CUET UG Economics — Macro previous year questions with solutions.
When goods and services are evaluated at some constant set of prices, it can also be defined as.
When the marginal propensity to consume is given as $0.5$. What is the tax multiplier?
To tackle the problem of corruption, black money, terrorism and the circulation of fake currency in the economy, demonetization was an initiative taken by the Government of India in the period?
The change in the inventory of a firm is treated as an investment. What are the major categories of investment? (A) Investment Expenditure. (B) Autonomous Investment. (C) Fixed Business Investment. (D) Residential Investment. Choose the correct answer from the options given below:
Arrange the following events in chronological order according to time period. (A) The Economic Consequences of the Peace. (B) An Enquiry into the Nature and Cause of the Wealth of Nations. (C) The Great Depression. (D) General Theory of Employment, Interest and Money. Choose the correct answer from the options given below:
$C = 120 + 0.5Y$ $I = 20$ What is the equilibrium income?
Match List-I with List-II | List-I | List-II | | --- | --- | | (A) GNP$_{MP}$ - Depreciation | (I) NNP$_{MP}$ | | (B) GDP$_{MP}$ + NFIA | (II) GNP$_{MP}$ | | (C) NNP$_{MP}$ - Net Product Taxes - Net Production Taxes | (III) GDP$_{MP}$ | | (D) GVA$_{MP}$ | (IV) NNP$_{FC}$ | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Fixed period to maturity. | (I) Intrinsic Value | | (B) Currency notes and coins. | (II) M3 | | (C) Gold or silver coin. | (III) Time Deposits | | (D) Aggregate monetary resources. | (IV) Fiat Money | Choose the correct answer from the options given below:
In macroeconomics, when a price is constant, equilibrium is achieved at a point where?
Which one is not the component of capital receipts?
Even if income is zero, some consumption still takes place, which is independent of income. This type of consumption is called?
Arrange the following events in chronological order as per the time period. (A) Gender Budgeting. (B) Fiscal Responsibility and Budget Management Act. (C) 101th Constitution Amendment Act. (D) Goods and Service Tax. Choose the correct answer from the options given below:
The government imposes taxes that do not depend on income, called?
Arrange the given case study considering this process of ex-ante to ex-post investment. (A) At the end of the year, his inventory goes up by Rs 70 only (B) Due to an unforeseen upsurge in demand for his goods in the market, the volume of sales exceeds (C) The producer plans to add Rs 100 worth of goods to his stock by the end of the year, which is his planned investment (D) To meet this extra demand, he has to sell goods worth Rs 30 from his stock Choose the correct answer from the options given below:
Rahul buys $90 \text{ kg}$ of sugar and $5$ pairs of shoes in a year. In the year $2000$, the price of a $\text{kg}$ of sugar was $\text{Rs } 10$ and a pair of shoes was $\text{Rs } 100$. Now suppose the prices of a $\text{kg}$ of sugar and a pair of shoes have gone up to $\text{Rs } 15$ and $\text{Rs } 120$ in the year $2005$. What is the Consumer Price Index?
The Reserve Bank of India publishes four measures of money supply. Which one of the measures is the least liquid in them?
The value of elements of the balance of payments are given as: Exports: $150$ million Imports: $240$ million Invisibles: $52$ million Non-factor Services: $30$ million Transfers: $32$ million What is the current account balance?
A current account deficit means that the nation is a borrower from other countries, which can also be represented as.
A banking service provided by a country is accounted in the element of the balance of payment.
When a country exports more goods than its imports, the balance of trade is considered to be?
If India's current account balance is $-58$ million and the capital account balance is $62.5$ million. What will be the errors and omissions to have an overall balance in balance of payments?
Arrange the following money measures into their high to low liquid form. (A) M4 (B) M2 (C) M1 (D) M3 Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Marginal propensity to consume | (I) Change in savings per unit change in income. | | (B) Marginal propensity to save | (II) Savings per unit of income. | | (C) Average propensity to consume | (III) Change in consumption per unit change in income. | | (D) Average propensity to save | (IV) Consumption per unit of income. | Choose the correct answer from the options given below:
If aggregate demand changes, the equilibrium level of income changes. This can happen in any one or combination of the following situations: (A) Change in consumption. (B) Multiplier Effect. (C) Substitute Effect. (D) Change in Investment. Choose the correct answer from the options given below: