“Daily Practice Paper”

Micro & Macro Economics and IED

CUET – Economics (2023 - 24)
Solutions
1. (a) Theory of production.

2. (c) Theory of Income and employment.

3. (d) Growth of Resources.

4. (b) Relative term

The resources are scarce, while people have unlimited wants in an economy. Thus,
scarcity is relative to the unlimited wants of the people in an economy.

5. (c) Both (a) and (b)

6. (a) MU = TU

7. (a) Cardinal number

8. (a)

9. (c) (Ministry of Tourism)

Swadesh Darshan Scheme was launched by the Ministry of Tourism for the
integrated development of theme-based tourist circuits in India. Under this central
sector scheme, central financial assistance will be provided to states and union
territories for the infrastructural development of the tourist circuits.

10. (c) (Education)

Prime Minister Narendra Modi announced the Pradhan Mantri Schools for Rising
India (PM-SHRI) Yojana. Under the scheme, 14,500 schools from across the
country will be upgraded as PM-SHRI schools. They will have a modern and
transformational method of imparting education. The PM SHRI Schools will
showcase all components of the National Education Policy 2020.

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