List of top Economics Questions on Business and Economy asked in CUET (PG)

A new business was set up on 16 November 2022 and it commenced its business from 15 December 2022. The first previous year for this business is:

Given below are two statements:
Statement I: The minimum number of members required to form a private company is 7.
Statement II: The restriction as to maximum number of companies of which a person may be appointed as director, is 10 in case of private company. In the light of the above statements, choose the correct answer from the options given below:

The quorum for a Board Meeting in case of a company is :

____is an order of the court requiring a person to refrain from doing some act.

Which doctrine defines 'let the buyer beware'?

It is a pricing strategy in which a product or service is set at a very low price with the intention of driving competitors out of the market or creating barriers to entry for potential Competitors.

Match List I with List II

Choose the most appropriate answer from the options given below:

Given below are two statements:
Statement I: In case of Amalgamation in nature of merger, all the assets and liabilities of the transferor company become, after the amalgamation, the assets and liabilities of the transferee company.
Statement II: In case of Amalgamation, in nature of merger, purchase consideration may be paid by the transferee company in the form of preference shares for the equity shareholders of the transferor company.
In the light of the above statements, choose the correct answer from the options given below

At the time of liquidation of company which are the preferential payments under the provision of companies act, 2013.
A. Government taxes
B. Director fees
C. Holiday remuneration
D. Managing director salary
E. PF, Pension Fund. Gratuity Fund
Choose the correct answer from the options given below:

The break even point is the point at which:
A. There is no profit or loss
B. Contribution is equal to fixed cost
C. Contribution is nil
D. Variable cost is equal to contribution
E. Total cost is equal to total sales
Choose the correct answer from the options given below:

Given below are two statements:
Statement I: Cost control aims at maintaining the cost in accordance with the established targets or standards.
Statement II: Cost reduction is directed to explore the possibilities of improving the targets or standards themselves.
In the light of the above statements, choose the correct answer from the options given below

Identify the correct sequence of personal selling process.
A. Prospecting and Qualifying
B. Pre-approach and approach
C. Presentation & Demonstration
D. Clearing and follow up
E. Handling objections
Choose the correct answer from the options given below:

The following data of an economy is given:
Consumption function C = 300 +0.8(1-t)Y;
Investment Function I = 900-50i;
Government expenditure G = 800;
Marginal tax rate t = 0.25
The IS equation corresponding to the above is:

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R.
Assertion A: Walras' law states that the value of aggregate excess demand for all markets is zero.
Reason R: If (K-1) markets are in equilibrium, then the market for good K will automatically have demand equal to supply.
In the light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements:
Statement I: Price signalling refers to implicit collusion in which a firm announces a price increase in the hope that other firms will not follow suit.
Statement II: Price leadership refers to a pattern of pricing in which one firm regularly announces price changes that other firms then match.
In the light of the above statements, choose the correct 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: If a proposition P implies proposition Q, then we can say that P is a sufficient condition for Q or P⇒Q
Reason R: For proportion Q to be true it is sufficient that P is true i.e., Q is a necessary condition for P.
In the light of the above statements, choose the most appropriate answer from the options given below:

The rate of growth of the output of an economy during a period is 5% If the shares of capital and labour are 0.6 and 0.4 respectively and capital and labour grow at 10% and 5% respectively, what is the solow residual for the output function given as y = A·k^αL^1-α

The sequence of wage-price flexibility approach of Pigou is:
A. Wages and prices decline 
B. Real value of assets increases 
C. Cost decline and price decline result in price of assets falling
D. Unemployment increases E. Less savings would be undertaken and consumption increases, output rises 
Choose the correct answer from the options given below:

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?