CUET UG 2023 Economics Question Paper (08-Jun-2023) (Shift 1)

Question 1

Which of the following is not a function of RBI? (A) Lender of last resort (B) Accepting deposits from general public (C) Open market operations (D) Moral Suasion

Accepted Answer

(B) only

Answer

(A) and (B) only

Answer

(B) and (C) only

Answer

(C) and (D) only

Question 2

What is the type of economy in India?

Accepted Answer

Mixed Economy

Answer

Market Economy

Answer

Planned Economy

Answer

Non-Planned Economy

Question 3

Sale of shares in public sector undertaking to private sector:

Accepted Answer

Decreases assets of government

Answer

Increase assets of government

Answer

Increase in liabilities of government

Answer

Decrease in liabilities of government

Question 4

Arrange the following steps of Money Multiplier Process:

(A) B comes to the bank for a loan.

(B) C deposits all the money into a commercial bank.

(C) A deposits money in a commercial bank.

(D) D spends the money which becomes the income of C.

(E) Commercial bank keeps CRR and gives loan to B.

Accepted Answer

C → A → E → D → B

Answer

A → B → C → D → E

Answer

E → C → D → B → A

Answer

B → D → A → C → E

Question 5

Identify the correct statement from the following:

(A) IPR-1956 divided industries into four categories.

(B) Under utilisation of capacity results in industrial backwardness.

(C) India opted for mixed economy system.

(D) Industrial policy of 1956 laid emphasis on the role of private sector.

Accepted Answer

(B) and (C) only

Answer

(A) and (B) only

Answer

(C) only

Answer

(C) and (D) only

CUET UG 2023 Economics Question Paper (08-Jun-2023) (Shift 1)

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