CUET-PG SERIES Economics
Indifference Curve Analysis
10 previous year questions.
Volume: 10 Ques
Yield: Medium
High-Yield Trend
10
2023 Chapter Questions 10 MCQs
01
PYQ 2023
hard
economics ID: cuet-pg-
With good X on the horizontal axis and good Y on the vertical axis, a U shaped indifference curve indicates:
1
X good, y bad
2
X and Y both good
3
X good then bad; Y good
4
Y good then bad; X good
02
PYQ 2023
medium
economics ID: cuet-pg-
The real factors that leads to demand-pull inflation causes -
1
IS curve to shift downward
2
IS curve to shift upward
3
LM curve to shift downward
4
LM curve to shift upward
03
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements:
Statement I: In case of inferior goods, Engel curve is upward sloping.
Statement II: In case of normal goods, Engel curve is downward sloping.
In the light of the above statements, choose the correct answer from the options given below:
Statement I: In case of inferior goods, Engel curve is upward sloping.
Statement II: In case of normal goods, Engel curve is downward sloping.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true
04
PYQ 2023
medium
economics ID: cuet-pg-
Match List-I with List-II :
Choose the correct answer from the options given below :
| List-I | List-II | ||
| (A) | The shape of an indifference curve for two bads | (I) | Horizontal , parellel to X-axis, utility rises as move to a lower indifference curve |
| (B) | The shape of an indifference curve for one good and one bad | (II) | Concave to the origin |
| (C) | The shape of an indifference curve for one good Y and one neutral X | (III) | Upward sloping |
| (D) | The shape of an indifference curve for one bad Y and one neutral X | (IV) | Horizontal , parellel to X-axis, utility higher for a higher indifference curve |
1
(A)-(II); (B)-(I); (C)-(IV); (D)-(III)
2
(A)-(II); (B)-(III); (C)-(IV); (D)-(I)
3
(A)-(III); (B)-(II); (C)-(I); (D)-(IV)
4
(A)-(IV); (B)-(I); (C)-(III); (D)-(II)
05
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements :
Statement-I: When the economy is in liquidity trap, the LM curve is horizontal.
Statement-II: Fiscal policy is ineffective when the economy is in liquidity trap.
In the light of the above statements, choose the correct answer from the options given below:
Statement-I: When the economy is in liquidity trap, the LM curve is horizontal.
Statement-II: Fiscal policy is ineffective when the economy is in liquidity trap.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true
06
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements:
Statement I: When the economy is in liquidity trap, the LM curve is vertical.
Statement II: Monetary policy is ineffective when the economy is in liquidity trap.
In the light of the above statements, choose the correct answer from the options given below:
Statement I: When the economy is in liquidity trap, the LM curve is vertical.
Statement II: Monetary policy is ineffective when the economy is in liquidity trap.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true
07
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements:
Statement-I : In the short-run, the rising part of the marginal cost curve is due to diminishing marginal product.
Statement-II : In the short-run, the falling part of the marginal cost curve implies existence of diminishing marginal product.
In the light of the above statements, choose the correct answer from the options given below:
Statement-I : In the short-run, the rising part of the marginal cost curve is due to diminishing marginal product.
Statement-II : In the short-run, the falling part of the marginal cost curve implies existence of diminishing marginal product.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true
08
PYQ 2023
medium
economics ID: cuet-pg-
LM curve represents the locus of all those combinations of y and i which satisfy for given values of M and P. What is the value of ?
1
2
3
4
09
PYQ 2023
medium
economics ID: cuet-pg-
The function is:
1
convex for |x|<1 and concave for |x|>1
2
concave for |x|<1 and convex for |x|>1
3
convex everywhere
4
concave everywhere
10
PYQ 2023
medium
economics ID: cuet-pg-
Suppose in a closed economy aggregate demand is given by AD = A(y,i) where y is real income and i is rate of interest. IS curve represents a locus of different combinations of y and i for which y=A(y,i). What is along the IS curve?
1
2
3
4
About Indifference Curve Analysis - CUET-PG
Indifference Curve Analysis is a vital chapter for CUET-PG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.
By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.
Frequently Asked Questions
Why focus on Indifference Curve Analysis PYQs?
Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.
How to best use this analysis?
Review the topic breakdown to see which sub-topics within Indifference Curve Analysis carry the most weight. Then, tackle the questions iteratively to solidify your understanding.