CUET Economics 2025 Slot 15 Past Year Paper with Solutions

Q1:

Macro

>

National Income

Medium

Which of the following includes replacement investment?

Gross Investment.

Interest on capital.

Net Investment.

Investment Expenditure.

Correct Answer

Option 1

Correct Answer

Explanation

Q2:

Macro

>

National Income

Medium

Which of the following makes GDP an inappropriate index of welfare?

(A) Distribution of GDP.

(B) Externalities.

(C) Non-monetary exchanges.

(D) Price Index.

Choose the correct answer from the options given below:

(A), (B) and (D) only

(B) and (D) only

(A), (C) and (D) only

(A), (B) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation

Q3:

Micro

>

Introduction

Easy

"Economics is the science of wealth". This statement was given by :-

Adam Smith.

Marshall.

Robbins.

Samuelson.

Correct Answer

Option 1

Correct Answer

Explanation

Q4:

Micro

>

Forms of Market

Medium

Arrange the stages of price determination in a perfect competition market:

(A) Estimate the market demand and supply.

(B) Firms adjust production to maximize profit.

(C) Equilibrium price is established.

(D) Short-run profit attracts new firms.

Choose the correct answer from the options given below:

(A), (C), (B), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation

Q5:

Macro

>

National Income

Medium

Which of the following transaction is not included in national income?

Brokerage for facilitating sale of old car.

Interest paid by production units to households.

Payment of GST by firms to the government.

Interest paid by banks on deposits by individuals.

Correct Answer

Option 3

Correct Answer

Explanation

Q6:

Micro

>

Introduction

Easy

The problem 'For whom to produce' is basically concerned with _______.

Production of goods and services.

choosing appropriate technique of production.

distribution of output in the society.

choosing among the commodities for production.

Correct Answer

Option 3

Correct Answer

Explanation

Q7:

Macro

>

Income & Employment

Medium

Arrange the following steps in the correct sequence to explain the working of Multiplier.

(A) Increase in income and consumption.

(B) Increase in investment.

(C) Rise in aggregate demand in each round

(D) Generation of additional income.

Choose the correct answer from the options given below:

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(B), (C), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation

Q8:

Macro

>

Income & Employment

Medium

At the equilibrium point when C=100+0.5 Y and I= 200, saving will be........................

600

400

200

100

Correct Answer

Option 3

Correct Answer

Explanation

Q9:

Macro

>

National Income

Medium

Match List-I with List-II

List-I	List-II
(A) GDP at constant price	(i) known as Nominal GDP
(B) GDP at current price	(ii) Increases only when there is increase in the quantum of output in the economy.
(C) Welfare of the people	(III) known as earned income
(D) Factor income	(IV) Measured in terms of the availability of goods and services

Choose the correct answer from the options given below:

(A) - (i), (B) - (ii), (C) - (III), (D) - (IV)

(A) - (II), (B) - (i), (C) - (III), (D) - (IV)

(A) - (i), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (i), (C) - (IV), (D) - (III)

Correct Answer

Option 4

Correct Answer

Explanation

Q10:

Micro

>

Consumer Behaviour

Easy

When utility is measured in quantitative terms, it is ______ of consumer equilibrium.

Ordinal Approach.

Cardinal Approach.

Indifference Curve approach.

Law of Diminishing marginal utility.

Correct Answer

Option 2

Correct Answer

Explanation

Q11:

Macro

>

National Income

Medium

Arrange the steps to calculate Net National Product at market Price by Income Method.

(A) Identify and add factor Income (Rent, wages, interest and profit).

(B) Add Net factor income from abroad.

(C) Add Net Indirect Taxes.

(D) Add mixed income of self-employed.

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (D), (C), (B)

(B), (A), (D), (C)

(A), (C), (D), (B)

Correct Answer

Option 2

Correct Answer

Explanation

Q12:

Macro

>

National Income

Medium

Match List-I with List-II

List-I	List-II
(A) Capital consumption	(I) Value added
(B) Part of raw material which gets used up	(II) Intermediate consumption
(C) A stock variable	(III) Depriciation
(D) A flow variable	(IV) Inventory

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (IV), (C) - (II), (D) - (III)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation

Q13:

Macro

>

National Income

Easy

Calculate the value of Real GDP for the year 2023

Year	Output(units)	Market Price (in Rs)
2022	150	10
2023	200	20

₹ 4,000

₹ 2,000

₹ 3,000

₹ 1,500

Correct Answer

Option 2

Correct Answer

Explanation

Q14:

Macro

>

Income & Employment

Easy

When consumer consumes a part of change in income, which of the following is true?

