List of top Economics Questions asked in CUET (UG)

If change in stock is equal to ₹60 crores it means that:
Identify the source/example of Portfolio Investment being part of Capital Account item of Balance of Payments.
Match List - I with List- II.
List - IList - II&
(A) Current Account Surplus(I) Export of invisibles - Import of Invisibles
(B) Balanced Current Account(II) Receipts \(>\) Payments
(C) Net Invisibles(III) Receipts = Payments
(D) Current Account Deficit(IV) Receipts \(<\) payments

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Identify the central problem of an economy which is concerned with distribution of output in the economy.
Identify the statement which is incorrect about GST?
Match List - I with List- II.
List - IList - II
(A) Normal goods(I) These goods are consumed together
(B) Inferior goods(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods(III) These goods are used in place of each other
(D) Complementary goods(IV) Demand for the good increases as income of consumer increases

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Identify the statement that correctly relates to human capital.
A) It is based on the idea that education and health are not integral to human well-being.
B) It considers education and health as a means to increase labour productivity.
C) It treats human beings as a means to an end (increase in productivity).
D) It considers any investment in health and education as unproductive if it does not merease output of goods and services.
E) It considers human beings as ends in themselves.
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In Pakistan most of the foreign exchange earning come from one among the following. Choose the correct option.
Identify the statement which is not correct regarding consumer behaviour and demand.
Arrange in order of following events in China and Pakistan.
A) Economic reforms in Pakistan
B) Great leap forward in China
C) Nationalisation of capital goods industries in Pakistan
D) Policy orientation and denationalisation of industries in Pakistan
E) Economic reforms in China
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Consider the following factors related to estimation of national income by various methods for an economy.
A) Net Investment Gross = Domestic Investment – Depreciation
B) Intermediate consumption is excluded to avoid the problem of double counting
C) Net indirect taxes = Indirect Taxes – Subsidies
D) Stocks are measured over a period of time
E) NNP at factor cost = \(NNP_{MP}\) – Net factor income from Abroad
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Under the Union Budget 2022, Government during the budget announced to impose higher taxes on the people earning more than two crore rupees and use that money in providing LPG cylinder subsides to poor people under Ujjawala yojana. Which objective of Government budget is achieved?
Match List - I with List- II.
List - IList - II
(A) Barter Exchange(I) Medium of Exchange
(B) Money Supply(II) MI
(C) Function of Money(III) Goods for Goods
(D) Measure of Money Supply(IV) Stock Concept

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Consider the following as steps in the estimation of National Income of an economy by product value added method. Arrange them in proper sequence.
A) Add net factor income from abroad (NFIA).
B) Calculate cost of secondary inputs of all the sectors.
C) Determine Net Value added at factor cost.
D) Determine Gross Value Added.
E) Calculate value of output of all the sectors.
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From the given infrastructures, identify which is a social infrastructure.
Which of the following is a stock concept?
If autonomous receipts are less than autonomous payments, the balance of payments of an economy will be ____________
The concept of sustainable development was emphasised by the:
In an economy, the consumption function is C=500+0.75Y. Calculate equilibrium level of income, when investment expenditure is ₹ 5,000.
In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:
Arrange the following events related to pre-independent India in the sequence of their happening in ascending order.
A) Introduction of railways
B) Establishment of Tata Airlines
C) Incorporation of Tata Iron and Steel company
D) Opening of Suez Canal
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Multiplier being 5 times, an incremental investment of ₹ 100 crores leads to an incremental income of-
Hill Area Development Programme was launched during ______five year plan.
The quantity of a good that the consumer chooses can increase or decrease with the rise in the price of a related goods depending on whether the two goods are substitutes or complementary to each other. Goods which are consumed together are called complementary goods. Examples of goods which are complement to each other include tea and sugar, shoes and socks, pen and ink, etc. Since tea and sugar are used together, an increase in the price of sugar is likely to decrease the demand for tea and decrease in the price of sugar is likely to increase the demand for tea. Similar is the case with other complements. In general, the demand for a good moves in the opposite direction of the price of its complementary goods.
When at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product in market reaches its equilibrium. Aggregate demand for final goods consist of ex-ante consumption, ex-ante investment, government spending etc. The rate of increase in ex-ante consumption due to a unit increase in income is called marginal propensity to consume.