CUET Economics Micro > Forms of Market PYQs

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CUET Economics

Q1:

3 June Shift 2

Micro

Medium

Q1:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Medium

Q2:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 1

Micro

Medium

Q3:

It causes excess demand, which often leads to the problem of black marketing.

Price floor is the minimum price of a commodity in the market as fixed by the government.

Often, the government fixes this price higher than the equilibrium market price of a commodity.

It ensures stability of income to the producers.

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

3 June Shift 1

Micro

Medium

Q4:

Firm has full control over price.

Horizontal straight line demand curve of the firm.

Freedom of entry and exit.

Selling costs do not exist.

Correct Answer

Option 1

Correct Answer

Explanation →

Q5:

3 June Shift 1

Micro

Medium

Q5:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

2 June Shift 1

Micro

Medium

Q6:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q7:

2 June Shift 1

Micro

Medium

Q7:

Horizontal straight line.

Vertical straight line.

Rectangular hyperbola.

Downward to the right.

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

31 May Shift 1

Micro

Medium

Q8:

The market consists of a large number of buyers and sellers.

Entry into the market as well as exit from the market are free for firms.

Buyers are price makers.

There is perfect knowledge.

Correct Answer

Option 3

Correct Answer

Explanation →

Q9:

30 May Shift 1

Micro

Medium

Q9:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

30 May Shift 1

Micro

Medium

Q10:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

30 May Shift 1

Micro

Medium

Q11:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q12:

29 May Shift 2

Micro

Medium

Q12:

The firm's average revenue is equal to the market Price.

The price line shows the relationship between the market price and a firm's output level.

Marginal revenue equals the market price.

Firm's total revenue curve is a straight line horizontally.

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

29 May Shift 2

Micro

Medium

Q13:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q14:

29 May Shift 2

Micro

Easy

Q14:

More elastic.

Less elastic.

Perfectly inelastic.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

29 May Shift 1

Micro

Medium

Q15:

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

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

(A) and (C) only

(B) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q16:

29 May Shift 1

Micro

Medium

Q16:

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

(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 →

Q17:

29 May Shift 1

Micro

Medium

Q17:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

28 May Shift 2

Micro

Easy

Q18:

Only sellers can influence the market by their size.

Individual buyer or seller can influence the market by their size.

Each individual buyer and seller is very large compared to the size of the market.

Each individual buyer and seller is very small compared to the size of the market.

Correct Answer

Option 4

Correct Answer

Explanation →

Q19:

28 May Shift 2

Micro

Easy

Q19:

Price Ceiling.

Price Discrimination.

Floor Price.

Price Rigidity.

Correct Answer

Option 3

Correct Answer

Explanation →

Q20:

28 May Shift 1

Micro

Medium

Q20:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

28 May Shift 1

Micro

Medium

Q21:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

28 May Shift 1

Micro

Medium

Q22:

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

27 May Shift 2

Micro

Easy

Q23:

Total Cost.

Marginal Cost.

Total Revenue.

Average Revenue.

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

27 May Shift 2

Micro

Easy

Q24:

Total Cost - Variable Cost.

Total Revenue - Total Cost.

Variable Cost - Marginal Cost.

Total Revenue - Average Revenue.

Correct Answer

Option 2

Correct Answer

Explanation →

Q25:

27 May Shift 2

Micro

Easy

Q25:

Rivalrous and excludable.

Rivalrous and non-excludable.

Non-rivalrous and non-excludable.

Non-rivalrous and excludable.

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 2

Micro

Easy

Q26:

Downward sloping.

Horizontal.

Vertical.

Upward Sloping.

Correct Answer

Option 2

Correct Answer

Explanation →

Q27:

26 May Shift 2

Micro

Medium

Q27:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

26 May Shift 2

Micro

Medium

Q28:

It is operating in an imperfect market and can sell any quantity of the good at given price.

It is operating in a perfect market and can sell any quantity of the good at given price.

It is operating in an imperfect market and can sell more only by lowering the price.

It is operating in a perfect market and can sell more only by lowering the price.

Correct Answer

Option 2

Correct Answer

Explanation →

Q29:

22 May Shift 2

Micro

Easy

Q29:

Price ceiling.

