET Economics 2023 Slot 5

Macro > National Income

Easy

Net Indirect tax refers to :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q3:

CUET Economics 2023 Slot 5

Macro > National Income

Easy

If we deduct depreciation from $GNP_{mp}$ the measure of aggregate income that we obtain is called :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q4:

CUET Economics 2023 Slot 5

Macro > Money & Banking

Easy

A fall in the bank rate __________ the money supply.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q5:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Easy

Which of the following is included in social infrastructure ?

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q6:

CUET Economics 2023 Slot 5

Macro > Government Budget

Easy

Which deficit includes only such transactions that affect the current income and expenditure of the government ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q7:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Medium

Match List - I with List - II. List - I | List - II (A) TISCO | (I) Per capita income (B) VKRV Rao | (II) Land settlement system (C) Zamindari | (III) Commercialisation of agriculture (D) Cash crops | (IV) Capital Goods Industry Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q8:

CUET Economics 2023 Slot 5

Macro > Government Budget

Easy

__________ is a revenue receipt of the Government.

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q9:

CUET Economics 2023 Slot 5

Macro > National Income

Medium

Match List - I with List - II. List - I | List - II (A) Indirect Tax | (I) GDP of India (B) Stock | (II) Corporate Tax (C) Flow | (III) Goods and Service Tax (D) Direct Tax | (IV) Natural Wealth of an Economy Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q10:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience of India

Medium

Put the following happenings in chronological order : (A) Economic reforms in India (B) First five year plan of Pakistan (C) One child policy in China (D) Economic reforms in Pakistan Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q11:

CUET Economics 2023 Slot 5

Macro > Balance of Payments

Medium

Profits obtained by a foreign firm's branch in India will be recorded on which side and in which account of balance of payment.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q12:

CUET Economics 2023 Slot 5

Micro > Consumer Behaviour

Medium

In the Linear Demand Curve AB, the elasticity of demand ($e_D$) at point D can be measured geometrically by the formula __________. <img src="https://balti.afterboards.in/gmpk8cyXpzXtuMm" width="300px"/>

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q13:

CUET Economics 2023 Slot 5

Indian Economic Development > Employment

Hard

Match List - I with List - II. List - I (Organisation/NGO) | List - II (Location) (A) SEWA | (I) New Delhi (B) Kashta Kari Sangathan | (II) Nilgiris (C) NCERT | (III) Ahmedabad (D) ACCORD | (IV) Thane Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q14:

CUET Economics 2023 Slot 5

Macro > National Income

Hard

Which of the following is a part of Domestic product of India ? (A) Gifts given by employer to his employees (B) Profits earned by branches of country's bank in other countries (C) Profits earned by foreign companies in India (D) Purchase of goods by foreign tourists Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q15:

CUET Economics 2023 Slot 5

Indian Economic Development > Human Capital Formation

Easy

In which year, the Indian Government made education free and compulsory for all children between 6 to 14 years ?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q16:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Hard

Arrange the following events related to identifying the poor in India in order of their occurrence : (A) Mahatma Gandhi National Rural Employment Guarantee Act (B) Task force on projections of minimum needs and effective consumption demand (C) Jan-Dhan Yojana (D) Planning commission formed a study group (E) Concept of "Jail cost of living" Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q17:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Hard

Arrange the following events on the basis of their occurrence in India during British rule : (A) Establishment of Tata Airlines (B) Shift to second stage of demographic transition (C) First population census (D) Incorporation of TISCO (E) Opening of Suez canal Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q18:

CUET Economics 2023 Slot 5

Macro > Government Budget

Easy

Identify the correct option. Full form of 'ITC' in Indian Tax Context.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q19:

CUET Economics 2023 Slot 5

Macro > Government Budget

Medium

Which of the following are sources of revenue expenditure by the Government ? (A) Repayment of loans (B) Expenditure on Defence services (C) Central assistance for states (D) Interest payments (E) Lending to commercial banks Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q20:

CUET Economics 2023 Slot 5

Macro > Balance of Payments

Easy

The shape of supply curve of foreign exchange is :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q21:

CUET Economics 2023 Slot 5

Macro > National Income

Easy

__________ refer to the benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised).

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q22:

CUET Economics 2023 Slot 5

Macro > Money & Banking

Easy

Calculate the total deposits made by commercial banks when the primary deposit is Rs. 20 Crores and cash reserve ratio is 20%. Choose the correct option.

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q23:

CUET Economics 2023 Slot 5

Macro > National Income

Medium

From the following data calculate net domestic product at factor cost. | S.No. | Item | Rs. crore | |-------|------|-----------| | (i) | Depreciation | 20 | | (ii) | Gross National Products at factor cost | 1000 | | (iii) | Net factor income from abroad | 30 | | (iv) | Net indirect taxes | 10 |

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q24:

CUET Economics 2023 Slot 5

Indian Economic Development > Economic Reforms (1991)

Medium

Match List - I with List - II. | List - I | List - II | | :--- | :--- | | (A) Maharatna | (I) Airports Authority of India | | (B) Navratna | (II) Steel Authority of India Limited | | (C) Miniratna | (III) Voice-based business processes | | (D) Outsourcing | (IV) Mahanagar Telephone Nigam Limited | Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q25:

CUET Economics 2023 Slot 5

Micro > Introduction

Easy

Identify normative statements from the following : (A) India has a high population (B) India should keep a control on population growth rate (C) High population hampers growth of any country (D) India should have more equitable distribution Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q26:

CUET Economics 2023 Slot 5

Micro > Consumer Behaviour

Easy

An explanation for a downward sloping demand curve rests on the notion of :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q27:

CUET Economics 2023 Slot 5

Macro > Balance of Payments

Easy

When autonomous receipts are less than autonomous payments. The balance of payments is in :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q28:

CUET Economics 2023 Slot 5

Indian Economic Development > Human Capital Formation

Easy

Identify the option that imply proneness to fall ill.

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q29:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Medium

Arrange the following events in their ascending order of occurrence : (A) Setting up of Planning Commission (B) The Indian leaders had to decide a suitable economic system for India (C) Introduction of Green Revolution in India (D) Year of Indian Independence (E) First Industrial Policy Resolution of India Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q30:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Easy

Consumption of 2400 calories in rural areas and 2100 calories in urban areas decide to draw the line which is called :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q31:

CUET Economics 2023 Slot 5

Macro > Balance of Payments

Easy

A __________ account deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q32:

CUET Economics 2023 Slot 5

Micro > Consumer Behaviour

Easy

A Consumer's total utility level being the same, the amount of good 'X' that the consumer has to forego, in order to get an additional unit of good Y is termed as :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q33:

CUET Economics 2023 Slot 5

Micro > Consumer Behaviour

Medium

Which of the following statements correctly describes the nature of indifference curve ? (A) Indifference curve slopes downwards from left to right (B) A lower indifference curve represents lower cost to consumer (C) A higher indifference curve gives higher level of satisfaction (D) Two indifference curves never intersect each other (E) Indifference curves are always parallel to each other Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q34:

CUET Economics 2023 Slot 5

Indian Economic Development > Sustainable Economic Development

Easy

Ozone depletion refers to the phenomenon of reduction in the amount of ozone is the __________.

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Correct Answer
Option 3
Correct Answer
Explanation →

Q35:

CUET Economics 2023 Slot 5

Micro > Introduction

Easy

Which of the following is not correct statement ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q36:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience (1947-90)

Easy

In 1955, Karve Committee noted the possibility of using __________ industries for promoting rural development.

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Correct Answer
Option 4
Correct Answer
Explanation →

Q37:

CUET Economics 2023 Slot 5

Indian Economic Development > Economic Reforms (1991)

Easy

Demonetisation in India was taken up by the government in :

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q38:

CUET Economics 2023 Slot 5

Micro > Introduction

Easy

Which central problem deals with choice of technology to be used for production ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q39:

CUET Economics 2023 Slot 5

Indian Economic Development > Economic Reforms (1991)

Medium

Match List - I with List - II. List - I (Policy tools) | List - II (Characteristics) (A) Disinvestment | (I) Hiring of regular services from External source (B) Out sourcing | (II) Integration of the economy of the country with the world economy (C) Globalisation | (III) To administer all multilateral trade agreements (D) GATT | (IV) Privatisation of the public enterprises by selling off part of public equity sector Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q40:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Medium

Find out correct one : (A) MPC is the change in consumption per unit change in income (B) MPS is the saving per unit of income (C) APC is the consumption per unit of income (D) APS is the change in saving per unit change in income Choose the correct answer from the options given below :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q41:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Easy

When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex ante consumption, ex ante investment, Government spending etc. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.

Ex ante consumption implies :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q42:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Easy

When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex ante consumption, ex ante investment, Government spending etc. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.

The shape of investment function when I is autonomous curve is represented through :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q43:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Easy

When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex ante consumption, ex ante investment, Government spending etc. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.

The 'Effective Demand Principle' states that aggregate output is determined solely by :

Answer options
Correct Answer
Option 3
Correct Answer
Explanation →

Q44:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Easy

When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex ante consumption, ex ante investment, Government spending etc. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.

Which of the following is not one of the components of aggregate demand in the economy ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q45:

CUET Economics 2023 Slot 5

Macro > Income & Employment

Easy

When, at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product market reaches its equilibrium. Aggregate demand for final goods consists of ex ante consumption, ex ante investment, Government spending etc. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume. For simplicity we assume a constant final goods price and constant rate of interest over short run to determine the level of aggregate demand for final goods in the economy. We also assume that the aggregate supply is perfectly elastic at this price. Under such circumstances, aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount through the multiplier process.

The value of investment multiplier in an economy is determined by :

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q46:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience of India

Medium

Some selected indicators of Human Development, 2016-2017 | Item | India | China | Pakistan | |------|-------|-------|----------| | Human Development Index (value) | 0.640 | 0.752 | 0.562 | | Rank (based on HDI) | 130 | 86 | 150 | | Life Expectancy at Birth (years) | 68.8 | 76.4 | 66.6 | | Mean years of Schooling (% aged 15 and above) | 6.4 | 7.8 | 8.6 | | GDP per capita (PPP US$) | 6,427 | 15,309 | 5,035 | | People below poverty line (at $3.20 a day PPP) (%) (2011) | 60.4 | 23.5 | 46.4 | | Infant Mortality Rate (per 1000 live births) | 34.6 | 8.5 | 64.2 | | Maternal Mortality Rate (per 1 lakh births) | 174 | 27 | 178 | | Population using Improved Sanitation (%) | 44.2 | 75 | 58.3 | | Population with sustainable access to improved water source (%) | 94 | 96 | 91 | | Percentage of Undernourished Children | 37.9 | 8.1 | 46.4 |

Identify the incorrect statement :

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q47:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience of India

Hard

Some selected indicators of Human Development, 2016-2017 | Item | India | China | Pakistan | |------|-------|-------|----------| | Human Development Index (value) | 0.640 | 0.752 | 0.562 | | Rank (based on HDI) | 130 | 86 | 150 | | Life Expectancy at Birth (years) | 68.8 | 76.4 | 66.6 | | Mean years of Schooling (% aged 15 and above) | 6.4 | 7.8 | 8.6 | | GDP per capita (PPP US$) | 6,427 | 15,309 | 5,035 | | People below poverty line (at $3.20 a day PPP) (%) (2011) | 60.4 | 23.5 | 46.4 | | Infant Mortality Rate (per 1000 live births) | 34.6 | 8.5 | 64.2 | | Maternal Mortality Rate (per 1 lakh births) | 174 | 27 | 178 | | Population using Improved Sanitation (%) | 44.2 | 75 | 58.3 | | Population with sustainable access to improved water source (%) | 94 | 96 | 91 | | Percentage of Undernourished Children | 37.9 | 8.1 | 46.4 |

Which of the following Liberty Indicator has been added as a measure of the Human Development Index ?

Answer options
Correct Answer
Option 1
Correct Answer
Explanation →

Q48:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience of India

Medium

Some selected indicators of Human Development, 2016-2017 | Item | India | China | Pakistan | |------|-------|-------|----------| | Human Development Index (value) | 0.640 | 0.752 | 0.562 | | Rank (based on HDI) | 130 | 86 | 150 | | Life Expectancy at Birth (years) | 68.8 | 76.4 | 66.6 | | Mean years of Schooling (% aged 15 and above) | 6.4 | 7.8 | 8.6 | | GDP per capita (PPP US$) | 6,427 | 15,309 | 5,035 | | People below poverty line (at $3.20 a day PPP) (%) (2011) | 60.4 | 23.5 | 46.4 | | Infant Mortality Rate (per 1000 live births) | 34.6 | 8.5 | 64.2 | | Maternal Mortality Rate (per 1 lakh births) | 174 | 27 | 178 | | Population using Improved Sanitation (%) | 44.2 | 75 | 58.3 | | Population with sustainable access to improved water source (%) | 94 | 96 | 91 | | Percentage of Undernourished Children | 37.9 | 8.1 | 46.4 |

Pakistan has faired better than India on which of the following indices ?

Answer options
Correct Answer
Option 4
Correct Answer
Explanation →

Q49:

CUET Economics 2023 Slot 5

Indian Economic Development > Development Experience of India

Easy

Some selected indicators of Human Development, 2016-2017 | Item | India | China | Pakistan | |------|-------|-------|----------| | Human Development Index (value) | 0.640 | 0.752 | 0.562 | | Rank (based on HDI) | 130 | 86 | 150 | | Life Expectancy at Birth (years) | 68.8 | 76.4 | 66.6 | | Mean years of Schooling (% aged 15 and above) | 6.4 | 7.8 | 8.6 | | GDP per capita (PPP US$) | 6,427 | 15,309 | 5,035 | | People below poverty line (at $3.20 a day PPP) (%) (2011) | 60.4 | 23.5 | 46.4 | | Infant Mortality Rate (per 1000 live births) | 34.6 | 8.5 | 64.2 | | Maternal Mortality Rate (per 1 lakh births) | 174 | 27 | 178 | | Population using Improved Sanitation (%) | 44.2 | 75 | 58.3 | | Population with sustainable access to improved water source (%) | 94 | 96 | 91 | | Percentage of Undernourished Children | 37.9 | 8.1 | 46.4 |

Which of the following are not included in health indicators ?

Answer options
Correct Answer
Option 2
Correct Answer
Explanation →

Q50:

CUET Economics 2023 Slot 5

Indian Economic Development > Human Capital Formation

Easy

Some selected indicators of Human Development, 2016-2017 | Item | India | China | Pakistan | |------|-------|-------|----------| | Human Development Index (value) | 0.640 | 0.752 | 0.562 | | Rank (based on HDI) | 130 | 86 | 150 | | Life Expectancy at Birth (years) | 68.8 | 76.4 | 66.6 | | Mean years of Schooling (% aged 15 and above) | 6.4 | 7.8 | 8.6 | | GDP per capita (PPP US$) | 6,427 | 15,309 | 5,035 | | People below poverty line (at $3.20 a day PPP) (%) (2011) | 60.4 | 23.5 | 46.4 | | Infant Mortality Rate (per 1000 live births) | 34.6 | 8.5 | 64.2 | | Maternal Mortality Rate (per 1 lakh births) | 174 | 27 | 178 | | Population using Improved Sanitation (%) | 44.2 | 75 | 58.3 | | Population with sustainable access to improved water source (%) | 94 | 96 | 91 | | Percentage of Undernourished Children | 37.9 | 8.1 | 46.4 |

Human Development is the result of investment in which of the following ? (A) Land (B) Infrastructure (C) Health (D) Training (E) Education Choose the correct answer from the options given below :

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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