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Q1:

Casualization of workforce would result in :
Answer options
Option: 2
Correct Answer
Explanation →

Q2:

(A) Establishment of NABARD \newline \newline (B) FRBMA (Fiscal Responsibility and Budget Management Act) \newline \newline (C) Third Five Year Plan \newline \newline (D) Nationalization of RBI
Choose the correct chronological sequence in ascending order (earliest to latest) :
Answer options
Option: 4
Correct Answer
Explanation →

Q3:

Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called :
Answer options
Option: 2
Correct Answer
Explanation →

Q4:

\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline\newline
Match List-I with List-II:
List-I List-II
(A) Pegged exchange rate system (I) Setting up of IMF and World Bank
(B) Managed floating (II) Fixed exchange rate system
(C) Bretton Woods Conference (III) Dirty floating
(D) Third element in BOP (IV) Error and Omission Account
Match List-I with List-II :
Answer options
Option: 2
Correct Answer
Explanation →

Q5:

________ implies that resource extraction is above the rate of regeneration of resources and the wastes generated are within the assimilating capacity of the environment.
Answer options
Option: 2
Correct Answer
Explanation →

Q6:

Government of India enacted the Right to Education Act in 2009 to make free education a Fundamental Right of all children in the age group of ________ years.
Answer options
Option: 3
Correct Answer
Explanation →

Q7:

(A) Nuclear \newline \newline (B) Thermal \newline \newline (C) New and renewable energy \newline \newline (D) Hydro
Following are the sources of electricity generation in India. Arrange them in correct sequence on the basis of total power generation capacity (higher to lower)
Answer options
Option: 4
Correct Answer
Explanation →

Q8:

(A) Competition Act \newline \newline (B) FEMA \newline \newline (C) FERA \newline \newline (D) MRTP
Arrange the following items in correct sequence :
Answer options
Option: 3
Correct Answer
Explanation →

Q9:

The Great Leap Forward (GLF) campaign was initiated in
Answer options
Option: 2
Correct Answer
Explanation →

Q10:

Match List-I with List-II :
List-I List-II
(A) Great Leap Forward (I) Protecting the future generation
(B) Mao Zedong (II) Aimed at industrialising the country on a massive scale
(C) Brundtland Commission (III) Introduced the Great Proletarian Cultural Revolution
(D) Our Common Future (IV) Seminal Report that explained sustainable development as meeting the basic needs of all for a better life
Match List-I with List-II :
Answer options
Option: 2
Correct Answer
Explanation →

Q11:

Second phase of Green Revolution is termed from
Answer options
Option: 2
Correct Answer
Explanation →

Q12:

During 1980s, the growth rate in Pakistan improved on account of which of the following reasons ?
Answer options
Option: 2
Correct Answer
Explanation →

Q13:

When there is unexpected rise in the sales
Answer options
Option: 3
Correct Answer
Explanation →

Q14:

During festive season, the currency deposit ratio
Answer options
Option: 2
Correct Answer
Explanation →

Q15:

European Monetary Union was created in
Answer options
Option: 3
Correct Answer
Explanation →

Q16:

Identify the correct statement in the context of Circular Flow of Income in an economy
Answer options
Option: 3
Correct Answer
Explanation →

Q17:

(A) Ex Ante Saving represents what is actually planned to save. \newline \newline (B) Ex Post Saving represents what is actually planned to save. \newline \newline (C) Ex Post Saving depicts what has actually happened. \newline \newline (D) Ex Ante Post Saving represents what is actually saved.
Identify the correct set of statements
Answer options
Option: 2
Correct Answer
Explanation →

Q18:

Match List-I with List-II
List-I
(Elements)		 List-II
(Features)
(A) Annual Financial Statement (I) Create liabilities or reduce financial assets
(B) Capital Receipts (II) Trade surplus
(C) Capital Payment (III) Main budget document
(D) Export - Import (IV) Create financial assets or reduce liabilities
Match List-I with List-II :
Answer options
Option: 2
Correct Answer
Explanation →

Q19:

In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
How is civic authority getting benefited due to biocomposting ?
Answer options
Option: 4
Correct Answer
Explanation →

Q20:

In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
Choose the correct statement concerned with the passage
Answer options
Option: 3
Correct Answer
Explanation →

Q21:

In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
Water bodies including ground water system have suffered due to :
Answer options
Option: 2
Correct Answer
Explanation →

Q22:

In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
In certain parts of the country, cattle are maintained only because they
Answer options
Option: 2
Correct Answer
Explanation →

Q23:

In our quest to increase agricultural production during the last five decades or so, we almost totally neglected the use of compost and completely switched over to chemical fertilizers. The result is that large tracts of productive land have been adversely affected, water bodies including ground water system have suffered due to chemical contamination and demand for irrigation has been going up year after year. Farmers, in large numbers all over the country, have again started using compost made from organic wastes of different types. In certain parts of the country, cattle are maintained only because they produce dung which is an important fertilizer and soil conditioner.
Earthworm can convert organic matter into compost faster than the normal composting process. This process is now being widely used. Indirectly, the civic authorities are benefitted too as they have to dispose reduced quantity of waste.
What should be the suitable title for the above passage ?
Answer options
Option: 1
Correct Answer
Explanation →

Q24:

India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
Before the British rule, India was well known for which manufacturing industries' products ?
Answer options
Option: 3
Correct Answer
Explanation →

Q25:

India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
What kind of interests was the colonial government concerned with in the economic policy for Indian industries ?
Answer options
Option: 4
Correct Answer
Explanation →

Q26:

India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
Choose the economists who estimated India's National Income and Per capita Income:
Answer options
Option: 2
Correct Answer
Explanation →

Q27:

India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
What was the country's growth of aggregate real output during the first half of the 20th century ?
Answer options
Option: 4
Correct Answer
Explanation →

Q28:

India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country's economy was characterized by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all exports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai — it was Rao, whose estimates during the colonial period were considered very significant. However, most studies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year.
According to the passage, which of the following statement was true about Indian industries' products?
Answer options
Option: 3
Correct Answer
Explanation →

Q29:

It is market where economic agents freely exchange their own goods:
Answer options
Option: 1
Correct Answer
Explanation →

Q30:

(A) Marginal Utility is the change in Total Utility due to consumption of one additional unit of \newline commodity. \newline \newline (B) Two Indifference Curves intersect each other. \newline \newline (C) Marginal Utility becomes Zero at a level when Total Utility remains constant. \newline \newline (D) Diminishing Marginal Rate of Substitution does not affect Indifference Curve. \newline \newline (E) Indifference Curve slopes downwards from left to right.
Which of the following are correct statements?
Answer options
Option: 2
Correct Answer
Explanation →

Q31:

Match List-I with List-II
List-I
(Characteristic)		 List-II
(Explanation)
(A) Equilibrium (I) Plans of all the consumers and firms in the market match
(B) Excess supply (II) Demand decreases with an increase in income
(C) Inferior good (III) Supply is greater than market demand
(D) Price ceiling (IV) Imposition of upper limit by government
Match List-I with List-II :
Answer options
Option: 2
Correct Answer
Explanation →

Q32:

When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as:
Answer options
Option: 3
Correct Answer
Explanation →

Q33:

According to the Theory of Consumer Behaviour, P1X1+P2X2≤MP_1X_1 + P_2X_2 ≤ M is called the Consumer's _____________
Answer options
Option: 3
Correct Answer
Explanation →

Q34:

Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics. \newline (B) J.M. Keynes gave the Theory of Income, Output and Employment. \newline (C) Four Sector Model = C + I + G + (X – M) \newline (D) Store of value is primary function of money.
Choose the correct statements from the following:
Answer options
Option: 2
Correct Answer
Explanation →

Q35:

(A) General theory of Employment, Interest and Money by Keynes. \newline \newline (B) Mahalanobis was made a fellow of Britain's Royal Society. \newline \newline (C) An Inquiry into the Nature and Cause of the Wealth of Nations by Adam Smith. \newline \newline (D) The Economic Consequences of the Peace by Keynes.
Rearrange the given statements in proper chronological sequence in an ascending order (earliest to latest):
Answer options
Option: 1
Correct Answer
Explanation →

Q36:

If there is no government and no foreign trade, then :
Answer options
Option: 3
Correct Answer
Explanation →

Q37:

The value of Nominal GDP is USD 1100 and the value of Real GDP is USD 1000. Find the value of GDP deflator:
Answer options
Option: 2
Correct Answer
Explanation →

Q38:

(A) Stocks are defined over a period of time. \newline \newline (B) Flows are defined over a period of time. \newline \newline (C) Flows are defined at a particular point of time. \newline \newline (D) Stocks are defined at a particular point of time. \newline \newline (E) GVA at factor costs + Indirect Taxes – Subsidies = GVA at market prices
Identify the correct statement:
Answer options
Option: 3
Correct Answer
Explanation →

Q39:

If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, aggregate output is determined solely by the value of aggregate demand. This statement is called _________ Principle.
Answer options
Option: 3
Correct Answer
Explanation →

Q40:

Nominal Interest Rate =
Answer options
Option: 4
Correct Answer
Explanation →

Q41:

Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier?
Answer options
Option: 4
Correct Answer
Explanation →

Q42:

Paradox of Thrift means :
Answer options
Option: 4
Correct Answer
Explanation →

Q43:

__________ depicts what has actually happened.
Answer options
Option: 2
Correct Answer
Explanation →

Q44:

If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.
Answer options
Option: 4
Correct Answer
Explanation →

Q45:

(A) Quantitative tools control the extent of money supply by changing the CRR. \newline \newline (B) There are two types of open market operations – outright and upright. \newline \newline (C) A fall in the bank rate can decrease the money supply. \newline \newline (D) Selling of a bond by RBI leads to reduction in quantity of reserves. \newline \newline (E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial \newline banks.
Which of the following statements are true?
Answer options
Option: 4
Correct Answer
Explanation →

Q46:

Match List-I with List-II :
List-I List-II
(A) Bank Rate (I) Securities are pledged in order to repurchase
(B) Marginal Standing Facility (II) Minimum rate at which funds are provided for long term
(C) Repo Rate (III) Also known as Penal Interest Rate
(D) Reverse Repo Rate (IV) Central Bank borrows funds from commercial banks
Match List-I with List-II :
Answer options
Option: 2
Correct Answer
Explanation →

Q47:

Which of the following is not a function of Central Bank ?
Answer options
Option: 3
Correct Answer
Explanation →

Q48:

Article 112 deals with :
Answer options
Option: 3
Correct Answer
Explanation →

Q49:

All those elements which create liability and decrease the assets of government are known as :
Answer options
Option: 1
Correct Answer
Explanation →

Q50:

(A) Smithsonian Agreement \newline(B) Bretton Woods Conference \newline (C) Establishment of WTO\newline(D) Gold Standard
Arrange the following elements in correct chronological sequence (earliest to latest) :
Answer options
Option: 2
Correct Answer
Explanation →

cuet-eco-2024-01 Past Year Questions (Free PDF Download)

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