CUET Economics - Micro - Consumer Behaviour | Free Questions

Q1:

3 June Shift 2

Micro

>

Medium

Q1:

(A), (B), (C), (D)

(B), (A), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q2:

3 June Shift 1

Micro

>

Medium

Q2:

Fall in equilibrium price and quantity.

Rise in equilibrium price and quantity.

Fall in equilibrium price and quantity to rise.

Rise in equilibrium price and quantity to fall.

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 1

Micro

>

Easy

Q3:

5 units

10 units

15 units

20 units

Correct Answer

Option 4

Correct Answer

Explanation →

Q4:

3 June Shift 1

Micro

>

Easy

Q4:

5 units

10 units

15 units

20 units

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 1

Micro

>

Easy

Q5:

Decreasing the consumption of Good X.

Increasing the consumption of Good Y.

Increasing the consumption of Good X.

Decreasing the consumption of Good Y.

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

3 June Shift 1

Micro

>

Easy

Q6:

0.5

2

5

10

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

3 June Shift 1

Micro

>

Easy

Q7:

5X + 12Y = 100

10X + 5Y = 100

5Qx + 10Qy = 100

10Qx + 5Qy = 100

Correct Answer

Option 3

Correct Answer

Explanation →

Q8:

2 June Shift 1

Micro

>

Medium

Q8:

Income effect is negative.

Substitution effect is negative.

Negative income effect is greater than substitution effect.

Negative income effect is less than substitution effect.

Correct Answer

Option 3

Correct Answer

Explanation →

Q9:

2 June Shift 1

Micro

>

Easy

Q9:

begins to increase.

remains constant.

begins to decrease.

becomes zero.

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

2 June Shift 1

Micro

>

Medium

Q10:

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

Correct Answer

Option 1

Correct Answer

Explanation →

Q11:

2 June Shift 1

Micro

>

Easy

Q11:

Change in demand of the commodity.

Change in the income of the consumer.

Change in preferences of the consumer.

Change in utility derived.

Correct Answer

Option 2

Correct Answer

Explanation →

Q12:

31 May Shift 1

Micro

>

Easy

Q12:

Parallel inward shift of budget line.

Parallel outwards shift in budget line.

The budget line rotates outwards.

Budget line rotates and shifts outwards.

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

31 May Shift 1

Micro

>

Medium

Q13:

(A) - (I), (B) - (IV), (C) - (III), (D) - (II)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (I), (B) - (IV), (C) - (II), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q14:

31 May Shift 1

Micro

>

Medium

Q14:

The demand curve is a rectangular hyperbola.

The value of p times q is constant.

The elasticity of demand at all points located on this demand curve is greater than 1.

At every point of consumption, the expenditure remains the same.

Correct Answer

Option 3

Correct Answer

Explanation →

Q15:

31 May Shift 1

Micro

>

Medium

Q15:

They give the same level of satisfaction.

They give different levels of satisfaction.

They are concave to the origin.

They are convex to the origin.

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

30 May Shift 2

Micro

>

Medium

Q16:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

30 May Shift 2

Micro

>

Medium

Q17:

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q18:

30 May Shift 1

Micro

>

Easy

Q18:

Ordinal Approach.

Cardinal Approach.

Indifference Curve approach.

Law of Diminishing marginal utility.

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 1

Micro

>

Easy

Q19:

Marginal rate of transformation.

Slope of indifference curve.

Price Ratio.

optimum choice of the consumer.

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

30 May Shift 1

Micro

>

Easy

Q20:

8 utils

3 utils

3 utils

25 utils

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

29 May Shift 2

Micro

>

Medium

Q21:

Price Ratio.

Marginal rate of substitution.

Marginal rate of technical substitution.

Diminishing marginal rate.

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

29 May Shift 2

Micro

>

Easy

Q22:

Price Ratio.

Marginal rate of substitution.

Marginal rate of technical substitution.

Diminishing marginal rate.

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

29 May Shift 2

Micro

>

Medium

Q23:

One good is more preferred than another.

Entire income is spent on one of the goods only.

Partial spending of income on both goods.

Both goods are preferred in same quantity.

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

29 May Shift 2

Micro

>

Medium

Q24:

Budget line is tangent to the indifference curves.

Budget line is tangent to one of the indifference curves.

Budget line is equal indifference curves.

Marginal rate of transformation is tangent to the price ratio.

Correct Answer

Option 2

Correct Answer

Explanation →

Q25:

29 May Shift 2

Micro

>

Medium

Q25:

Preferred bundle.

Optimum bundle.

Most preferred bundle.

Inferior bundle.

Correct Answer

Option 4

Correct Answer

Explanation →

Q26:

29 May Shift 1

Micro

>

Medium

Q26:

(A), (B), (C), (D)

(B), (D), (C), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q27:

29 May Shift 1

Micro

>

Easy

Q27:

10 utils.

14 utils.

6 utils.

16 utils.

Correct Answer

Option 3

Correct Answer

Explanation →

Q28:

29 May Shift 1

Micro

>

Medium

Q28:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q29:

29 May Shift 1

Micro

>

Medium

Q29:

Marginal rate of substitution = Marginal rate of Exchange

Marginal rate of Exchange = Price Ratio

Marginal rate of Substitution = Marginal rate of Transformation

Total Utility = Total Cost

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

29 May Shift 1

Micro

>

Medium

Q30:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q31:

28 May Shift 2

Micro

>

Medium

Q31:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

28 May Shift 2

Micro

>

Easy

Q32:

(3,3)

(4,5)

(1,3)

(5,4)

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

28 May Shift 2

Micro

>

Medium

Q33:

Lead to upward shift on demand curve.

Lead to downward shift on demand curve.

Rightward shift in demand curve of junk-foods.

Leftward shift in demand curve of junk-foods.

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

28 May Shift 2

Micro

>

Medium

Q34:

(A), (B) and (D) only

(B), (C) and (D) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

28 May Shift 1

Micro

>

Medium

Q35:

Due to the constant market rate of exchange.

Due to the increasing marginal rate of substitution.

Due to the constant marginal rate of substitution.

Due to a diminishing marginal rate of substitution.

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

28 May Shift 1

Micro

>

Medium

Q36:

The intercept points of both Good-X and Good-Y will shift outward.

The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.

The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.

The intercept points of both Good-X and Good-Y will shift inward.

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

28 May Shift 1

Micro

>

Easy

Q37:

$P_1X_1+P_2X_2 \ge M$ .

$P_1X_1+P_2X_2 < M$ .

$P_1X_1+P_2X_2 > M$ .

$P_1X_1+P_2X_2 \le M$ .

Correct Answer

Option 4

Correct Answer

Explanation →

Q38:

28 May Shift 1

Micro

>

Medium

Q38:

-2.5

-0.66

-3

0.66

Correct Answer

Option 3

Correct Answer

Explanation →

Q39:

27 May Shift 2

Micro

>

Medium

Q39:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q40:

27 May Shift 2

Micro

>

Medium

Q40:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q41:

27 May Shift 2

Micro

>

Medium

Q41:

Decline in expenditure.

Rise in expenditure.

No change in expenditure.

Small increase in expenditure.

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

27 May Shift 2

Micro

>

Easy

Q42:

Giffen goods.

Substitutes goods.

Complementary goods.

Inferior goods.

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

27 May Shift 2

Micro

>

Easy

Q43:

Rs 1,350

Rs 1,400

Rs 500

Rs 900

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

27 May Shift 2

Micro

>

Easy

Q44:

Rs 900

Rs 1,400

Rs 600

Rs 1350

Correct Answer

Option 3

Correct Answer

Explanation →

Q45:

27 May Shift 2

Micro

>

Easy

Q45:

Rs 900

Rs 500

Rs 400

Rs 600

Correct Answer

Option 2

Correct Answer

Explanation →

Q46:

27 May Shift 2

Micro

>

Easy

Q46:

Rs 900

Rs 500

Rs 400

Rs 600

Correct Answer

Option 1

Correct Answer

Explanation →

Q47:

27 May Shift 2

Micro

>

Easy

Q47:

129.29 (approximately).

149.29 (approximately).

139.29 (approximately)

159.29 (approximately).

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

26 May Shift 2

Micro

>

Hard

Q48:

Good X is an inferior good for Anand but not a Giffen good.

Good X is a Giffen good for Anand but not inferior.

Good X is normal good for Anand.

Good X is both Inferior and Giffen good for Anand.

Correct Answer

Option 4

Correct Answer

Explanation →

Q49:

26 May Shift 2

Micro

>

Medium

Q49:

Lata should increase the consumption of burgers to attain equilibrium.

