CUET UG Economics — Macro previous year questions with solutions.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Current Account | (I) Receipts < Payments | | (B) Capital Account | (II) Net Investment Income. | | (C) Current Account Deficit | (III) Transfer Payment | | (D) Trade in Services | (IV) Portfolio Investment | Choose the correct answer from the options given below:
The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalized) is referred to as .........
Goods which are traded in large quantity and are not purchased by ordinary consumers. The price measure of such trading is known as .......
When the Reserve Bank of India buys government bonds from the market, how does that affect money supply in the economy?
In the closed economy the ex ante aggregate demand for final goods is the sum total of:
Addition to the stock of physical capital and changes in the inventory of a producer is known as .......
The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure is called:
How much total credit creation can bank creates with Cash Reserve Rato of 20% when bank's reserves are Rs. 1000.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Net Worth | (I) Currency + Deposits | | (B) M₁ | (II) Reserves + Loans | | (C) Assets | (III) 1/ Cash Reserve Ratio | | (D) Money Multiplier. | (IV) Assets – Liabilities | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Net National Product at Market Prices (NNP_MP) | (I) GNP_MP - Net Product Taxes - Net Production Taxes | | (B) Gross National Product at Market Prices (GNP_MP) | (II) GDP at market prices | | (C) Gross National Product at Factor Cost (GNP_FC) | (III) GNP_MP - Depreciation | | (D) GVA at Market Prices | (IV) GDP_MP + NFIA | Choose the correct answer from the options given below:
Any concept or saying, that describes the functioning of an imaginary economy is called ........
What government planned for different economic activities is an application of which of the following?
Arrange the following central bank reserve rates in their descending rates. (A) Cash Reserve Ratio (B) Repo Rate. (C) Reverse Repo Rate. (D) Statutory Liquidity Ratio. Choose the correct answer from the options given below:
Identify the economic agents from the following. (A) Consumers. (B) Institutions like banks or corporations. (C) Producer. (D) Government. Choose the correct answer from the options given below:
The government can change the distribution of income and bring about a distribution that is considered 'fair' by society. This policy decision is called ........
From the following, identify the main features of Fiscal responsibility and Budget Management act. (A) The actual deficits may exceed the targets specified only on grounds of national security or natural calamity or such other exceptional grounds as the central government may specify. (B) The Act mandates the central government to take appropriate measures to reduce fiscal deficit to not more than 3 percent of GDP (C) The central government shall not borrow from the Reserve Bank of India except under specified conditions. (D) Measures to be taken to ensure greater transparency in fiscal operations. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Public Provision | (I) No feasible way to deny anyone to use public goods. | | (B) Stabalisation Function | (II) Goods are produced directly by the government. | | (C) Non-Excludable | (III) Financed through the budget and can be used without any direct payment. | | (D) Public Production | (IV) Whether to expand demand or reduce it. | Choose the correct answer from the options given below:
Which of the following statements are true: (A) Average propensity to consume is the change in consumption per unit to change in income. (B) Ex-ante depicts what has been planned. (C) Ceteris paribus means 'other things remain equal'. (D) Ex-post depicts what has actually happened. Choose the correct answer from the options given below:
An increase in exchange rate implies that the price of foreign currency in terms of domestic currency has increased; this is called ........
When the central bank intervenes to control the exchange rate through sell/purchase of foreign currencies, this process is called______
In an economy, to control a high balance of payment problem if government decided to reduce its currency value against globally accepted foreign currency, this process this known as:
When income increases and due to increase in income the demand for foreign goods increases then in this scenario what impact does economy face on foreign exchange rate ?
The place where currencies are traded is known as .........
Match List-I with List-II | List–I | List–II | | --------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | (A) Gross Domestic Product at Market Prices (GDPₘₚ) | (I) All the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad. | | (B) Net Domestic Product at Market Prices (NDPcₘₚ) | (II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year. | | (C) Gross National Product at Market Prices (GNPₘₚ) | (III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity. | | (D) National Income (NI) | (IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country. Choose the correct answer from the options given below: |