CUET Economics 2025 28 May Shift 1 - This is the index of prices of a given basket of commodities which are bought by the representative customer. Two years under consideration are kept – one is the base year, the other is the current year. First, the cost of purchase of a given basket of commodities in the base year is calculated. Then the cost of purchase of the same basket in the current year is calculated. Then we express the latter as a percentage of the former. This index is called : 1. Customer Index Pricing 2. Consumer Index Pricing 3. Consumer Price Index 4. Customer Price Index | PYQs + Solutions

CUET Economics 2025 28 May Shift 1

Macro

Easy

Customer Index Pricing

Consumer Index Pricing

Consumer Price Index

Customer Price Index

✅ Correct Option: 3

Related questions:

15 May Shift 1

Choose the correct operation which will be adopted to arrive at GDP $_{MP}$ from NNP $_{MP}$ .

21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GNP at Market price	(I) $GDP_{MP}$ = NFIA
(B) GDP at Market price	(II) NI - Undistributed profits - Net interest payments made by households - Corporate tax + Transfer payments to the households from the government and firms
(C) Personal income	(III) C + I + G + X - M
(D) Private income	(IV) Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

Choose the correct answer from the options given below:

28 May Shift 2

A firm produces Rs 1000 worth of goods per year. Rs 200 is the value of intermediate goods used by it during the year and Rs 100 is the value of capital consumption. What is the net value of total production?

CUET Economics 2025 28 May Shift 1 PYQs

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