Q1:
3 June Shift 2
Micro > Introduction
Easy
A set of arrangements where economic agents can freely exchange their endowments or products with each other. Such an economy is defined as?
Correct Answer
Option 3
Correct Answer
CUET Economics Micro > Introduction PYQs
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Q2:
2 June Shift 1
Micro > Introduction
Easy
Which of the following is not concerned with the problem of choice?
Correct Answer
Option 4
Correct Answer
Q3:
31 May Shift 1
Micro > Introduction
Easy
Choose the correct statements from the following. (A) The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the production possibility frontier. (B) Slope of production possibility frontier is called marginal opportunity cost. (C) In positive economic analysis, we study how the different mechanisms function. (D) Scarcity of resources gives rise to the problem of choice.
Correct Answer
Option 4
Correct Answer
Q4:
30 May Shift 2
Micro > Introduction
Medium
Which statement is not true for Adam Smith?
Correct Answer
Option 2
Correct Answer
Q5:
30 May Shift 1
Micro > Introduction
Easy
"Economics is the science of wealth". This statement was given by :-
Correct Answer
Option 1
Correct Answer
Q6:
30 May Shift 1
Micro > Introduction
Easy
The problem 'For whom to produce' is basically concerned with _______.
Correct Answer
Option 3
Correct Answer
Q7:
29 May Shift 2
Micro > Introduction
Easy
Whether to have more consumption goods or to have investment goods which will boost production and consumption tomorrow, is a part of which of the central problem?
Correct Answer
Option 4
Correct Answer
Q8:
29 May Shift 2
Micro > Introduction
Easy
An institution which organizes the free interaction of individuals pursuing their respective economic activities, is known as...........
Correct Answer
Option 3
Correct Answer
Q9:
29 May Shift 1
Micro > Introduction
Easy
Positive Economics deals with_______________
Correct Answer
Option 4
Correct Answer
Q10:
29 May Shift 1
Micro > Introduction
Easy
The first book on Microeconomics, "An inquiry into Nature and Cause of the Wealth of Nations", was written by_________.
Correct Answer
Option 2
Correct Answer
Q11:
28 May Shift 2
Micro > Introduction
Easy
The book 'An Enquiry into the Nature and Cause of the Wealth of Nations' was published in which of the following year.
Correct Answer
Option 3
Correct Answer
Q12:
28 May Shift 2
Micro > Introduction
Easy
In the course of production, exchange and consumption of goods and services, every society has to face a scarcity of resources; and it is the scarcity of resources that gives rise to the problem of .............
Correct Answer
Option 2
Correct Answer
Q13:
28 May Shift 2
Micro > Introduction
Easy
An economy has to choose one of the many possibilities that it has at given resources. Therefore, the cost that an additional unit of X commodity in terms of the amount of the Y commodity that has to be forgone is called ................ cost.
Correct Answer
Option 1
Correct Answer
Q14:
28 May Shift 1
Micro > Introduction
Easy
A point outside the Production Possibility Curve represents: 1. A combination of goods can be produced but resources are underutilized. 2. A combination of goods can be produced, and the resources are fully utilized. 3. A combination of goods can not be produced as it is beyond the capacity of the economy. 4. A combination of goods can be produced and resources are appropriately utilized.
Correct Answer
Option 3
Correct Answer
Q15:
28 May Shift 1
Micro > Introduction
Easy
The book 'An Enquiry into the Nature and Causes of the Wealth of Nations' is written by: 1. J. M. Keynes 2. David Ricardo 3. Adam Smith 4. Karl Marx
Correct Answer
Option 3
Correct Answer
Q16:
28 May Shift 1
Micro > Introduction
Easy
Who is regarded as the father of modern economics? 1. Adam Smith. 2. John Maynard Keynes. 3. Amartya Sen. 4. Abraham Maslow.
Correct Answer
Option 1
Correct Answer
Q17:
28 May Shift 1
Micro > Introduction
Easy
Which of the following is not the central problem of the economy? 1. Why are the goods produced? 2. What to produce? 3. How are the goods produced? 4. For whom are the goods produced?
Correct Answer
Option 1
Correct Answer
Q18:
27 May Shift 2
Micro > Introduction
Easy
If we want to have more of one of the goods, we will have less of the other good. Thus, there is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. What is this cost known as?
Correct Answer
Option 2
Correct Answer
Q19:
27 May Shift 2
Micro > Introduction
Easy
Which one is not the central problem of the economy?
Correct Answer
Option 3
Correct Answer
Q20:
26 May Shift 2
Micro > Introduction
Medium
Delhi has become the most polluted city in India. Due to this, how will the production possibility curve of Delhi be affected?
Correct Answer
Option 1
Correct Answer
Q21:
22 May Shift 2
Micro > Introduction
Easy
suppose an individual with same working condition got three alternative job in his hand he has selected the best and need to forgone the next best alternative. Identify the indicated cost in the aforesaid statement.
Correct Answer
Option 4
Correct Answer
Q22:
22 May Shift 1
Micro > Introduction
Easy
......... is an economy in which there is both the private sector and the government.
Correct Answer
Option 2
Correct Answer
Q23:
22 May Shift 1
Micro > Introduction
Easy
The curve gives the maximum amount of corn that can be produced in the economy for any given amount of cotton and vice versa. This curve is called.........
Correct Answer
Option 3
Correct Answer
Q24:
22 May Shift 1
Micro > Introduction
Easy
The scarcity of resources in the economy gives rise to the problem of............
Correct Answer
Option 3
Correct Answer
Q25:
21 May Shift 1
Micro > Introduction
Easy
Which of the following central problems deal with the distribution of final goods and services?
Correct Answer
Option 3
Correct Answer
Q26:
16 May Shift 1
Micro > Introduction
Medium
Identify the characteristics of the resources from the following (A) Resources are limited (B) Resources are available for free (C) Resources are scarce only in developing countries. (D) Resources have alternative uses. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q27:
15 May Shift 1
Micro > Introduction
Medium
Which of the following depicts the central problem of economy, 'How to produce'?
Correct Answer
Option 3
Correct Answer
Q28:
14 May Shift 1
Micro > Introduction
Easy
Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services.
Correct Answer
Option 2
Correct Answer
Q29:
14 May Shift 1
Micro > Introduction
Easy
The allocation of scarce resources and the distribution of the final goods and services are the _____ of any economy. 1. States problems 2. Consumption problems 3. Central problems 4. Production problems
Correct Answer
Option 3
Correct Answer
Q30:
14 May Shift 1
Micro > Introduction
Easy
Identify, where the point will lie in the production possibility frontier when the resources are either underemployed or are utilized in a wasteful manner 1. A point below the production possibility frontier 2. A point above the production possibility frontier 3. A point on the production possibility frontier 4. A point on or above the production possibility frontier
Correct Answer
Option 1
Correct Answer
Q31:
13 May Shift 2
Micro > Introduction
Medium
When in an economy, available resources are fully utilized at that point production of a combination of goods is known as .........
Correct Answer
Option 3
Correct Answer
Q32:
13 May Shift 2
Micro > Introduction
Easy
The economic approach in which we try to understand whether given mechanisms are desirable or not is known as ..........
Correct Answer
Option 1
Correct Answer
Q33:
13 May Shift 1
Micro > Introduction
Easy
Whether to use more resources in education and health or to use more resources in building military services. Which of the central problems of an economy is accurate for this?
Correct Answer
Option 2
Correct Answer
Q34:
CUET Economics 2024 Slot 1
Micro > Introduction
Easy
Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics.
(B) J.M. Keynes gave the Theory of Income, Output and Employment.
(C) Four Sector Model = C + I + G + (X – M)
(D) Store of value is primary function of money.
Choose the correct statements from the following:
Correct Answer
Option 2
Correct Answer
Q35:
20 June Shift 1
Micro > Introduction
Easy
Which of the main factor is responsible to create economic problems in society?
Correct Answer
Option 3
Correct Answer
Q36:
20 June Shift 1
Micro > Introduction
Easy
Which of the following is not a central problem of an economy?
Correct Answer
Option 3
Correct Answer
Q37:
20 June Shift 1
Micro > Introduction
Easy
Which of the following is studied under micro economics?
Correct Answer
Option 3
Correct Answer
Q38:
20 June Shift 1
Micro > Introduction
Easy
Which statement is not related to Normative Economics?
Correct Answer
Option 4
Correct Answer
Q39:
11 June Shift 3
Micro > Introduction
Easy
Identify normative statements from the following : (A) India has a high population (B) India should keep a control on population growth rate (C) High population hampers growth of any country (D) India should have more equitable distribution Choose the correct answer from the options given below :
Correct Answer
Option 2
Correct Answer
Q40:
11 June Shift 3
Micro > Introduction
Easy
Which of the following is not correct statement ?
Correct Answer
Option 1
Correct Answer
Q41:
11 June Shift 3
Micro > Introduction
Easy
Which central problem deals with choice of technology to be used for production ?
Correct Answer
Option 2
Correct Answer
Q42:
1 June Shift 1
Micro > Introduction
Easy
Distribution of output relates to which central problem of an Economy ?
Correct Answer
Option 4
Correct Answer
Q43:
1 June Shift 1
Micro > Introduction
Easy
In a market Economy; prices are determined by :
Correct Answer
Option 4
Correct Answer
Q44:
30 May Shift 1
Micro > Introduction
Medium
Identify the impact of unemployment on PPC (Production Possibility Curve).
Correct Answer
Option 4
Correct Answer
Q45:
30 May Shift 1
Micro > Introduction
Easy
"An enquiry into the nature and cause of the wealth of Nations" is authored by :
Correct Answer
Option 4
Correct Answer
Q46:
30 May Shift 1
Micro > Introduction
Easy
__________ gives rise to the problem of choice.
Correct Answer
Option 4
Correct Answer
Q47:
29 May Shift 2
Micro > Introduction
Easy
How will the earthquake in Turkey affect the production possibility curve of their economy?
Correct Answer
Option 2
Correct Answer
Q48:
CUET Economics 2022 Slot 5
Micro > Introduction
Easy
Which of the following is part of Microeconomics ?
Correct Answer
Option 3
Correct Answer
Q49:
CUET Economics 2022 Slot 5
Micro > Introduction
Easy
Problem of for whom to produce is related to _______.
Correct Answer
Option 4
Correct Answer
Q50:
CUET Economics 2022 Slot 5
Micro > Introduction
Medium
Match List - I with List - II. | List - I | List - II | |---|---| | (A) Centrally planned economy | (I) Depends on demand and supply forces | | (B) Mixed economy | (II) Economic problem | | (C) Market economy | (III) Socialist economy | | (D) Problem of choice | (IV) Public and Private sector | Choose the correct answer from the options given below :
Correct Answer
Option 4
Correct Answer
Q51:
CUET Economics 2022 Slot 4
Micro > Introduction
Medium
The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in :
Correct Answer
Option 1
Correct Answer
Q52:
CUET Economics 2022 Slot 3
Micro > Introduction
Easy
A hypothetical economy has a piece of land which, in order of priority, can be used for building a school, a hospital, a factory and a residential complex. What is the opportunity cost of choosing the best alternative ?
Correct Answer
Option 2
Correct Answer
Q53:
CUET Economics 2022 Slot 2
Micro > Introduction
Easy
The main issues of an economy are:
Correct Answer
Option 1
Correct Answer
Q54:
CUET Economics 2022 Slot 1
Micro > Introduction
Easy
Match List I with List II | List I: Economic issue | List II: Refers to | | --- | --- | | A. Scarcity | I. Based on facts | | B. Normative statement | II. Central problem of an economy | | C. Positive statement | III. Problem of choice | | D. What to produce | IV. Based on value judgment | Choose the correct answer from the options given below:
Correct Answer
Option 2
Correct Answer