CUET UG Economics — Macro previous year questions with solutions.
Currency of which denomination were newly launched during demonetization?
What was the immediate impact of demonetization on the economy?
Which of the following is incorrect about the relaxations given by the government to reduce cash crunch immediately after demonetization?
The aggregate demand curve of an economy is parallel to X axis. What will be the value of investment multiplier in this economy?
A hypothetical economy tends to save only 25% of its additional income. How much additional income would be generated by it if the investment is increased by 50 crores?
Match List-I with List-II | List-I | List-II | |---|---| | (A) Effective demand | (I) National Income | | (B) Say's law of markets | (II) Aggregate demand exceeds aggregate supply at full employment | | (C) Inflationary gap | (III) Supply creates its own demand | | (D) Aggregate supply | (IV) Aggregate demand at equilibrium level | Choose the correct answer from the options given below:
Under __________ system, the central bank intervenes to buy and sell foreign currencies in an attempt to moderate exchange rate movements whenever they feel that such actions are appropriate.
Which of the following are true about national income and related aggregates? (A) National income includes factor income earned from abroad but does not include factor income paid abroad. (B) Domestic income does not include factor income earned from abroad but includes factor income paid to abroad (C) Domestic income include both factor income earned from abroad and factor income paid to abroad (D) National income can never be smaller than domestic Income. Choose the correct answer from the options given below:
Currency notes and coins are termed as ________.
Arrange the following in order as per Income method of measuring national Income. (A) Classifying the production units into primary, secondary and tertiary sector on the basis of their occupational activities (B) Adding the net factor income from abroad. (C) Determination of domestic income. (D) Finding the factor payments made by each production unit and classifying it into compensation of employees, operating surplus and mixed income. Choose the correct answer from the options given below:
Rajesh is a weaver and is looking for food for his family. He approaches Shyam who is a farmer and offers to exchange clothes in return for wheat. However, Shyam says that his family needs shoes, not clothes. Which shortcoming of the barter system is being highlighted in this case?
If the central bank purchases the government securities from the commercial banks, it is likely to
In a hypothetical economy, the consumption function is given as C = 100 + 0.75Y. The autonomous investment in the economy is 200 crores. The equilibrium level of income would be______?
Identify the incorrect feature in the context of GST.
An economy is facing inflationary pressures and the central bank of the country has been asked to control the situation. Arrange the action and result in sequential order. (A) Credit has become costlier and people stop borrowing. (B) Increase in Repo rate by the central bank. (C) Reduction in the money supply and aggregate demand falls. (D) Increase in the market lending rate by commercial banks. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Marginal propensity to save | (I) Slope of consumption function | | (B) Marginal propensity to consume | (II) Value is 1 at the break even point of the economy | | (C) Investment Multiplier | (III) Reciprocal of marginal propensity to save | | (D) Average propensity to consume | (IV) 1- c | Choose the correct answer from the options given below:
Suppose that government bonds in country A pay 8 per cent rate of interest whereas equally safe bonds in country B yield 10 per cent. The interest rate differential is 2 per cent. Arrange the consequences of the same in sequential order. (A) People will find investing in country B more attractive and will therefore demand less of country A's currency. (B) Depreciation of country A's currency and an appreciation of country B's currency. (C) Investors from country A will be attracted by the high interest rates in country B and will buy the currency of country B selling currency of country A. (D) The demand curve for country A's currency will shift to the left and the supply curve will shift to the right. Choose the correct answer from the options given below:
Steel sheets are used for making automobiles and copper used for making utensils, what type of goods are these (Steel and Copper)?
What is required to be added to Net National Product at market prices to obtain National Disposable Income?
At the present level of employment in a hypothetical economy, the aggregate demand is falling short of aggregate supply. What will be the likely change in the level of national income of this economy?
If the required reserve ratio in an economy is 12.5%, the initial cash deposits of ₹2000 will increase the money supply by ______.
In an economy, the consumption curve and saving curve are parallel to each other. What will be the value of investment multiplier in this economy?
Which of the following items will be recorded in the capital account of the Balance of Payments account?
Under the fixed exchange rate regime, if the government of a country finds its currency to be overvalued and therefore deliberately reduces the value of its current against the foreign currency, it will be called as?