Macro

National Income

Medium

Match List-I with List-II

List-I List-II
(A) Non-monetary exchanges (I) Can be positive or negative
(B) Externalities (II) Price Index
(C) Per capita income (III) Domestic services by housewives
(D) GDP deflator (IV) Total income/Population

Choose the correct answer from the options given below:

List-I	List-II
(A) Non-monetary exchanges	(I) Can be positive or negative
(B) Externalities	(II) Price Index
(C) Per capita income	(III) Domestic services by housewives
(D) GDP deflator	(IV) Total income/Population

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

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

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

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

✅ Correct Option: 3

Option 3: (A) - (III), (B) - (I), (C) - (IV), (D) - (II) -> Let's match each concept correctly:

(A) Non-monetary exchanges refer to economic activities that don't involve money transactions. Domestic services by housewives (III) are a perfect example - they have economic value but aren't captured in GDP since no money is exchanged.

(B) Externalities are spillover effects of economic activities on third parties. They can be positive (I) like education benefiting society, or negative like pollution harming the environment.

(C) Per capita income is calculated as Total income/Population (IV). It represents the average income per person in an economy.

(D) GDP deflator is a Price Index (II) used to convert nominal GDP to real GDP by removing the effect of inflation. It measures the price level of all domestically produced goods and services.

Therefore, the correct matching is: (A)-(III), (B)-(I), (C)-(IV), (D)-(II) -> correct

2026: 11 May Shift 2

The tea leaves purchased by the consumer, are brewed to make drinkable tea. This is an example of:

2025: 16 May Shift 1

If for a hypothetical economy, the Net National Product at Factor cost is Rs 3580 crore, Net Indirect Taxes are Rs 35 crore and Net Current Transfers from the Rest of the World are Rs 240 crore, then what will be the value of National Disposable Income?

2025: 13 May Shift 1

The index of prices of a given basket of commodities which are bought by the representative consumer is known as :

2026: 11 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A.	GDP - Depreciation	I. GDP in two-sector economy
B.	Indirect Taxes - Subsidies	II. Disposable income
C.	Y = C + I	III. NDP
D.	Personal Income - Taxes	IV. Net indirect Taxes

Choose the correct answer from the options given below:

2025: 3 June Shift 2

Rahul buys $90 \text{ kg}$ of sugar and $5$ pairs of shoes in a year. In the year $2000$ , the price of a $\text{kg}$ of sugar was $\text{Rs } 10$ and a pair of shoes was $\text{Rs } 100$ . Now suppose the prices of a $\text{kg}$ of sugar and a pair of shoes have gone up to $\text{Rs } 15$ and $\text{Rs } 120$ in the year $2005$ . What is the Consumer Price Index?

2026: 21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Final durable goods which are used in the production process for creation of goods	(I) Depreciation
(B) Wear and tear of capital	(II) Product method
(C) Measuring aggregate value of final goods and services produced by all the firms is part of	(III) Net value added
(D) Deduction of the value of depreciation from gross value added	(IV) Capital goods

Choose the correct answer from the options given below:

Match List-I with List-II List-IList-II(A) Non-monetary exchanges(I) Can be positive or negative(B) Externalities(II) Price Index(C) Per capita income(III) Domestic services by housewives(D) GDP deflator(IV) Total income/Population Choose the correct answer from the options given below:

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Match List-I with List-II

List-I List-II
(A) Non-monetary exchanges (I) Can be positive or negative
(B) Externalities (II) Price Index
(C) Per capita income (III) Domestic services by housewives
(D) GDP deflator (IV) Total income/Population

Choose the correct answer from the options given below: