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CUET Economics 2026 PYQs13 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2026 13 May Shift 2

Introduction

past year questions, Macro, CUET Economics 2026 13 May Shift 2

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 ?

Solution

✅ Correct Option: 4

In a capitalist society, goods are produced for the market and distributed among people according to their purchasing power, i.e., ability to pay, rather than according to their needs. In socialist or communist systems, distribution is guided by need or state planning. Hence option 4.

Related questions:

2026: 6 June Shift 1

Arrange the following in chronological order (oldest to latest).

(A) General Theory of Employment, Interest and Money

(B) Great Depression

(C) The Economic Consequences of the Peace

(D) An Enquiry into the Nature and Cause of the Wealth of Nations

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Match List-I with List-II

List-IList-II
(A) Macroeconomics(I) Unlimited.
(B) Human wants(II) Economics of 'what ought to be'.
(C) Normative Economics(III) A system by which people of an area earn their living.
(D) Economy(IV) Studies the problem of choice at the level of the country as a whole.

Choose the correct answer from the options given below:

2025: 2 June Shift 1

Which of the following is not a characteristic of a capitalist economy?

2026: 13 May Shift 1

Which of the following is macroeconomics variable?

2025: 3 June Shift 1

Arrange the following chronologically:

(A) Great Depression.

(B) The Economic Consequences of the Peace.

(C) An Enquiry into the Nature and cause of the Wealth of the Nations.

(D) The General Theory of Employment, Interest and Money.

Choose the correct answer from the options given below:

2026: 31 May Shift 1

Match the LIST-I with LIST-II

LIST-ILIST-II
A. Output MarketI.The price of one currency in terms of another currency
B. Financial MarketII.Firms can choose where to locate production and workers to choose where to work.
C. Labour MarketIII.Most often an economy can buy financial assets from other countries.
D. Foreign exchange rateIV.An economy can trade in goods and services with other countries.

Choose the correct answer from the options given below:

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