List of top Economics Questions asked in CUET (UG)

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?
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)
European Monetary Union was created in:
Arrange the following in chronological order from earliest to latest:
• [(A)] Smithsonian Agreement
• [(B)] Bretton Woods Conference
• [(C)] Establishment of WTO
• [(D)] Gold Standard
In 1951, agricultural contribution to India's national income was:
Industrial Policy Resolution 1956 formed the basis of the ___ Five Year Plan.
Five Year Plans in India were guided by which goals?
• [(A)] Modernization
• [(B)] Equality
• [(C)] Subsidies
• [(D)] Self-reliance
• [(E)] Growth
Which of the following statements about agricultural subsidies in India during 1950--1990 are correct?
• [(A)] Subsidies encouraged farmers to adopt new technology.
• [(B)] Benefits mainly went to farmers in prosperous regions.
• [(C)] Removing subsidies would increase inequality.
• [(D)] Poor farmers cannot afford inputs without subsidies.