Macro

National Income

Medium

Match List-I with List-II

List-I List-II
(A) Open Economy (I) Equity and Bonds.
(B) Financial Market (II) Demand and supply of workforce.
(C) Output Market (III) Various economic avenues available.
(D) Labor Market (IV) Visible and Invisible Trade.

Choose the correct answer from the options given below:

List-I	List-II
(A) Open Economy	(I) Equity and Bonds.
(B) Financial Market	(II) Demand and supply of workforce.
(C) Output Market	(III) Various economic avenues available.
(D) Labor Market	(IV) Visible and Invisible Trade.

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

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

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

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

✅ Correct Option: 3

Option 1 -> Incorrectly matches Open Economy with Labor Market characteristics (demand/supply of workforce).

Option 2 -> Incorrectly matches Open Economy with Financial Market instruments and Financial Market with Labor Market characteristics.

Option 3 -> Correctly matches: Open Economy with various economic avenues, Financial Market with equity/bonds, Output Market with visible/invisible trade, and Labor Market with workforce demand/supply.

Option 4 -> Incorrectly matches Open Economy with financial instruments and Labor Market with economic avenues.

Hence, Option 3: (A) - (III), (B) - (I), (C) - (IV), (D) - (II) -> Open Economy (A) involves various economic avenues (III) through international trade and investments. Financial Market (B) deals with equity and bonds (I) for capital allocation. Output Market (C) includes visible trade in goods and invisible trade in services (IV). Labor Market (D) is characterized by demand and supply of workforce (II) where employment is determined. -> correct

2025: 3 June Shift 1

Arrange the following steps in calculation of national income, by income method in correct sequence.

(A) Add net factor income from abroad to arrive at national income.

(B) Estimate the factor income paid by each sector.

(D) Calculating domestic factor income.

Choose the correct answer from the options given below:

2026: 21 May Shift 2

An economy produces two goods, bread and wheat. A representative consumer buys 10 units of bread and 50 kg of wheat in a year. In the year 2023 the price of per bread was Rs 20 and wheat per kg was Rs 40. Suppose the price of both goods has gone up to Rs. 30 per bread and Rs. 50/kg wheat in the year 2024. Calculate the Consumer Price Index (CPI).

2026: 15 May Shift 1

Which of the following are the examples of Transfer Payments?

A. Expenditure on scholarships.

B. Expenditure on unemployment benefits.

C. Expenditure on subsidies.

D. Expenditure on imports.

Choose the correct answer from the options given below:

2022: 19 July Shift 2

If a Country's real GDP is $\overline{\mathbf{\tau}}$ 400 crores and its nominal GDP is $\overline{\mathbf{\tau}}$ 1000 crores, its GDP deflator is : (Choose the correct alternative).

2025: 16 May Shift 1

Suppose the GDP at market price of a country in a particular year was Rs 2,100 crores. Depreciation was Rs 50 crores. The value of Indirect taxes was Rs 250 crores, Subsidies was Rs 150 crores and National Income was Rs 1250 crores. Calculate the aggregate value of net factor income from abroad.

2025: 2 June Shift 1

The value of nominal GDP is $1100 and the value of real GDP is $1000. Find the value of GDP deflator.

Match List-I with List-II List-IList-II(A) Open Economy(I) Equity and Bonds.(B) Financial Market(II) Demand and supply of workforce.(C) Output Market(III) Various economic avenues available.(D) Labor Market(IV) Visible and Invisible Trade. Choose the correct answer from the options given below:

Solution

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CUET Economics Past Year Questions (Topic-Wise)