CUET Economics - Goods or services that are collectively consumed; it is not possible to exclude anyone from enjoying their benefits and one person's consumption does not affect consumption of others. What type of good they are? | PYQs + Solutions

CUET Economics 2026 13th May Shift 1

Macro

Easy

Private goods

Merit goods

Social goods

Public goods

✅ Correct Option: 4

Related questions:

29 May Shift 2

From the following data, Calculate Primary Deficit.

	Rs (crore)
Revenue expenditure	22,250
Capital expenditure	28,000
Revenue receipts	17,750
Capital receipts (net of borrowing)	20,000
Interest payment	5,000
Borrowings	12,500

11 June Shift 3

Which deficit includes only such transactions that affect the current income and expenditure of the government ?

2 June Shift 1

Which of the following statements are incorrect?

(A) Loans from IMF is a Revenue Receipt.

(B) Capital Receipts are shown on the liabilities of the balance sheet.

(D) Revenue Deficit is the excess of capital receipts over the revenue receipts.

Choose the correct answer from the options given below:

CUET Economics 2026 13th May Shift 1 PYQs