List of top Economics Questions asked in CUET (UG)

Arrange the following events of Indian Economic Development in chronological order and choose the correct answer.
• Establishment of the National Bank for Agriculture and Rural Development (NABARD)
• Launch of the New Economic Policy (LPG Reforms)
• Introduction of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
• Green Revolution in India
Read the following statements regarding Special Economic Zones (SEZs):
• SEZs are treated as foreign territory for trade operations and duties.
• SEZs were introduced to promote exports and attract investment.
• Goods moving from SEZs to the Domestic Tariff Area are generally subject to customs duties. Which of the following is correct?
The fiscal deficit of an economy is ₹8,500 crore and the interest payments on previous borrowings amount to ₹2,000 crore. The Primary Deficit of the economy is:
The price of a commodity decreases from ₹100 to ₹80. As a result, its quantity demanded increases from \(200\) units to \(260\) units. Using the percentage method, the price elasticity of demand is closest to:
In a country, the total population is \(1200\) million. Out of this, \(300\) million are below 15 years of age and \(100\) million are above 60 years of age. The labour force consists of \(480\) million persons. The Labour Force Participation Rate (LFPR) is:
Which of the following correctly explains “opportunity cost”?
If an economy is operating below full employment equilibrium, the government should:
Which of the following causes a rightward shift in the demand curve of a normal good?
When average revenue equals marginal revenue at all levels of output, the market structure is:
Which of the following is a direct tax?
If Marginal Propensity to Consume (MPC) is \(0.8\), the value of investment multiplier will be:
The central problem of an economy arises mainly because:
In national income accounting, depreciation is deducted from gross domestic product to obtain:
Which of the following situations indicates “excess demand” in an economy?
If the price elasticity of demand for a commodity is greater than 1, then a fall in price will lead to:
The pre-independence agrarian economy of India under British colonial rule was characterized by stagnation, largely due to the introduction of which land tenure system in Eastern India?
If the real Gross Domestic Product (GDP) of an economy is \$500 billion and the nominal GDP stands at \$600 billion, what is the value of the GDP Deflator?
During the first phase of the Green Revolution in India (spanning the mid-1960s to mid-1970s), the introduction of High Yielding Variety (HYV) seeds was largely concentrated in which specific regions?
In macroeconomic analysis, how does an economy behave when it enters a state known as a 'Liquidity Trap'?
Which of the following options correctly defines the geometric relationship between the Short-run Marginal Cost (SMC) curve and the Average Variable Cost (AVC) curve?
Under perfect competition, the short-run supply curve of an individual profit-maximizing firm corresponds to which of the following segments?
If the value of the Marginal Propensity to Save (MPS) in an economy is exactly \( 0.2 \), what is the magnitude of the investment multiplier (\( K \))?
In the measurement of money supply aggregates, which of the following components is explicitly included in the definition of the \( M_1 \) money aggregate?
Which of the following mathematical equations correctly represents the transformation route to derive Gross National Product at Factor Cost (\( \text{GNP}_{fc} \)) from Gross Domestic Product at Market Prices (\( \text{GDP}_{mp} \))?
Arrange the following major milestones of Indian and global economic development in the correct ascending chronological sequence:
  • Implementation of the Goods and Services Tax (GST) in India
  • Launch of the New Economic Policy (NEP) in India
  • Establishment of the World Trade Organization (WTO)
  • Enforcement of the General Agreement on Tariffs and Trade (GATT)