Q1:
CUET Economics 2024 Slot 1
Indian Economic Development > Employment
Easy
Casualization of workforce would result in :
Correct Answer
Option 2
Correct Answer
CUET Economics PYQs
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Q2:
CUET Economics 2024 Slot 1
Indian Economic Development > Economic Reforms (1991)
Medium
(A) Establishment of NABARD
(B) FRBMA (Fiscal Responsibility and Budget Management Act)
(C) Third Five Year Plan
(D) Nationalization of RBI
Choose the correct chronological sequence in ascending order (earliest to latest) :
Correct Answer
Option 4
Correct Answer
Q3:
CUET Economics 2024 Slot 1
Macro > Balance of Payments
Easy
Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called :
Correct Answer
Option 2
Correct Answer
Q4:
CUET Economics 2024 Slot 1
Macro > Balance of Payments
Medium
<table class="question-table">
<thead>
<tr>
<th colspan="2">Match List-I with List-II:</th>
</tr>
</thead>
<tbody>
<tr>
<th>List-I</th>
<th>List-II</th>
</tr>
<tr>
<td>(A) Pegged exchange rate system</td>
<td>(I) Setting up of IMF and World Bank</td>
</tr>
<tr>
<td>(B) Managed floating</td>
<td>(II) Fixed exchange rate system</td>
</tr>
<tr>
<td>(C) Bretton Woods Conference</td>
<td>(III) Dirty floating</td>
</tr>
<tr>
<td>(D) Third element in BOP</td>
<td>(IV) Error and Omission Account</td>
</tr>
</tbody>
</table>
Match List-I with List-II :
Correct Answer
Option 2
Correct Answer
Q5:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Medium
________ implies that resource extraction is below the rate of regeneration of resources, and the wastes generated are within the assimilating capacity of the environment.
Correct Answer
Option 2
Correct Answer
Q6:
CUET Economics 2024 Slot 1
Indian Economic Development > Human Capital Formation
Easy
Government of India enacted the Right to Education Act in 2009 to make free education a Fundamental Right of all children in the age group of ________ years.
Correct Answer
Option 3
Correct Answer
Q7:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Hard
(A) Nuclear
(B) Thermal
(C) New and renewable energy
(D) Hydro
Following are the sources of electricity generation in India. Arrange them in correct sequence on the basis of total power generation capacity (higher to lower)
Correct Answer
Option 4
Correct Answer
Q8:
CUET Economics 2024 Slot 1
Indian Economic Development > Economic Reforms (1991)
Hard
Arrange the following items in correct sequence: (A) Competition Act (B) FEMA (C) FERA (D) MRTP
Correct Answer
Option 3
Correct Answer
Q9:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience of India
Easy
The Great Leap Forward (GLF) campaign was initiated in
Correct Answer
Option 2
Correct Answer
Q10:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience of India
Easy
<table class="question-table"> <thead> <tr> <th colspan="2">Match List-I with List-II :</th> </tr> </thead> <tbody> <tr> <th>List-I</th> <th>List-II</th> </tr> <tr> <td>(A) Great Leap Forward</td> <td>(I) Protecting the future generation</td> </tr> <tr> <td>(B) Mao Zedong</td> <td>(II) Aimed at industrialising the country on a massive scale</td> </tr> <tr> <td>(C) Brundtland Commission</td> <td>(III) Introduced the Great Proletarian Cultural Revolution</td> </tr> <tr> <td>(D) Our Common Future</td> <td>(IV) Seminal Report that explained sustainable development as meeting the basic needs of all for a better life</td> </tr> </tbody> </table>
Match List-I with List-II :
Correct Answer
Option 2
Correct Answer
Q11:
CUET Economics 2024 Slot 1
Indian Economic Development > Economic Reforms (1991)
Easy
Second phase of Green Revolution is termed from
Correct Answer
Option 2
Correct Answer
Q12:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience of India
Medium
During 1980s, the growth rate in Pakistan improved on account of which of the following reasons ?
Correct Answer
Option 2
Correct Answer
Q13:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
When there is unexpected rise in the sales
Correct Answer
Option 3
Correct Answer
Q14:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
During festive season, the currency deposit ratio
Correct Answer
Option 2
Correct Answer
Q15:
CUET Economics 2024 Slot 1
Macro > Money & Banking
Hard
European Monetary Union was created in
Correct Answer
Option 3
Correct Answer
Q16:
CUET Economics 2024 Slot 1
Macro > National Income
Easy
Identify the correct statement in the context of Circular Flow of Income in an economy
Correct Answer
Option 3
Correct Answer
Q17:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
(A) Ex Ante Saving represents what is actually planned to save.
