List of top Economics Questions asked in CUET (PG)

The Garran Tribunal was constituted during the colonial times to:

Consider an economy with perfect capital mobility, fixed price level and flexible exchange rate. What will be the effect of a rise in foreign interest rate on output?

Suppose that the manager of a store estimates the probability of any customer entering the store making a purchase is 0.3. What is the expected number of customers making a purchase from a randomly selected set of 10 customers?

For a random variable X, it is given that E(X²)=16 and E(X) = 2. What is the value of variance for this distribution?

Suppose the distribution of weights of students in a college is normal with mean 60 kg and standard deviation 3 kg. Which of the following areas from the standard normal distribution gives the probability of a randomly selected student having weight less than 66 kg?

If \(\frac{a_{LX}}{a_{LY}}\) and \(\frac{a^{r}_{LX}}{a^{r}_{LY}}\) are the opportunity costs of producing X in terms of Y in countries A and B, and \(\frac{p_X}{p_Y}\) is the international price ratio of X to Y. Both the Py countries will go for complete specialization when

The solution of the difference equation \(x_t =\frac{1}{2} x_{t-1}+3\) is

Second-order Taylor series approximation of f(x) = In(1+x) at x=0 is

According to the Baumol-Tobin transaction demand for money approach, the optimum number of transactions is

For the per capita production function y = k^0.5; what is the level of capital per capita at steady state assuming depreciation (δ) = 0.1 and rate of saving = 0.4? The rate of growth of population is assumed as 0.

One of the assumptions of the classical linear regression model is that all the values of the explanatory variable X must

Find \(\frac{dy}{dx}\) if \(x\sqrt{1+y}+y\sqrt{1+x}=0.\)

Fully sterilized intervention by the Central Bank at the time of capital inflows leads to which of the following changes in Central Bank Balance Sheet?

LM curve represents the locus of all those combinations of y and i which satisfy \(\frac{M}{P} L(y, i)\) for given values of M and P. What is the value of \(\frac{dy}{di}\)?

Given below are two statements:
Statement-I : Between 1901-1951 in India, the relative product per worker in industry increased from above average to far above average and the relative product per worker in agriculture decreased from below average to even further below. 
Statement-II: Between 1901-1951 in India, deindustrialization definitely occurred. 
In the light of the above statements, choose the correct answer from the options given below:

Suppose the expected rate of inflation in India is 10% whereas that in US is 4%. What is the expected rate of depreciation of Indian rupee vis-a-vis US Dollar, according to the relative purchasing power parity theory?

If you draw a random sample of size 25 from a population whose standard deviation is 10, what will be the standard error of sample mean?

Suppose z = f(x, y) is homogeneous of degree k. Which of the following statements is true?

The economy of INDUS grows at 6% per annum and its investment ratio is 31.2%. What is the capital output ratio of this economy, by the assumptions of the Harrod-Domar model?

Match List-I with List-II :

List-I [Utility functions U(x1,x2)]		List-II (MRSx1,x2)
(A)	\(Cx^{a}_1x^{b}_2\)	(I)	\(\frac{-(x_2+1)}{(x_1+2)}\)
(B)	\((x_1+2)(x_2+1)\)	(II)	\(-(\frac{x_1}{x_2})^{a-1}\)
(C)	\(ax_1+b\sqrt{x_2}\)	(III)	\(\frac{-ax_2}{bx_1}\)
(D)	\((x^{a}_1+x^{a}_2)^b\)	(IV)	\(-\frac{2a\sqrt{x_2}}{b}\)

Choose the correct answer from the options given below:

For a random variable X, E(X-μ)⁴ = 16 [where μ = E(X)] and E(X-μ)² = 2. What is the value of Kurtosis for this variable?

Consider a competitive market:
Suppose per unit commodity tax is imposed on the sellers, 
A. a tax on the commodity creates a wedge between the price the buyers pay and the price which sellers receive.
B. post tax equilibrium quantity increases.
C. if the supply is more elastic than demand then the tax burden falls more heavily on buyers.
D. if the demand is more elastic than supply then the tax burden falls more heavily on buyers. 
E. imposition of the tax creates dead weight loss. 
Choose the most appropriate answer from the options given below:

Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R:
Assertion A: Pareto optimality implies that an allocation of resources is inefficient when it is possible, through some change in the allocation of resources to benefit at least one person without making anyone else worse off.
Reason R: Pareto efficiency takes into account distributive justice and compensation of people affected negatively.
In the light of the above statements, choose the most appropriate answer from the options given below:

Which of the following production functions is NOT homogeneous of degree one?