CUET Economics - Which of the following is an example of floor price? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Minimum Support Price for Foodgrain

Price printed on any article.

Price taken by Seller

Price asked by buyer to buy.

✅ Correct Option: 1

Related questions:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Control Price	(I) Set below the equilibrium price
(B) Floor Price	(II) Fixed by the government for the labourers
(C) Minimum Wage Legislation	(III) Set above the equilibrium price
(D) Market Equilibrium	(IV) when demand and supply curve intersect.

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3 June Shift 2

A perfectly competitive market in an economy is categorized by the following features.

(A) Firms are price-takers.

(B) Average revenue is equal to market price.

(D) Marginal revenue is equal to market price.

Choose the correct answer from the options given below:

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) A typical characteristic of perfect competition.
(B) Perfectly elastic demand curve	(II) An individual firm is a price taker.
(C) Degree of price control under perfect competition	(III) The firm can sell any amount of its output at the prevailing price.
(D) Freedom of entry and exit	(IV) No control over price.

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CUET Economics 2025 13 May Shift 1 PYQs