CUET-UG SERIES
Economics

Economy

12 previous year questions.

Volume: 12 Ques
Yield: Medium

High-Yield Trend

1
2024
11
2023

Chapter Questions
12 MCQs

01
PYQ 2023
medium
economics ID: cuet-ug-
Identify the correct formula of calculating of domestic income by Expenditure Method
1
GDPMP = PFCE + GFCE+NDCF - NE
2
GDPMP = PFCE - GFCE+ GDCF - NE
3
GDPMP = PFCE + GFCE + GDCF + NE
4
GDPMP= PFCE - GFCE - GDCF + NE
02
PYQ 2023
medium
economics ID: cuet-ug-
Identify the central problem of an economy which is concerned with distribution of output in the economy.
1
What to produce?
2
How to produce?
3
For whom to produce?
4
In what quantities economy needs to produce?
03
PYQ 2023
easy
economics ID: cuet-ug-
All those who are engaged in economic activities in whatever capacity-high or low are workers. In context of this, identify the correct statements
A) Even if some of them temporarily abstain from work due to illness injury or other physical disability or religious functions, bad weather etc are also workers
B) Workers don't include all those who help the main worker in these activities
C) Those who are self employed are also workers
D) Self employed are not workers
E) Mother teaching her own son is an economic activity
Choose the correct answer from the options given below:
04
PYQ 2023
medium
economics ID: cuet-ug-
“India should make a transition to the Knowledge Economy”.
The above statement implies that strength of India lies in :
1
Strength in GDP
2
Strength in Human Capital Formation
3
Strength in Per Capita Income
4
Strength in Literacy Rate
05
PYQ 2023
medium
economics ID: cuet-ug-
Identify the type of poverty represented by the following figure.
1
Always poor and occasionally poor
2
Visually poor and Churning poor
3
Occasionally poor and Never Poor
4
Churning poor and occasionally poor
06
PYQ 2023
medium
economics ID: cuet-ug-
A section of the big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country it was called _________
1
Russian Plan
2
Global Plan
3
Bombay Plan
4
Swiss Plan
07
PYQ 2023
medium
economics ID: cuet-ug-
Which of the following is not a central problem of an economy?
1
What to produce more?
2
How much of which resource to be used?
3
How to increase resources?
4
Distribution of final produce among the individuals.
08
PYQ 2023
medium
economics ID: cuet-ug-
Economic Activities are best defined as those activities that :
1
Contribute to Foreign Policy
2
Contribute to Gross National Product
3
Contribute to Esthetic Feeling
4
Contribute to Psychological Satisfaction
09
PYQ 2023
medium
economics ID: cuet-ug-
If autonomous receipts are less than autonomous payments, the balance of payments of an economy will be ____________
1
In surplus
2
In equilibrium
3
In deficit
4
Zero
10
PYQ 2023
medium
economics ID: cuet-ug-
An economy where the workforce involved in Design, Development, Technology, Marketing, Sales and Services is known as
1
Knowledge economy
2
Development economy
3
Developing
4
Electronic economy
11
PYQ 2023
medium
economics ID: cuet-ug-
Arrange the following in chronological order of their enactment.
(A) National Bank for Agriculture and Rural Credit
(B) Right to Education Act
(C) Task Force on Projections of Minimum Needs and Effective Consumption Demand
(D) Nationalisation of Banks
Choose the correct answer from the options given below :
1
(A), (B), (C), (D)
2
(B), (C), (A), (D)
3
(D), (C), (A), (B)
4
(C), (D), (B), (A)
12
PYQ 2024
medium
economics ID: cuet-ug-
______ is a market where economic agents can freely exchange their endowments with each other.
1
Market economy
2
Centrally planned economy
3
Aggregate demand-based economy
4
Aggregate supply-based economy