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

Keeping a consumer’s income constant, if bundle X is chosen by a consumer when bundle Y is available, then when bundle Y is chosen, X must not be a feasible alternative. This property of consumer behaviour is known as:

In Ronald Coase's Nobel winning Coase theorem, if two bargaining parties have zero transaction costs, well-defined property rights over the good and there are no income effects:

For a manufacturing firm, the cost function is given by \(C = q^{3} + 2q^{2} + q + 1.\) The marginal and average costs at \(q = 10\) units are respectively given by:

Given a cubic cost function C(Q) = Q³ + Q² + Q + 1, arrange total cost (TC), Marginal Cost (MC), Average Cost (AC), Average Fixed Cost (AFC) in increasing order when Q = 2.
(a) AFC 
(b) TC 
(c) MC 
(d) AC

An allocation for agents in an economy, x, is said to be Pareto superior to another allocation y if moving from allocation y to allocation x:

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:

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?

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:

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:

Suppose a small country imposes an import tariff on a good. Which of the following statements is false?

Which of the following are instruments of trade policies?
(A) Tariffs
(B) Quotas
(C) Sales taxes
(D) Anti-dumping duties
Choose the correct answer from the options given below:

What were the main reasons for the collapse of communism and the end of the Cold War?
(A) The structural weaknesses of Soviet-style communism
(B) Soviet invasion of Afghanistan
(C) The impact of Gorbachev’s reform process
(D) Economic and Cultural Globalization
Choose the correct answer from the options below:

’Command Capitalism’ was introduced with which five-year plan in India?

Who described India as a ’soft state’ lacking the capacity to act against the vested interests?

Consider the following statements:
(A). The President cannot send back a Constitutional amendment bill for recommendation to the Parliament.
(B). The Judiciary also have the power to amend the Constitution.
(C). The State legislatures cannot initiate any Bill for amendment of the Constitution.
(D). The Parliament cannot amend the ’basic features’ of the Constitution.
Choose the correct answer from the options given below:

Who among the following thinkers wrote ”Sexual Politics”?

Chronologically arrange the tenure of the following Presidents:
(A) Neelam Sanjiva Reddy
(B) Dr. Zakir Hussain
(C) Dr. A.P.J Abdul Kalam
(D) Pranab Mukherjee
Choose the correct answer from the options given below:

Legal theory of sovereignty in modern times was first propounded by