CUET 2024

Economics Question Paper

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 (2)
309 E/C
would result in
Casualization ofworkfoce
vulnerablility ofthe workforce.
1

() Decreasc in the
in the vulncrability of the workforce.
(2) Increasc
of regular workers. )
(3) Incerease in the number
stablility.
(4) Income and employment
ascendeg order (carliest to lo
2 Choosethe corect chronological sequence in
(A) Establishment of NABARD
Budget Maragement Act)
(B) FRBMA (Fiscal Responsibility and
(C) Third Five Year Plan
(D) Nationalization of RBI
(1) (A). (B), (C), (D)
(3) (D), (A), (B), (C)
A#@S@
(2) (A), (C), (B), (D)
(4) (D),(C), (A), (B)
3. Under flexible exchange rate, when the price of domgjc currency in terms of
is called

(1) Depreciation of domestic currency

foreign currency iks
(2) Appreciation of domestic currency
(3) Devaluation of domestic currency
(4) Revaluation of domestic currency

4. Match List-I with List-II:

List-I
List-II
(A) Pegged exchange rate system (I)
(B)
Setting up of IMF and World Bank
Managed floating (II) Fixed exchange rate
(C) Bretton Woods Conference system
(II) bity floating
(D) Third element in BOP
((V)Error and Omission Account
Choose the correct answer from the options given
belew :
A#@
(1) (A) - (I),(B) - ), (C) - (II), (D)
-(V)
(2) (A) - (1), (B) - (III), (C) - (), (D) -
((V)
(3) (A)- 1), (B) -(II), (C) -(V), (D) - (II)
(4) (A) - (lI), (B) - (IV), (C) - (), (D)- (I)
SPACE FOR ROUGHWORK
 (3)
309 E/C
extraction() not above the rate of regeneration of resources and the
5. implies that resource
assimilating ccity of the environment.
wastes generated are within the
@ (2) Carrying capacity
(1) Absorptive capacity (4) Exhaustive capacity
(3) Subsistence capacity
EunA
enacted the Right to Eddtation Act in 2009 to make free education a
6. Government of India
years.
Right of allchildren in the age group of.
(2) 6-12
(1) 4- 10
(4) 8- 15
(3) 6-14
on the basis
in India. Arrange them in correct sequence
7. Following are the sources of electricity generation
A#AS@@@
generation capacity (higher to lower) :
of total power
(A) Nuclear
(B) Thermal
(C) New and renewable energy
(D) Hydro
giyen below :
Choose the correct answer from the options
(2) (A), (C), (B), (D)
(1) (A), (B), (C), (D)
(3) (B), (C), (D), (A)
(4) (B), (D), (C), (A)
in correct sequence:
8. Arrange the following items
(A) Competition Act
#@A@@@
(B) FEMA
(C) FERA
(D) MRTP
correct answer
from the options giyen below :
Choose the
(C), (D) (2) (A), (C), (B), (D)
(1) (A), (B), (4) (C), (B), (D), (A)
(D), (C), (B), (A)
(3)
(GLF) campaign wasinitiated in
Leap Forward
9. The Great (2) 1938
(1) 1948 (4) 1942
(3) 1958
SPACE FOR ROUGH WORK
 (4)
309 E/C
10. Match Ust-l with Ust-ll •.
List-\ List-I§)

Great Leap Forward g the future generation

Mao Zedong t industra\ising the country on a massive scale

(C) Brundt\and Commission
(D) Our Common Future (IV) Semi\f Report that explained sustainable development as
meeti- the basic needs of all for a better life
Choose the correct answer from the options given be
(l) (A) - (1), (B) - (11), (C) - (111), (D) - (IV)
(2) (A) - (11), (B) - (Ill), (C) - (1), (D) - (IV)
(3) (A) - (1), (B) - (11), (C) - (IV), (D) - (111)
(4) (A) - (Ill), (B) - (IV), (C) _ (1), (D) _ (ll)

