CUET Economics - Choose the correct statements: (A) Intermediate goods are used as raw materials or inputs for production of other commodities. (B) Consumer goods are consumed when purchased by their ultimate consumers. (C) Intermediate goods crossed production process boundary. (D) Capital goods have a durable character which are used in the production process. | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Macro

Medium

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 1

Related questions:

28 May Shift 1

This is the index of prices of a given basket of commodities which are bought by the representative customer. Two years under consideration are kept – one is the base year, the other is the current year. First, the cost of purchase of a given basket of commodities in the base year is calculated. Then the cost of purchase of the same basket in the current year is calculated. Then we express the latter as a percentage of the former.

This index is called :

Customer Index Pricing
Consumer Index Pricing
Consumer Price Index
Customer Price Index

28 May Shift 1

Which government body is responsible for reporting GDP in India ?

Department of Revenue
Central Board of Direct Taxes
Central Statistics Office
Niti Ayog

26 May Shift 2

The value of the nominal GNP of an economy was Rs 5000 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs 6000 crores. What is the value of the GNP deflator of the year.

CUET Economics 2025 14 May Shift 1 PYQs

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