CUET UG 2023 Economics Question Paper (11-Jun-2023) (Shift 3)

Question 1

If we deduct depreciation from GNP, the measure of aggregate income that we obtain is called:

Accepted Answer

NNPmp

Answer

GDPmp

Answer

NDPmp

Answer

NDPfc

Question 2

From the following data, calculate Net Domestic Product at Factor Cost:Item₹ crore(i) Depreciation20(ii) Gross National Product at Factor Cost1000(iii) Net Factor Income from Abroad10(iv) Net Indirect Taxes40Choose the correct answer:

Accepted Answer

₹950 crores

Answer

₹1050 crores

Answer

₹900 crores

Answer

₹1020 crores

Question 3

A consumer’s total utility level being the same, the amount of good ‘X’ that the consumer has to forgo in order to get an additional unit of good ‘Y’ is termed as:

Accepted Answer

Marginal Rate of Substitution

Answer

Monotonic preference

Answer

Marginal Rate of Transformation

Answer

Diminishing Marginal Utility

Question 4

_____ is a revenue receipt of the Government.

Accepted Answer

Profits of LIC, a public enterprise

Answer

Amount borrowed from Japan for construction of Bullet Train

Answer

Recovery of loans

Answer

Sale of 40% shares of a public sector undertaking to a private enterprise

Question 5

Arrange the following events related to identifying the number of poor in India in order of occurrence:(A) Mahatma Gandhi National Rural Employment Guarantee Act(B) Task force on projections of minimum needs and effective consumption demand(C) Jan-Dhan Yojana(D) Planning commission formed a study group(E) Concept of ‘jail cost of living’Choose the correct answer from the options given below:

Accepted Answer

E, A, D, B, C

Answer

(B), (E), (D), (C), (A)

Answer

(C), (B), (D), (A)

Answer

(A), (B), (E), (C), (D)

CUET UG 2023 Economics Question Paper (11-Jun-2023) (Shift 3)

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Item	₹ crore
(i) Depreciation	20
(ii) Gross National Product at Factor Cost	1000
(iii) Net Factor Income from Abroad	10
(iv) Net Indirect Taxes	40