Lata should have consumed lesser burgers to attain equilibrium.

Lata is in equilibrium so she should not change the level of consumption.

The given information is insufficient to determine the consumption behaviour of Lata.

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

26 May Shift 2

Micro

>

Medium

Q50:

He should reduce the consumption of food and increase the consumption of clothing.

He should increase the consumption of food and reduce the consumption of clothing.

He should reduce the consumption of both the goods.

He shouldn't change his consumption level as he is already at equilibrium.

Correct Answer

Option 1

Correct Answer

Explanation →

Q51:

26 May Shift 2

Micro

>

Medium

Q51:

(A) - (I), (B) - (II), (C) - (III), (D) - (II)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

26 May Shift 2

Micro

>

Medium

Q52:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

22 May Shift 2

Micro

>

Medium

Q53:

(A), (B), (C), (D)

(D), (B), (A), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q54:

22 May Shift 2

Micro

>

Medium

Q54:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q55:

22 May Shift 2

Micro

>

Medium

Q55:

Budget line = Indifference curve.

Indifference curve = Slope of budget line.

Slope of indifference curve = Slope of budget line.

Slope of indifference curve = Budget line.

Correct Answer

Option 3

Correct Answer

Explanation →

Q56:

22 May Shift 2

Micro

>

Medium

Q56:

Slope of Indifference curve.

Slope of Budget line.

Slope of consumer selection.

Marginal rate of substitution.

Correct Answer

Option 2

Correct Answer

Explanation →

Q57:

22 May Shift 2

Micro

>

Medium

Q57:

$(-)P_1/P_2$

$P_1/P_2$

$(-)P_2/P_1$

$P_2/P_1$

Correct Answer

Option 1

Correct Answer

Explanation →

Q58:

22 May Shift 2

Micro

>

Medium

Q58:

Complementary Goods.

Substitute Goods.

Joint Products/Goods.

By-Products.

Correct Answer

Option 2

Correct Answer

Explanation →

Q59:

22 May Shift 2

Micro

>

Medium

Q59:

Monotonic Preferences.

Slope of Indifference curve.

Price ratio.

Slope of Budget line.

Correct Answer

Option 2

Correct Answer

Explanation →

Q60:

22 May Shift 1

Micro

>

Medium

Q60:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q61:

22 May Shift 1

Micro

>

Medium

Q61:

Price Inelastic.

Price Elastic.

Unit Elastic.

Income elastic.

Correct Answer

Option 2

Correct Answer

Explanation →

Q62:

22 May Shift 1

Micro

>

Medium

Q62:

(A) - (I), (B) - (III), (C) - (IIII), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q63:

22 May Shift 1

Micro

>

Medium

Q63:

When the consumer's income increases.

Consumer's preferences change in favour of a good.

The price of goods decrease.

When the consumer's income decreases.

Correct Answer

Option 4

Correct Answer

Explanation →

Q64:

21 May Shift 1

Micro

>

Medium

Q64:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Correct Answer

Option 4

Correct Answer

Explanation →

Q65:

21 May Shift 1

Micro

>

Medium

Q65:

0 and 1 respectively.

1 and 0 respectively.

0 for both the consumers.

less than 1 for Arun and More than 1 for Varun.

Correct Answer

Option 2

Correct Answer

Explanation →

Q66:

21 May Shift 1

Micro

>

Medium

Q66:

Increase the consumption of X and decrease the consumption of Y.

Increase the consumption of Y and decrease the consumption of X.

Increase the consumption of X without changing the consumption of Y.

Keep his consumption level constant as he is already operating at equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q67:

21 May Shift 1

Micro

>

Medium

Q67:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(B), (D), (A), (C)

Correct Answer

Option 4

Correct Answer

Explanation →

Q68:

21 May Shift 1

Micro

>

Medium

Q68:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Correct Answer

Option 2

Correct Answer

Explanation →

Q69:

21 May Shift 1

Micro

>

Medium

Q69:

Parallel to x axis.

Parallel to y axis.

Downward sloping rectangular hyperbola.

Downward sloping straight line forming and angle of 135° with x axis.

Correct Answer

Option 3

Correct Answer

Explanation →

Q70:

21 May Shift 1

Micro

>

Medium

Q70:

Constant.

Decreasing.

Increasing.

First decreasing and then increasing.

Correct Answer

Option 1

Correct Answer

Explanation →

Q71:

16 May Shift 1

Micro

>

Medium

Q71:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Correct Answer

Option 4

Correct Answer

Explanation →

Q72:

16 May Shift 1

Micro

>

Easy

Q72:

Affordability of the consumer.

Price of substitute good.

Tastes and preferences of the consumer.

Number of consumers

Correct Answer

Option 4

Correct Answer

Explanation →

Q73:

16 May Shift 1

Micro

>

Easy

Q73:

complementary goods

substitute goods

inferior goods

supplementary goods

Correct Answer

Option 2

Correct Answer

Explanation →

Q74:

16 May Shift 1

Micro

>

Medium

Q74:

Monotonic Preference.

Structured Preferences.

Sequential Preferences

Irregular Preferences.

Correct Answer

Option 1

Correct Answer

Explanation →

Q75:

15 May Shift 1

Micro

>

Medium

Q75:

The point at which the budget line just touches (is tangent to), one of the indifference curves.

The absolute value of the slope of the indifference curve (MRS) is greater than that of the budget line (price ratio) at that point.

A point below the budget line.

The point at which the consumer spends all his/her income and the budget line intersects one of the indifference curves.

Correct Answer

Option 1

Correct Answer

Explanation →

Q76:

15 May Shift 1

Micro

>

Medium

Q76:

(A), (B) and (D) only

(B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q77:

15 May Shift 1

Micro

>

Medium

Q77:

Change in quantities of goods purchased by the consumer.

Change in the prices of both the goods purchased by the consumer.

Change in the income of the consumer.

change in the price of any one of the two goods purchased by the consumer, price of the other good remaining same.

Correct Answer

Option 1

Correct Answer

Explanation →

Q78:

15 May Shift 1

Micro

>

Medium

Q78:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q79:

15 May Shift 1

Micro

>

Easy

Q79:

Marginal utility

Total utility

Average utility

Maximum utility

Correct Answer

Option 2

Correct Answer

Explanation →

Q80:

14 May Shift 1

Micro

>

Medium

Q80:

Marginal utility

Market Rate of Exchange

Law of Diminishing Marginal Rate of Substitution

Law of Increasing Marginal Rate of Substitution

Correct Answer

Option 3

Correct Answer

Explanation →

Q81:

14 May Shift 1

Micro

>

Medium

Q81:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q82:

14 May Shift 1

Micro

>

Medium

Q82:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q83:

14 May Shift 1

Micro

>

Easy

Q83:

Inelastic

Unitary elastic

Perfectly Inelastic

Elastic

Correct Answer

Option 4

Correct Answer

Explanation →

Q84:

14 May Shift 1

Micro

>

Medium

Q84:

0.5

0.6

0.4

0.7

Correct Answer

Option 1

Correct Answer

Explanation →

Q85:

13 May Shift 2

Micro

>

Medium

Q85:

(A), (C) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q86:

13 May Shift 2

Micro

>

Medium

Q86:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), and (C)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q87:

13 May Shift 2

Micro

>

Medium

Q87:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q88:

13 May Shift 2

Micro

>

Easy

Q88:

Budget Line.

Budget Set.

Indifference Curve.

Marginal Rate of Substitution.

Correct Answer

Option 2

Correct Answer

Explanation →

Q89:

13 May Shift 1

Micro

>

Easy

Q89:

Given the prices of the goods and the income of a consumer.

Any bundle as long as it costs less than or equal to the income

A set of price available to producer.

Set of bundles available to the consumer

Correct Answer

Option 4

Correct Answer

Explanation →

Q90:

13 May Shift 1

Micro

>

Easy

Q90:

Supply function

Demand Function

Cost Function

Output function

Correct Answer

Option 2

Correct Answer

Explanation →

Q91:

13 May Shift 1

Micro

>

Easy

Q91:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q92:

13 May Shift 1

Micro

>

Medium

Q92:

(A) and (C) only

(A), (B) and (C) only

(A) and (D) Only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q93:

CUET Economics 2024 Slot 1

Micro

>

Easy

Q93:

(A), (B) and (C) only

(A), (C) and (E) only

(A), (D) and (E) only

(B), (D) and (E) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q94:

CUET Economics 2024 Slot 1

Micro

>

Easy

Q94:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q95:

CUET Economics 2024 Slot 1

Micro

>

Easy

Q95:

Perfectly inelastic demand curve

Perfectly elastic demand curve

Rectangular Hyperbola

Greater than unitary demand curve

Correct Answer

Option 3

Correct Answer

Explanation →

Q96:

CUET Economics 2024 Slot 1

Micro

>

Hard

Q96:

Budget

Budget Set

Budget Constraint

Budget Behaviour

Correct Answer

Option 3

Correct Answer

Explanation →

Q97:

CUET Economics 2023 Slot 6

Micro

>

Medium

Q97:

A, B, C, D, E

D, B, A, E, C

B, D, A, C, E

E, C, A, D, B

Correct Answer

Option 4

Correct Answer

Explanation →

Q98:

CUET Economics 2023 Slot 6

Micro

>

Easy

Q98:

Normal goods

Complementary goods

Substitute goods

Giffen goods

Correct Answer

Option 3

Correct Answer

Explanation →

Q99:

CUET Economics 2023 Slot 6

Micro

>

Easy

Q99:

Complementary goods

Substitute goods

Inferior goods

Consumption goods

Correct Answer

Option 1

Correct Answer

Explanation →

Q100:

CUET Economics 2023 Slot 6

Micro

>

Easy

Q100:

Substitute good

Giffen good

Complementary good

Perishable good

Correct Answer

Option 1

Correct Answer

Explanation →

Q101:

CUET Economics 2023 Slot 6

Micro

>

Easy

Q101:

Normal goods

Inferior goods

Substitute goods

Complementary goods

Correct Answer

Option 4

Correct Answer

Explanation →

Q102:

CUET Economics 2023 Slot 6

Micro

>

Easy

Q102:

Substitute goods

Complementary goods

Consumption goods

Capital goods

Correct Answer

Option 2

Correct Answer

Explanation →

Q103:

CUET Economics 2023 Slot 5

Micro

>

Medium

Q103:

$e_D = \frac{DA}{DB}$

$e_D = \frac{DB}{DA}$

$e_D = \frac{BK}{KA}$

$e_D = \frac{KA}{BK}$

Correct Answer

Option 1

Correct Answer

Explanation →

Q104:

CUET Economics 2023 Slot 5

Micro

>

Easy

Q104:

Ordinal Utility Analysis

Diminishing Average Utility

Diminishing Marginal Utility

Diminishing Aggregate Utility

Correct Answer

Option 3

Correct Answer

Explanation →

Q105:

CUET Economics 2023 Slot 5

Micro

>

Easy

Q105:

Monotonic preference

Marginal Rate of substitution

Marginal Rate of transformation

Diminishing Marginal Utility

Correct Answer

Option 2

Correct Answer

Explanation →

Q106:

CUET Economics 2023 Slot 5

Micro

>

Medium

Q106:

(A), (B), (D) Only

(B), (C), (E) Only

(A), (C), (D) Only

(C), (D), (E) Only

Correct Answer

Option 3

Correct Answer

Explanation →

Q107:

CUET Economics 2023 Slot 4

Micro

>

Easy

Q107:

$p_1x_1 + p_2x_2 = M$

$p_1x_1 + p_2x_2 < M$

$p_1x_1 + p_2x_2 \leq M$

$p_1x_1 + p_2x_2 > M$

Correct Answer

Option 3

Correct Answer

Explanation →

Q108:

CUET Economics 2023 Slot 4

Micro

>

Medium

Q108:

More of good X

More of good Y

More of both good X and good Y

More of either good X or good Y

Correct Answer

Option 1

Correct Answer

Explanation →

Q109:

CUET Economics 2023 Slot 3

Micro

>

Easy

Q109:

(A)-(IV), (B)-(III), (C)-(II), (D)-(I)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(II), (B)-(III), (C)-(I), (D)-(IV)

(A)-(III), (B)-(II), (C)-(I), (D)-(IV)

Correct Answer

Option 2

Correct Answer

Explanation →

Q110:

CUET Economics 2023 Slot 3

Micro

>

Easy

Q110:

Quality of the consumer

Income of the consumer

Quantity of the consumer

Producer of the good

Correct Answer

Option 2

Correct Answer

Explanation →

Q111:

CUET Economics 2023 Slot 3

Micro

>

Medium

Q111:

(-) 0.025

(-) 0.040

(-) 0.40

(-) 0.25

Correct Answer

Option 3

Correct Answer

Explanation →

Q112:

CUET Economics 2023 Slot 2

Micro

>

Easy

Q112:

Complementary goods

Normal goods

Inferior goods

Substitute goods

Correct Answer

Option 4

Correct Answer

Explanation →

Q113:

CUET Economics 2023 Slot 2

Micro

>

Easy

Q113:

$\frac{Q}{\Delta Q} \times \frac{P}{\Delta P}$

$\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$

$\frac{\Delta P}{P} \times \frac{\Delta Q}{Q}$

$\frac{\Delta Q}{P} \times \frac{Q}{P}$

Correct Answer

Option 2

Correct Answer

Explanation →

Q114:

CUET Economics 2023 Slot 2

Micro

>

Medium

Q114:

Increase his demand

No change in his demand

Reduce his demand

Shift to other Good.

Correct Answer

Option 3

Correct Answer

Explanation →

Q115:

CUET Economics 2023 Slot 1

Micro

>

Easy

Q115:

Positive

Upward

Concave

Convex

Correct Answer

Option 4

Correct Answer

Explanation →

Q116:

CUET Economics 2023 Slot 1

Micro

>

Easy

Q116:

The same price

Bundles which are considered indifferent by the consumer

Straight line

Bundles which are considered same by the consumer

Correct Answer

Option 2

Correct Answer

Explanation →

Q117:

CUET Economics 2023 Slot 1

Micro

>

Easy

Q117:

Many set of bundles

Monotonic preference

With high budget

Not ready to substitute one good for the other

Correct Answer

Option 2

Correct Answer

Explanation →

Q118:

CUET Economics 2023 Slot 1

Micro

>

Easy

Q118:

Pen and ink

Car and petrol

Tea and Coffee

Shoes and socks

Correct Answer

Option 3

Correct Answer

Explanation →

Q119:

CUET Economics 2023 Slot 1

Micro

>

Medium

Q119:

More

High

Less

Same

Correct Answer

Option 4

Correct Answer

Explanation →

Q120:

CUET Economics 2022 Slot 5

Micro

>

Medium

Q120:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Correct Answer

Option 2

Correct Answer

Explanation →

Q121:

CUET Economics 2022 Slot 4

Micro

>

Medium

Q121:

Horizontal straight line

Vertical straight line

Downward sloping curve

Rectangular hyperbola

Correct Answer

Option 4

Correct Answer

Explanation →

Q122:

CUET Economics 2022 Slot 4

Micro

>

Medium

Q122:

(A) and (E) only

(B) and (E) only

(C) and (D) only

(B) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q123:

CUET Economics 2022 Slot 3

Micro

>

Easy

Q123:

Increase in demand for the good

Decrease in quantity demanded

Decrease in demand for the good

Increase in quantity demanded

Correct Answer

Option 4

Correct Answer

Explanation →

Q124:

CUET Economics 2022 Slot 3

Micro

>

Easy

Q124:

1

2

0.2

0.5

Correct Answer

Option 2

Correct Answer

Explanation →

Q125:

CUET Economics 2022 Slot 2

Micro

>

Easy

Q125:

Change in income of the Consumer

Change in price of the given good

Change in population

Change in price of raw material

Correct Answer

Option 2

Correct Answer

Explanation →

Q126:

CUET Economics 2022 Slot 2

Micro

>

Easy

Q126:

Moves upward on Demand Curve

Remains unchanged

Decreases

Increases

Correct Answer

Option 4

Correct Answer

Explanation →

Q127:

CUET Economics 2022 Slot 2

Micro

>

Medium

Q127:

Rs 15

Rs 12

Rs 3

Rs 5

Correct Answer

Option 2

Correct Answer

Explanation →

Q128:

CUET Economics 2022 Slot 1

Micro

>

Easy

Q128:

Decrease in taxes

Decrease in the income of the consumer

Decrease in the price of its substitute

Decrease in the price of the commodity demanded.

Correct Answer

Option 4

Correct Answer

Explanation →

Q129:

CUET Economics 2022 Slot 1

Micro

>

Easy

Q129:

The collection of all bundles that the consumer can buy with the given income at the prevailing market price.

The collection of all bundles that exactly cost the given income of the consumer at prevailing market price.

The collection of all bundles that the consumer desires to purchase.

The collection of all bundles that lies on budget line.

Correct Answer

Option 1

Correct Answer

Explanation →

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