CUET Economics 2025 21 May Shift 1 PYQs

Match List-I with List-II

List-I	List-II
(A) Parallel inward shift in budget line	(I) M/p₁ > M/p₁'
(B) Parallel outward shift in budget line	(II) M/p₁ < M/p₁'
(C) Budget line steeper	(III) M' < M
(D) Budget line flatter	(IV) M' > M

Choose the correct answer from the options given below:

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:

Which of the following would appropriately define a budget set?

1. $P_1X_1+P_2X_2 \ge M$.
2. $P_1X_1+P_2X_2 < M$.
3. $P_1X_1+P_2X_2 > M$.
4. $P_1X_1+P_2X_2 \le M$.