List of top Economics Questions asked in CUET (PG)

In which of the following year India had a surplus in its current account?
Expenditure towards the maintenance of embassies and diplomatic missions are included in which of the following accounts of the balance of payments.
Assuming that the production function is homogeneous of degree one and Euler's equation holds, if \( MP_L \) (marginal product of labour) is greater than \( AP_L \) (average product of labour), then:
Which of the following is excluded from headline inflation to arrive at core inflation?
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Concepts} & \textbf{Their meaning} \\ \hline \text{(A) Foreign Exchange Swaps} & \text{(I) is a forward contract for standardized currency amounts and selected calendar dates traded on an organized market.} \\ \hline \text{(B) Forward Transaction} & \text{(II) refers to the avoidance of a foreign exchange risk or covering of an open position.} \\ \hline \text{(C) Foreign Exchange Futures} & \text{(III) refers to a spot sale of a currency combined with a forward repurchase of the same currency as part of a single transaction.} \\ \hline \text{(D) Hedging} & \text{(IV) refers to an agreement today to buy or sell a specified amount of a foreign currency at a specified future date at a rate agreed upon today.} \\ \hline \end{array}\] Choose the correct answer from the options given below:
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) The Economics of Imperfect Competition} & \text{(I) F. H. Knight} \\ \hline \text{(B) Theory of Monopolistic Competition} & \text{(II) H. von Stackelberg} \\ \hline \text{(C) Risk, Uncertainty and Profit} & \text{(III) Edward H. Chamberlin} \\ \hline \text{(D) The Theory of the Market Economy} & \text{(IV) Joan Robinson} \\ \hline \end{array}\] Choose the correct answer from the options given below:
The following are the reasons for firms to hold stock of inventories except:
With respect to the landholding pattern in India, "medium" farmers refer to those who have a landholding in the range of:
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Deficit} & \textbf{Level as \% of GDP for FY2021} \\ \hline \text{(A) Revenue Deficit} & \text{(I) 1.2} \\ \hline \text{(B) Fiscal Deficit} & \text{(II) 5.7} \\ \hline \text{(C) Primary Deficit} & \text{(III) 9.2} \\ \hline \text{(D) Current Account Deficit} & \text{(IV) 7.3} \\ \hline \end{array}\] Choose the correct answer from the options given below:
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Production Functions} & \textbf{Their Functional Forms} \\ \hline \text{(A) Translog Production Function} & \text{(I) \( q = \prod_{i=1}^{n} x_i^{a_i} \)} \\ \hline \text{(B) Generalised Leontief Production Function} & \text{(II) \( q = \sum_{i=1}^{n} a_i x_i^{\rho}, \ \rho \leq 1 \)} \\ \hline \text{(C) Cobb Douglas Production Function} & \text{(III) \( q = \sum_{i=1}^{n} a_{ij} x_i x_j \), where \( a_{ij} = a_{ji} \)} \\ \hline \text{(D) Constant Elasticity of Substitution Production Function} & \text{(IV) \( q = a_0 + \sum_{i=1}^{n} a_i \ln x_i + 0.5 \sum_{i=1}^n \ln x_i \)} \\ \hline \end{array}\] Choose the correct answer from the options given below:
Which of the following is not considered in the calculation of GDP?
Which of the following statements are correct about the money multiplier? (A) It is the ratio of the stock of money to the stock of high powered money.
(B) It is always smaller than one.
(C) Its value depends on the reserve ratio and currency-deposit ratio.
(D) It is inversely related to the reserve ratio.
Choose the correct answer from the options given below:

Arrange the following components of monetary aggregates in descending order as per their liquidity: 

(A) currency notes 
(B) demand deposits 
(C) time deposits 
(D) money market mutual fund 
Choose the correct answer from the options given below: 
 

Coefficient of determination measures 

(A) Correlation between the dependent and independent variables. 
(B) The residual sum of squares as a proportion of the total sum of squares. 
(C) The explained sum of squares as a proportion of the total sum of squares. 
(D) How well the sample regression fits the data. 
Choose the correct answer from the options given below:
 

In the Keynesian framework, determination of an equilibrium interest rate also implies 

(A) The rate that equates the supply of and the demand for bonds. 
(B) The rate that equates the supply of money with the demand for money. 
(C) The rate that equates the supply of money and demand for investment. 
(D) The rate that equates supply of labour and demand for labour. 
Choose the correct answer from the options given below:
 

The direct tax to GDP ratio in India for the year 2022-23 is:
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Measures of Money Supply} & \textbf{Components} \\ \hline \text{(A) M3} & \text{(I) Currency held by the public (C) + net demand deposits of banks (DD) + other deposits of the RBI (OD)} \\ \hline \text{(B) M2} & \text{(II) C + DD + OD + net time deposits of banks} \\ \hline \text{(C) M1} & \text{(III) C + DD + OD + saving deposits with post office saving banks} \\ \hline \text{(D) M4} & \text{(IV) C + DD + OD + net time deposits of banks + total deposits with post office savings organization (excluding National Saving Certificates)} \\ \hline \end{array}\] Choose the correct answer from the options given below:
The statement that "currency held in the hand yields no income" is given by:

The Kinked demand curve model can explain 

(A) The level at which price will be set by firms to maximize profits. 
(B) The level of price at which the kink will occur as well as the height of the kink. 
(C) The price rigidity in the face of changing costs and of high rivalry. 
(D) The implications for the volume of output owing to changing market demand. 
Choose the correct answer from the options given below:
 

Total foodgrain production (in million tonnes) in India for the year 2022-23 is:
Which of the following is not correct about the effect of taxes on income and output?
Suppose that the random variable \( X \) takes on the values: -1, 0, and 2 with probabilities \( \frac{1}{8} \), \( \frac{1}{2} \), and \( \frac{3}{8} \) respectively. Find the expected value of \( X \).
Linear regression model is:
The decision by consumers to buy larger quantities of a good at each possible price cannot be caused by:

Which of the following statements are correct about the contrast between pure public and pure private goods? 

(A) The total provision of pure private goods is the sum of private consumption, whereas the total provision of pure public goods is equal between individuals. 
(B) The consumer in general pays the same prices and consumes different quantities of the good when there is efficient provision of pure private goods. 
(C) The consumer pays different prices and consumes the same quantity of the good when there is efficient provision of pure public goods. 
(D) Atomistic markets ensure efficient provisioning for both pure private as well as pure public goods. 
Choose the correct answer from the options given below: