Q1:

Development Experience (1947-90)

Easy

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

Answer options

Q3:

National Income

Easy

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

Answer options

Q6:

Government Budget

Easy

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

Answer options

Q7:

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

Q8:

Government Budget

Easy

__________ is a revenue receipt of the Government.

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Q9:

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

Q10:

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

Q11:

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

Q12:

Consumer Behaviour

Medium

In the Linear Demand Curve AB, the elasticity of demand (eDe_D) at point D can be measured geometrically by the formula __________.

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Q13:

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

Q14:

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

Q15:

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

Q16:

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

Q17:

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

Q19:

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

Q20:

Balance of Payments

Easy

The shape of supply curve of foreign exchange is :

Answer options

Q21:

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

Q22:

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

Q23:

National Income

Medium

From the following data calculate net domestic product at factor cost.

S.No.ItemRs. crore
(i)Depreciation20
(ii)Gross National Products at factor cost1000
(iii)Net factor income from abroad30
(iv)Net indirect taxes10
Answer options

Q24:

Economic Reforms (1991)

Medium

Match List - I with List - II.

List - IList - 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

Q25:

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

Q26:

Consumer Behaviour

Easy

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

Answer options

Q29:

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

Q30:

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

Q31:

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

Q32:

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

Q33:

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

Q34:

Sustainable Economic Development

Easy

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

Answer options

Q35:

Introduction

Easy

Which of the following is not correct statement ?

Answer options

Q36:

Development Experience (1947-90)

Easy

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

Answer options

Q38:

Introduction

Easy

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

Answer options

Q39:

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

Q40:

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

Q41:

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

Q42:

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

Q43:

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

Q44:

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

Q45:

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

Q46:

Development Experience of India

Medium

Some selected indicators of Human Development, 2016-2017

ItemIndiaChinaPakistan
Human Development Index (value)0.6400.7520.562
Rank (based on HDI)13086150
Life Expectancy at Birth (years)68.876.466.6
Mean years of Schooling (% aged 15 and above)6.47.88.6
GDP per capita (PPP US$)6,42715,3095,035
People below poverty line (at $3.20 a day PPP) (%) (2011)60.423.546.4
Infant Mortality Rate (per 1000 live births)34.68.564.2
Maternal Mortality Rate (per 1 lakh births)17427178
Population using Improved Sanitation (%)44.27558.3
Population with sustainable access to improved water source (%)949691
Percentage of Undernourished Children37.98.146.4

Identify the incorrect statement :

Answer options

Q47:

Development Experience of India

Hard

Some selected indicators of Human Development, 2016-2017

ItemIndiaChinaPakistan
Human Development Index (value)0.6400.7520.562
Rank (based on HDI)13086150
Life Expectancy at Birth (years)68.876.466.6
Mean years of Schooling (% aged 15 and above)6.47.88.6
GDP per capita (PPP US$)6,42715,3095,035
People below poverty line (at $3.20 a day PPP) (%) (2011)60.423.546.4
Infant Mortality Rate (per 1000 live births)34.68.564.2
Maternal Mortality Rate (per 1 lakh births)17427178
Population using Improved Sanitation (%)44.27558.3
Population with sustainable access to improved water source (%)949691
Percentage of Undernourished Children37.98.146.4

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

Answer options

Q48:

Development Experience of India

Medium

Some selected indicators of Human Development, 2016-2017

ItemIndiaChinaPakistan
Human Development Index (value)0.6400.7520.562
Rank (based on HDI)13086150
Life Expectancy at Birth (years)68.876.466.6
Mean years of Schooling (% aged 15 and above)6.47.88.6
GDP per capita (PPP US$)6,42715,3095,035
People below poverty line (at $3.20 a day PPP) (%) (2011)60.423.546.4
Infant Mortality Rate (per 1000 live births)34.68.564.2
Maternal Mortality Rate (per 1 lakh births)17427178
Population using Improved Sanitation (%)44.27558.3
Population with sustainable access to improved water source (%)949691
Percentage of Undernourished Children37.98.146.4

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

Answer options

Q49:

Development Experience of India

Easy

Some selected indicators of Human Development, 2016-2017

ItemIndiaChinaPakistan
Human Development Index (value)0.6400.7520.562
Rank (based on HDI)13086150
Life Expectancy at Birth (years)68.876.466.6
Mean years of Schooling (% aged 15 and above)6.47.88.6
GDP per capita (PPP US$)6,42715,3095,035
People below poverty line (at $3.20 a day PPP) (%) (2011)60.423.546.4
Infant Mortality Rate (per 1000 live births)34.68.564.2
Maternal Mortality Rate (per 1 lakh births)17427178
Population using Improved Sanitation (%)44.27558.3
Population with sustainable access to improved water source (%)949691
Percentage of Undernourished Children37.98.146.4

Which of the following are not included in health indicators ?

Answer options

Q50:

Human Capital Formation

Easy

Some selected indicators of Human Development, 2016-2017

ItemIndiaChinaPakistan
Human Development Index (value)0.6400.7520.562
Rank (based on HDI)13086150
Life Expectancy at Birth (years)68.876.466.6
Mean years of Schooling (% aged 15 and above)6.47.88.6
GDP per capita (PPP US$)6,42715,3095,035
People below poverty line (at $3.20 a day PPP) (%) (2011)60.423.546.4
Infant Mortality Rate (per 1000 live births)34.68.564.2
Maternal Mortality Rate (per 1 lakh births)17427178
Population using Improved Sanitation (%)44.27558.3
Population with sustainable access to improved water source (%)949691
Percentage of Undernourished Children37.98.146.4

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

CUET Economics 2023 11 June Shift 3 Past Year Question Paper

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