CUET UG Economics — Macro previous year questions with solutions.
If the income of the country and income abroad increase simultaneously, then the domestic currency will.............
A country whose aggregate demand grows faster than the rest of the world's normally finds its currency______.
A decrease in income of a country leads to?
Other things remaining same, if the income abroad increases, what is the likely effect of the same on national income of the domestic economy?
If the volume of imports of a country are growing faster than its volume of exports, its gross domestic product _______.
Which of the following statements is true? (A) Gross domestic income is a subset of national income. (B) Corporate profit tax is a factor in income earned by the government. (C) The production of wheat by a farmer retained by himself for his self-consumption will be included in the national income of the country. (D) All capital goods are producer goods, but all producer goods are not necessarily capital goods. Choose the correct answer from the options given below:
Which of the following is a quantitative tool of credit control by the reserve bank of India?
There are 2496 students in a school as on 1st April 2023. During the session, there were 186 new admissions whereas 43 students withdrew from the school. At the end of the session, there were 2539 students in the school, out of whom 1800 were boys and the rest were girls. In this case, which of the following figures represent a flow variable?
Arrange the following in chronological order, starting from the earliest. (A) Publishing of 'An inquiry into the Nature and Cause of the Wealth of Nations'. (B) The Great Depression. (C) Publishing of 'The Economic consequences of the Peace'. (D) Publishing of 'General Theory of Employment, Interest and Money'. Choose the correct answer from the options given below:
The value of the nominal GNP of an economy was Rs 5000 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs 6000 crores. What is the value of the GNP deflator of the year.
Suppose an initial cash deposit of INR 100 crores has been made in a commercial bank where a total credit of INR 500 crores has been created in the economy. The required reserve ratio in this country is.............
The RBI can influence money supply by changing the rate at which it gives long term loans to the commercial banks. This rate is called?
During the period of COVID, there was an apprehension that the Indian economy might slip into recession. Therefore, to combat the situation, the Reserve bank of India reduced the Repo rate by 110 basis points. Arrange the consequences of the same in sequential order. (A) Increase in aggregate demand. (B) Reduction in the market lending rate by commercial banks. (C) Increase in money supply. (D) Increase in borrowings by the public. Choose the correct answer from the options given below:
There may be times when demand exceeds available output under conditions of high employment and thus may give rise to inflation. In such situations, restrictive conditions may be needed to reduce demand. This intervention by the government is considered as
The progressive taxation system seeks to achieve which of the following objectives of the government budget?
If the entire additional income is saved in an economy, the value of investment multiplier will be
The increase in income in an economy is four times more than the increase in investment. What is the value of marginal propensity to consume in this economy?
Which of the following are used to estimate GDP by expenditure method? (A) The final consumption expenditure on the goods and services produced by the firm. (B) The expenditure that the government makes on the final goods and services produced by firm. (C) Compensation of employees. (D) The final investment expenditure Choose the correct answer from the options given below:
A farmer produces cotton in his farm and sells it to the yarn making firm at Rs 2500. The yarn making firm sells this yarn to the cloth mill for Rs 4000, who make cloth from it and this cloth is sold to a readymade garments factory for Rs 6500. The ready made garments factory sells the garments to the retailer for Rs 9000 and makes a profit of Rs 2000. Assuming that the farmer does not incur any intermediate cost, what will be total value added in the above process?
Aggregate output is determined solely by the level of aggregate demand. This is known as effective demand principle. Which of the following is not the assumptions behind this principle?
Which of the following is not a source of demand for foreign exchange in India?
Identify the correct expression to calculate equilibrium level of income of an economy.
If the M1 in the economy is Rs 375 crores, net time deposits of commercial banks is Rs 250 crores and total deposits with post office savings organizations is Rs50 crores, then what will be M4?
M3 does not include which of the following?