MPC > 1

MPC < 1

MPC = 0

0 < MPC < 1

Correct Answer

Option 4

Correct Answer

Explanation

Q15:

Macro

>

National Income

Medium

Expenditure on the purchase of capital goods refers to ___________.

Inventory investment.

Fixed investment.

Gross investment.

Gross Domestic capital formation.

Correct Answer

Option 2

Correct Answer

Explanation

Q16:

Macro

>

Government Budget

Medium

Arrange the steps involved in preparation of the government budget.

(A) Discussion and approval by the parliament.

(B) Preparation of budget by the Ministry of Finance.

(C) Implementation by the government.

(D) Approval by the Cabinet.

Choose the correct answer from the options given below:

(A), (D), (B), (C)

(B), (D), (A), (C)

(B), (A), (D), (C)

(A), (B), (D), (C)

Correct Answer

Option 2

Correct Answer

Explanation

Q17:

Micro

>

Consumer Behaviour

Easy

The rate at which consumer is willing to substitute one good for another is represented by ________.

Marginal rate of transformation.

Slope of indifference curve.

Price Ratio.

optimum choice of the consumer.

Correct Answer

Option 2

Correct Answer

Explanation

Q18:

Micro

>

Market Equilibrium

Medium

When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing?

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

Correct Answer

Option 3

Correct Answer

Explanation

Q19:

Macro

>

Income & Employment

Medium

A perfectly elastic aggregate supply curve implies that:

(A) There is fuller utilization of resources in the economy.

(B) There is unemployment of resources in the economy.

(C) There is excess capacity in the economy.

(D) Aggregate demand is less in the economy.

Choose the correct answer from the options given below:

(A), (B) and (D) only

(B), (C) and (D) only

(A) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation

Q20:

Macro

>

Income & Employment

Easy

Level of planned output coincides with planned expenditure when:

(AD = Aggregate Demand. AS= Aggregate Suplly)

AD=AS

AD>AS

AD < AS

Income is Zero

Correct Answer

Option 1

Correct Answer

Explanation

Q21:

Macro

>

Money & Banking

Medium

Instead of outright sale of securities, the Central Bank may sell securities through an agreement which has a specification about the date and price at which it will be repurchased. This type of agreement is called . The rate at which money is withdrawn in this manner is called.

open market operations, bank rate.

open market operations, repo rate.

repurchase agreement, repo rate.

reverse repurchase agreement, reverse repo rate.

Correct Answer

Option 4

Correct Answer

Explanation

Q22:

Micro

>

Production & Costs

Medium

When Marginal productivity starts decreasing but remains positive , Total Productivity is ______.

Decreasing.

Increases at constant rate.

Increases at Increasing rate.

Increases at diminishing rate.

Correct Answer

Option 4

Correct Answer

Explanation

Q23:

Micro

>

Market Equilibrium

Medium

What will be elasticity of demand of a commodity when its price rises by 20% and quantity demanded falls from 125 units to 75 units?

e=-1

e.=1.25

e.=2

e.=1.75

Correct Answer

Option 3

Correct Answer

Explanation

Q24:

Macro

>

Income & Employment

Medium

In an economy , the aggregate demand function is given by AD= 80 + 0.75 Y. What will be the value of investment multiplier?

0.25

2

0

4

Correct Answer

Option 4

Correct Answer

Explanation

Q25:

Micro

>

Market Equilibrium

Medium

Match List-I with List-II

Change in Demand or Supply	Effect on equilibrium price / equilibrium quantity
(A) Increase in demand > Increase in supply	(I) equilibrium price will rise but no change in equilibrium quantity.
(B) Increase in supply when demand is perfectly inelastic	(II) No change in equilibrium price.
(C) Same proportion of increase in demand and supply	(III) equilibrium price will fall but no change in equilibrium quantity.
(D) Increase In demand when supply is perfectly inelastic	(IV) equilibrium price and quantity will rise.

Choose the correct answer from the options given below:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (IV), (C) - (II), (D) - (IV)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Correct Answer

Option 1

Correct Answer

Explanation

Q26:

Micro

>

Production & Costs

Easy

At zero level of output ,if the total cost(TC) is 20. What will be the value of the Average Fixed cost (AFC) at the 6th level of output?

2.86

20

3.33

120

Correct Answer

Option 3

Correct Answer

Explanation

Q27:

Macro

>

Money & Banking

Medium

Quantitative instruments of monetary policy focus on :

(A) Quantity of money across selected sectors of the economy.

(B) Overall supply of money in the economy.

(C) Credit creation capacity of commercial banks.

(D) Inflationary and deflationary gaps in the economy.

Choose the correct answer from the options given below:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation

Q28:

Micro

>

Consumer Behaviour

Easy

What will be the value of Marginal utility of the 4th unit

Units consumed	Total Utility derived (utils)
1	10
2	8
3	5
4	2

8 utils

3 utils

3 utils

25 utils

Correct Answer

Option 2

Correct Answer

Explanation

Q29:

Macro

>

Income & Employment

Medium

In an Economy , total savings are rs. 2000 crores and the ratio of average propensity to save and average propensity to consume is 2: 7. Calculate the level of income in the economy?

2000 crores.

7000 crores.

9000 crores.

14,000 crores.

Correct Answer

Option 3

Correct Answer

Explanation

Q30:

Micro

>

Forms of Market

Medium

Which of the following are features of a perfect competitive market?

(A) Free entry and exit of firms.

(B) Huge selling cost.

(C) perfectly elastic demand curve.

(D) perfect market knowledge among buyers.

Choose the correct answer from the options given below:

(A), (B) and (D) only

(B), (C) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

Correct Answer

Option 3

Correct Answer

Explanation

Q31:

Macro

>

Government Budget

Medium

Revenue deficit in the government budget can be managed through:-

(A) Borrowings from RBI.

(B) Disinvestment.

(C) Increasing Subsidy.

(D) Borrowings from the general public.

Choose the correct answer from the options given below:

(A), (B) and (C) only

(A), (B) and (D) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation

Q32:

Micro

>

Forms of Market

Medium

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.

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation

Q33:

Macro

>

Money & Banking

Medium

Match List-I with List-II

List-I	List-II
(A) Secondary Deposits	(i) Initial deposits with commercial banks
(B) Primary Deposits	(ii) The ratio of money held by the public in currency to that held at deposits in commercial banks.
(C) Currency Deposit ratio	(iii) No intrinsic value
(D) Fiat money	(iv) Demand deposits which come back to Commercial bank through lending process.

Choose the correct answer from the options given below:

(A) - (i), (B) - (IV), (C) - (ii), (D) - (III)

(A) - (IV), (B) - (i), (C) - (ii), (D) - (III)

(A) - (III), (B) - (i), (C) - (ii), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (i), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation

Q34:

Macro

>

Money & Banking

Medium

Which of th following system is followed by the Reserve Bank of India for issuing currency?

Proportionate system.

Minimum Reserve System.

Simple Deposit System.

Fixed fiduciary issue System.

Correct Answer

Option 2

Correct Answer

Explanation

Q35:

Macro

>

Government Budget

Medium

Identify which of the following is an example of non-debt capital receipts.

Recovery of loans.

Financial aid from MNC for victims in a flood affected area.

Borrowings from IMF.

Dividend paid by State Bank of India to the Government.

Correct Answer

Option 1

Correct Answer

Explanation

Q36:

Micro

>

Production & Costs

Medium

Which of the following cost curve has the shape of a rectangular hyperbola?

Average Cost Curve.

Marginal Cost Curve.

Average Fixed Cost Curve.

Variable Cost Curve.

Correct Answer

Option 3

Correct Answer

Explanation

Q37:

Macro

>

Money & Banking

Medium

Arrange the following steps involved in the process of credit creation by Commercial Banks.

(A) The commercial bank lends the excess reserves to the borrowers.

(B) The borrowers deposit the loaned money in the bank.

(C) The bank keeps a portion of the lent deposit money as reserve.

(D) The initial deposit is made in the commercial bank.

Choose the correct answer from the options given below:

(B), (C), (D), (A)

(A), (D), (C), (B)

(D), (C), (A), (B)

(D), (B), (C), (A)

Correct Answer

Option 3

Correct Answer

Explanation

Q38:

Micro

>

Market Equilibrium

Easy

Downward movement along the demand curve is caused by _________.

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

Correct Answer

Option 1

Correct Answer

Explanation

Q39:

Macro

>

Money & Banking

Easy

Electronic transfer of money in terms of credit/ debit entries of the account-holders in the banks is called____.

e-marketing.

e-business.

e-fund.

e-banking.

Correct Answer

Option 4

Correct Answer

Explanation

Q40:

Macro

>

National Income

Medium

Identify the flow variable from the following:

Annual Expenditure of a school.

Distance between Punjab and Haryana.

Bank balance of Mr. Mukesh as on 31st March 2023.

Investment of Mr. Mohit as on 31st December 2023.

Correct Answer

Option 1

Correct Answer

Explanation

Q41:

Micro

>

Production & Costs

Easy

Read the passage carefully and answer the question based on the passage:

Akriti Manufacturing Company produces flower vases. The cost of production for 100 vase includes rent of rs 10,000, salary for permanent staff of rs 10,000, cost of Labour is 12,000 and Raw material of rs 18,000. Due to increased demand of vases the company plans to increase production to 200 vases. The variable cost per vase remains Rs 300, and the fixed cost does not change.

What is the fixed cost for producing 200 vases?

40000

20,000

10,000

50,000

Correct Answer

Option 2

Correct Answer

Explanation

Q42:

Micro

>

Production & Costs

Medium

Read the passage carefully and answer the question based on the passage:

Akriti Manufacturing Company produces flower vases. The cost of production for 100 vase includes rent of rs 10,000, salary for permanent staff of rs 10,000, cost of Labour is 12,000 and Raw material of rs 18,000. Due to increased demand of vases the company plans to increase production to 200 vases. The variable cost per vase remains Rs 300, and the fixed cost does not change.

What is the total variable cost for producing 200 vases?

300

30,000

60,000

18,000

Correct Answer

Option 3

Correct Answer

Explanation

Q43:

Micro

>

Production & Costs

Easy

Read the passage carefully and answer the question based on the passage:

Akriti Manufacturing Company produces flower vases. The cost of production for 100 vase includes rent of rs 10,000, salary for permanent staff of rs 10,000, cost of Labour is 12,000 and Raw material of rs 18,000. Due to increased demand of vases the company plans to increase production to 200 vases. The variable cost per vase remains Rs 300, and the fixed cost does not change.

If the production is increased to 300 vases, what will happen to Fixed cost per unit?

There will be parallel increase in fixed cost and variable cost.

Fixed cost will also increase.

Fixed cost will not change.

Fixed cost will decrease.

Correct Answer

Option 4

Correct Answer

Explanation

Q44:

Micro

>

Production & Costs

Easy

Read the passage carefully and answer the question based on the passage:

Akriti Manufacturing Company produces flower vases. The cost of production for 100 vase includes rent of rs 10,000, salary for permanent staff of rs 10,000, cost of Labour is 12,000 and Raw material of rs 18,000. Due to increased demand of vases the company plans to increase production to 200 vases. The variable cost per vase remains Rs 300, and the fixed cost does not change.

Calculate total cost of production for producing 100 vases ?

50,000

60,000

25,000

40,000

Correct Answer

Option 1

Correct Answer

Explanation

Q45:

Micro

>

Production & Costs

Medium

Read the passage carefully and answer the question based on the passage:

Akriti Manufacturing Company produces flower vases. The cost of production for 100 vase includes rent of rs 10,000, salary for permanent staff of rs 10,000, cost of Labour is 12,000 and Raw material of rs 18,000. Due to increased demand of vases the company plans to increase production to 200 vases. The variable cost per vase remains Rs 300, and the fixed cost does not change.

What will be the average variable cost (AVC) for producing 200 vases?

150

300

250

600

Correct Answer

Option 2

Correct Answer

Explanation

Q46:

Macro

>

Balance of Payments

Easy

Read the passage carefully and answer the question based on the passage:

Balance of Payment is defined as the statement of accounts of a country's inflow and outflows of foreign exchange during a specified period of time. It consists of two main accounts, i.e. Current Account and Capital Account. A deficit or surplus in the current account is determined by the country's exports and imports, whereas the capital account records transactions involving non-financial and financial assets.

India's BOP typically reflects its trade deficit, services surplus and capital inflows. To finance the deficit in its overall BOP, few transactions take place in its official reserves of foreign exchange.

What does capital account of BOP record?

Imports and exports of goods.

Transaction of capital and financial assets.

Income from investment.

Unilateral transfers.

Correct Answer

Option 2

Correct Answer

Explanation

Q47:

Macro

>

Balance of Payments

Medium

Read the passage carefully and answer the question based on the passage:

Balance of Payment is defined as the statement of accounts of a country's inflow and outflows of foreign exchange during a specified period of time. It consists of two main accounts, i.e. Current Account and Capital Account. A deficit or surplus in the current account is determined by the country's exports and imports, whereas the capital account records transactions involving non-financial and financial assets.

India's BOP typically reflects its trade deficit, services surplus and capital inflows. To finance the deficit in its overall BOP, few transactions take place in its official reserves of foreign exchange.

What is the role of official reserve account?

Records trade in goods.

Reflects errors in data.

Stabilize the currency and manage BOP imbalance.

Attracts foreign investment.

Correct Answer

Option 3

Correct Answer

Explanation

Q48:

Macro

>

Balance of Payments

Medium

Read the passage carefully and answer the question based on the passage:

Balance of Payment is defined as the statement of accounts of a country's inflow and outflows of foreign exchange during a specified period of time. It consists of two main accounts, i.e. Current Account and Capital Account. A deficit or surplus in the current account is determined by the country's exports and imports, whereas the capital account records transactions involving non-financial and financial assets.

India's BOP typically reflects its trade deficit, services surplus and capital inflows. To finance the deficit in its overall BOP, few transactions take place in its official reserves of foreign exchange.

What could persistent current account deficit lead to?

Currency appreciation.

Increased reserves.

Dependence on foreign borrowings.

Trade surplus.

Correct Answer

Option 3

Correct Answer

Explanation

Q49:

Macro

>

Balance of Payments

Medium

Read the passage carefully and answer the question based on the passage:

Balance of Payment is defined as the statement of accounts of a country's inflow and outflows of foreign exchange during a specified period of time. It consists of two main accounts, i.e. Current Account and Capital Account. A deficit or surplus in the current account is determined by the country's exports and imports, whereas the capital account records transactions involving non-financial and financial assets.

India's BOP typically reflects its trade deficit, services surplus and capital inflows. To finance the deficit in its overall BOP, few transactions take place in its official reserves of foreign exchange.

What does the BOP record?

Transactions within a country.

Transactions between two countries.

Economic transactions between residents of a country and rest of the world.

Transfers in goods only.

Correct Answer

Option 3

Correct Answer

Explanation

Q50:

Macro

>

Balance of Payments

Easy

Read the passage carefully and answer the question based on the passage:

Balance of Payment is defined as the statement of accounts of a country's inflow and outflows of foreign exchange during a specified period of time. It consists of two main accounts, i.e. Current Account and Capital Account. A deficit or surplus in the current account is determined by the country's exports and imports, whereas the capital account records transactions involving non-financial and financial assets.

India's BOP typically reflects its trade deficit, services surplus and capital inflows. To finance the deficit in its overall BOP, few transactions take place in its official reserves of foreign exchange.

How can a country reduce the BOP deficit?

Promoting exports and attracting investment.

Increasing imports.

Stopping trade with other countries.

Increasing domestic borrowings.

Correct Answer

Option 1

Correct Answer

Explanation

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CUET Economics 2025 30 May Shift 1 Past Year Question Paper

CUET Economics Past Year Questions (Topic-Wise)