CUET Economics 2025 31 May Shift 1 PYQs

To find Gross value added, arrange the following in sequence :

(A) Import

(B) Export

(C) Domestic sales

(D) Domestic purchase of Raw material

(E) Change in inventories

Choose the correct answer from the options given below :

Accounting of National Income at constant price is called :

Nation X produces two goods; rice and cloth. A consumer buys 100 kg of rice and 10 pieces of cloth in a year. Suppose, in the year 2000, the price of rice was Rs 10/kg and a piece of cloth was Rs 100. Now suppose the prices of a kg rice and a piece of cloth have gone up to Rs 18 and Rs 120 in the year 2005. In the given example, the Consumer Price Index of the current year vis-a-vis the base year will be equal to ________.