CUET Economics - Which of the following are the two basic economic problems faced by an economy? | PYQs + Solutions

CUET Economics 2026 11th May Shift 2

Micro

Easy

Allocation of limited resources and Distribution of goods and services.

Allocation of unlimited resources and Technology to be used for production.

Advance technology to be used for production and Optimal utilization of resources.

Optimal utilisation of resources and Distribution of goods and services.

✅ Correct Option: 1

Related questions:

CUET Economics 2022 Slot 5

Match List - I with List - II.

List - I	List - II
(A) Centrally planned economy	(I) Depends on demand and supply forces
(B) Mixed economy	(II) Economic problem
(C) Market economy	(III) Socialist economy
(D) Problem of choice	(IV) Public and Private sector

Choose the correct answer from the options given below :

22 May Shift 1

The scarcity of resources in the economy gives rise to the problem of............

15 May Shift 1

Which of the following depicts the central problem of economy, 'How to produce'?

CUET Economics 2026 11th May Shift 2 PYQs