Q1:
13h May Shift 2
Macro > Introduction
Easy
A typical capitalist enterprise has one or several:
Correct Answer
Option 1
Correct Answer
CUET Economics 2026 13h May Shift 2 PYQs
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Q2:
13h May Shift 2
Micro > Production & Costs
Medium
Choose correct statements from the following with reference to short-run cost curves: (A) AVC and AC curves are 'U'-shaped. (B) SMC curve cuts the AVC curve from below at the minimum point of AVC. (C) AVC curve cuts the SMC curve from below at the minimum point of SMC. (D) SMC curve is 'U' -shaped. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q3:
13h May Shift 2
Micro > Production & Costs
Easy
Which of the following law depict that "Marginal product of a factor input initially rises then after reaching a certain level of employment, it starts falling".
Correct Answer
Option 3
Correct Answer
Q4:
13h May Shift 2
Micro > Market Equilibrium
Easy
In the perfect competition, the government regulation on goods which results in the creation of a black market is called ?
Correct Answer
Option 1
Correct Answer
Q5:
13h May Shift 2
Micro > Consumer Behaviour
Easy
Given the consumer's income and preferences, if the price of tea increases, the demand curve for coffee will ?
Correct Answer
Option 4
Correct Answer
Q6:
13h May Shift 2
Macro > Balance of Payments
Medium
Arrange the following statements in correct order in the context of flexible exchange rate system. (A) When income increases, consumer spending increases. (B) Shift in demand curve for foreign exchange towards right. (C) Spending on imported goods increases. (D) Depreciation of domestic currency with respect to foreign currency. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q7:
13h May Shift 2
Macro > Balance of Payments
Easy
The country could use its reserves of foreign exchange in order to balance any deficit in its balance of payments. The reserve bank sells foreign exchange when there is a deficit is called ?
Correct Answer
Option 3
Correct Answer
Q8:
13h May Shift 2
Indian Economic Development > Human Capital Formation
Medium
Arrange the following events in chronological order. (A) The Constitution of India. (B) Right of Children to Free and Compulsory Education Act. (C) The Tapas Majumdar Committee. (D) Discontinuation of five-year planning. Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q9:
13h May Shift 2
Macro > National Income
Easy
When Indians buy foreign goods, this spending escapes as a __________ from the circular flow of income decreasing aggregate demand.
Correct Answer
Option 4
Correct Answer
Q10:
13h May Shift 2
Indian Economic Development > Development Experience of India
Easy
India is not a member of which of the following regional and global economic groups?
Correct Answer
Option 4
Correct Answer
Q11:
13h May Shift 2
Macro > Balance of Payments
Easy
Suppose the Indian government wants to encourage exports and fix a higher exchange rate, say Rs 100 per dollar from the current exchange rate of Rs 80 per dollar. This government action in the exchange rate system is called as?
Correct Answer
Option 2
Correct Answer
Q12:
13h May Shift 2
Micro > Forms of Market
Medium
Match List-I with List-II | List-I | List-II | |---|---| | (A) Price-takers | (I) Break-even point. | | (B) Price less than minimum point of AVC curve | (II) Normal profit. | | (C) A firm earns normal profit | (III) Perfectly Competitive Market. | | (D) A firm covers the explicit costs and opportunity costs | (IV) Shut down point. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q13:
13h May Shift 2
Indian Economic Development > Economic Reforms (1991)
Medium
Which is NOT an example of public enterprise with their status as 'Miniratnas'?
Correct Answer
Option 1
Correct Answer
Q14:
13h May Shift 2
Macro > Government Budget
Medium
Choose the non-planned budgetary expenditure from the following: (A) Central assistant to state. (B) Defence Services. (C) Subsidies. (D) Salaries and Pensions. Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q15:
13h May Shift 2
Indian Economic Development > Rural Development
Easy
Which of the following are the examples of alternative marketing channels through which farmers directly sell their produce to the consumers? (A) Rythu Bazars. (B) Uzhavar Mandies. (C) Apni Mandi. (D) Hadaspar Mandi. Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q16:
13h May Shift 2
Macro > Income & Employment
Easy
Calculate the equilibrium value of the output and aggregate demand when autonomous investment and consumption $(\overline{C} + \overline{I})$ is Rs. 80 crores and MPC is 0.2.
Correct Answer
Option 2
Correct Answer
Q17:
13h May Shift 2
Macro > Government Budget
Medium
Match List-I with List-II | List-I | List-II | |---|---| | (A) Revenue Budget | (I) Dissaving. | | (B) Capital Account | (II) Present Fiscal Imbalances. | | (C) Revenue Deficit | (III) Current Financial Year. | | (D) Primary Deficit | (IV) Assets and Liabilities. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q18:
13h May Shift 2
Micro > Forms of Market
Easy
Suppose the market for cricket balls is perfectly competitive. When the price of a cricket ball is Rs 20, let us assume that 400 cricket balls are supplied by the firms in the market. When the price of a cricket ball rises to Rs 60, let us assume that 2,000 cricket balls are supplied in aggregate by the firms in the market. What will be the value of price elasticity of supply?
Correct Answer
Option 2
Correct Answer
Q19:
13h May Shift 2
Indian Economic Development > Economic Reforms (1991)
Easy
Match List-I with List-II | List-I | List-II | |---|---| | (A) Industrial Sector Reforms | (I) Role of RBI from regulator to facilitator | | (B) Financial Sector Reforms | (II) Dereservation and price fixation by market | | (C) Disinvestment | (III) Selling off part of the equity of PSEs. | | (D) Outsourcing | (IV) Hiring regular service from external sources. | Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q20:
13h May Shift 2
Micro > Introduction
Easy
In the course of basic economic activities, every society has to face a scarcity of resources, and the scarcity of resources rises which of the following problem?
Correct Answer
Option 3
Correct Answer
Q21:
13h May Shift 2
Macro > Money & Banking
Medium
Arrange the following measures of money supply in ascending order of their liquidity. (A) Currency + Demand Deposits. (B) M1 + Net time deposits of commercial banks. (C) M1 + Savings deposits with Post Office savings banks. (D) M3 + Total deposits with Post Office savings organisations (excluding National Savings Certificates). Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q22:
13h May Shift 2
Macro > National Income
Easy
A firm produces Rs 500 worth of goods per year, Rs 80 is the value of intermediate goods used by it during the year and Rs 30 is the value of capital consumption. What is the net value added per year?
Correct Answer
Option 4
Correct Answer
Q23:
13h May Shift 2
Indian Economic Development > Development Experience (1947-90)
Easy
What were the main reasons for the high mortality rate in India on the eve of independence? (A) Lack of adequate public health facilities. (B) Occurrence of frequent natural calamities. (C) Famines. (D) Demographic transition. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q24:
13h May Shift 2
Indian Economic Development > Development Experience (1947-90)
Medium
Match List-I with List-II | List-I | List-II | |---|---| | (A) Special Economic Zones | (I) Attract foreign investors. | | (B) Five Year Plans | (II) Development strategies. | | (C) Mixed Economy | (III) Import substitution-based industrialisation. | | (D) Regulated policy framework | (IV) Co-existence of public and private sectors. | Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q25:
13h May Shift 2
Macro > Government Budget
Easy
When governments intervene to determine whether to expand demand or reduce it, constitutes which of the following governments functions?
Correct Answer
Option 4
Correct Answer
Q26:
13h May Shift 2
Macro > Money & Banking
Easy
Exchange of commodities without the mediation of money is called as?
Correct Answer
Option 3
Correct Answer
Q27:
13h May Shift 2
Macro > Government Budget
Medium
Calculate the value of the government expenditure multiplier at a given MPC = 0.80 and tax rate = 0.25.
