CUET-PG SERIES Economics
National Income Accounting
16 previous year questions.
Volume: 16 Ques
Yield: Medium
High-Yield Trend
1
2026 1
2025 9
2024 5
2023 Chapter Questions 16 MCQs
01
PYQ 2023
medium
economics ID: cuet-pg-
Which body decides the share of states in the tax revenues of the Centre in India?
1
NITI Aayog
2
Ministry of Finance
3
Finance Commission
4
Pay Commission
02
PYQ 2023
medium
economics ID: cuet-pg-
Match List I with List II
| LIST I Terms | LIST II Meaning | ||
| A. | GNP | I. | The market value of goods and services produced by residents in the country plus income earned in country by foreigners, minus income received by residents of a country from abroad |
| B. | GDP | II. | Sum of all kinds of incomes received by the individuals from all sources of income |
| C. | NNP | III. | The sum of market value of all the final goods and services produced in a country during a specific period of time, generally one year |
| D. | Personal Income | IV. | GNP - Depreciation |
Choose the most appropriate answer from the options given below:
1
A-III, B-I, C-II, D-IV
2
A-I. B-III, C-II, D-IV
3
A-III, B-IV, C-I, D-II
4
A-III, B-I, C-IV, D-II
03
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A): While calculating GDP using the expenditure approach, the value of imports is subtracted.
Reason (R) : Imports are included when value of consumption and other components of expenditure are calculated.
In the light of the above statements, choose the correct answer from the options given below:
Assertion (A): While calculating GDP using the expenditure approach, the value of imports is subtracted.
Reason (R) : Imports are included when value of consumption and other components of expenditure are calculated.
In the light of the above statements, choose the correct answer from the options given below:
1
Both (A) and (R) are true and (R) is the correct explanation of (A)
2
Both (A) and (R) are true but (R) is not the correct explanation of (A)
3
(A) is true but (R) is false
4
(A) is false but (R) is true
04
PYQ 2023
easy
economics ID: cuet-pg-
Given below are two statements:
Statement-I : In 2020 a farmer purchased 5 new tractors at ₹ 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP 2020 due to these transactions was ₹ 12,50,000.
Statement-II: In 2020 a farmer purchased 5 new tractors at 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP of year 2020 due to these transactions was ₹ 10,00,000.
In the light of the above statements, choose the correct answer from the options given below:
Statement-I : In 2020 a farmer purchased 5 new tractors at ₹ 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP 2020 due to these transactions was ₹ 12,50,000.
Statement-II: In 2020 a farmer purchased 5 new tractors at 2,00,000 each. He sold his 5 old tractors to other farmers for ₹ 50,000 each in same year. The net increase in GDP of year 2020 due to these transactions was ₹ 10,00,000.
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
05
PYQ 2023
hard
economics ID: cuet-pg-
For the per capita production function y = K0.5; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (\delta ) = 0.1 and no population growth.
1
10%
2
20%
3
40%
4
50%
06
PYQ 2024
medium
economics ID: cuet-pg-
The current account balance in an open economy:
1
Always includes the balance on investment income
2
Never includes the balance on investment income
3
Includes the balance on investment income and flows of investment
4
Includes flows of investment but not the balance on investment income
07
PYQ 2024
easy
economics ID: cuet-pg-
Which of the following is not a part of the national income?
08
PYQ 2024
easy
economics ID: cuet-pg-
Arrange the following events in chronological order
(A) New Economic Policy - Liberalisation
(B) Drain of Wealth
(C) White Revolution
(D) Monopolies Inquiry Commission
(A) New Economic Policy - Liberalisation
(B) Drain of Wealth
(C) White Revolution
(D) Monopolies Inquiry Commission
09
PYQ 2024
easy
economics ID: cuet-pg-
Which statutory body determines the criteria for tax devolution from the divisible pool to the States in India?
10
PYQ 2024
easy
economics ID: cuet-pg-
Match List-I with List-II:
Choose the correct answer from the options given below
List-I | List-II | ||
|---|---|---|---|
| A | Fiscal Deficit | I | Import minus export of goods and services. |
| B | Primary Deficit | II | Revenue expenditure minus revenue receipt. |
| C | Revenue Deficit | III | Fiscal deficit minus interest payment. |
| D | Current Account Deficit | IV | Capital expenditure plus revenue deficit. |
Choose the correct answer from the options given below
11
PYQ 2024
easy
economics ID: cuet-pg-
Order the following country on the basis of nominal per capita income in year 2022, from the highest to lowest.
(a) China
(b) Brazil
(c) Russia
(d) India
(a) China
(b) Brazil
(c) Russia
(d) India
12
PYQ 2024
easy
economics ID: cuet-pg-
Arrange the followings in a correct order.
(a) Procurement of foodgrains by the food corporation of India.
(b) Production of foodgrains in the agricultural sector.
(c) Distribution of foodgrains through fair price shops.
(d) Minimum support prices for foodgrains are decided.
(a) Procurement of foodgrains by the food corporation of India.
(b) Production of foodgrains in the agricultural sector.
(c) Distribution of foodgrains through fair price shops.
(d) Minimum support prices for foodgrains are decided.
13
PYQ 2024
easy
economics ID: cuet-pg-
Match List-I with List-II:
Choose the correct answer from the options given below
List-I(Characteristics) | List-II(Stages) | ||
|---|---|---|---|
| A | High Birth Rate and High Death Rate | I | Stage I |
| B | Low Birth Rate and High Death Rate | II | Stage II |
| C | High Birth Rate and Low Death Rate | III | Stage III |
| D | Low Birth Rate and Low Death Rate | IV | Not a part of this model |
Choose the correct answer from the options given below
14
PYQ 2024
medium
economics ID: cuet-pg-
Match List-I with List-II
Choose the correct answer from the options given below
List-I(Economic Concepts) | List-II(Description) | ||
|---|---|---|---|
| A | Kuznets Curve | I | Describes the relationship be tween currency depreciation and current account balance |
| B | Fisher Effect | II | Describes the relationship between autonomous investment and output |
| C | J Curve Effect | III | Describes the relationship between income and inequality |
| D | Multiplier Effect | IV | Describes the relationship between expected inflation rate and interest rate |
Choose the correct answer from the options given below
1
(A)- (I), (B)- (II), (C)- (III), (D)- (IV)
2
(A)- (III), (B)- (II), (C)- (I), (D)- (IV)
3
(A)- (I), (B)- (IV), (C)- (III), (D)- (II)
4
(A)- (III), (B)- (IV), (C)- (I), (D)- (II)
15
PYQ 2025
medium
economics ID: cuet-pg-
Which of the following is not considered in the calculation of GDP?
1
Inventory stock
2
Wages
3
Brokerage/commission on purchasing second-hand goods
4
Sale/purchase of second-hand goods
16
PYQ 2026
medium
economics ID: cuet-pg-
Which of the following is not considered in the calculation of GDP?
1
Inventory stock
2
Wages
3
Brokerage/commission on purchasing second-hand goods
4
Sale/purchase of second-hand goods
About National Income Accounting - CUET-PG
National Income Accounting 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 National Income Accounting 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 National Income Accounting carry the most weight. Then, tackle the questions iteratively to solidify your understanding.