List of top Questions asked in CUET (PG)- 2024

Suppose an individual has a utility function given by, \(U(x,y)=2x+3y\). We can say that this function displays:

For inferior goods, the substitution effect of a price decrease and the income effect of the same price decrease:

The shutdown point for a profit maximizing competitive firm in the short run is when the market price is equal to the:

Services such as the provision of clean air and national security are considered to be:

Debts which have to be paid at some specific future date are known as:

The mark-up as a fraction of price for the profit-maximizing quantity \( Q^{*} \) for a monopolist can be expressed in the following form:
\(\frac{p^{*} - C(Q^{*})}{p^{*}} = -\frac{1}{e^{*}}.\)
We can say from this that:

If a consumer definitely prefers a payment of INR 50 for sure to a lottery which promises rewards of INR 100 or INR 0 with probabilities of 1/2 each, then we can say that the consumer is:

Mr Tokai is very particular in how he makes his coffee. He is completely inflexible in that he can only take 1 teaspoon of coffee with 2 teaspoons of sugar. Any more coffee or sugar given to him is discarded in his quest for the perfect coffee. Suppose you give him 9 teaspoons of coffee and 2 teaspoons of sugar. How many cups of coffee can he create from this?

In a 2x2 general equilibrium model of exchange with goods X and Y and two consumers 1 and 2, both of whom have a weakly positive endowment of X and Y. In the exchange equilibrium, we know that:

A utility maximizing consumer has a utility function given by \(U(X,Y)=2X+Y\). He has a budget constraint given by \(X+2Y=10\). In equilibrium he purchases:

Stagflation describes a situation of:

The current account balance in an open economy:

Transfer pricing refers to:

If a group of countries abolish trade barriers between themselves and set common tariffs for other countries, this is known as:

Match List-I with List-II:

List-I		List-II
A	\( y = ln(x)\)	I	\(\frac{1}{x}\)
B	\(y=\frac{x^2}{4}\)	II	\(3x^2\)
C	\(y=x^3\)	III	\(\frac{x}{2}\)
D	\(y=x+1\)	IV	\(1\)

Choose the correct answer from the options given below

Match List-I with List-II:

List-I(Scenarios)		List-II(Type of Externality)
A	Apple farmer who has his orchard next to a beekeeper	I	Positive Consumption
B	Villages downstream from a manufacturing plant	II	Negative Consumption
C	An unvaccinated family living next door to a family who has received the COVID-19 vaccination	III	Positive Production
D	Rice farmer who has his field next to a chemical plant	IV	Negative Production

Choose the correct answer from the options given below

What does a bank do if there are no excess reserves?

Which of the following is not a part of the national income?

Why is the Phillips curve negatively sloped?

If the GDP of an economy be Rs.100 and the autonomous aggregate investment and ex-post aggregate saving be Rs.30 in equilibrium, what would be the aggregate saving in equilibrium in that economy if the aggregate investment remains at Rs.30 and the average saving propensity increases from 30% to 40%?

The GDP of an economy is Rs.100 crores. The aggregate saving is Rs.30 crores. If the autonomous aggregate investment rises from Rs.30 crores to Rs.45 crores, ceteris paribus, what would be the GDP in that economy in the new equilibrium?

Match List-I with List-II:

List-I(Works)		List-II(Authors)
A	Theory of Moral Sentiments	I	J.M. Keynes
B	Theories of Surplus Value	II	J.S. Mill
C	General Theory	III	Adam Smith
D	On Liberty	IV	Karl Marx

Choose the correct answer from the options given below

Arrange the following events in chronological order
(A) New Economic Policy - Liberalisation
(B) Drain of Wealth
(C) White Revolution
(D) Monopolies Inquiry Commission

Which of the followings are correct in the context of inflation?
(A) Higher aggregate demand may lead to demand-pull inflation.
(B) Higher cost of production may lead to cost-push inflation.
(C) Higher international food and fuel prices may lead to inflation.
(D) Higher indirect taxes and lower subsidy may lead to inflation.

Arrange the following rates in ascending order.
(A) Repo Rate
(B) Lending Rate
(C) Deposit Rate
(D) Reverse Repo Rate