CUET UG Economics — Macro previous year questions with solutions.
The rate at which Reserve Bank of India gives loans to the commercial Bank for longer duration: 1. Repo Rate. 2. Reverese Repo Rate. 3. Bank Rate. 4. Saving Rate.
Which government body is responsible for reporting GDP in India ? 1. Department of Revenue 2. Central Board of Direct Taxes 3. Central Statistics Office 4. Niti Ayog
Arrange the following steps of determination of equilibrium income in chronological order if C = 40 + 0.8Y, I = 10. (A) Y = C + I (B) 0.2Y = 50 (C) Y = 50 + 0.8Y (D) Y = 250 Choose the correct answer from the options given below: 1. (A), (B), (C), (D) 2. (A), (C), (B), (D) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
It is difficult to record all international transactions accurately. Thus, there is a third element of Balance of Payment (BoP) (apart from the current and capital accounts) which adjusts inaccuracies to some extent that is called: 1. Reserves Change 2. Overall Balance 3. Errors and Omissions 4. Other Flows
Personal Disposable Income is? 1. The part of Aggregate Income which belongs to the household. 2. The part of Aggregate Income which belongs to the Government. 3. The part of Aggregate Income which belongs to the firm. 4. The part of Aggregate Income which belongs to the rest of the world.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Real GDP | (I) Commodities traded in bulk. | | (B) Nominal GDP | (II) GDP evaluated at constant prices. | | (C) Consumer Price Index | (III) Commodities bought by representative consumers. | | (D) Wholesale Price Index | (IV) GDP evaluated at current market prices. | Choose the correct answer from the options given below: 1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 2. (A) - (II), (B) - (IV), (C) - (III), (D) - (I) 3. (A) - (I), (B) - (IV), (C) - (III), (D) - (II) 4. (A) - (IV), (B) - (I), (C) - (III), (D) - (II)
Consider the following statement related to investment: (A) The common notion is that investment is using money to buy physical or financial assets. (B) From an economist's view, investment is capital formation. (C) While measuring the final output, the portion which comprises capital goods, is the Gross Investment of an Economy. (D) The common and economic view regarding investment does not make any difference. It is the same. Choose the correct answer from the options given below: 1. (A), (B) and (C) only 2. (A), (B) and (D) only 3. (A), (B), (C) and (D) 4. (B), (C) and (D) only
Arrange the following as per the theory of the 'Paradox of Thrift': (A) Marginal Propensity to consume decreases. (B) Amount of savings decreases. (C) People become more thrifty. (D) Equilibrium level of income decreases. Choose the correct answer from the options given below: 1. (C), (A), (D), (B) 2. (A), (C), (B), (D) 3. (B), (A), (C), (D) 4. (C), (B), (A), (D)
The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following? 1. Product method measures the aggregate value of final goods and services produced by all the firms. 2. Income method measures the sum total of consumption expenditure. 3. Product method refers to the final consumption expenditure on the goods and services produced by the firm. 4. Income method refers to the fixed cost of the goods and services produced by the firm.
When the interest rate is very high, newspapers and media channels are predicting that it may fall in future and hence anticipate capital gains from bond-holdings. Hence, people convert their money into bonds. In the above statement, which motive of money is highlighted? 1. Transaction Motive 2. Speculative Motive 3. Demonetisation Motive 4. Precautionary Motive
The General Theory of Employment, Interest and Money was published in......... and by ............. 1. 2025, Adam Smith. 2. 1935, John Maynard Keynes. 3. 1936, John Maynard Keynes. 4. 1932, David Ricardo.
Match List-I with List-II | List-I | List-II | |---|---| | A. MPS | I. Saving Per unit of Income. | | B. MPC | II. Consumption per unit of Income | | C. APS | III. Change in consumption per unit change in income. | | D. APC | IV. Change in savings per unit change in income. | Choose the correct answer from the options given below: 1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 2. (A) - (I), (B) - (III), (C) - (II), (D) - (IV) 3. (A) - (IV), (B) - (III), (C) - (I), (D) - (II) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Arrange the following in correct sequence with respect to exchnage rate :- (A) The central bank purchases dollars to absorb the excess supply. (B) The exchange rate is fixed by the government higher than the market rate of exchange. (C) The government wants to encourage exports. (D) Supply of the dollars exceeds the demand for the dollar. Choose the correct answer from the options given below: 1. (B), (A), (D), (C). 2. (D), (A), (C), (B). 3. (C), (A), (D), (B). 4. (C), (B), (D), (A).
