CUET-PG SERIES
Economics

General Equilibrium Efficiency And Welfare

2 previous year questions.

Volume: 2 Ques
Yield: Medium

High-Yield Trend

2
2025

Chapter Questions
2 MCQs

01
PYQ 2025
easy
economics ID: cuet-pg-
The Pareto optimality criterion implies fulfillment of all the following conditions except:
1
The marginal rate of transformation between any two goods is equal to the marginal rate of substitution between the same two goods.
2
The economy is operating on its production possibility frontier.
3
Production techniques embody the most efficient technology.
4
Income is distributed fairly among all individuals.
02
PYQ 2025
medium
economics ID: cuet-pg-

Arrange the following scholarly contributions in their chronological order starting from the oldest to latest:

(A) Kaldor-Hicks Compensation Criterion
(B) Bergson Social Welfare Function Criterion
(C) Rawls' Principle of Social Justice
(D) Pareto Optimality Criterion
Choose the correct answer from the options given below:

1
(A), (B), (C), (D)
2
(B), (A), (C), (D)
3
(C), (B), (A), (D)
4
(D), (C), (B), (A)