Correct Answer
Option 1
Correct Answer
Q28:
13h May Shift 2
Micro > Production & Costs
Easy
Keeping all other inputs constant, when a firm changes the labour from 3 to 4, the total product changes from 40 to 50. What is the marginal product of the 4th unit of labour?
Correct Answer
Option 3
Correct Answer
Q29:
13h May Shift 2
Macro > Money & Banking
Easy
Which of the following is most commonly used measures of money supply, also known as aggregate monetary resources?
Correct Answer
Option 3
Correct Answer
Q30:
13h May Shift 2
Indian Economic Development > Employment
Easy
Workers who own and operate an enterprise to earn their livelihood are known as ?
Correct Answer
Option 2
Correct Answer
Q31:
13h May Shift 2
Macro > Introduction
Easy
Produced goods are distributed among people on the basis of their Purchasing Power instead of their need such an economic society is known as ?
Correct Answer
Option 4
Correct Answer
Q32:
13h May Shift 2
Indian Economic Development > Development Experience of India
Easy
Arrange the following events in chronological order. (A) Formation of People's Republic of China. (B) Great Leap Forward (GLF). (C) Structural Reform in China. (D) Great Proletarian Cultural Revolution. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q33:
13h May Shift 2
Macro > National Income
Easy
When the income is being spent on the goods and services produced by the firms, it takes the form of ________ received by the firms.
Correct Answer
Option 2
Correct Answer
Q34:
13h May Shift 2
Micro > Market Equilibrium
Easy
Arrange the following statements in correct sequence to determine the market equilibrium when the number of firms is fixed. (A) There is excess demand in the market. (B) Quantity demanded falls due to law of demand and quantity supplied increases due to law of supply(keeping other factors constant) (C) The market price would tend to increase. (D) The market moves towards the point where the quantity that the firms want to sell is equal to the quantity that the consumers want to buy. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q35:
13h May Shift 2
Macro > Introduction
Easy
'Economic Consequences of the Peace' was published in which of the following year?
Correct Answer
Option 2
Correct Answer
Q36:
13h May Shift 2
Macro > Introduction
Easy
Select the correct statements from the following in the context of macroeconomics. (A) It deals with the aggregate economic variables. (B) It has emerged as a separate subject in the 1930s. (C) It takes into account various interlinkages between the different sectors of an economy. (D) It mostly examines the functioning of the particular sector of the economy. Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer
Q37:
13h May Shift 2
Macro > Money & Banking
Medium
When the central bank buys the security, this agreement of purchase also has specifications about the date and price of resale of this security. The rate at which these agreements are carried out is known as ?
Correct Answer
Option 1
Correct Answer
Q38:
13h May Shift 2
Micro > Consumer Behaviour
Easy
Identify an analysis which assumes that the level of utility can be expressed in numbers?
Correct Answer
Option 1
Correct Answer
Q39:
13h May Shift 2
Macro > National Income
Medium
Match List-I with List-II | List-I | List-II | |---|---| | (A) C + I +G + X –M | (I) Gross National Product at Market Prices. | | (B) GDP_MP – Net indirect tax | (II) Net National Product at Market Prices. | | (C) GDP_MP + NFIA | (III) Gross Domestic Product at Market Prices. | | (D) GNP_MP - Depreciation | (IV) Gross Domestic Product at Factor Cost. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q40:
13h May Shift 2
Macro > National Income
Easy
The index of prices of a given basket of commodities which are bought by the representative consumers is called ?
Correct Answer
Option 1
Correct Answer
Q41:
13h May Shift 2
Macro > Income & Employment
Easy
In an economy without a government, the ex ante aggregate demand for final goods is the sum total of the ex ante consumption expenditure and ex-ante investment expenditure on such goods. Ex -ante supply is equal to ex ante demand only when the final goods market, and hence the economy, is in equilibrium. If ex ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year, stocks will be piling up in the warehouses, which may be considered as an unintended accumulation of inventories. Change in inventory is called inventory investment. It can be negative as well as positive: if there is a rise in inventory, it is positive inventory investment, while a depletion of inventory is negative inventory investment. The inventory investment can take place for two reasons: (i) the firm decides to keep some stocks for various reasons (ii) the sales differ from the planned level of sales, in which case the firm has to add to/run down existing inventories.
The ex-ante term refers to ?
Correct Answer
Option 3
Correct Answer
Q42:
13h May Shift 2
Macro > Income & Employment
Easy
In an economy without a government, the ex ante aggregate demand for final goods is the sum total of the ex ante consumption expenditure and ex-ante investment expenditure on such goods. Ex -ante supply is equal to ex ante demand only when the final goods market, and hence the economy, is in equilibrium. If ex ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year, stocks will be piling up in the warehouses, which may be considered as an unintended accumulation of inventories. Change in inventory is called inventory investment. It can be negative as well as positive: if there is a rise in inventory, it is positive inventory investment, while a depletion of inventory is negative inventory investment. The inventory investment can take place for two reasons: (i) the firm decides to keep some stocks for various reasons (ii) the sales differ from the planned level of sales, in which case the firm has to add to/run down existing inventories.
The algebraic expression of aggregate demand for final goods can be written as:
Correct Answer
Option 4
Correct Answer
Q43:
13h May Shift 2
Macro > Income & Employment
Easy
In an economy without a government, the ex ante aggregate demand for final goods is the sum total of the ex ante consumption expenditure and ex-ante investment expenditure on such goods. Ex -ante supply is equal to ex ante demand only when the final goods market, and hence the economy, is in equilibrium. If ex ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year, stocks will be piling up in the warehouses, which may be considered as an unintended accumulation of inventories. Change in inventory is called inventory investment. It can be negative as well as positive: if there is a rise in inventory, it is positive inventory investment, while a depletion of inventory is negative inventory investment. The inventory investment can take place for two reasons: (i) the firm decides to keep some stocks for various reasons (ii) the sales differ from the planned level of sales, in which case the firm has to add to/run down existing inventories.
The level of consumption, which is independent of income, is called ?
Correct Answer
Option 1
Correct Answer
Q44:
13h May Shift 2
Macro > Income & Employment
Easy
In an economy without a government, the ex ante aggregate demand for final goods is the sum total of the ex ante consumption expenditure and ex-ante investment expenditure on such goods. Ex -ante supply is equal to ex ante demand only when the final goods market, and hence the economy, is in equilibrium. If ex ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year, stocks will be piling up in the warehouses, which may be considered as an unintended accumulation of inventories. Change in inventory is called inventory investment. It can be negative as well as positive: if there is a rise in inventory, it is positive inventory investment, while a depletion of inventory is negative inventory investment. The inventory investment can take place for two reasons: (i) the firm decides to keep some stocks for various reasons (ii) the sales differ from the planned level of sales, in which case the firm has to add to/run down existing inventories.
If ex ante demand falls short of the output of final goods that the producers have planned to produce in a given year, this is known as:
Correct Answer
Option 3
Correct Answer
Q45:
13h May Shift 2
Macro > Income & Employment
Easy
In an economy without a government, the ex ante aggregate demand for final goods is the sum total of the ex ante consumption expenditure and ex-ante investment expenditure on such goods. Ex -ante supply is equal to ex ante demand only when the final goods market, and hence the economy, is in equilibrium. If ex ante demand for final goods falls short of the output of final goods that the producers have planned to produce in a given year, stocks will be piling up in the warehouses, which may be considered as an unintended accumulation of inventories. Change in inventory is called inventory investment. It can be negative as well as positive: if there is a rise in inventory, it is positive inventory investment, while a depletion of inventory is negative inventory investment. The inventory investment can take place for two reasons: (i) the firm decides to keep some stocks for various reasons (ii) the sales differ from the planned level of sales, in which case the firm has to add to/run down existing inventories.
The ex -ante output of final goods can also be considered as ?
Correct Answer
Option 1
Correct Answer
Q46:
13h May Shift 2
Indian Economic Development > Sustainable Economic Development
Easy
The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic factors that influence each other. The environment performs four vital functions (i) it supplies resources, (ii) it assimilates waste (iii) it sustains life by providing genetic and bio diversity and (iv) it also provides aesthetic services like scenery etc. The environment is able to perform these functions without any interruption as long as the demand on these functions is within its carrying capacity. Many resources have become extinct, and the wastes generated are beyond the absorptive capacity of the environment. Absorptive capacity means the ability of the environment to absorb degradation. Land in India suffers from varying degrees and types of degradation stemming mainly from unstable use and inappropriate management practices. Some of the factors responsible for land degradation are (i) loss of vegetation occuring due to deforestation (ii) unsustainable wood and fodder extraction (iii) shifting cultivation (iv) encroachment into forest lands (v) forest fires and over grazing (vi) non-adoption of adequate soil conservation measures (vii) improper crop rotation etc. In order to address two major environmental concerns in India, viz. water and air pollution, the government set up the Central Pollution Control Board (CPCB) in 1974. The environment and economy are interdependent and need each other. Hence, development that ignores its repercussions on the environment will destroy the environment that sustains life forms. What is needed is sustainable development. The Brundtland commission defines sustainable development that will allow all future generations to have a potential average quality of life that is at least as high as that which is being enjoyed by the current generation.
Which of the following body was settled to address major environmental concerns in India?
Correct Answer
Option 2
Correct Answer
Q47:
13h May Shift 2
Indian Economic Development > Sustainable Economic Development
Easy
The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic factors that influence each other. The environment performs four vital functions (i) it supplies resources, (ii) it assimilates waste (iii) it sustains life by providing genetic and bio diversity and (iv) it also provides aesthetic services like scenery etc. The environment is able to perform these functions without any interruption as long as the demand on these functions is within its carrying capacity. Many resources have become extinct, and the wastes generated are beyond the absorptive capacity of the environment. Absorptive capacity means the ability of the environment to absorb degradation. Land in India suffers from varying degrees and types of degradation stemming mainly from unstable use and inappropriate management practices. Some of the factors responsible for land degradation are (i) loss of vegetation occuring due to deforestation (ii) unsustainable wood and fodder extraction (iii) shifting cultivation (iv) encroachment into forest lands (v) forest fires and over grazing (vi) non-adoption of adequate soil conservation measures (vii) improper crop rotation etc. In order to address two major environmental concerns in India, viz. water and air pollution, the government set up the Central Pollution Control Board (CPCB) in 1974. The environment and economy are interdependent and need each other. Hence, development that ignores its repercussions on the environment will destroy the environment that sustains life forms. What is needed is sustainable development. The Brundtland commission defines sustainable development that will allow all future generations to have a potential average quality of life that is at least as high as that which is being enjoyed by the current generation.
Which of the following is not the strategy for sustainable development?
Correct Answer
Option 1
Correct Answer
Q48:
13h May Shift 2
Indian Economic Development > Sustainable Economic Development
Easy
The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic factors that influence each other. The environment performs four vital functions (i) it supplies resources, (ii) it assimilates waste (iii) it sustains life by providing genetic and bio diversity and (iv) it also provides aesthetic services like scenery etc. The environment is able to perform these functions without any interruption as long as the demand on these functions is within its carrying capacity. Many resources have become extinct, and the wastes generated are beyond the absorptive capacity of the environment. Absorptive capacity means the ability of the environment to absorb degradation. Land in India suffers from varying degrees and types of degradation stemming mainly from unstable use and inappropriate management practices. Some of the factors responsible for land degradation are (i) loss of vegetation occuring due to deforestation (ii) unsustainable wood and fodder extraction (iii) shifting cultivation (iv) encroachment into forest lands (v) forest fires and over grazing (vi) non-adoption of adequate soil conservation measures (vii) improper crop rotation etc. In order to address two major environmental concerns in India, viz. water and air pollution, the government set up the Central Pollution Control Board (CPCB) in 1974. The environment and economy are interdependent and need each other. Hence, development that ignores its repercussions on the environment will destroy the environment that sustains life forms. What is needed is sustainable development. The Brundtland commission defines sustainable development that will allow all future generations to have a potential average quality of life that is at least as high as that which is being enjoyed by the current generation.
Identify the factors responsible for land degradation from the following:
Correct Answer
Option 4
Correct Answer
Q49:
13h May Shift 2
Indian Economic Development > Sustainable Economic Development
Easy
The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic factors that influence each other. The environment performs four vital functions (i) it supplies resources, (ii) it assimilates waste (iii) it sustains life by providing genetic and bio diversity and (iv) it also provides aesthetic services like scenery etc. The environment is able to perform these functions without any interruption as long as the demand on these functions is within its carrying capacity. Many resources have become extinct, and the wastes generated are beyond the absorptive capacity of the environment. Absorptive capacity means the ability of the environment to absorb degradation. Land in India suffers from varying degrees and types of degradation stemming mainly from unstable use and inappropriate management practices. Some of the factors responsible for land degradation are (i) loss of vegetation occuring due to deforestation (ii) unsustainable wood and fodder extraction (iii) shifting cultivation (iv) encroachment into forest lands (v) forest fires and over grazing (vi) non-adoption of adequate soil conservation measures (vii) improper crop rotation etc. In order to address two major environmental concerns in India, viz. water and air pollution, the government set up the Central Pollution Control Board (CPCB) in 1974. The environment and economy are interdependent and need each other. Hence, development that ignores its repercussions on the environment will destroy the environment that sustains life forms. What is needed is sustainable development. The Brundtland commission defines sustainable development that will allow all future generations to have a potential average quality of life that is at least as high as that which is being enjoyed by the current generation.
The popular and widely cited all over the world term 'sustainable development' is provided by?
Correct Answer
Option 2
Correct Answer
Q50:
13h May Shift 2
Indian Economic Development > Sustainable Economic Development
Easy
The environment is defined as the total planetary inheritance and the totality of all resources. It includes all the biotic and abiotic factors that influence each other. The environment performs four vital functions (i) it supplies resources, (ii) it assimilates waste (iii) it sustains life by providing genetic and bio diversity and (iv) it also provides aesthetic services like scenery etc. The environment is able to perform these functions without any interruption as long as the demand on these functions is within its carrying capacity. Many resources have become extinct, and the wastes generated are beyond the absorptive capacity of the environment. Absorptive capacity means the ability of the environment to absorb degradation. Land in India suffers from varying degrees and types of degradation stemming mainly from unstable use and inappropriate management practices. Some of the factors responsible for land degradation are (i) loss of vegetation occuring due to deforestation (ii) unsustainable wood and fodder extraction (iii) shifting cultivation (iv) encroachment into forest lands (v) forest fires and over grazing (vi) non-adoption of adequate soil conservation measures (vii) improper crop rotation etc. In order to address two major environmental concerns in India, viz. water and air pollution, the government set up the Central Pollution Control Board (CPCB) in 1974. The environment and economy are interdependent and need each other. Hence, development that ignores its repercussions on the environment will destroy the environment that sustains life forms. What is needed is sustainable development. The Brundtland commission defines sustainable development that will allow all future generations to have a potential average quality of life that is at least as high as that which is being enjoyed by the current generation.
The term 'environment' is?
Correct Answer
Option 1
Correct Answer
CUET Economics 2026 13h May Shift 2 - Past Year Questions
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