Q1:
30 May Shift 1
Macro > National Income
Medium
Which of the following includes replacement investment?
Correct Answer
Option 1
Correct Answer
CUET Economics 2025 30 May Shift 1 PYQs
No login required. No pop-ups. We have all previous-year questions with solutions for free!
Q2:
30 May Shift 1
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:
Correct Answer
Option 4
Correct Answer
Q3:
30 May Shift 1
Micro > Introduction
Easy
"Economics is the science of wealth". This statement was given by :-
Correct Answer
Option 1
Correct Answer
Q4:
30 May Shift 1
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:
Correct Answer
Option 1
Correct Answer
Q5:
30 May Shift 1
Macro > National Income
Medium
Which of the following transaction is not included in national income?
Correct Answer
Option 3
Correct Answer
Q6:
30 May Shift 1
Micro > Introduction
Easy
The problem 'For whom to produce' is basically concerned with _______.
Correct Answer
Option 3
Correct Answer
Q7:
30 May Shift 1
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:
Correct Answer
Option 4
Correct Answer
Q8:
30 May Shift 1
Macro > Income & Employment
Medium
At the equilibrium point when C=100+0.5 Y and I= 200, saving will be........................
Correct Answer
Option 3
Correct Answer
Q9:
30 May Shift 1
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:
Correct Answer
Option 4
Correct Answer
Q10:
30 May Shift 1
Micro > Consumer Behaviour
Easy
When utility is measured in quantitative terms, it is ______ of consumer equilibrium.
Correct Answer
Option 2
Correct Answer
Q11:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q12:
30 May Shift 1
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:
Correct Answer
Option 3
Correct Answer
Q13:
30 May Shift 1
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 |
Correct Answer
Option 2
Correct Answer
Q14:
30 May Shift 1
Macro > Income & Employment
Easy
When consumer consumes a part of change in income, which of the following is true?
Correct Answer
Option 4
Correct Answer
Q15:
30 May Shift 1
Macro > National Income
Medium
Expenditure on the purchase of capital goods refers to ___________.
Correct Answer
Option 2
Correct Answer
Q16:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q17:
30 May Shift 1
Micro > Consumer Behaviour
Easy
The rate at which consumer is willing to substitute one good for another is represented by ________.
Correct Answer
Option 2
Correct Answer
Q18:
30 May Shift 1
Micro > Market Equilibrium
Medium
When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing?
Correct Answer
Option 3
Correct Answer
Q19:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q20:
30 May Shift 1
Macro > Income & Employment
Easy
Level of planned output coincides with planned expenditure when: (AD = Aggregate Demand. AS= Aggregate Suplly)
Correct Answer
Option 1
Correct Answer
Q21:
30 May Shift 1
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________.
Correct Answer
Option 4
Correct Answer
Q22:
30 May Shift 1
Micro > Production & Costs
Medium
When Marginal productivity starts decreasing but remains positive , Total Productivity is ______.
Correct Answer
Option 4
Correct Answer
Q23:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q24:
30 May Shift 1
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?
Correct Answer
Option 4
Correct Answer
Q25:
30 May Shift 1
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:
Correct Answer
Option 1
Correct Answer
Q26:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q27:
30 May Shift 1
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:
Correct Answer
Option 4
Correct Answer
Q28:
30 May Shift 1
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 |
Correct Answer
Option 2
Correct Answer
Q29:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q30:
30 May Shift 1
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:
Correct Answer
Option 3
Correct Answer
Q31:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q32:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q33:
30 May Shift 1
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:
Correct Answer
Option 2
Correct Answer
Q34:
30 May Shift 1
Macro > Money & Banking
Medium
Which of th following system is followed by the Reserve Bank of India for issuing currency?
Correct Answer
Option 2
Correct Answer
Q35:
30 May Shift 1
Macro > Government Budget
Medium
Identify which of the following is an example of non-debt capital receipts.
Correct Answer
Option 1
Correct Answer
Q36:
30 May Shift 1
Micro > Production & Costs
Medium
Which of the following cost curve has the shape of a rectangular hyperbola?
Correct Answer
Option 3
Correct Answer
Q37:
30 May Shift 1
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:
Correct Answer
Option 3
Correct Answer
Q38:
30 May Shift 1
Micro > Market Equilibrium
Easy
Downward movement along the demand curve is caused by _________.
Correct Answer
Option 1
Correct Answer
Q39:
30 May Shift 1
Macro > Money & Banking
Easy
Electronic transfer of money in terms of credit/ debit entries of the account-holders in the banks is called____.
Correct Answer
Option 4
Correct Answer
Q40:
30 May Shift 1
Macro > National Income
Medium
Identify the flow variable from the following:
Correct Answer
Option 1
Correct Answer
Q41:
30 May Shift 1
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?
Correct Answer
Option 2
Correct Answer
Q42:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q43:
30 May Shift 1
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?
Correct Answer
Option 4
Correct Answer
Q44:
30 May Shift 1
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 ?
Correct Answer
Option 1
Correct Answer
Q45:
30 May Shift 1
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?
Correct Answer
Option 2
Correct Answer
Q46:
30 May Shift 1
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?
Correct Answer
Option 2
Correct Answer
Q47:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q48:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q49:
30 May Shift 1
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?
Correct Answer
Option 3
Correct Answer
Q50:
30 May Shift 1
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?
Correct Answer
Option 1
Correct Answer
CUET Economics 2025 30 May Shift 1 - Past Year Questions
Practice with our comprehensive collection of CUET Economics 2025 30 May Shift 1 Past Year Questions (PYQs) with detailed solutions. No login required. We have created handwritten solutions for all CUET Economics questions for free!