When income increases, consumer spending increases. Spending on imported goods is also likely to __________. 1. Decrease. 2. Constant. 3. Increase. 4. Maybe an increase or maybe decrease.
Which of the following is correct regarding National Income Accounting ? 1. In order to compare the GDP figures of the same countries at different points of time, nominal GDP is used. 2. In order to compare the GDP figures of different countries, real GDP is used. 3. Flows are defined at a particular point of time. 4. Stocks are defined over a period of time.
Official reserve sale refers to 1. The reserve bank sells foreign exchange when there is a deficit. 2. The International Monetary Fund sells foreign exchange when there is a deficit. 3. Net consequences of autonomous transactions. 4. The agreement in which national currencies are traded for one another.
With reference to the above passage, the current account comprises? 1. Exports and Imports of visible items only. 2. Exports and imports of visible and invisible items and external borrowings. 3. Exports and imports of goods & services plus transfer payments. 4. Short Term Debt.
Which of the following statements is correct about commercial banks ? A. Considered as Money Creating system of the Indian Economy B. They accept deposits from the public at a lower interest rate and lend out part of these funds at a higher interest rate C. The difference between the interest rate paid to depositors and charged for lending is called "Spread". D. Commercial banks in isolation control the money supply in India. Choose the correct answer from the options given below: 1. (A), (B), (C) and D 2. (A), (B) and (D) only 3. (A), (B) and (C) only 4. (A) and (D) only
This is the index of prices of a given basket of commodities which are bought by the representative customer. Two years under consideration are kept – one is the base year, the other is the current year. First, the cost of purchase of a given basket of commodities in the base year is calculated. Then the cost of purchase of the same basket in the current year is calculated. Then we express the latter as a percentage of the former. This index is called : 1. Customer Index Pricing 2. Consumer Index Pricing 3. Consumer Price Index 4. Customer Price Index
Which of the following statements is correct with reference to the Cash Reserve Ratio (CRR)? A. The RBI decides a certain percentage of deposits which every bank must keep as reserves with the central bank B. To ensure that no bank is 'over lending' C. This is a legal requirement and is binding on the banks D. Cash Reserve Ratio and Statutory Liquidity Ratio are the same concept. Choose the correct answer from the options given below: 1. (A), (B) and (D) only 2. (A), (B) and (C) only 3. (A), (B), (C) and (D) 4. (B), (C) and (D) only
Gross Domestic Product at Market Price is the? 1. Gross Domestic Product at market price less net product taxes. 2. Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year. 3. Expenditure to maintain the current GDP level. 4. Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.
Match the following: | List -I | List -II | |---|---| | (A) Direct Investment | (I) Bilateral Loans | | (B) Portfolio Investment | (II) Equity Capital | | (C) External Borrowing | (III) Off Shore Funds | | (D) External Assistance | (IV) Short Term Debt | Which of the following combination is a correct match of the above? 1. (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 2. (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 3. (A) - (II), (B) - (III), (C) - (IV), (D) - (I) 4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Consider the statements about Open Market Operations (OMO): (A) OMO is a tool by which the Reserve Bank of India(RBI) controls money supply. (B) OMO is an example of Qualitative Control. (C) Selling bonds through RBI reduces the money supply. (D) Outright OMOs are permanent in nature. Choose the correct answer from the options given below: 1. (A), (B), (C), (D) 2. Only (A), (B), (C) 3. Only (A), (C), (D) 4. Only (A), (D)
The headline inflation rate is largely under control, although the inflation rate for some specific food items is elevated. In the above statement, what is meant by control? 1. Within the range of the acceptable inflation rate. 2. Price rise of basic consumption item is not in control. 3. Price of items for daily consumption are growing in such a manner that they are manageable through implementing policy tools if need arises. 4. No price rise has been witnessed.