CUET Economics 2025 21 May Shift 1 PYQs

Filter & Analyse PYQs (Topic-Wise) →

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ECO

Q1:

21 May Shift 1

Macro

Medium

Q1:

one.

zero.

infinity.

Between 1 and infinity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

21 May Shift 1

Macro

Medium

Q2:

50 crores.

100 crores.

200 crores.

250 crores.

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

21 May Shift 1

Macro

Medium

Q3:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

21 May Shift 1

Micro

Medium

Q4:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q5:

21 May Shift 1

Micro

Medium

Q5:

0 and 1 respectively.

1 and 0 respectively.

0 for both the consumers.

less than 1 for Arun and More than 1 for Varun.

Correct Answer

Option 2

Correct Answer

Explanation →

Q6:

21 May Shift 1

Macro

Medium

Q6:

Fixed exchange rate.

Flexible exchange rate.

Managed floating.

Gold Standard.

Correct Answer

Option 3

Correct Answer

Explanation →

Q7:

21 May Shift 1

Macro

Medium

Q7:

(A) and (B) only

(A) and (C) only

(A), (C) and (D) only

(B) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

21 May Shift 1

Macro

Medium

Q8:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

21 May Shift 1

Macro

Easy

Q9:

Lack of double coincidence of wants.

Lack of common measure of value.

Problem in storing the value

Lack of standard for deferred payments.

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

21 May Shift 1

Macro

Easy

Q10:

Increase the money supply in the economy.

Reduce the money supply in the economy.

Decrease the demand of people.

Leaves the money supply in the economy unaffected.

Correct Answer

Option 1

Correct Answer

Explanation →

Q11:

21 May Shift 1

Macro

Medium

Q11:

1200 crores

1500 crores

1800 crores

2000 crores

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

21 May Shift 1

Macro

Medium

Q12:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

21 May Shift 1

Micro

Easy

Q13:

Perfectly inelastic.

Unit elastic.

More than unit elastric.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

21 May Shift 1

Micro

Medium

Q14:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

21 May Shift 1

Micro

Medium

Q15:

Increase the consumption of X and decrease the consumption of Y.

Increase the consumption of Y and decrease the consumption of X.

Increase the consumption of X without changing the consumption of Y.

Keep his consumption level constant as he is already operating at equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

21 May Shift 1

Micro

Medium

Q16:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q17:

21 May Shift 1

Macro

Medium

Q17:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q18:

21 May Shift 1

Macro

Medium

Q18:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q19:

21 May Shift 1

Micro

Medium

Q19:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q20:

21 May Shift 1

Micro

Medium

Q20:

(A) and (B) only

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

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

(A), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

21 May Shift 1

Micro

Medium

Q21:

Less than 1.

Equal to 1.

More than 1.

Not defined (infinity).

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

21 May Shift 1

Micro

Easy

Q22:

Increase the level of output.

Decrease the level of output.

Should keep the output level constant.

Should reduce the price of the product.

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

21 May Shift 1

Macro

Medium

Q23:

Current transfers to the rest of the world

Profits of the firm net of corporate taxes

Other current transfers from the rest of the world

profits of the firm net of retained earnings

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

21 May Shift 1

Micro

Medium

Q24:

Downward sloping and concave to the origin.

Downward sloping and convex to the origin.

Downward sloping and linear.

Upward sloping straight line.

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

21 May Shift 1

Macro

Medium

Q25:

National income is likely to rise.

National income is likely to fall.

The economy is already at equilibrium so there will be no change in national income.

The income initially rises and then falls.

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

21 May Shift 1

Macro

Medium

Q26:

₹ 12500

₹16000

₹20000

₹25000

Correct Answer

Option 2

Correct Answer

Explanation →

Q27:

21 May Shift 1

Macro

Medium

Q27:

infinity

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

21 May Shift 1

Micro

Medium

Q28:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q29:

21 May Shift 1

Micro

Medium

Q29:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q30:

21 May Shift 1

Economics

Easy

Q30:

What to produce?

How to produce?

For whom to produce?

Economising of resources

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

21 May Shift 1

Macro

Medium

Q31:

Net investment income.

Gifts, grants and remittances.

Net income from compensation of employees.

Offshore funds.

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

21 May Shift 1

Macro

Medium

Q32:

Depreciation of domestic currency.

Appreciation of domestic currency.

Devaluation of domestic currency.

Revaluation of domestic currency.

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

21 May Shift 1

Micro

Medium

Q33:

Parallel to x axis.

Parallel to y axis.

Downward sloping rectangular hyperbola.

Downward sloping straight line forming and angle of 135° with x axis.

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

21 May Shift 1

Macro

Medium

Q34:

Chalks used in a private school.

Seeds used by a farmer.

Rice purchased from a grocery store by a restaurant

Car used as a taxi by a person

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

21 May Shift 1

Macro

Medium

Q35:

(B) and (C) only

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

(A) and (B) only

(A) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

21 May Shift 1

Macro

Medium

Q36:

₹700 million

₹800 million

₹900 million

₹1000 million

Correct Answer

Option 3

Correct Answer

Explanation →

Q37:

21 May Shift 1

Macro

Hard

Q37:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

21 May Shift 1

Macro

Medium

Q38:

Current account on the debit side.

Current account on the credit side.

Capital account on the debit side.

Capital account on the credit side.

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

21 May Shift 1

Micro

Medium

Q39:

Constant.

Decreasing.

Increasing.

First decreasing and then increasing.

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

21 May Shift 1

Macro

Easy

Q40:

Fiduciary money.

Intrinsic value money.

Non legal tender money.

Fiat money.

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

21 May Shift 1

Micro

Medium

Q41:

Excess demand of 20 units.

Excess supply of 20 units.

Excess demand for 50 units.

Excess supply of 30 units.

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

21 May Shift 1

Micro

Easy

Q42:

Consumers.

Producers.

Both consumers and producers.

Government.

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

21 May Shift 1

Micro

Medium

Q43:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

21 May Shift 1

Micro

Easy

Q44:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

21 May Shift 1

Economics

Easy

Q45:

The wage rate will fall.

The wage rate will rise.

The wage rate will remain unaffected.

Unemployment will increase.

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

21 May Shift 1

Macro

Medium

Q46:

CGST only.

SGST only.

IGST only.

No GST will be levied as laptops are kept outside the ambit of GST.

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

21 May Shift 1

Macro

Medium

Q47:

Value Added Tax.

Custom Duty.

Central Excise Duty.

Central Sales Tax.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

21 May Shift 1

Macro

Medium

Q48:

Alcohol and tobacco products.

Alcohol and petroleum products.

Petroleum products and tobacco products.

Alcohol, tobacco products and petroleum products.

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

21 May Shift 1

Macro

Easy

Q49:

It has facilitated the freedom of movement of goods and services and created a common market in the country.

It has increased the cost of business operations.

It has reduced the cascading effect of various taxes on consumers.

It has made Indian products more competitive in the domestic and international markets.

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

21 May Shift 1

Indian Economic Development

Medium

Q50:

Higher Transparency in tax regime.

It has contracted the tax basre.

Ease of doing business.

It reduced human interference.

Correct Answer

Option 2

Correct Answer

Explanation →

CUET Economics 2025 21 May Shift 1 - Past Year Questions

Practice with our comprehensive collection of CUET Economics 2025 21 May Shift 1 Past Year Questions (PYQs) with detailed solutions. No login required. We have created handwritten solutions for all CUET Economics questions for free!

CUET Economics 2025 21 May Shift 1 PYQs

Filter & Analyse PYQs (Topic-Wise) →

No login required. No pop-ups. We have all previous-year questions with solutions for free!

ECO

Q1:

21 May Shift 1

Macro

Medium

Q1:

one.

zero.

infinity.

Between 1 and infinity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

21 May Shift 1

Macro

Medium

Q2:

50 crores.

100 crores.

200 crores.

250 crores.

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

21 May Shift 1

Macro

Medium

Q3:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

21 May Shift 1

Micro

Medium

Q4:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q5:

21 May Shift 1

Micro

Medium

Q5:

0 and 1 respectively.

1 and 0 respectively.

0 for both the consumers.

less than 1 for Arun and More than 1 for Varun.

Correct Answer

Option 2

Correct Answer

Explanation →

Q6:

21 May Shift 1

Macro

Medium

Q6:

Fixed exchange rate.

Flexible exchange rate.

Managed floating.

Gold Standard.

Correct Answer

Option 3

Correct Answer

Explanation →

Q7:

21 May Shift 1

Macro

Medium

Q7:

(A) and (B) only

(A) and (C) only

(A), (C) and (D) only

(B) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

21 May Shift 1

Macro

Medium

Q8:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

21 May Shift 1

Macro

Easy

Q9:

Lack of double coincidence of wants.

Lack of common measure of value.

Problem in storing the value

Lack of standard for deferred payments.

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

21 May Shift 1

Macro

Easy

Q10:

Increase the money supply in the economy.

Reduce the money supply in the economy.

Decrease the demand of people.

Leaves the money supply in the economy unaffected.

Correct Answer

Option 1

Correct Answer

Explanation →

Q11:

21 May Shift 1

Macro

Medium

Q11:

1200 crores

1500 crores

1800 crores

2000 crores

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

21 May Shift 1

Macro

Medium

Q12:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

21 May Shift 1

Micro

Easy

Q13:

Perfectly inelastic.

Unit elastic.

More than unit elastric.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

21 May Shift 1

Micro

Medium

Q14:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

21 May Shift 1

Micro

Medium

Q15:

Increase the consumption of X and decrease the consumption of Y.

Increase the consumption of Y and decrease the consumption of X.

Increase the consumption of X without changing the consumption of Y.

Keep his consumption level constant as he is already operating at equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

21 May Shift 1

Micro

Medium

Q16:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q17:

21 May Shift 1

Macro

Medium

Q17:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q18:

21 May Shift 1

Macro

Medium

Q18:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q19:

21 May Shift 1

Micro

Medium

Q19:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q20:

21 May Shift 1

Micro

Medium

Q20:

(A) and (B) only

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

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

(A), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

21 May Shift 1

Micro

Medium

Q21:

Less than 1.

Equal to 1.

More than 1.

Not defined (infinity).

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

21 May Shift 1

Micro

Easy

Q22:

Increase the level of output.

Decrease the level of output.

Should keep the output level constant.

Should reduce the price of the product.

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

21 May Shift 1

Macro

Medium

Q23:

Current transfers to the rest of the world

Profits of the firm net of corporate taxes

Other current transfers from the rest of the world

profits of the firm net of retained earnings

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

21 May Shift 1

Micro

Medium

Q24:

Downward sloping and concave to the origin.

Downward sloping and convex to the origin.

Downward sloping and linear.

Upward sloping straight line.

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

21 May Shift 1

Macro

Medium

Q25:

National income is likely to rise.

National income is likely to fall.

The economy is already at equilibrium so there will be no change in national income.

The income initially rises and then falls.

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

21 May Shift 1

Macro

Medium

Q26:

₹ 12500

₹16000

₹20000

₹25000

Correct Answer

Option 2

Correct Answer

Explanation →

Q27:

21 May Shift 1

Macro

Medium

Q27:

infinity

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

21 May Shift 1

Micro

Medium

Q28:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q29:

21 May Shift 1

Micro

Medium

Q29:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q30:

21 May Shift 1

Economics

Easy

Q30:

What to produce?

How to produce?

For whom to produce?

Economising of resources

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

21 May Shift 1

Macro

Medium

Q31:

Net investment income.

Gifts, grants and remittances.

Net income from compensation of employees.

Offshore funds.

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

21 May Shift 1

Macro

Medium

Q32:

Depreciation of domestic currency.

Appreciation of domestic currency.

Devaluation of domestic currency.

Revaluation of domestic currency.

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

21 May Shift 1

Micro

Medium

Q33:

Parallel to x axis.

Parallel to y axis.

Downward sloping rectangular hyperbola.

Downward sloping straight line forming and angle of 135° with x axis.

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

21 May Shift 1

Macro

Medium

Q34:

Chalks used in a private school.

Seeds used by a farmer.

Rice purchased from a grocery store by a restaurant

Car used as a taxi by a person

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

21 May Shift 1

Macro

Medium

Q35:

(B) and (C) only

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

(A) and (B) only

(A) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

21 May Shift 1

Macro

Medium

Q36:

₹700 million

₹800 million

₹900 million

₹1000 million

Correct Answer

Option 3

Correct Answer

Explanation →

Q37:

21 May Shift 1

Macro

Hard

Q37:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

21 May Shift 1

Macro

Medium

Q38:

Current account on the debit side.

Current account on the credit side.

Capital account on the debit side.

Capital account on the credit side.

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

21 May Shift 1

Micro

Medium

Q39:

Constant.

Decreasing.

Increasing.

First decreasing and then increasing.

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

21 May Shift 1

Macro

Easy

Q40:

Fiduciary money.

Intrinsic value money.

Non legal tender money.

Fiat money.

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

21 May Shift 1

Micro

Medium

Q41:

Excess demand of 20 units.

Excess supply of 20 units.

Excess demand for 50 units.

Excess supply of 30 units.

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

21 May Shift 1

Micro

Easy

Q42:

Consumers.

Producers.

Both consumers and producers.

Government.

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

21 May Shift 1

Micro

Medium

Q43:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

21 May Shift 1

Micro

Easy

Q44:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

21 May Shift 1

Economics

Easy

Q45:

The wage rate will fall.

The wage rate will rise.

The wage rate will remain unaffected.

Unemployment will increase.

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

21 May Shift 1

Macro

Medium

Q46:

CGST only.

SGST only.

IGST only.

No GST will be levied as laptops are kept outside the ambit of GST.

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

21 May Shift 1

Macro

Medium

Q47:

Value Added Tax.

Custom Duty.

Central Excise Duty.

Central Sales Tax.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

21 May Shift 1

Macro

Medium

Q48:

Alcohol and tobacco products.

Alcohol and petroleum products.

Petroleum products and tobacco products.

Alcohol, tobacco products and petroleum products.

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

21 May Shift 1

Macro

Easy

Q49:

It has facilitated the freedom of movement of goods and services and created a common market in the country.

It has increased the cost of business operations.

It has reduced the cascading effect of various taxes on consumers.

It has made Indian products more competitive in the domestic and international markets.

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

21 May Shift 1

Indian Economic Development

Medium

Q50:

Higher Transparency in tax regime.

It has contracted the tax basre.

Ease of doing business.

It reduced human interference.

Correct Answer

Option 2

Correct Answer

Explanation →