Q1:
23rd May Shift 1
Macro > National Income
Easy
National Disposable Income is equal to ___________.
Correct Answer
Option 3
Correct Answer
CUET Economics 2026 23rd May Shift 1 PYQs
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Q2:
23rd May Shift 1
Macro > Balance of Payments
Medium
Identify the correct statements with respect to current account: A. Balance of trade is the difference between export and import of goods in given period of time. B. Current account records all international transactions of assets. C. Trade in services includes factor income and non-factor income transactions. D. Current account is in balance when capital inflows are equal to capital outflows. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q3:
23rd May Shift 1
Indian Economic Development > Economic Reforms (1991)
Medium
Arrange the following in chronological order, starting from the oldest. A. Introduction of New Economic policy B. Formation of World Trade Organisation C. Establishment of General Agreement on Trade and Tariff D. Removal of quantitative restrictions on imports of manufactured consumer goods and agricultural products Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q4:
23rd May Shift 1
Micro > Production & Costs
Easy
The average fixed cost (AFC) decreases as output (q) increases. If we multiply any value q of output with its corresponding AFC, we always get a constant, namely ___________.
Correct Answer
Option 3
Correct Answer
Q5:
23rd May Shift 1
Indian Economic Development > Development Experience of India
Easy
Match the LIST-I with LIST-II | LIST-I | | LIST-II | |---|---|---| | A. Great Leap Forward Campaign | I. | Students were sent to work and learn from the countryside | | B. Great Proletarian Cultural Revolution | II. | Collectively cultivated lands by people | | C. Special Economic Zones | III. | Industrialisation on massive scale | | D. Commune system | IV. | To attract foreign investors | Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q6:
23rd May Shift 1
Indian Economic Development > Employment
Easy
Worker Population Ratio indicates ___________.
Correct Answer
Option 2
Correct Answer
Q7:
23rd May Shift 1
Macro > Balance of Payments
Medium
Which of the following statements are correct in respect to Balance of payment? A. Exports of goods are entered on debit side. B. Transfer payments are receipts without rendering any services in return. C. Capital account includes external borrowings. D. Net invisibles are the part of current account. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q8:
23rd May Shift 1
Micro > Production & Costs
Easy
Match the LIST-I with LIST-II | LIST-I | | LIST-II | |---|---|---| | A. Production function | I. | Additional Product with change in input. | | B. Marginal Product (MP) | II. | Marginal product first increases and then begins to fall. | | C. Law of variable proportions | III. | Change in output due to change in factors. | | D. Returns to Scale | IV. | Relationship between inputs used and output produced. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q9:
23rd May Shift 1
Macro > Money & Banking
Easy
Suppose the initial deposits are Rs.1000 cr and the Statuary Liquidity Ratio is 20%. How much loan the bank can give from the given initial deposits?
Correct Answer
Option 1
Correct Answer
Q10:
23rd May Shift 1
Micro > Production & Costs
Easy
Keeping other factor constant, A change in the price of input brings about a change in the supply of a commodity. Arrange the process of this change in the correct sequence: A. The average cost of production of the commodity reduces. B. The supply of a commodity increases. C. The profit per unit of the producer rises. D. If the price of input falls. Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q11:
23rd May Shift 1
Micro > Consumer Behaviour
Medium
The total expenditure on a commodity rises from Rs.100 to Rs.150 as a result of an increase in the price of the commodity from Rs. 10 to Rs.15. Find out the elasticity of demand of this commodity by percentage method.
Correct Answer
Option 2
Correct Answer
Q12:
23rd May Shift 1
Macro > National Income
Medium
Based on given information, estimate the value of National Income: A. Compensation to employees in cash 300 cr B. Compensation to employees in kind 400 cr C. Operating surplus 865 cr D. Profits 280 cr E. Mixed Income 620 cr F. Net factor income from abroad (-) 30 cr Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q13:
23rd May Shift 1
Indian Economic Development > Development Experience of India
Easy
Identify the objective behind introduction of structural reforms in China.
Correct Answer
Option 3
Correct Answer
Q14:
23rd May Shift 1
Macro > Balance of Payments
Medium
Which one of the following statements is correct about the balance of payment (BOP)?
Correct Answer
Option 2
Correct Answer
Q15:
23rd May Shift 1
Macro > National Income
Medium
Given the Gross Domestic Product at market price if the country is not able to replace the capital stock lost through depreciation then the value of GDP will ___________.
Correct Answer
Option 3
Correct Answer
Q16:
23rd May Shift 1
Macro > Money & Banking
Easy
Identify the liabilities of the commercial banks from the following:
Correct Answer
Option 1
Correct Answer
Q17:
23rd May Shift 1
Macro > Money & Banking
Medium
Select the option which correctly describe the feature of Reverse Repurchase Agreement.
Correct Answer
Option 3
Correct Answer
Q18:
23rd May Shift 1
Macro > National Income
Easy
Which of the following activity is a limitation to GDP as an indicator of welfare?
Correct Answer
Option 2
Correct Answer
Q19:
23rd May Shift 1
Micro > Consumer Behaviour
Medium
Which one of the following statements is most suitable to the law of diminishing marginal utility?
Correct Answer
Option 2
Correct Answer
Q20:
23rd May Shift 1
Macro > Government Budget
Easy
Match the LIST-I with LIST-II | LIST-I | | LIST-II | |---|---|---| | A. Tax revenue | I. | Interest receipts | | B. Non-tax revenue | II. | Sale of shares in Public Sector Units | | C. Capital receipts | III. | Loans from another country | | D. Debt creating receipts | IV. | Corporation tax | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q21:
23rd May Shift 1
Macro > Money & Banking
Easy
Which of the following are the functions of money? A. Intermediary between the buyer and the seller. B. Expressing goods in monetary units. C. Helps in deferred payments. D. Helps in making a cashless society. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q22:
23rd May Shift 1
Indian Economic Development > Human Capital Formation
Easy
Human development is based on the idea that ___________ are the integral to human well being.
Correct Answer
Option 1
Correct Answer
Q23:
23rd May Shift 1
Macro > Government Budget
Easy
Which of the following statements explain the objectives (functions) of government budget? A. Provide goods which are non-rivalrous in nature B. Intervenes to stabilise the aggregate demand C. Can stabilise economy through change in bank rate D. Can change distribution of income and bring distribution which is fair by society Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q24:
23rd May Shift 1
Macro > Government Budget
Medium
In a hypothetical economy, the total expenditure is Rs.700 crore, revenue receipts are Rs. 300 crore, non-debt capital receipts is Rs. 250 crore and net interest liability is Rs. 50 crore. The primary deficit for such an economy would be ___________.
Correct Answer
Option 2
Correct Answer
Q25:
23rd May Shift 1
Macro > Government Budget
Easy
Revenue receipts are those receipts which___________.
Correct Answer
Option 3
Correct Answer
Q26:
23rd May Shift 1
Macro > National Income
Easy
Which of the following options related to the aggregates of national income is correct?
Correct Answer
Option 1
Correct Answer
Q27:
23rd May Shift 1
Macro > National Income
Medium
Identify the correct statement with regards two sector economy model: A. Total factor income is equal to aggregate consumption expenditure. B. Consumers can dispose off their earnings through spending their entire income on consumption. C. Balance of trade surplus. D. Fair society through progressive tax regime. Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q28:
23rd May Shift 1
Micro > Introduction
Easy
Which one of the following statement is correct?
Correct Answer
Option 4
Correct Answer
Q29:
23rd May Shift 1
Micro > Production & Costs
Easy
The Total Fixed Cost of producing a good is Rs. 20. The Total Cost of producing 3 units of a good is Rs. 44 while that of producing 4 units is Rs. 49. What would be the Marginal Cost of producing the 4th unit of the good?
Correct Answer
Option 1
Correct Answer
Q30:
23rd May Shift 1
Indian Economic Development > Economic Reforms (1991)
Easy
Identify the correct option which describes the objective of the Goods and Service Tax (GST)?
Correct Answer
Option 1
Correct Answer
Q31:
23rd May Shift 1
Indian Economic Development > Development Experience (1947-90)
Easy
The most important characteristic of India's foreign trade throughout the colonial period was ___________.
Correct Answer
Option 2
Correct Answer
Q32:
23rd May Shift 1
Macro > Income & Employment
Medium
Arrange the following steps in ascending order in respect to determination of equilibrium level of income in an economy as a result of change in autonomous expenditure: A. The output and aggregate demand will increase. B. In the economy autonomous investment increased by Rs. 10 Cr. C. The aggregate demand curve shifts in parallel upwards. D. The investment multiplier works in forward direction. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q33:
23rd May Shift 1
Indian Economic Development > Development Experience of India
Medium
Arrange the following events chronologically, starting from the oldest: A. Pakistan's first five-year plan B. Formation of the People's Republic of China C. India's first five-year plan D. China's first five-year plan Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q34:
23rd May Shift 1
Indian Economic Development > Development Experience (1947-90)
Easy
Match the LIST-I with LIST-II | LIST-I | | LIST-II | |---|---|---| | A. Land Reforms | I. | Portion of agricultural produce sold in the market. | | B. Land Ceiling | II. | Replacing imports with domestic production | | C. Marketed surplus | III. | Change in ownership of land holdings | | D. Import Substitution | IV. | Fixing maximum size of land an individual could hold | Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q35:
23rd May Shift 1
Micro > Market Equilibrium
Medium
Suppose the government sets a price for agricultural goods in the market. The market would react unless measures are taken by the government to maintain the price. Arrange the correct sequence for the procedure. A. There would be excess supply in the market. B. The government needs to buy the surplus at a pre-determined price. C. The prices would fall. D. Prices for agricultural goods are set higher than the market price by the government. Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q36:
23rd May Shift 1
Macro > Balance of Payments
Easy
Which one of the following is the major advantage of flexible exchange rate system?
Correct Answer
Option 3
Correct Answer
Q37:
23rd May Shift 1
Micro > Market Equilibrium
Easy
Suppose, there is an increase in the income of the consumers, that shifts the demand curve to the right. What will be the change in the equilibrium condition?
Correct Answer
Option 1
Correct Answer
Q38:
23rd May Shift 1
Macro > National Income
Easy
Match the LIST-I with LIST-II | LIST-I | | LIST-II | |---|---|---| | A. Final goods | I. | Variables defined over a period of time | | B. Flow | II. | Tools, machinery used in the production of goods and services | | C. Stock | III. | Goods are available for consumption | | D. Capital goods | IV. | Variables defined at a point of time | Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q39:
23rd May Shift 1
Micro > Market Equilibrium
Easy
If there is excess demand in the market, the price would tend to change. How would the demand change to bring the market back to the equilibrium?
Correct Answer
Option 2
Correct Answer
Q40:
23rd May Shift 1
Indian Economic Development > Rural Development
Easy
National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body to ___________.
Correct Answer
Option 3
Correct Answer
Q41:
23rd May Shift 1
Indian Economic Development > Sustainable Economic Development
Easy
The environment performs certain vital functions, like sustaining life. It would be able to function properly as long as the demand for these functions is within its carrying capacity. The rising population in developing nations and the affluent consumption standards of the developed nations has placed a huge stress on the environment. Resources are becoming extinct and waste is being generated beyond the absorptive capacity. As a result, we are on the threshold of an environmental crisis. Due to the overuse of renewable resources, we are compelled to spend on research and technology to explore new alternatives. Added to this are the health costs of the degraded environment, which are higher than the benefits received. Thus, the expenditure on health is also rising. Global environmental issues like global warming and ozone depletion also add up to the financial commitments of the government. These problems are not new, but the problems have escalated due to increased industrialisation and urbanisation. The need of the hour is to take effective steps at both the individual level and at the level of the governments around the globe to combat climate change and to prevent the planet. A UN conference on climate change held in Kyoto, Japan, in 1997 resulted in an international agreement to fight global warming which called for reduction in emissions of greenhouse gases by industrialised nations.
Which of the following statements gives the meaning of Absorbtive Capacity?
Correct Answer
Option 2
Correct Answer
Q42:
23rd May Shift 1
Indian Economic Development > Sustainable Economic Development
Easy
The environment performs certain vital functions, like sustaining life. It would be able to function properly as long as the demand for these functions is within its carrying capacity. The rising population in developing nations and the affluent consumption standards of the developed nations has placed a huge stress on the environment. Resources are becoming extinct and waste is being generated beyond the absorptive capacity. As a result, we are on the threshold of an environmental crisis. Due to the overuse of renewable resources, we are compelled to spend on research and technology to explore new alternatives. Added to this are the health costs of the degraded environment, which are higher than the benefits received. Thus, the expenditure on health is also rising. Global environmental issues like global warming and ozone depletion also add up to the financial commitments of the government. These problems are not new, but the problems have escalated due to increased industrialisation and urbanisation. The need of the hour is to take effective steps at both the individual level and at the level of the governments around the globe to combat climate change and to prevent the planet. A UN conference on climate change held in Kyoto, Japan, in 1997 resulted in an international agreement to fight global warming which called for reduction in emissions of greenhouse gases by industrialised nations.
Which of the following is not a function of environment?
Correct Answer
Option 2
Correct Answer
Q43:
23rd May Shift 1
Indian Economic Development > Sustainable Economic Development
Easy
The environment performs certain vital functions, like sustaining life. It would be able to function properly as long as the demand for these functions is within its carrying capacity. The rising population in developing nations and the affluent consumption standards of the developed nations has placed a huge stress on the environment. Resources are becoming extinct and waste is being generated beyond the absorptive capacity. As a result, we are on the threshold of an environmental crisis. Due to the overuse of renewable resources, we are compelled to spend on research and technology to explore new alternatives. Added to this are the health costs of the degraded environment, which are higher than the benefits received. Thus, the expenditure on health is also rising. Global environmental issues like global warming and ozone depletion also add up to the financial commitments of the government. These problems are not new, but the problems have escalated due to increased industrialisation and urbanisation. The need of the hour is to take effective steps at both the individual level and at the level of the governments around the globe to combat climate change and to prevent the planet. A UN conference on climate change held in Kyoto, Japan, in 1997 resulted in an international agreement to fight global warming which called for reduction in emissions of greenhouse gases by industrialised nations.
Which of the following can help in reducing global warming?
Correct Answer
Option 4
Correct Answer
Q44:
23rd May Shift 1
Indian Economic Development > Sustainable Economic Development
Easy
The environment performs certain vital functions, like sustaining life. It would be able to function properly as long as the demand for these functions is within its carrying capacity. The rising population in developing nations and the affluent consumption standards of the developed nations has placed a huge stress on the environment. Resources are becoming extinct and waste is being generated beyond the absorptive capacity. As a result, we are on the threshold of an environmental crisis. Due to the overuse of renewable resources, we are compelled to spend on research and technology to explore new alternatives. Added to this are the health costs of the degraded environment, which are higher than the benefits received. Thus, the expenditure on health is also rising. Global environmental issues like global warming and ozone depletion also add up to the financial commitments of the government. These problems are not new, but the problems have escalated due to increased industrialisation and urbanisation. The need of the hour is to take effective steps at both the individual level and at the level of the governments around the globe to combat climate change and to prevent the planet. A UN conference on climate change held in Kyoto, Japan, in 1997 resulted in an international agreement to fight global warming which called for reduction in emissions of greenhouse gases by industrialised nations.
Supply demand reversals of environmental resources account for current ___________.
Correct Answer
Option 3
Correct Answer
Q45:
23rd May Shift 1
Indian Economic Development > Sustainable Economic Development
Easy
The environment performs certain vital functions, like sustaining life. It would be able to function properly as long as the demand for these functions is within its carrying capacity. The rising population in developing nations and the affluent consumption standards of the developed nations has placed a huge stress on the environment. Resources are becoming extinct and waste is being generated beyond the absorptive capacity. As a result, we are on the threshold of an environmental crisis. Due to the overuse of renewable resources, we are compelled to spend on research and technology to explore new alternatives. Added to this are the health costs of the degraded environment, which are higher than the benefits received. Thus, the expenditure on health is also rising. Global environmental issues like global warming and ozone depletion also add up to the financial commitments of the government. These problems are not new, but the problems have escalated due to increased industrialisation and urbanisation. The need of the hour is to take effective steps at both the individual level and at the level of the governments around the globe to combat climate change and to prevent the planet. A UN conference on climate change held in Kyoto, Japan, in 1997 resulted in an international agreement to fight global warming which called for reduction in emissions of greenhouse gases by industrialised nations.
Which of the following statement define ozone depletion?
Correct Answer
Option 1
Correct Answer
Q46:
23rd May Shift 1
Macro > Income & Employment
Easy
The theory of income determination as given by John Maynard Keynes is based on the assumption that all the variables in the theory are Ex-ante. The theory of income determination is based on the analysis of Aggregate Demand and Aggregate Supply. The most important determinant of consumption demand is household income. A consumption function describes the relation between consumption and income. The simplest consumption function assumes that consumption changes at a constant rate as income changes. Even if income is zero, there is some consumption. This level of consumption is independent of income. There is another component of the consumption function which depends on the marginal propensity to consume (MPC) and hence is a dependent variable. While the average propensity to consume (APC) is the consumption per unit of income, the marginal propensity to consume is the rate of change in consumption due to income change.
The other part of the household income is savings. It is that part of the income which is not consumed. The average propensity to save (APS) is savings per unit of income. APS can be negative. It is when there is some consumption even at zero level of income or till that level of income, where consumption is greater than Income.
The value of APC+ APS will be:
Correct Answer
Option 4
Correct Answer
Q47:
23rd May Shift 1
Macro > Income & Employment
Easy
The theory of income determination as given by John Maynard Keynes is based on the assumption that all the variables in the theory are Ex-ante. The theory of income determination is based on the analysis of Aggregate Demand and Aggregate Supply. The most important determinant of consumption demand is household income. A consumption function describes the relation between consumption and income. The simplest consumption function assumes that consumption changes at a constant rate as income changes. Even if income is zero, there is some consumption. This level of consumption is independent of income. There is another component of the consumption function which depends on the marginal propensity to consume (MPC) and hence is a dependent variable. While the average propensity to consume (APC) is the consumption per unit of income, the marginal propensity to consume is the rate of change in consumption due to income change.
The other part of the household income is savings. It is that part of the income which is not consumed. The average propensity to save (APS) is savings per unit of income. APS can be negative. It is when there is some consumption even at zero level of income or till that level of income, where consumption is greater than Income.
The marginal propensity to consume is defined as:
Correct Answer
Option 4
Correct Answer
Q48:
23rd May Shift 1
Macro > Income & Employment
Easy
The theory of income determination as given by John Maynard Keynes is based on the assumption that all the variables in the theory are Ex-ante. The theory of income determination is based on the analysis of Aggregate Demand and Aggregate Supply. The most important determinant of consumption demand is household income. A consumption function describes the relation between consumption and income. The simplest consumption function assumes that consumption changes at a constant rate as income changes. Even if income is zero, there is some consumption. This level of consumption is independent of income. There is another component of the consumption function which depends on the marginal propensity to consume (MPC) and hence is a dependent variable. While the average propensity to consume (APC) is the consumption per unit of income, the marginal propensity to consume is the rate of change in consumption due to income change.
The other part of the household income is savings. It is that part of the income which is not consumed. The average propensity to save (APS) is savings per unit of income. APS can be negative. It is when there is some consumption even at zero level of income or till that level of income, where consumption is greater than Income.
Ex- ante variables are the variables which are :
Correct Answer
Option 1
Correct Answer
Q49:
23rd May Shift 1
Macro > Income & Employment
Easy
The theory of income determination as given by John Maynard Keynes is based on the assumption that all the variables in the theory are Ex-ante. The theory of income determination is based on the analysis of Aggregate Demand and Aggregate Supply. The most important determinant of consumption demand is household income. A consumption function describes the relation between consumption and income. The simplest consumption function assumes that consumption changes at a constant rate as income changes. Even if income is zero, there is some consumption. This level of consumption is independent of income. There is another component of the consumption function which depends on the marginal propensity to consume (MPC) and hence is a dependent variable. While the average propensity to consume (APC) is the consumption per unit of income, the marginal propensity to consume is the rate of change in consumption due to income change.
The other part of the household income is savings. It is that part of the income which is not consumed. The average propensity to save (APS) is savings per unit of income. APS can be negative. It is when there is some consumption even at zero level of income or till that level of income, where consumption is greater than Income.
The components of consumption function are:
Correct Answer
Option 4
Correct Answer
Q50:
23rd May Shift 1
Macro > Income & Employment
Easy
The theory of income determination as given by John Maynard Keynes is based on the assumption that all the variables in the theory are Ex-ante. The theory of income determination is based on the analysis of Aggregate Demand and Aggregate Supply. The most important determinant of consumption demand is household income. A consumption function describes the relation between consumption and income. The simplest consumption function assumes that consumption changes at a constant rate as income changes. Even if income is zero, there is some consumption. This level of consumption is independent of income. There is another component of the consumption function which depends on the marginal propensity to consume (MPC) and hence is a dependent variable. While the average propensity to consume (APC) is the consumption per unit of income, the marginal propensity to consume is the rate of change in consumption due to income change.
The other part of the household income is savings. It is that part of the income which is not consumed. The average propensity to save (APS) is savings per unit of income. APS can be negative. It is when there is some consumption even at zero level of income or till that level of income, where consumption is greater than Income.
The maximum value of MPC can be:
Correct Answer
Option 3
Correct Answer
CUET Economics 2026 23rd May Shift 1 - Past Year Questions
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