CUET Economics Micro > Market Equilibrium PYQs

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CUET Economics

Q1:

3 June Shift 2

Micro

Easy

Q1:

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Easy

Q2:

$(\Delta Q/Q) * (P/\Delta P)$

$(\Delta Q/Q) * (\Delta P/P)$

$(Q_1-Q_2/Q_1) * (P_1-P_2/P_1)$

$(Q_2-Q_1/Q_2) * (P_2-P_1/P_2)$

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 2

Micro

Easy

Q3:

Perfectly Elastic

Perfectlty Inelastic

Unitary Elastic

Less Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q4:

3 June Shift 1

Micro

Medium

Q4:

200 units

275 units

125 units

100 units

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 1

Micro

Medium

Q5:

Only equilibrium price remains unchanged.

Only equilibrium quantity remains unchanged.

Equilibrium price remains unchanged but equilibrium quantity decreases.

Equilibrium price remains unchanged but equilibrium quantity increases.

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

2 June Shift 1

Micro

Easy

Q6:

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

2 June Shift 1

Micro

Medium

Q7:

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

2 June Shift 1

Micro

Medium

Q8:

300 Units.

450 Units.

600 Units.

150 Units.

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

2 June Shift 1

Micro

Medium

Q9:

When demand for the commodity is perfectly elastic.

When demand for the commodity is perfectly inelastic.

When demand for the commodity is less elastic.

When demand for the commodity is more elastic.

Correct Answer

Option 2

Correct Answer

Explanation →

Q10:

2 June Shift 1

Micro

Easy

Q10:

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

2 June Shift 1

Micro

Medium

Q11:

Elasticity of supply is less than one.

Elasticity of supply is equal to one.

Elasticity of supply is greater than one.

Elasticity of supply is equal to zero.

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

2 June Shift 1

Micro

Medium

Q12:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

31 May Shift 1

Micro

Medium

Q13:

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

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

Q14:

31 May Shift 1

Micro

Easy

Q14:

Zero

One

Between one and zero

Infinite

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

31 May Shift 1

Micro

Easy

Q15:

Supply curve is sloping downward.

Supply curve is horizontal.

Supply curve is upwards sloping.

Supply curve is vertical.

Correct Answer

Option 4

Correct Answer

Explanation →

Q16:

31 May Shift 1

Micro

Medium

Q16:

The quantity of commodity will decrease.

The quantity of commodity will increase.

The quantity of commodity will remain same.

The supply curve will shift rightwards which will decrease quantity of commodity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q17:

30 May Shift 2

Micro

Medium

Q17:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

30 May Shift 2

Micro

Medium

Q18:

e_p > -1

e_p < -1

e_p = -1

e_p = 0

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 2

Micro

Medium

Q19:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

30 May Shift 2

Micro

Easy

Q20:

Downward

Upward

Vertical

Horizontal

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

30 May Shift 2

Micro

Medium

Q21:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

30 May Shift 1

Micro

Medium

Q22:

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

Correct Answer

Option 3

Correct Answer

Explanation →

Q23:

30 May Shift 1

Micro

Medium

Q23:

e=-1

e.=1.25

e.=2

e.=1.75

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

30 May Shift 1

Micro

Medium

Q24:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

30 May Shift 1

Micro

Easy

Q25:

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

Correct Answer

Option 1

Correct Answer

Explanation →

Q26:

29 May Shift 2

Micro

Medium

Q26:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

29 May Shift 2

Micro

Medium

Q27:

(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) - (II), (C) - (I), (D) - (IV)

Correct Answer

Option 4

Correct Answer

Explanation →

Q28:

29 May Shift 1

Micro

Medium

Q28:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q29:

29 May Shift 1

Micro

Easy

Q29:

1.0

1.8

0.8

1.25

Correct Answer

Option 3

Correct Answer

Explanation →

Q30:

28 May Shift 2

Micro

Medium

Q30:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

28 May Shift 2

Micro

Easy

Q31:

Other variables remain constant.

One variable remain constant.

Other variables remain flexible.

One variable remain flexible.

Correct Answer

Option 1

Correct Answer

Explanation →

Q32:

28 May Shift 2

Micro

Medium

Q32:

Increase the price.

Decrease the price.

Price remain constant.

Price may increase or decrease.

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

28 May Shift 1

Micro

Medium

Q33:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

27 May Shift 2

Micro

Medium

Q34:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q35:

27 May Shift 2

Micro

Medium

Q35:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q36:

27 May Shift 2

Micro

Hard

Q36:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

26 May Shift 2

Micro

Medium

Q37:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

26 May Shift 2

Micro

Easy

Q38:

Excess demand for the good in the market.

Excess supply of the good in the market.

Surplus availability of the good in the market.

No effect on the market.

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

26 May Shift 2

Micro

Easy

Q39:

There will now be excess supply of apartments

There will now be excess demand for apartments

The market determined rent will now rise above 200 per month

There will be no impact of this intervention on the market of apartments

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

26 May Shift 2

Micro

Medium

Q40:

Excess demand of 25 units.

Excess supply of 25 units.

Excess demand for 30 units.

Excess supply of 30 units.

Correct Answer

Option 3

Correct Answer

Explanation →

Q41:

26 May Shift 2

Micro

Easy

Q41:

Below the market determined price.

Above the market determined price.

At the same level as of the market determined price.

Either above or below the market determined price.

Correct Answer

Option 1

Correct Answer

Explanation →

Q42:

22 May Shift 2

Micro

Medium

Q42:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

22 May Shift 1

Micro

Medium

Q43:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q44:

21 May Shift 1

Micro

Medium

Q44:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q45:

21 May Shift 1

Micro

Medium

Q45:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q46:

21 May Shift 1

Micro

Easy

Q46:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

16 May Shift 1

Micro

Medium

Q47:

The government imposes a lower limit on the purchase price for some of the goods.

The floor is normally set at a level lower than the market-determined price for these goods.

It leads to an excess supply in the market.

It is also known as minimum support price(MSP).

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

16 May Shift 1

Micro

Medium

Q48:

45° upward sloping line.

A straight upward sloping line intercepting X axix.

downward sloping line.

A downward sloping line passing through the origin.

Correct Answer

Option 1

Correct Answer

Explanation →

Q49:

16 May Shift 1

Micro

Medium

Q49:

1.3

0.5

Correct Answer

Option Drop

Correct Answer

Explanation →

Q50:

16 May Shift 1

Micro

Medium

Q50:

When the price of the good and total expenditure on it change in the same direction.

When the price of the good and total expenditure on it change in the opposite direction.

When the price of the good and does not affect the total expenditure.

When the income of the consumer and total expenditure on it change in the same direction.

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

15 May Shift 1

Micro

Easy

Q51:

0.4

0.5

1.25

2.5

Correct Answer

Option 1

Correct Answer

Explanation →

Q52:

15 May Shift 1

Micro

Medium

Q52:

Rs 90

Rs 80

Rs 70

Rs 60

Correct Answer

Option 1

Correct Answer

Explanation →

Q53:

15 May Shift 1

Micro

Medium

Q53:

Rs 10

Rs 35

Rs 55

Rs 65

Correct Answer

Option 4

Correct Answer

Explanation →

Q54:

15 May Shift 1

Micro

Medium

Q54:

Increase in demand = increase in supply

Demand had increased but supply is unchanged.

Increase in demand = Decrease in supply

Increase in demand is greater than Increase in supply

Correct Answer

Option 1

Correct Answer

Explanation →

Q55:

15 May Shift 1

Micro

Medium

Q55:

p - 35

p - 70

2(p - 35)

2(35 - p)

Correct Answer

Option 3

Correct Answer

Explanation →

Q56:

15 May Shift 1

Micro

Medium

Q56:

Excess demand of 68 units.

Excess supply of 68 units.

Excess demand of 330 units.

Excess supply of 220 units.

Correct Answer

Option 1

Correct Answer

Explanation →

Q57:

14 May Shift 1

Micro

Medium

Q57:

(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 →

Q58:

13 May Shift 2

Micro

Medium

Q58:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q59:

13 May Shift 2

Micro

Medium

Q59:

Correct Answer

Option 1

Correct Answer

Explanation →

Q60:

13 May Shift 2

Micro

Easy

Q60:

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

Correct Answer

Option 1

Correct Answer

Explanation →

Q61:

13 May Shift 1

Micro

Medium

Q61:

0.3

0.2

0.5

0.4

Correct Answer

Option 3

Correct Answer

Explanation →

CUET Economics Micro > Market Equilibrium PYQs

Filter & Analyse PYQs (Topic-Wise) →

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CUET Economics

Q1:

3 June Shift 2

Micro

Easy

Q1:

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

3 June Shift 2

Micro

Easy

Q2:

$(\Delta Q/Q) * (P/\Delta P)$

$(\Delta Q/Q) * (\Delta P/P)$

$(Q_1-Q_2/Q_1) * (P_1-P_2/P_1)$

$(Q_2-Q_1/Q_2) * (P_2-P_1/P_2)$

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 2

Micro

Easy

Q3:

Perfectly Elastic

Perfectlty Inelastic

Unitary Elastic

Less Elastic

Correct Answer

Option 3

Correct Answer

Explanation →

Q4:

3 June Shift 1

Micro

Medium

Q4:

200 units

275 units

125 units

100 units

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 1

Micro

Medium

Q5:

Only equilibrium price remains unchanged.

Only equilibrium quantity remains unchanged.

Equilibrium price remains unchanged but equilibrium quantity decreases.

Equilibrium price remains unchanged but equilibrium quantity increases.

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

2 June Shift 1

Micro

Easy

Q6:

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

2 June Shift 1

Micro

Medium

Q7:

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

2 June Shift 1

Micro

Medium

Q8:

300 Units.

450 Units.

600 Units.

150 Units.

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

2 June Shift 1

Micro

Medium

Q9:

When demand for the commodity is perfectly elastic.

When demand for the commodity is perfectly inelastic.

When demand for the commodity is less elastic.

When demand for the commodity is more elastic.

Correct Answer

Option 2

Correct Answer

Explanation →

Q10:

2 June Shift 1

Micro

Easy

Q10:

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

2 June Shift 1

Micro

Medium

Q11:

Elasticity of supply is less than one.

Elasticity of supply is equal to one.

Elasticity of supply is greater than one.

Elasticity of supply is equal to zero.

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

2 June Shift 1

Micro

Medium

Q12:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

31 May Shift 1

Micro

Medium

Q13:

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

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

Q14:

31 May Shift 1

Micro

Easy

Q14:

Zero

One

Between one and zero

Infinite

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

31 May Shift 1

Micro

Easy

Q15:

Supply curve is sloping downward.

Supply curve is horizontal.

Supply curve is upwards sloping.

Supply curve is vertical.

Correct Answer

Option 4

Correct Answer

Explanation →

Q16:

31 May Shift 1

Micro

Medium

Q16:

The quantity of commodity will decrease.

The quantity of commodity will increase.

The quantity of commodity will remain same.

The supply curve will shift rightwards which will decrease quantity of commodity.

Correct Answer

Option 1

Correct Answer

Explanation →

Q17:

30 May Shift 2

Micro

Medium

Q17:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

30 May Shift 2

Micro

Medium

Q18:

e_p > -1

e_p < -1

e_p = -1

e_p = 0

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 2

Micro

Medium

Q19:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

30 May Shift 2

Micro

Easy

Q20:

Downward

Upward

Vertical

Horizontal

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

30 May Shift 2

Micro

Medium

Q21:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

30 May Shift 1

Micro

Medium

Q22:

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

Correct Answer

Option 3

Correct Answer

Explanation →

Q23:

30 May Shift 1

Micro

Medium

Q23:

e=-1

e.=1.25

e.=2

e.=1.75

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

30 May Shift 1

Micro

Medium

Q24:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

30 May Shift 1

Micro

Easy

Q25:

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

Correct Answer

Option 1

Correct Answer

Explanation →

Q26:

29 May Shift 2

Micro

Medium

Q26:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

29 May Shift 2

Micro

Medium

Q27:

(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) - (II), (C) - (I), (D) - (IV)

Correct Answer

Option 4

Correct Answer

Explanation →

Q28:

29 May Shift 1

Micro

Medium

Q28:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q29:

29 May Shift 1

Micro

Easy

Q29:

1.0

1.8

0.8

1.25

Correct Answer

Option 3

Correct Answer

Explanation →

Q30:

28 May Shift 2

Micro

Medium

Q30:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

28 May Shift 2

Micro

Easy

Q31:

Other variables remain constant.

One variable remain constant.

Other variables remain flexible.

One variable remain flexible.

Correct Answer

Option 1

Correct Answer

Explanation →

Q32:

28 May Shift 2

Micro

Medium

Q32:

Increase the price.

Decrease the price.

Price remain constant.

Price may increase or decrease.

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

28 May Shift 1

Micro

Medium

Q33:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

27 May Shift 2

Micro

Medium

Q34:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q35:

27 May Shift 2

Micro

Medium

Q35:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q36:

27 May Shift 2

Micro

Hard

Q36:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q37:

26 May Shift 2

Micro

Medium

Q37:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

26 May Shift 2

Micro

Easy

Q38:

Excess demand for the good in the market.

Excess supply of the good in the market.

Surplus availability of the good in the market.

No effect on the market.

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

26 May Shift 2

Micro

Easy

Q39:

There will now be excess supply of apartments

There will now be excess demand for apartments

The market determined rent will now rise above 200 per month

There will be no impact of this intervention on the market of apartments

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

26 May Shift 2

Micro

Medium

Q40:

Excess demand of 25 units.

Excess supply of 25 units.

Excess demand for 30 units.

Excess supply of 30 units.

Correct Answer

Option 3

Correct Answer

Explanation →

Q41:

26 May Shift 2

Micro

Easy

Q41:

Below the market determined price.

Above the market determined price.

At the same level as of the market determined price.

Either above or below the market determined price.

Correct Answer

Option 1

Correct Answer

Explanation →

Q42:

22 May Shift 2

Micro

Medium

Q42:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

22 May Shift 1

Micro

Medium

Q43:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q44:

21 May Shift 1

Micro

Medium

Q44:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q45:

21 May Shift 1

Micro

Medium

Q45:

Excess demand.

Excess supply.

Shortage of goods in the market.

Determination of market equilibrium.

Correct Answer

Option 2

Correct Answer

Explanation →

Q46:

21 May Shift 1

Micro

Easy

Q46:

Lesser than the market determined price.

More than the market determined price.

Equal to the market determined price.

either lesser or more than the market determined price but not equal to it.

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

16 May Shift 1

Micro

Medium

Q47:

The government imposes a lower limit on the purchase price for some of the goods.

The floor is normally set at a level lower than the market-determined price for these goods.

It leads to an excess supply in the market.

It is also known as minimum support price(MSP).

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

16 May Shift 1

Micro

Medium

Q48:

45° upward sloping line.

A straight upward sloping line intercepting X axix.

downward sloping line.

A downward sloping line passing through the origin.

Correct Answer

Option 1

Correct Answer

Explanation →

Q49:

16 May Shift 1

Micro

Medium

Q49:

1.3

0.5

Correct Answer

Option Drop

Correct Answer

Explanation →

Q50:

16 May Shift 1

Micro

Medium

Q50:

When the price of the good and total expenditure on it change in the same direction.

When the price of the good and total expenditure on it change in the opposite direction.

When the price of the good and does not affect the total expenditure.

When the income of the consumer and total expenditure on it change in the same direction.

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

15 May Shift 1

Micro

Easy

Q51:

0.4

0.5

1.25

2.5

Correct Answer

Option 1

Correct Answer

Explanation →

Q52:

15 May Shift 1

Micro

Medium

Q52:

Rs 90

Rs 80

Rs 70

Rs 60

Correct Answer

Option 1

Correct Answer

Explanation →

Q53:

15 May Shift 1

Micro

Medium

Q53:

Rs 10

Rs 35

Rs 55

Rs 65

Correct Answer

Option 4

Correct Answer

Explanation →

Q54:

15 May Shift 1

Micro

Medium

Q54:

Increase in demand = increase in supply

Demand had increased but supply is unchanged.

Increase in demand = Decrease in supply

Increase in demand is greater than Increase in supply

Correct Answer

Option 1

Correct Answer

Explanation →

Q55:

15 May Shift 1

Micro

Medium

Q55:

p - 35

p - 70

2(p - 35)

2(35 - p)

Correct Answer

Option 3

Correct Answer

Explanation →

Q56:

15 May Shift 1

Micro

Medium

Q56:

Excess demand of 68 units.

Excess supply of 68 units.

Excess demand of 330 units.

Excess supply of 220 units.

Correct Answer

Option 1

Correct Answer

Explanation →

Q57:

14 May Shift 1

Micro

Medium

Q57:

(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 →

Q58:

13 May Shift 2

Micro

Medium

Q58:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q59:

13 May Shift 2

Micro

Medium

Q59:

Correct Answer

Option 1

Correct Answer

Explanation →

Q60:

13 May Shift 2

Micro

Easy

Q60:

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

Correct Answer

Option 1

Correct Answer

Explanation →

Q61:

13 May Shift 1

Micro

Medium

Q61:

0.3

0.2

0.5

0.4

Correct Answer

Option 3

Correct Answer

Explanation →