CUET Economics 2025 28 May Shift 1 PYQs

A capitalist economy can be defined as an economy in which most of the economic activities have the following characteristics.

(A) Sale and purchase of labour services at their own price.

(B) Sale and purchase of labour services at the wage rate.

(C) Production takes place for selling.

(D) Authorities may intervene to achieve an equitable distribution of the final mix of goods and services.

Choose the correct answer from the options given below:

......... is an economy in which there is both the private sector and the government.

Select the correct statements regarding macroeconomics.

(A) Macroeconomics deals with the aggregate economic variables of an economy.

(B) Macroeconomics emerged as a separate subject in the 1930s due to Keynes.

(C) Macroeconomics is a combination of households, firms, and the government sector only in open economy.

(D) Macroeconomics takes into account various inter - linkages which may exist between the different sectors of an economy.

Choose the correct answer from the options given below: