AfterBoards Logo
Skip to main contentSkip to solution

CUET Economics 2025 PYQs31 May Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2025 31 May Shift 1

Consumer Behaviour

past year questions, Micro, CUET Economics 2025 31 May Shift 1

Medium

Match List-I with List-II

List-IList-II
(A) Cardinal utility(I) Ranking consumption bundles.
(B) Perfect substitute goods(II) Level of utility can be expressed in numbers.
(C) Ordinal Utility(III) The marginal Rate of Substitution is 1.
(D) Complimentary goods(IV) An increase in the price of one good does not lead to an increase in demand for another good.

Choose the correct answer from the options given below:

  1. (A) - (I), (B) - (IV), (C) - (III), (D) - (II)
  2. (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
  3. (A) - (I), (B) - (IV), (C) - (II), (D) - (III)
  4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Solution

✅ Correct Option: 2

Option 1 -> (A)-(I), (B)-(IV), (C)-(III), (D)-(II): Incorrect matching as cardinal utility involves numerical measurement, not ranking.

Option 2 -> (A)-(II), (B)-(III), (C)-(I), (D)-(IV): Correct matching - Cardinal utility is measurable numerically, perfect substitutes have MRS=1, ordinal utility involves ranking, and complementary goods are consumed together.

Option 3 -> (A)-(I), (B)-(IV), (C)-(II), (D)-(III): Incorrect as ordinal utility involves ranking, not numerical expression.

Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrect as perfect substitutes have constant MRS, not cardinal utility.

Hence, Option 2: (A) - (II), (B) - (III), (C) - (I), (D) - (IV) -> Cardinal utility assigns numerical values to satisfaction levels (utils). Perfect substitutes have a constant Marginal Rate of Substitution of 1, meaning they can be exchanged at a one-to-one ratio. Ordinal utility only ranks preferences without assigning specific numerical values. Complementary goods are consumed together (like tea and sugar), so when one becomes more expensive, demand for both decreases, not increases for the other. -> correct

Related questions:

2025: 27 May Shift 2

The total sum that the consumer has to spend on wheat in 2022?

2025: 28 May Shift 1

Which of the following would appropriately define a budget set?

2025: 15 May Shift 1

Which of the following are true about indifference curves?

(A) All the points lying on an indifference curve provide the consumer with different levels of satisfaction.

(B) Indifference curves are convex to the origin due to law of Diminishing Marginal Rate of Substitution.

(C) Higher indifference curve gives greater level of utility.

(D) In the case of perfect substitutes, indifference curves are straight lines.

Choose the correct answer from the options given below:

2025: 29 May Shift 2

A consumer is willing to give up 4 bananas if it is given an extra mango, but in the market, if it gives up 6 bananas, this bundle will be considered.

2022: 10 Aug Shift 2

If tea and coffee can be used in place of one another, then which of the following statements hold true ?

(A) Increase in price of tea leads to decrease in demand for coffee.

(B) Increase in price of tea leads to increase in demand for coffee.

(C) Tea and coffee are substitute goods.

(D) Decrease in price of tea leads to increase in price of coffee.

(E) Tea and Coffee are complimentary goods.

Choose the correct answer from the options given below :

2025: 21 May Shift 1

Good X and Y are considered to be substitutes by a consumer. He is currently consuming good X. If the price of Good Y decreases, then arrange the following in correct sequence.

(A) Demand for Good X decreases.

(B) Consumer finds Good Y to be relatively cheaper than Good X.

(C) Demand curve for Good X shifts to the left.

(D) Consumer shifts from Good X to Good Y.

Choose the correct answer from the options given below:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Economics Past Year Questions (Topic-Wise)