CUET Economics 2025 29 May Shift 1 PYQs

To measure consumer price index (CPI) which of the following years are taken into consideration?

(A) Current Year.

(B) Preceeding Year.

(C) Base Year.

(D) Succeeding Year.

Choose the correct answer from the options given below:

Which of the following is correct regarding National Income Accounting ?

1. In order to compare the GDP figures of the same countries at different points of time, nominal GDP is used.
2. In order to compare the GDP figures of different countries, real GDP is used.
3. Flows are defined at a particular point of time.
4. Stocks are defined over a period of time.

Which of the following are correct statements regarding Gross Domestic Product (GDP)?

(A) GDP is a measure of the welfare of a country.

(B) Real GDP is measured at current market prices.

(C) Expenditure method estimate =Income Method estimate =Product Method estimate=GDP of a country.

(D) Gross National Product at factor cost = GDP$_{MP}$ + Net factor income from abroad.

Choose the correct answer from the options given below:

1. (A), (B) and (D) only
2. (A), (B) and (C) only
3. (A), (B), (C) and (D)
4. (B), (C) and (D) only