List of top Economics Questions asked in CUET (UG)

The effect of tariffs and tariff barriers was that the restricted ______ and, therefore protected the domestic firms from foreign competition during the planning period 1950-1990.
Which of the following term refers to the benefits (or harms), a firm or an individual causes to another for which they are not paid (or penalised)?
Identify the goods that are of durable character and are used in the production process.
Which of the following is not true about subsidies in agriculture in India ?
SLR is defined as :
Identify the type of poverty represented by the following figure.
There are two goods, Good X and Good Y. Suppose there is an increase in the price of Good X and decrease in the price of Good Y simultaneously. Choose the correct diagram that shows its effect.
Growth of GDP and major sectors (in %)-
Sectors1980-19911992-20012002-20072007-20122012-2017
Target ITarget II
Agriculture3,63,32,33,24,04,2
Industry7,16,59,47,49,610,9
Services6,78,27,810,010,010,0
Total5,66,47,88,29,09,5
On 21st December, 2022 the Reserve Bank of India has declared its monetary policy and as per the source https://rbidocs.rbi.org.in the extract of the the Minutes of the Monetary Policy Committee meeting has been given below.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.
Arrange the following in order of occurrence
A) Planning Commission set up
B) Second five year plan
C) Devaluation of Rupee
D) Village and small scale industries committee
E) Niti Ayog
Choose the correct answer from the options given below:
Arrange the following as steps taken by Central Bank to control the problem of inflation in India through its monetary policy.
A) Commercial Banks will increase their lending rate
B) Borrowing requirements will fall
C) Increase in repurchase agreement rate
D) Reduction of demand for goods and services at macro level
E) Income generation will slow down
Choose the correct answer from the options given below:
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:
Match List - I with List- II.
List - IList - II
(A) Autonomous transaction(I) Current Account
(B) Appreciation(II) Import of petroleum
(C) Managed floating(III) Price of domestic currency increases
(D) Purchase of machinery(IV) Central Bank intervenes

Choose the correct answer from the options given below:
Match List - I with List- II.
List - IList - II
(A) MPC(I) \(\frac{1}{(1-MPC)}\)
(B) AD(II) \(\frac{\Delta c}{\Delta y}\)
(C) K(III) C+1
(D) If MPC = 0(IV) K=1

Choose the correct answer from the options given below:
Which among the following is the closest example of a socialist society at present?
The Government decreases the exchange rate in the fixed exchange rate system. What is the term used for that?
The formula for computing price elasticity of demand is
Suppose a farmer has four acres of land and he actually needs only two workers and himself to carryout various operations on his farm in a year. But if he employs five workers and also his family members, then this situation is known as:
The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous investment expenditure is called the ______ of the economy
Among the following expenditures one expenditure comes under capital expenditure, choose the correct option.
Calculate the Gross Domestic Product at market price for the data given below.
₹
\(NNP_FC\)380
Normal wear and tear40
Subsidies (Net)40
Intermediate Cost120
Net factor income to Abroad(-20)
Expand the term FRBMA 2003.
During recession when GDP falls, disposable income falls less sharply and consumption does not drop as much as it otherwise would have fallen, had the tax liability been fixed. Ideutify the correct statements in context of this.
A) The proportional tax acts as an automatic stabiliser- a shock absorber.
B) When GDP rises, disposable income rises by greater than the rise in GDP.
C) Proportional tax makes consumer spending more sensitive to fluctuations.
D) This reduces the fall in aggregate demand and stabilises the economy.
Choose the correct answer from the options given below:
Which of the following are components of Current Account in the balance of payments?
A) Export of goods
B) Investments
C) Import of goods
D) Net factor income
E) Transfer payments
Choose the correct answer from the options given below:
Goods like National defence roads ete can not be provided through the market mechanism ie by transactions between individual consumers and producers and must be provided by the government. This is a matter of: