CUET Economics 2025 22 May Shift 2 PYQs

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.

Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method.

(A) Adding consumption of fixed capital and Net Indirect Taxes.

(B) Classify the economy into primary, secondary and tertiary sectors.

(C) Estimation of Factor income within domestic territory.

(D) Adding Net factor income from abroad.

Match List-I with List-II

List-I	List-II
(A). Gross Domestic Product at Market Prices (GDPMP)	(I). C + I + G + (X - M)
(B). Gross Domestic Product at Factor Cost (GDPFC)	(II). GDPMP - Depreciation
(C). Net Domestic Product at Market Prices (NDPMP)	(III). GDPMP - Net Product Taxes
(D). Net Domestic Product at Factor Cost (NDPFC)	(IV). NDPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below: