CUET UG Economics — Micro previous year questions with solutions.
Breakdown of the 472 Micro questions tagged to a subtopic, by year — darker cells mean more questions.
| Subtopic | Weightage | Total | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Production & Costs | 36.4% | 172 | 172 | |||
| Consumer Behaviour | 27.3% | 129 | 92 | 4 | 23 | 10 |
| Market Equilibrium | 15.3% | 72 | 70 | 2 | ||
| Introduction | 11.4% | 54 | 33 | 1 | 13 | 7 |
| Forms of Market | 9.5% | 45 | 45 | |||
| All subtopics | 472 | 412 | 5 | 38 | 17 |
Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Relationship between the variable input and output. | (I) Average Product | | (B) Output per unit of variable input. | (II) Marginal Product | | (C) Change in output per unit of change in the input | (III) Law of variable proportions | | (D) The marginal product of a factor input initially rises with its employment level | (IV) Total Product | Choose the correct answer from the options given below:
Identify the characteristics of the resources from the following (A) Resources are limited (B) Resources are available for free (C) Resources are scarce only in developing countries. (D) Resources have alternative uses. Choose the correct answer from the options given below:
If the total revenue curve of a firm is an upward sloping straight line, then which of the following is true for this firm?
The total revenue of a firm is increasing at a constant rate. Which of the following is true about this firm?
Perfect information implies that all buyers and all sellers are completely informed about the price, quality and other relevant details about the product, as well as the market. These features result in the single most distinguishing characteristic of perfect competition, that is...
When a firm increases its output and the average cost rises, this phase in the production process is shown as?
Arrange the following statements related to the change in demand for normal good. (A) The consumer's income, increases. (B) Given the prices of other goods and the preferences of the consumer, (C) The demand curve shifts rightward. (D) The demand for the normal good at given price changes.
In the cardinal utility analysis, the marginal utility of money is considered to be
Identify the incorrect option from the following related to a perfectly competitive market.
What are the features of an Indifference Curve? (A) Indifference curve slopes upwards from left to right. (B) Higher indifference curve gives greater level of utility. (C) Indifference curve slopes downwards from left to right (D) Two indifference curves never intersect each other Choose the correct answer from the options given below:
A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence. (A) There will be upward pressure on the price of onions. (B) The buyers will compete in order to get onions in the market. (C) Demand contracts and supply expands until the market achieves a new equilibrium. (D) The market supply of onions decreases, leading to excess demand for the same. Choose the correct answer from the options given below:
If the production is increased to 300 vases, what will happen to Fixed cost per unit?
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called?
What are the key components of a perfectly competitive market? (A) Large number of buyers and sellers. (B) Homogeneous product. (C) Free Entry and exit. (D) Asymmetric Information. Choose the correct answer from the options given below:
When the price elasticity of supply is equal to zero. Then.......... 1. Supply curve is sloping downward. 2. Supply curve is horizontal. 3. Supply curve is upwards sloping. 4. Supply curve is vertical.
If there is a positive level of output at which a firm's profit is maximized in the short run, that condition must not hold at that output level:
In given production function $q = f(x_1, x_2)$ what is depicted by $f(tx_1, tx_2) < tf(x_1, x_2)$.
Price ceilings are also known as............
Which of the following statements are correctly explaining the relationship between the marginal revenue (MR) and price elasticity of demand? (A). Price elasticity is less than 1 when MR is negative. (B). Price elasticity is more than 1 when MR is negative. (C). Price elasticity is more than 1 when MR is positive. (D). Price elasticity is less than 1 when MR is positive. Choose the correct answer from the options given below: 1. (A) and (D) only 2. (A) and (B) only 3. (B) and (D) only 4. (A) and (C) only
Which of the following are true about indifference curves? (A) All the points lying on an indifference curve provide the consumer with different levels of satisfaction. (B) Indifference curves are convex to the origin due to law of Diminishing Marginal Rate of Substitution. (C) Higher indifference curve gives greater level of utility. (D) In the case of perfect substitutes, indifference curves are straight lines. Choose the correct answer from the options given below:
Which of the following central problems deal with the distribution of final goods and services?
Which of the following is incorrect with reference to the imposition of a price floor for a good?
The optimum bundle of the consumer is located at the point where..................?
Shape of Average Fixed Cost Curve is: