CUET UG Economics — Macro previous year questions with solutions.
Under a flexible exchange rate, when the price of domestic currency in terms of foreign currency increases is called?
If the central bank wants to reduce the money supply in the economy, what it may do from the following? (A) Increase bank rate. (B) Reduce cash reserve ratio. (C) Increase in Repo Rate. (D) Buy securities in the open market. Choose the correct answer from the options given below:
Which of the following best defines 'Unilateral Transfers' in the context of international transactions?
Kavish went to the supermarket with ₹5000 in his wallet to buy groceries for his family. He purchased vegetables, fruits and other household items, paying the respective prices at the counter. Which functions of money were being demonstrated in this real life scenario? (A) Unit of Labour. (B) Store of Value. (C) Medium of Exchange. (D) Measure of Creditworthiness. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Bank Rate | (I) Securities are pledged in order to repurchase. | | (B) Open Market Operations | (II) Minimum rate at which funds are provided for long term. | | (C) Repo Rate | (III) Buying and selling of bonds issued by the government in open market. | | (D) Reverse Repo Rate | (IV) Central bank borrows funds from commercial banks. | Choose the correct answer from the options given below:
Value added refers to which of the following?
The measurement of Balance of Payments deficit is based on ___________ transactions.
The range of value of investment multiplier is always between _________ and _________.
Due to weakening of global economic activity, level of aggregate demand ___________ in the economy.
The impact of the above situation under the Keynesian theory of income and employment in an economy is?
The cause of the above situation is?
In case of an underemployment equilibrium, which of the following alternative is not true?
Which of the following does not lead to fall in Aggregate Demand?
Arrange the following steps of calculation of National income in sequence. (A) Deduction of intermediate cost (B) Estimation of value of output (C) Add net factor income from abroad (D) Deduction of depreciation and NIT Choose the correct answer from the options given below:
Arrange the following steps of estimation of National Income by income method in the proper sequence. (A) Identification and classification of producing firms. (B) Estimation of NDPFC (C) Estimation of NNPFC (D) Classification of factor Income. Choose the correct answer from the options given below:
Who is the author of "The General Theory of Employment, Interest and Money"?
In deficit condition of Balance of Payment if the central bank sells foreign exchange then this particular transaction is known as .......
Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Gross Domestic Product at Market Price | (I) NDPMP - Net Product Taxes - Net Production Taxes | | (B) Net Domestic Product at Factor Cost | (II) GVA at basic prices - Net Production Taxes | | (C) GVA(Gross Value Added) at factor cost | (III) C+I+G+(X-M) | | (D) Gross National Product at Factor Cost | (IV) GNPMP - Net Product Taxes - Net Production Taxes | Choose the correct answer from the options given below:
Currency notes and coins are called:
With keeping tax rate (T) constant if government purchases(G) increase, then arrange the following statement considering the effect on total income and output. (A) Rise in Plan Aggregate expenditure. (B) Government runs a deficit when G exceeds T. (C) Equilibrium income level increased. (D) Aggregate demand schedule shifts upward. Choose the correct answer from the options given below:
When an individual buys foreign goods, this spending is known as .....
The index of prices of a given basket of commodities which are bought by the representative consumer is known as :
Arrange the following conditions from most to least liquid form: (A) Currency + Demand Deposit+Savings deposits with Post Office savings banks. (B) Currency + Demand Deposit + Net time deposits of commercial banks+ Total deposits with Post Office savings organisations. (C) Currency + Demand Deposit. (D) Currency + Demand Deposit + Net time deposits of commercial banks. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Cash Reserve Ratio (CRR) | (I) Central Bank of the Country | | (B) Statutory Liquidity Ratio (SLR). | (II) The interest rate at which the money lent by Central Bank | | (C) Lender of last resort. | (III) Percentage of deposits which must kept as cash reserves with the Central bank. | | (D) Repo Rate | (IV) Reserves in liquid form in the short term | Choose the correct answer from the options given below: