CUET Economics 2026 20th May Shift 1 PYQs

If investment falls, government spending can be raised so that autonomous expenditure and equilibrium income remain the same. This deliberate action to stabilise the economy is often referred to as:

Choose the correct option(s) with respect to free entry and exit assumption of a perfectly competitive market. (A) At equilibrium, no firm earns supernormal profit. (B) As new firms enter the market, the supply curve shifts leftward. (C) Equilibrium price will be equal to the minimum average cost. (D) At equilibrium, no firm incurs losses by remaining in production. Choose the correct answer from the options given below:

In an economy, C= 100 + 0.7Y and investment is 500 crores. Find the equilibrium level of income.

From the given data, find out the Current Account Balance. | Items | Amount (in Rs. crore) | |---|---| | Exports of goods | 280 | | Imports of goods | 360 | | (Net) Invisibles | | | (a) Non factor services | 50 | | (b) Income | -20 | | (c) Transfers | 35 |

Match List-I with List-II | List-I | List-II | |---|---| | (A) M1 | (I) M1 + Net time deposits of commercial banks | | (B) M2 | (II) CU +DD | | (C) M3 | (III) M3+Total deposits with Post Office savings organisations (Except NSC). | | (D) M4 | (IV) M1 + Saving deposits with post office saving banks. | Choose the correct answer from the options given below:

The Great Leap Forward campaign aimed to encourage:

Which of the following is not a component of capital account ?

When 2 units of labour are used then Total Product (TP) = 35. When 3 units of labour are used then TP = 41. Find the value of MPL

Identify the features of indifference curve ? (A) An indifference curve reflects same utility level with different combinations. (B) Indifference curve are downward sloping from right to left. (C) Higher indifference curve gives greater level of utility. (D) Two indifference curve never intersect each other. Choose the correct answer from the options given below:

In a fixed exchange rate system, when the government increases the value of foreign currency, this change is called:

Identify the correct statements from the following in the context of normal profit and break-even point (BEP). (A) BEP is the point at which a firm earns only normal profit. (B) A perfectly competitive firm earns normal profit in long run. (C) Profit level that keeps a firm in the existing business is called super-normal profit. (D) Profit level that keeps a firm in the existing business is called normal profit. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Demand and Supply shift leftward.. | (I) Price decreases. | | (B) Demand and Supply shift rightward. | (II) Quantity decreases. | | (C) Demand shifts leftward , Supply shifts rightward. | (III) Price increases. | | (D) Demand shifts rightward,Supply shifts leftward. | (IV) Quantity increases. | Choose the correct answer from the options given below:

Arrange the following according to their established / implementing year in chronological order (oldest to latest). (A) New Economic Policy was introduced. (B) The General Agreement On Tariffs And Trade (GATT). (C) World Trade organization. (D) Goods and Service Tax. Choose the correct answer from the options given below:

Policy tools to control money supply by the RBI are given below. Identify the correct statements. (A) Persuasion is a qualitative tool of RBI. (B) RBI influences money supply through open market operation. (C) Outright open market operations are temporary in nature. (D) Selling of a bond by RBI leads to reduction in quantity of reserves. Choose the correct answer from the options given below:

From the following data about the budget, determine the primary deficit. | Items | Amount (In Rs. crore) | |---|---| | Revenue expenditure | 150 | | Capital receipts (excluding borrowing) | 105 | | Interest payments | 30 | | Revenue receipts | 120 | | Capital expenditure | 170 |

Arrange the following establishment in chronological order of establishement (oldest to latest). (A) The Tata Iron and Steel Company was incorporated in India. (B) Suez Canal's opening reduced the cost of transportation. (C) Tata Airelines was established in the aviation sector in India. (D) The British established the railway network in India. Choose the correct answer from the options given below:

When price of a good falls from Rs. 5 to Rs.4 per unit then, its demand increases by 40%. Calculate its price elasticity of demand.

Which of the following is not a qualitative tool of Reserve Bank Of India ?

Arrange following incidences with respect to developmental planning in chronological order (oldest to latest). (A) The medium term development plan in Pakistan. (B) The great proletarian cultural revolution in China. (C) First Five year plan in India. (D) First five year plan in China. Choose the correct answer from the options given below:

If the equilibrium level of output is more than the full-employment level, then this situation is called:

What is the other name of incremental change in inventory?

Which of the following is not a central problem of an economy?

Given, TC at 4 level of output is Rs.49 TC at 5 level of output is Rs.53 TC at zero level of output is Rs.20 Find the value of AVC (in Rs.) at 5 level of output?

Match List-I with List-II | List-I | List-II | |---|---| | (A) Aggregate demand (AD) | (I) C/Y | | (B) Marginal propensity to consume (MPC) | (II) S/Y | | (C) Average propensity to consume (APC) | (III) C + I | | (D) Average propensity to save (APS) | (IV) ΔC/ΔY | Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) "General Theory of Employment, Interest and Money". | (I) 1929. | | (B) "An inquiry into the nature and cause of the Wealth of Nations". | (II) 1919. | | (C) Great Depression | (III) 1936. | | (D) "The Economic Consequences of the Peace". | (IV) 1776. | Choose the correct answer from the options given below:

Identify the correct statements from the following. (A) Ex-ante depicts what has been planned? (B) Ex-post depicts what has been estimated production? (C) When income changes, change in consumption can never exceed the change in income. (D) Ex-post depicts what has actually happened.? Choose the correct answer from the options given below:

Given, Staturary Liquid Ratio=20% A comercial bank deposits=Rs.1200 How much money the bank can give as a loan ?

Which of the following is a micro- credit programmes?

Which of the following is not a component of Capital Receipts?

A mixture of a flexible exchange rate system (the float part) and a fixed rate system (the managed part) is called:

A producer supplies 400 units when the price per unit is Rs.10. The price is increased to Rs.11 and the price elasticity of supply is 2. How many units will the producer supply?

On the basis of given information calculate the value of National Income: | Particulars | Amount (in Rs. crore) | |---|---| | Sales | 1000 | | Depreciation | 250 | | Rent | 150 | | Intermediate consumption | 350 | | N I T | 100 | | NFIA | -50 |

Which of the following was a land settlement system introduced by the Britishers?

When was one-child norm policy adopted by China?

When was the Fiscal Responsibility and Budget Management Act passed to help keep deficits under control ?

Arrange the following in correct order in respect to their establishment year from oldest to latest. (A) Saansad Adarsh Gram Yojana (SAGY). (B) Indian Parliament passed laws to reform agriculture marketing system. (C) Social Banking adopted by India. (D) National Bank for Agriculture and Rural Development (NABARD). Choose the correct answer from the options given below:

Which of the following public sector enterprise is a part of Maharatnas?

Arrange the following in chronological order (oldest to latest). (A) National Education Policy. (B) The Right of Children to Free and Compulsory Education Act. (C) Mahatma Gandhi National Rural Employment Guarantee Act. (D) The Education Commission. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Total Cost (TC) | (I) Total variable cost/ Quantity (TVC/Q) | | (B) Average Variable Cost (AVC) | (II) Total Fixed Cost / Quantity (TFC/Q) | | (C) Short run average cost (SAC) | (III) Total Variable Cost + Total Fixed Cost. | | (D) Average fixed cost (AFC) | (IV) Average Variable Cost + Average Fixed Cost. | Choose the correct answer from the options given below:

What will happen in the economy if aggregate demand (AD) is less than aggregate supply (AS)?