List of top Economics Questions asked in CUET (UG)

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.
Choose the correct answer from the options given below:

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.
Choose the correct answer from the options given below:

Identify the correct formula of calculating of domestic income by Expenditure Method

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

A factory can increase its output by using a new type of machine. Adoption of this new technology is called_____

Assuming aggregate supply perfectly elastic and AD curve downward sloping then, under the circumstances aggregate output is determined solely by the level of aggregate demand. This is known as :

Cash Reserve Ratio (CRR) is :

Match LIST I with LIST II

LIST I		LIST II
A	Ex-ante saving	I	Planned output AY
B	Multiplier	II	\(\frac{ΔY}{ΔΙ} \)
C	Aggregate supply	III	Tax on imported goods
D	Marginal Propensity to consume	IV	Specify the quantity of goods which can be imported

Choose the Correct answer from the options given below

Which of the following is not a part of money supply?

Identify the correct statements from the following:
(A) When central bank buys securities without any promise to sell them later is called injecting
(B) Open market operations in buying and selling of securities by the commercial bank
(C) Open market operation leads to a change in bank rate
(D) When central bank sells securities without any promise to buy them later is called injecting
(E) RBI influences money supply through open market operations
Choose the correct answer from the options given below:

Indian System of Medicine (ISM) doesn't include :

Make a correct chronological sequence of following.
(A) Establishment of TISCO
(B) First Population census 
(C) Zamindari system
(D) Opening of Suez canal
(E) Introduction of railways
Choose the correct answer from the options given below:

Direct tax is called direct because it is collected directly from ________.

Match List I with List II

List I		List II
A.	Revenue Tax Receipts	I.	Govt. Employee Received Salary
B.	Revenue Non Tax Receipts	II.	Govt. received income tax from individual
C.	Revenue Plan Expenditure	III.	Govt. received license fee
D.	Non-Plan Revenue Expenditure	IV.	Govt. school students received and day meal

Choose the correct answer from the options given below :

Among the followings which is not included in Capital Account Balance ?

Match List - I with List- II.

List - I	List - 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

Choose the correct answer from the options given below:

Match List - I with List - II.

List I		List II
A.	Goods used in production process and are durable in character	I.	Intermediate goods
B.	Inputs for production	II.	Flows
C.	Machines in a factory	III.	Capital goods
D.	Annual profits	IV.	Stocks

Choose the correct answer from the options given below :

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

Arrange the following as steps taken by Central Bank to control the problem of inflation in India through its monetary policy.
A) Commercial Banks will increase their lending rate
B) Borrowing requirements will fall
C) Increase in repurchase agreement rate
D) Reduction of demand for goods and services at macro level
E) Income generation will slow down
Choose the correct answer from the options given below:

Identify the Demand for foreign exchange-
A. Demand for domestic goods by foreigners
B. Purchase of financial assets of a foreign country.
C. Studying abroad
D. Transfer made by foreigners to resident
E. Import of goods
Choose the correct answer from the options given below :

Among the followings which is not included in Capital Account Balance ?

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

In this diagram, budget line goes flater from $ P_1 P_2 \,to \,P_2 P^{'}_1 $ . The reason for budget line being flater is:

In India, Fiscal Responsibility and Budget Management Act, (FRBMA) was enacted in the year ________.

What is the General shape of Demand curve ?