11. Second phase of Green Revolution is termed from:!,

(1) mid . 1960s to mid 1970s
;
(2) mid 1970s to mid 1980s f.Ft
(3 ) mid 1950s to mid 1960s
(4 ) mid 1980s to mid 1990s
<\
�
�
12. D unng .
• 1980s, the growth rate m .
Pakistan improved � account of which of the �1011owm
. g reasons?
�
(1) In sftuf
i iona1·ised process of technical change
(2 ) A good harvest
(3) Sustainable export of manufactured goods
(4) High amount of foreign direct investment inflow

13. When there is unexpected rise in the sales t'§)

( l ) Aggregate demand would decline. l.§)
(2) There will be unplanned accumulation of invenles.
(3) There will be unplanned decumulation of invent�ies.
(4) Normal profit would be lower.
. (�)
�.\=\::
it
During festive season , the c_urrency depos ratio _771
. ___

14.
.(2\ increases
( 1) decreases
(4) \"irst decreases then increases
ct on it
(3) has no impa ___
----;S;P�A�C;E�F�O;R�R�O�UGG�H�W�O;R;-K ___________
��-------
--

..
fshiksha
 309 E/C (5)
15. European Monetary Union was created in
(1) 1996 (2) 1994
(3) 1999 (4) 2002

16. Identify the corect statement in the context

) ofeircular Flow of Income in atwo
(1) Household receives factor services from gms. sector eConomy :
(2) Household invests while firm saves.
services.
(3) Firms produce goods and
(4) Household supplies factor services to GoÇrnment.

17. Identify the correct set of statements.

(A) Ex Ante Saving represents what is actually planned to save.
(B) Ex Post Saving represents what is actually planned to save.
(C) Ex Post Saving depicts what has actually happened.
(D) ExAnte Post Saving represents what is actually saved.
Choose the correct answer fom the options gen below:
(1) (A) and (D) only N#@A
(2) (A) and (C) only
(3) (B) and (D) only
(4) (C) and (D) only
18. Match List-I with List-II :
List-I List-II
(Elements) (Features)
(A) Annual Financial Statement Create liabilities or reduce financial assets
()
B
Capital Receipts (I) Trade surplus
(C) Capital Payment
Main budget document
(D) Export > Import
(I•) Create financial assets or reduce liabilities
Choose the correct answer from the options giveh below
() (A)- (I), (B) - (II), (C) - (II), (D) -
(IV)
(2) (A) -(II),(B) -(I), (C) -(IV), (D) -(II)
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) +:
(4) (A) - (III), (B) - (IV), (C) - (), (D) - (1) <1

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WORK
 neglectedchemica
the
o
3
overparts process nom to normal
composting

all
certain fertilizer dispose to
of tonumbers This respect made.
totally due
tracts process.
to be
suffered In
large large important
types. have with to cannot
almost respect respect
composting
thathavein they compost composting
different
we Farmers,an with with
The
result
is system as
so, 1s
too compostcompost
or which normal into
of normal
decades wateryear. benefitted to. irigation
wastes matter WORK
biocomposting?
includinround
ertilizers.
after dung the malagement. into into
and
sufiered
due
questions:
five organic : organic matter matter composag demandfør ROUGH
year proace thanare pastge
ast waste
up faster
authorities waste organic organic have
(6) the chemica from waste FOR
going they of the Convert
five during compost to quantity of based system increased
due quantitywith convert convert SPACE
next been madebecause waste.in
to bodies civic benefitted role to
concerned
production
over earthworm
water
the has compost into any no reduced time to
increased and
to
waterirrigationonly the
answer switched matter has
dispose time time ground contamination
land
Indirectly, getting equal
statement
maintained authority
dispose more less between
agricultural
affected, using dispose composting
process. of
and completely
organic to takes including fertility
for authority have takes takes (1) (3)
Organic
farming
Biocomposting
passage started
demand
adversely used. to civicto correct EarthwormComparison
convert havedon't have Earthworm
Earthworm Chemical Increased
increase are
again widely civic Because process. process. bodies
following and and cattle quantity
of
waste. TheyThey They the
been can
to compost
contamination
have is Choose Water
quest have country, Earthworms
conditioner.
being How
(1) (2) (3) (4) (1) (2) (3) (4) (2) (4)
E/C the
309 Country,
Read our of land the now 20.
In use 19. 21.
 309E/C