Price floor.

Price line.

Minimum price.

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

22 May Shift 1

Micro

Medium

Q30:

Perfect information.

Free entry and exit.

Price taking behaviour.

Large number of buyers and sellers.

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

22 May Shift 1

Micro

Medium

Q31:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

22 May Shift 1

Micro

Medium

Q32:

Rs. 40 per kg

Rs. 30 per kg

Rs. 50 per kg

Rs. 20 per kg

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

21 May Shift 1

Micro

Easy

Q33:

Perfectly inelastic.

Unit elastic.

More than unit elastric.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

16 May Shift 1

Micro

Medium

Q34:

The price 'p' must equal MC

Average revenue must be rising.

Price must be greater than the average variable cost (p > AVC)

Marginal cost must be non-decreasing at the profit maximizing level of output.

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

16 May Shift 1

Micro

Medium

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

16 May Shift 1

Micro

Medium

Q36:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

16 May Shift 1

Micro

Medium

Q37:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

16 May Shift 1

Micro

Easy

Q38:

The market consists of a large number of buyers and sellers

The product of one firm can be differentiated from the product of other firms.

Entry into the market as well as exit from the market are free for firms.

perfect information

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

14 May Shift 1

Micro

Easy

Q39:

Rs. 25

Rs. 250

Rs. 0.4

Rs. 2.5

Correct Answer

Option 2

Correct Answer

Explanation →

Q40:

14 May Shift 1

Micro

Medium

Q40:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

14 May Shift 1

Micro

Medium

Q41:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

13 May Shift 2

Micro

Medium

Q42:

(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 →

Q43:

13 May Shift 2

Micro

Easy

Q43:

Producer.

Intermediateries.

Consumer.

Government.

Correct Answer

Option 3

Correct Answer

Explanation →

Q44:

13 May Shift 1

Micro

Easy

Q44:

Minimum Support Price for Foodgrain

Price printed on any article.

Price taken by Seller

Price asked by buyer to buy.

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

13 May Shift 1

Micro

Medium

Q45:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

CUET Economics Micro > Forms of Market PYQs

Filter & Analyse PYQs (Topic-Wise) →

No login required. No pop-ups. We have all previous-year questions with solutions for free!

CUET Economics

Q1:

3 June Shift 2

Micro

Medium

Q1:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Medium

Q2:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 1

Micro

Medium

Q3:

It causes excess demand, which often leads to the problem of black marketing.

Price floor is the minimum price of a commodity in the market as fixed by the government.

Often, the government fixes this price higher than the equilibrium market price of a commodity.

It ensures stability of income to the producers.

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

3 June Shift 1

Micro

Medium

Q4:

Firm has full control over price.

Horizontal straight line demand curve of the firm.

Freedom of entry and exit.

Selling costs do not exist.

Correct Answer

Option 1

Correct Answer

Explanation →

Q5:

3 June Shift 1

Micro

Medium

Q5:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

2 June Shift 1

Micro

Medium

Q6:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q7:

2 June Shift 1

Micro

Medium

Q7:

Horizontal straight line.

Vertical straight line.

Rectangular hyperbola.

Downward to the right.

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

31 May Shift 1

Micro

Medium

Q8:

The market consists of a large number of buyers and sellers.

Entry into the market as well as exit from the market are free for firms.

Buyers are price makers.

There is perfect knowledge.

Correct Answer

Option 3

Correct Answer

Explanation →

Q9:

30 May Shift 1

Micro

Medium

Q9:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

30 May Shift 1

Micro

Medium

Q10:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

30 May Shift 1

Micro

Medium

Q11:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q12:

29 May Shift 2

Micro

Medium

Q12:

The firm's average revenue is equal to the market Price.

The price line shows the relationship between the market price and a firm's output level.

Marginal revenue equals the market price.

Firm's total revenue curve is a straight line horizontally.

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

29 May Shift 2

Micro

Medium

Q13:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q14:

29 May Shift 2

Micro

Easy

Q14:

More elastic.

Less elastic.

Perfectly inelastic.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

29 May Shift 1

Micro

Medium

Q15:

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

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

(A) and (C) only

(B) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q16:

29 May Shift 1

Micro

Medium

Q16:

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

(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 →

Q17:

29 May Shift 1

Micro

Medium

Q17:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

28 May Shift 2

Micro

Easy

Q18:

Only sellers can influence the market by their size.

Individual buyer or seller can influence the market by their size.

Each individual buyer and seller is very large compared to the size of the market.

Each individual buyer and seller is very small compared to the size of the market.

Correct Answer

Option 4

Correct Answer

Explanation →

Q19:

28 May Shift 2

Micro

Easy

Q19:

Price Ceiling.

Price Discrimination.

Floor Price.

Price Rigidity.

Correct Answer

Option 3

Correct Answer

Explanation →

Q20:

28 May Shift 1

Micro

Medium

Q20:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

28 May Shift 1

Micro

Medium

Q21:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

28 May Shift 1

Micro

Medium

Q22:

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

27 May Shift 2

Micro

Easy

Q23:

Total Cost.

Marginal Cost.

Total Revenue.

Average Revenue.

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

27 May Shift 2

Micro

Easy

Q24:

Total Cost - Variable Cost.

Total Revenue - Total Cost.

Variable Cost - Marginal Cost.

Total Revenue - Average Revenue.

Correct Answer

Option 2

Correct Answer

Explanation →

Q25:

27 May Shift 2

Micro

Easy

Q25:

Rivalrous and excludable.

Rivalrous and non-excludable.

Non-rivalrous and non-excludable.

Non-rivalrous and excludable.

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 2

Micro

Easy

Q26:

Downward sloping.

Horizontal.

Vertical.

Upward Sloping.

Correct Answer

Option 2

Correct Answer

Explanation →

Q27:

26 May Shift 2

Micro

Medium

Q27:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

26 May Shift 2

Micro

Medium

Q28:

It is operating in an imperfect market and can sell any quantity of the good at given price.

It is operating in a perfect market and can sell any quantity of the good at given price.

It is operating in an imperfect market and can sell more only by lowering the price.

It is operating in a perfect market and can sell more only by lowering the price.

Correct Answer

Option 2

Correct Answer

Explanation →

Q29:

22 May Shift 2

Micro

Easy

Q29:

Price ceiling.

Price floor.

Price line.

Minimum price.

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

22 May Shift 1

Micro

Medium

Q30:

Perfect information.

Free entry and exit.

Price taking behaviour.

Large number of buyers and sellers.

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

22 May Shift 1

Micro

Medium

Q31:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

22 May Shift 1

Micro

Medium

Q32:

Rs. 40 per kg

Rs. 30 per kg

Rs. 50 per kg

Rs. 20 per kg

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

21 May Shift 1

Micro

Easy

Q33:

Perfectly inelastic.

Unit elastic.

More than unit elastric.

Perfectly elastic.

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

16 May Shift 1

Micro

Medium

Q34:

The price 'p' must equal MC

Average revenue must be rising.

Price must be greater than the average variable cost (p > AVC)

Marginal cost must be non-decreasing at the profit maximizing level of output.

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

16 May Shift 1

Micro

Medium

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

16 May Shift 1

Micro

Medium

Q36:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

16 May Shift 1

Micro

Medium

Q37:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

16 May Shift 1

Micro

Easy

Q38:

The market consists of a large number of buyers and sellers

The product of one firm can be differentiated from the product of other firms.

Entry into the market as well as exit from the market are free for firms.

perfect information

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

14 May Shift 1

Micro

Easy

Q39:

Rs. 25

Rs. 250

Rs. 0.4

Rs. 2.5

Correct Answer

Option 2

Correct Answer

Explanation →

Q40:

14 May Shift 1

Micro

Medium

Q40:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

14 May Shift 1

Micro

Medium

Q41:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

13 May Shift 2

Micro

Medium

Q42:

(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 →

Q43:

13 May Shift 2

Micro

Easy

Q43:

Producer.

Intermediateries.

Consumer.

Government.

Correct Answer

Option 3

Correct Answer

Explanation →

Q44:

13 May Shift 1

Micro

Easy

Q44:

Minimum Support Price for Foodgrain

Price printed on any article.

Price taken by Seller

Price asked by buyer to buy.

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

13 May Shift 1

Micro

Medium

Q45:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →