CUET UG Economics — Macro previous year questions with solutions.
Reserve Bank of India (RBI) is also known as by which other name.
Which system requires double coincidence of wants?
Match List-I with List-II | List-I | List-II | |---|---| | (A) Capital formation | (I) Intermediate good | | (B) Money Supply | (II) Final good | | (C) Television purchased by a household | (III) Flow | | (D) Steel supply for car manufacturing | (IV) Stock | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Interest received from abroad | (I) revenue expenditure | | (B) Partial repayment of loan | (II) capital expenditure | | (C) Selling of equity of PSUs by the government | (III) revenue receipt | | (D) Salaries given to government employees | (IV) capital receipt | Choose the correct answer from the options given below:
Choose the correct operation which will be adopted to arrive at GDP$_{MP}$ from NNP$_{MP}$.
Any new addition to capital stock in an economy is measured by _________.
Identify the correct statement from the following.
Which of the following is a component of the capital account?
Suppose at the initial equilibrium of $Y^*$, there is an exogenous or autonomous shift in peoples' expenditure pattern – they suddenly become more thrifty. What will be the sequential effect of the above on the economy? (A) The sudden decline in MPC will imply a decrease in aggregate consumption spending and hence in aggregate demand. (B) There emerges an excess supply in the economy, but that would mean a reduction in factor payments in the next round and hence a reduction in income. (C) There is no change in the total value of savings. (D) MPS of the economy increases, and hence MPC falls. Choose the correct answer from the options given below:
Which of the following is not true about currency notes and coins?
If, in an economy, the minimum level of consumption is 45 and 80% of an increase in income(Y) is consumed, what will be the consumption function of this economy?
When did GST came in effect in India?
Identify the correct statements from the following. (A) Borrowings are non-debt creating capital receipt. (B) Revenue deficit is same as borrowings of the government. (C) When a government spends more than it collects by way of revenue, it incurs a budget deficit. (D) The revenue deficit includes only such transactions that affect the current income and expenditure of the government. Choose the correct answer from the options given below:
Given the equation of the consumption function as $C = \bar{C} + cY$, what does $\bar{C}$ donate?
The investment multiplier is equal to which of the following?
"GST has improved India's ranking in terms of ease of doing business. The introduction of GST has attracted foreign investors in large numbers." What will be the sequential impact of the above on the exchange rate of the rupee in the international money market? (A) The supply curve of foreign exchange shifts to the right. (B) The exchange rate starts falling. (C) There is an appreciation of the rupee on the international money market. (D) An increase in foreign investment increases the supply of foreign exchange. Choose the correct answer from the options given below:
From the following, find the right sequence for measuring National Income by Value Added Method: (A) Subtract the value of depreciation and net indirect taxes and add net factor income from abroad to arrive at national income. (B) Estimate the sum total value of output in the primary, secondary and tertiary sectors in the economy. (C) Estimate the value added of each sector by subtracting intermediate consumption from the value of output for every sector. (D) Calculate gross value added as the sum of value added of the three sectors.
Which of the following statement is true?
Which of the following are the features of public goods?
Identify the correct statement from the following.
Given that in an economy, consumption function is C = 80 + 0.80Y and autonomous investment (I) = 120, Match List-I with List-II | List-I | List-II | |---|---| | (A) Equilibrium level of income | (I) 400 | | (B) Break-even point | (II) 120 | | (C) Investment multiplier | (III) 5 | | (D) Value of savings at equilibrium | (IV) 1000 | Choose the correct answer from the options given below:
In the excess demand condition, which of the following measures may be adopted in the economy to control it? (A) Increase in repo rate. (B) Decrease in reverse repo rate. (C) Sale of government securities in the open market. (D) Increase in subsidies. Choose the correct answer from the options given below:
Which of the following is not a merit of the flexible exchange rate system?
What is the equilibrium output when autonomous investment increases from 10 to 20 at a given C = 40 + 0.8Y?