2. In certain parts of the country, cattle (7)

are
(1) Produce milk to increase income of maintainedi only
(2) Produce dung which is an
important
f
farmers because they
(3) Work as insect repellants fertilizer and soil
(4) Are asymbol of
traditional ethics and va conditioner
23. What.should be the
suitable title for the
(1) Biocomposting
(3) Traditional Knowledge and Practice
aboveASsage?(2)
(4) Biopest Control
Read the following Uses of
India had an
passage and answer the next fve
questions,
Chemical Fertilizers
independent economy
of
livelihood for most people, yet, thebefore the advent of the British rule.
activities. India was country's economy was Though agriculture was the main
metal and precious particularly well known for its charact e ris ed by
yarious kinds sourCe
stone works etc.
These handicratt of
industries the fields of cotton andmasilknutacturing
in
fine quality of material used and products enjoyed a worldwide tertiles
eConomic policies pursued by the the high market based on
standards of craftsmanship seen in all reputaion of the
the
promotion of the economic interestscolonial governgpgnt in India were imports from India. The
of their concerned more with the protection and
Such policies
brought about a
COuntry into asupplier of fundamental hometountry than with the
change the structure of the development of the Indian economy.
colonial government neverraw materials and consumetof finished industrial Indian economy transforming the
Some made any sincere products from Britain. Obviously, the
Amonginthedividnotable
ual attenpts which were made to measurt such
attempt to estimate India's national and per capita ncome.
incomes yielded Iconflicting andinconsistent results.
Desai it was Rao,estwhose
imators Dadabhai Naoroji, William Digby, Findlay Shirras, VKRV. Rao and R.C.
studies did
find that the
estimates during the colonial
period were considered very significant. Howeve, most
than two per centcountry's growth of aggregate real output during the first half of the twentieth century
Was less
24. coupled with ameagre half per cent
Before the British rule, India was growth im per capita output per year.
() wellknown for which industries' products ?
Cotton and Silk or Khadi manufacturing
(2) Cotton and textiles
(3) Cotton and Engi neering products
Silk textiles, metal and
(4)
Engineering goods and precious metalspreciqng stones, eto
SPACE FOR ROUGH WORK
309 E/C (8)
25. What kind of interests was the colonial government concerned with
in the
industries ?
economic policy for Inhia
(1) To promote the handicraft industries of India
(2) Promote and protect small scale industries of India
(3) Protect and promote the economic
interests Indian
of
(4) Provide protection and industry along with their
promotion of the economic interests of their horm#@
country
26. Choose the economists who home country<
estimated India's National Income and Per
(1) Dadabhai Naoroji, Capita Income.
William Digby, Bernier, V.K.R.V. Rao
(2) Dadabhai and R.C. Desai
Naoroji, William Digby, Findlay
(3) Dadabhai
Naoroji, Jagdish Bhagwati, Shirras, V.K.R.V. Rao and R.C. Desai
Naoroji, Findlay Shrirras andV.KRV. and R.C. Desai
(4) Dadabhai Rao
27. What was the country's
VKRV. Rao
growth of aggregate real
(1) The
country's growth of aggregate real output during the first half of the
percent growth in per capita
(2) The
output was less than two
output per year.
20nntury ?
percent coupledwith a meagre o
and acountry' s growth of aggregate real
half percent
(3) The growth in per capita output was less than two percent
country' s growth of
output per year. coupled ith a meagre o
meagre half percent growthaggregate
in per
real output was less
than two and a half
(4) The capita output
country's of aggregate real
percent growth growth
per year. pertnt coupled wiu
in per
capita output was less than
28. output per year. two percent coupled with a ha
Accordin g
(1) Indian
to the
passage, wnich of the
meagre

(2) products were of inferior following statement was true about

quality and cheap in the Indian industries'
Indian products were products?
markets also. promoted by the colonial worldwide market.
(3) Indian products enjoyed a government and
competed [th other
Countries
of craftsmanship. worldwide market based on
(4) Indian products' raw material for quality of material used and the highstandard
to increase export.
primary goods was
imported from the other coya andit helpe

SPACE FOR ROUGH

WORK
 (9)
exchange their endowments with each other
agents can freely
whereeconomic
market
isa
) Market
economy
economy
planned
Centrallydemandbased economy
) economy
Aggregate
based
3) supply additional unit
Aggregate statements consumption of one
40 correct due to
tolloWngare
in Total Jtility
the change
the
Whichof
Utility is
4)Marginal other. remains
constant.
commodity. intersecteach Utility
IndifferenceCurves levelwh¢nTotal IndifferenceCurve.
B Two ata
becomesZero notaffect
Marginal Utility Substitutiondoes
) MarginalRateof leftto
right.
Diminishing downwardsfrom
D) slopes below:
IndifferenceCurve optionsgiven
E) from the
corectanswer
Choosethe
only
() (4)(B)and(E)
(E)only
(2) (A),(C)and
(E) only
(3) (A), (D) and
only
(4) (B), (D) and (E)
JI. Match List-I with List-II: List-!
List-I (Impication) firms in the
markett
(Characteristic) consumers and
) Plansofall the increase in
income
(A) Equilibrium decreases with an
(W) Demand demand
(B) Excess supply greater than market
(1) Supplyis government
(C) Inferior good limit by
((V)Imposition ofupper
(D) Price ceiling
options given below :
C0OSe the correct answer from the
) (A)-), (B) - (), (C)-(ID),(D) - (V) O)
(IV)
1 (A)-),(B) -(I), (C) -(), ((D)-
8) (A)-(), (B) -(), (C) - (I),(D) - (II)
(4) (A)- (III),(B) -(V), (C)
( - (0),(D) -
()
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309 E/C (10 )
32. When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve iss known as :
() Perfectly inelastic demand curve
(2) Perfectlyelastic
demand curve
(3) Rectangular Hyperbola
(4) Greater than
unitary demand curve
33.
According tothe Theory of Consumer Behaviou, Inequality P,x, + p,x, S Mis called the
(1) Budget
(2) Budget Set
Consumets
(3) Budget Constraint
34. (4) Budget Behaviour
Choose the corect
(A) Adam Smith isstatements fromthe following:
termed as Father of Modern
(B) J.M. Keynes gave
the Theory of
Bconomics.
(C) Four Income, Output and
Sector
(D) Store of Model=C+I+G+ (X-M) Employment.
value is
primary function of
Choose the correct answer from the money
(1) (A), (B) and options giverbelow :
(D)
(3) (A), (B), (C) only <(2) (A), (B) and(C) only
and (D)
35. (4) (B), (C) and
Rearrange
(A)
the given
statements in proper (D)only
General theory of
Employment, chronalogical
Interest sequence in an ascending order
(B)
Mahalanobiswas made a fellow of and Money by Keynes. (earliest to lates) .
(C) An
Inquiry into the Nature and CauseBritain's Royal Society.
of the Wealth of
(D) The
Economic Consequences
of the Peace by Nations by Adam Smith.
Choose the correct answer fron the Keynes.
(1) (C), (D),(A), (B) options givenbelow :
(3) (A), (C), (B), (D) (2) (A), (B),
(C), (D)
9 (4) (D), (A),
36. If there is no 1
government and no foreign trade, theh: (C), (B)
(1) G=T=M=X> 1 ()
t (2)
(3) G=T= M=X=0 G=T= M=X=1
A (4)
G=T= M
SPACE FOR ROUGH VWORK =X<1
 (11 )
ThevalueofNominal cnp is S 1100 and the value of Real GDP is $1000

( )09 (2) 1.1

(4) 0.8
statements
ldentifythecorect
8
Stocksare defined over a period of time.
Flows are defined over a period of time.

(C) Flows
are defined at a particular point of time.
Stocks are defined at a particular point of time.
(D)
D GVÀat factor costs + Indirect Taxes- Subsidieg GVA at market prices.
Choose the correct answer from the options given below :
(1) (A), (C) and (E) only (2) (B), (C) and (D) only
3) (B), (D) and (E) only (4) (C), (D) and (E) only
39. If the supply of final goods is assumed to be
infinitelgjelastic:at constant price over ashort period of time,
Aggregate output is determined solely by the valuspf Aggregate demand. This is called
Principle.
() Aggregate supply (2) Aggregate demand
(3) Effective demand ( Perfectly inelastic demand
40. Nominal Interest Rate =
() Real Interest Rate x Inflation Rate
(2) Real Interest Rate- Inflation rate
(3) Real Interest Rate / Inflation rate
(4) Real Interest Rate + Inflation rate impacton
wouldbethe
What
M Value of MPS (Marginal Propensity to Save) is from 0,4 to 0.5.
incresed
Multiplier ?
() The size of the multiplier would be increased. O
(2) The size of the multiplier would remain same.
(3) Value offmultiplier is undetermined withthe given information.
(9) The size of the multiplier would be decreased. #
SPACE FOR ROUGH WORK
 value
(1) wal.
value then
total total
of
value economy,
total the
the
the unchanged.
remain the total to
save, unchanged.
spend, save,unchanged. an
loan
the
they in gives
they they save,unchanged. crore CRR.
remain
income income ncomeremainthey 800 the upright.
it
which
or changing reserves.
decline or of or income is at
decline remain crore crore
of 160 and WORK
declineproportion
proportionofproportion (4) income
(2) Variable
Ex-Post rate
of 120 of
by outright quantity
the
either proportion
or supply supply. byShanging ROUGH
either either decline increased ·below
will happened. (2) (4) operations-
(12) the the iwill the will economy. money moneyA#@AB
in given FOR
itincrea), decreas the#@AROD@
either the < © reduction
increase
increase, increase. and the supply options SPACE
incre will actually
increase the ?true of
5 in extentmarketdecrease
economy not economyeconomy itincrease. is are to money
not economy has
investment
Multiplier leads the
will not the open
statements from
economywill will
the the economy the economynot
what control can RBI influence
of rate only only only only
answer
the depicts Investment types by
of
means: of of of
will the
tools bankbond
following (D) (D) (E) (E)
people people people
peopleinvestment economy in
change two correct
and and and and
in
the Ouantitative can
Thrift
the the
the in
crore
4000
(1)
crore
(3)
400 are of RBI
Selling
the a
(C) (B) (D) (D)
the in of in
Therefall The banks.the (A), (A), (B), (A),
the Savings Savings
the (3)
Constant
ExX-Ante the
of
value
of all Ifall all all the value of Choose
(1) (2) (3) (4)
Paradox
If T If n Which A
the
(1) the (A) (B) (C) (D) (E)
(2) (4) If
309
E/C

42. 43. 44. 45.

 term as
banks known
long : Conference
commerical latest)
for are
repurchase
provided government
( ) to
Revenue
Payments (C) (A)
(4)
Contingency
Fund Payments (earliest
(2)
Capital Woods (D
Gold (A),(D),
Standard
Ratefrom Public
Account
to are rates. sequence
(B),(B), WORK
orderfunds funds
Interest Bretton
of (D),(C),
different assets
in which borrows
pledged PenalI
(24 ROUGH
bel:
chronologioaB (4)
the (B
at throgh
Bak?
as Bank decrease
are rate kibwn given FOR
Minimgn belew:
Securttes Centra Central
economy
people. options SPACE
List-1I Also and
13
) given correct
(IV)(III) (I) of liability
(
(III) (V) (IV) -
to country.
government. the
options the loans
() (II) - (D) function
-(D) -(D)(D) in
), in elements from
(IV), India create (A)
Smithsonian
Agreement
the (TII),(), supply givethe WTO
Facility -(C) a answer
from - not theand of (D)(C)
-
-(C) (C) (C) of which (3)
Revenue
Receipts
(I), is money currency following of
Rate
Repo
Reverse
answer (III), to
deposits with:
Fund (1)
Capital
Receipts (C),(B),
Establishment
List-II: Standing (l), (), followingbanker correct
-(B) (3)
Union
Budget elements
Consolidated (B),(A),
- - the
with Rate
Bank
(A)Marginal correct
Rate
Repo
(C) e (B)
the - (B) (B)
(A)-(I),-(III), controls
the
a accepts
deals
the the(A),(D),
as issues
List-List-I
I I),
(A)-
).
-(A) (A)
the
acts
112 those Arrange Cnoose
of () (3)
Match
h (B) (D) WhichIt It It It Article
(1) All
(C)
) ) (3) (4) (1) (2) (3) (4)
47. 48. 49. o