CUET Economics 2025 30 May Shift 2 PYQs

Identify the correct statement:

The index of prices of a given basket of commodities which are bought by the representative consumer is known as :

There are two firms in an economy. Firm A gives Rs. 20 to the workers as wages, and keeps the remaining 30 as its profits. Similarly, firm B gives 60 as wages and keeps 90 as profits. Calculate GDP?

1. Rs. 200
2. Rs. 120
3. Rs. 50
4. Rs. 150