CUET UG Economics — Macro previous year questions with solutions.
Arrange the steps involved in preparation of the government budget. (A) Discussion and approval by the parliament. (B) Preparation of budget by the Ministry of Finance. (C) Implementation by the government. (D) Approval by the Cabinet. Choose the correct answer from the options given below:
A perfectly elastic aggregate supply curve implies that: (A) There is fuller utilization of resources in the economy. (B) There is unemployment of resources in the economy. (C) There is excess capacity in the economy. (D) Aggregate demand is less in the economy. Choose the correct answer from the options given below:
Level of planned output coincides with planned expenditure when: (AD = Aggregate Demand. AS= Aggregate Suplly)
Instead of outright sale of securities, the Central Bank may sell securities through an agreement which has a specification about the date and price at which it will be repurchased. This type of agreement is called ________. The rate at which money is withdrawn in this manner is called________.
In an economy , the aggregate demand function is given by AD= 80 + 0.75 Y. What will be the value of investment multiplier?
Quantitative instruments of monetary policy focus on : (A) Quantity of money across selected sectors of the economy. (B) Overall supply of money in the economy. (C) Credit creation capacity of commercial banks. (D) Inflationary and deflationary gaps in the economy. Choose the correct answer from the options given below:
In an Economy , total savings are rs. 2000 crores and the ratio of average propensity to save and average propensity to consume is 2: 7. Calculate the level of income in the economy?
Revenue deficit in the government budget can be managed through:- (A) Borrowings from RBI. (B) Disinvestment. (C) Increasing Subsidy. (D) Borrowings from the general public. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Secondary Deposits | (i) Initial deposits with commercial banks | | (B) Primary Deposits | (ii) The ratio of money held by the public in currency to that held at deposits in commercial banks. | | (C) Currency Deposit ratio | (iii) No intrinsic value | | (D) Fiat money | (iv) Demand deposits which come back to Commercial bank through lending process. | Choose the correct answer from the options given below:
Which of th following system is followed by the Reserve Bank of India for issuing currency?
If all the people in the economy increase the proportion of income they save, the total value of savings in the economy will not increase – it will either decline or remain unchanged. This situation is known as...................
Identify which of the following is an example of non-debt capital receipts.
Arrange the following steps involved in the process of credit creation by Commercial Banks. (A) The commercial bank lends the excess reserves to the borrowers. (B) The borrowers deposit the loaned money in the bank. (C) The bank keeps a portion of the lent deposit money as reserve. (D) The initial deposit is made in the commercial bank. Choose the correct answer from the options given below:
Electronic transfer of money in terms of credit/ debit entries of the account-holders in the banks is called____.
Identify the flow variable from the following:
What does capital account of BOP record?
What is the role of official reserve account?
What could persistent current account deficit lead to?
What does the BOP record?
How can a country reduce the BOP deficit?
By what value equilibrium output and aggregate demand will change, when the value of parameter c changes from 0.8 to 0.5 at a given A = 50?
Consumer Price Index (CPI) is measured by_______
Which statement is not true for M3 as a measure of money supply.
From the following find the statements related to GDP and the welfare of the economy (A) The domestic services that women perform at home are considered in the calculation of GDP. (B) Harmful effects caused due to carbon emissions from factory production are not counted as GDP. (C) The rise in GDP may be concentrated in the hands of very few individuals or firms. (D) Higher levels of GDP always ensure higher welfare. Choose the correct answer from the options given below: