CUET PG 2025 Economics Question Paper (Mar 28, 2025) (Shift-1)

Question 1

If the demand function is given as P = 110 - Q² and market equilibrium is attained at Po = 29 and Qo = 9, calculate the consumer surplus.

Accepted Answer

486

Answer

460

Answer

456

Answer

466

Question 2

The Pareto optimality criterion implies fulfillment of all the following conditions except

1. The marginal rate of transformation between any two goods is equal to the marginal rate of substitution between the same two goods.
2. The economy is operating on its production possibility frontier.
3. Production techniques embody the most efficient technology.
4. Income is distributed fairly among all individuals.

Accepted Answer

Income is distributed fairly among all individuals.

Answer

The marginal rate of transformation between any two goods is equal to the marginal rate of substitution betweenthe same two goods.

Answer

The economy is operating on its production possibility frontier.

Answer

Production techniques embody the most efficient technology.

Question 3

The exports of goods of a country, G = G(t) has a growth rate of a/t, and its exports of services, S = S(t) has a growth rate of b/t. What is the growth rate of its total exports (X)?

Accepted Answer

$(Ga + Sb)/(tX)$

Answer

$a/t + b/t$

Answer

$a/G + b/S$

Answer

$(a+b)/(G+S)$

Question 4

Which of the following statements is not correct?

1. If f(x) is quasiconcave then -f(x) is quasiconvex
2. If f(x) is a linear function, then it is quasiconcave as well as quasiconvex.
3. Any concave function is quasiconcave but the converse is not true.
4. Any convex function is quasiconvex and its converse also holds.

Accepted Answer

Any convex function is quasiconvex and its converse also holds.

Answer

If f(x) is quasiconcave then -f(x) is quasiconvex

Answer

If f(x) is a linear function, then it is quasiconcave as well as quasiconvex.

Answer

Any concave function is quasiconcave but the converse is not true.

Question 5

Assuming that the production function is homogeneous of degree one and Euler's equation holds, if MPL (marginal product of labour) is greater than APL(average product of labour), then
1. MPL will be negative
2. MPK will be zero.
3. MPK will be negative.
4. MPL and MPK will both be negative

Accepted Answer

MPK will be negative.

Answer

MPL will be negative

Answer

MPK will be zero.

Answer

MPL and MPK will both be negative

CUET PG 2025 Economics Question Paper (Mar 28, 2025) (Shift-1)

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