(B) Ex Post Saving represents what is actually planned to save.
(C) Ex Post Saving depicts what has actually happened.
(D) Ex Ante Post Saving represents what is actually saved.
Identify the correct set of statements
Correct Answer
Option 2
Correct Answer
Q18:
CUET Economics 2024 Slot 1
Macro > Government Budget
Easy
<table class="question-table"> <thead> <tr> <th colspan="2">Match List-I with List-II</th> </tr> </thead> <tbody> <tr> <th>List-I<br>(Elements)</th> <th>List-II<br>(Features)</th> </tr> <tr> <td>(A) Annual Financial Statement</td> <td>(I) Create liabilities or reduce financial assets</td> </tr> <tr> <td>(B) Capital Receipts</td> <td>(II) Trade surplus</td> </tr> <tr> <td>(C) Capital Payment</td> <td>(III) Main budget document</td> </tr> <tr> <td>(D) Export - Import</td> <td>(IV) Create financial assets or reduce liabilities</td> </tr> </tbody> </table>
Match List-I with List-II :
Correct Answer
Option 2
Correct Answer
Q19:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Easy
In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
How is civic authority getting benefited due to biocomposting ?
Correct Answer
Option 4
Correct Answer
Q20:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Easy
In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
Choose the correct statement concerned with the passage
Correct Answer
Option 3
Correct Answer
Q21:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Easy
In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
Water bodies including ground water system have suffered due to :
Correct Answer
Option 2
Correct Answer
Q22:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Easy
In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
In certain parts of the country, cattle are maintained only because they
Correct Answer
Option 2
Correct Answer
Q23:
CUET Economics 2024 Slot 1
Indian Economic Development > Sustainable Economic Development
Easy
In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
What should be the suitable title for the above passage ?
Correct Answer
Option 1
Correct Answer
Q24:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience (1947-90)
Easy
India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
Before the British rule, India was well known for which manufacturing industries' products ?
Correct Answer
Option 3
Correct Answer
Q25:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience (1947-90)
Easy
India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
What kind of interests was the colonial government concerned with in the economic policy for Indian industries ?
Correct Answer
Option 4
Correct Answer
Q26:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience (1947-90)
Easy
India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
Choose the economists who estimated India's National Income and Per capita Income:
Correct Answer
Option 2
Correct Answer
Q27:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience (1947-90)
Easy
India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
What was the country's growth of aggregate real output during the first half of the 20th century ?
Correct Answer
Option 4
Correct Answer
Q28:
CUET Economics 2024 Slot 1
Indian Economic Development > Development Experience (1947-90)
Easy
India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
According to the passage, which of the following statement was true about Indian industries' products?
Correct Answer
Option 3
Correct Answer
Q29:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
It is market where economic agents freely exchange their own goods:
Correct Answer
Option 1
Correct Answer
Q30:
CUET Economics 2024 Slot 1
Micro > Consumer Behaviour
Easy
(A) Marginal Utility is the change in Total Utility due to consumption of one additional unit of
commodity.
(B) Two Indifference Curves intersect each other.
(C) Marginal Utility becomes Zero at a level when Total Utility remains constant.
(D) Diminishing Marginal Rate of Substitution does not affect Indifference Curve.
(E) Indifference Curve slopes downwards from left to right.
Which of the following are correct statements?
Correct Answer
Option 2
Correct Answer
Q31:
CUET Economics 2024 Slot 1
Micro > Consumer Behaviour
Easy
<table class="question-table"> <thead> <tr> <th colspan="2">Match List-I with List-II</th> </tr> </thead> <tbody> <tr> <th>List-I<br>(Characteristic)</th> <th>List-II<br>(Explanation)</th> </tr> <tr> <td>(A) Equilibrium</td> <td>(I) Plans of all the consumers and firms in the market match</td> </tr> <tr> <td>(B) Excess supply</td> <td>(II) Demand decreases with an increase in income</td> </tr> <tr> <td>(C) Inferior good</td> <td>(III) Supply is greater than market demand</td> </tr> <tr> <td>(D) Price ceiling</td> <td>(IV) Imposition of upper limit by government</td> </tr> </tbody> </table>
Match List-I with List-II :
Correct Answer
Option 2
Correct Answer
Q32:
CUET Economics 2024 Slot 1
Micro > Consumer Behaviour
Easy
When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as:
Correct Answer
Option 3
Correct Answer
Q33:
CUET Economics 2024 Slot 1
Micro > Consumer Behaviour
Hard
According to the Theory of Consumer Behaviour, $P_1X_1 + P_2X_2 ≤ M$ is called the Consumer's _____________
Correct Answer
Option 3
Correct Answer
Q34:
CUET Economics 2024 Slot 1
Micro > Introduction
Easy
Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics.
(B) J.M. Keynes gave the Theory of Income, Output and Employment.
(C) Four Sector Model = C + I + G + (X – M)
(D) Store of value is primary function of money.
Choose the correct statements from the following:
Correct Answer
Option 2
Correct Answer
Q35:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Hard
(A) General theory of Employment, Interest and Money by Keynes.
(B) Mahalanobis was made a fellow of Britain's Royal Society.
(C) An Inquiry into the Nature and Cause of the Wealth of Nations by Adam Smith.
(D) The Economic Consequences of the Peace by Keynes.
Rearrange the given statements in proper chronological sequence in an ascending order (earliest to latest):
Correct Answer
Option 1
Correct Answer
Q36:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Hard
If there is no government and no foreign trade, then :
Correct Answer
Option 3
Correct Answer
Q37:
CUET Economics 2024 Slot 1
Macro > National Income
Easy
The value of Nominal GDP is USD 1100 and the value of Real GDP is USD 1000. Find the value of GDP deflator:
Correct Answer
Option 2
Correct Answer
Q38:
CUET Economics 2024 Slot 1
Macro > National Income
Easy
(A) Stocks are defined over a period of time.
(B) Flows are defined over a period of time.
(C) Flows are defined at a particular point of time.
(D) Stocks are defined at a particular point of time.
(E) GVA at factor costs + Indirect Taxes – Subsidies = GVA at market prices
Identify the correct statement:
Correct Answer
Option 3
Correct Answer
Q39:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Medium
If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, aggregate output is determined solely by the value of aggregate demand. This statement is called _________ Principle.
Correct Answer
Option 3
Correct Answer
Q40:
CUET Economics 2024 Slot 1
Macro > National Income
Easy
Nominal Interest Rate =
Correct Answer
Option 4
Correct Answer
Q41:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier?
Correct Answer
Option 4
Correct Answer
Q42:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Hard
Paradox of Thrift means :
Correct Answer
Option 4
Correct Answer
Q43:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
__________ depicts what has actually happened.
Correct Answer
Option 2
Correct Answer
Q44:
CUET Economics 2024 Slot 1
Macro > Income & Employment
Easy
If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.
Correct Answer
Option 4
Correct Answer
Q45:
CUET Economics 2024 Slot 1
Macro > Money & Banking
Medium
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial
banks.
Which of the following statements are true?
Correct Answer
Option 4
Correct Answer
Q46:
CUET Economics 2024 Slot 1
Macro > Money & Banking
Medium
<table class="question-table"> <thead> <tr> <th colspan="2">Match List-I with List-II :</th> </tr> </thead> <tbody> <tr> <th>List-I</th> <th>List-II</th> </tr> <tr> <td>(A) Bank Rate</td> <td>(I) Securities are pledged in order to repurchase</td> </tr> <tr> <td>(B) Marginal Standing Facility</td> <td>(II) Minimum rate at which funds are provided for long term</td> </tr> <tr> <td>(C) Repo Rate</td> <td>(III) Also known as Penal Interest Rate</td> </tr> <tr> <td>(D) Reverse Repo Rate</td> <td>(IV) Central Bank borrows funds from commercial banks</td> </tr> </tbody> </table>
Match List-I with List-II :
Correct Answer
Option 2
Correct Answer
Q47:
CUET Economics 2024 Slot 1
Macro > Money & Banking
Easy
Which of the following is not a function of Central Bank ?
Correct Answer
Option 3
Correct Answer
Q48:
CUET Economics 2024 Slot 1
Macro > Government Budget
Hard
Article 112 deals with :
Correct Answer
Option 3
Correct Answer
Q49:
CUET Economics 2024 Slot 1
Macro > Government Budget
Easy
All those elements which create liability and decrease the assets of government are known as :
Correct Answer
Option 1
Correct Answer
Q50:
CUET Economics 2024 Slot 1
Macro > Balance of Payments
Hard
(A) Smithsonian Agreement
(B) Bretton Woods Conference
(C) Establishment of WTO
(D) Gold Standard
Arrange the following elements in correct chronological sequence (earliest to latest) :
Correct Answer
Option 2
Correct Answer
CUET Economics - Past Year Questions
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