CUET Economics - What is Consumer Price Index? | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Easy

129.29 (approximately).

149.29 (approximately).

139.29 (approximately)

159.29 (approximately).

✅ Correct Option: 3

Related questions:

27 May Shift 2

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below:

29 May Shift 2

It may be incorrect to treat GDP as an index of the welfare of the country for the following reasons.

(A) Externalities.

(B) Distribution of GDP is not uniform.

(D) Non-monetary exchanges.

Choose the correct answer from the options given below:

13 May Shift 1

The index of prices of a given basket of commodities which are bought by the representative consumer is known as :

CUET Economics 2025 27 May Shift 2 PYQs

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