List of top Economics Questions asked in CUET (UG)

All those elements which create liability and decrease the assets of government are known as :

Which of the following is not a function of a Central Bank?

Article 112 of the Indian Constitution deals with:

Arrange the following elements in correct chronological sequence (earliest to latest):
(A) Smithsonian Agreement
(B) Bretton Woods Conference
(C) Establishment of WTO
(D) Gold Standard
Choose from the options given below:

Match List-I with List-II:

List-I		List-II
A	Bank Rate	(I)	Securities are pledged in order to repurchase
B	Marginal Standing Facility	(II)	Minimum rate at which funds are provided for long term
C	Repo Rate	(III)	Also known as Penal Interest Rate
D	Reverse Repo Rate	(IV)	Central Bank borrows funds from commercial banks

Paradox of Thrift implies:

Which of the following statements are true ?
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial
banks.
Choose the correct answer from the options given below :

If the value of the investment multiplier is 5, and the increased income is ₹800 crore, find the change in investment.

_______________ depicts what has actually happened?

Based on following paragraph answer the question:
Goods and service tax is the single comprehensive indirect tax implemented on July 1, 2017. It is a destination based tax that has Input Tax Credit in the supply chain. GST is applicable throughout the country.
GST is considered the biggest tax reform since independence. It is implemented through 101th Constitutional Amendment Act.
The aim of GST is to reduce the cost of business operations and cascading effect of various taxes. By implementing GST it is expected that GDP will rise by about 2%. Compliance will also be easier as all tax payment related services are available online through a common portal. GST has expanded the tax base and introduced higher transparency in the taxation system.

Identify the type of merger in which the two companies are producing different goods and services for one specific finished product.

Which statement is correct in the context of revenue from customs duties as mandated by the Constitution?

Choose the correct pair of statements from given Column I and column II Match Column - I with Column -

Column - I		Column - II
A	Human development	I	Treats human beings as mewls too increase productivity
B	Human capital	II	Education and health are integral to human well-being
C	On the job training	III	Source of human capital
D	Physical Capital	IV	Tangible and can be easily sold in the market

Choose the correct answer from the options given below

Chronologically arrange the development path of china.
(A) Great Proletarian Cultural Revolution 
(B) Establishment of People's Republic of China 
(C) Introduction of reforms 
(D) Announcement of first Five Year Plan 
(E) Great Leap Forward campaign 
Choose the correct answer from the options given below:

Match LIST I with LIST II

LIST I		LIST II
A	Tea and Coffee	I	Complementary goods
B	Car and Fuel	II	Inferior goods
C	Low grade cereal food	III	Substitute goods
D	Good quality wheat	IV	Normal good

Choose the correct answer from the options given below

The ratio of total deposits that a commercial bank has to keep with RBI is called:

Sum of AMC and MPS is equal to ;

A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?

In the given figure what will happen to aggregate demand curve (AD) when autonomous investment increases.

Match LIST I with LIST II

LIST I		LIST II
A	High powered money	I	\(\frac{1}{Cash Reserve Ratio}\)
B	Central Bank	II	Fixed by the RBI
C	Money multiplier	III	An apex hank of the country
D	Cash Reserve Ratio	IV	Currency issued by central bank

Choose the correct answer from the options given below

Suppose the price elasticity of demand for a good is (-)1. At a price of ₹4 per unit, demand for the good is 40 units. Suppose the price of the good increases to ₹6 per unit, and as a result, the demand for the good will be_____

Select the correct sequence that lead to the need for the introduction of New Economic policy 1991 in India:
(A) Foreign exchange reserves dropped 
(B) World Bank gave loan to manage crisis 
(C) New economic policy 1991 announced 
(D) India met with an economic crisis related external debt
 Choose the correct answer from the options given below:

With an increase in marginal propensity to consume the value of investment multiplier will

The problem of choice arises from: