CUET UG 2023 Economics Question Paper (29-May-2023) (Shift 1)

Question 1

Elasticity of Demand is given by the formula:

Accepted Answer

$\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$

Answer

$\frac{Q}{\Delta Q} \times \frac{P}{\Delta P}$

Answer

$\frac{\Delta P}{\Delta Q} \times \frac{Q}{P}$

Answer

$\frac{\Delta Q}{Q} \times \frac{\Delta P}{P}$

Question 2

A farmer wants to take credit to meet his expenditure in agriculture inputs. Which of the following is an institution he may approach for the credit?

Accepted Answer

National Bank for Agriculture and Rural Development

Answer

Regional Rural Banks (RRBs)

Answer

Commercial Bank

Answer

Land Development Banks

Question 3

Arrange the following events in proper sequence:

(A) Ultra violet radiation causes skin cancer

(B) High levels of chlorine and bromine compounds in the stratosphere

(C) Fridge brought to the house

(D) Chlorofluorocarbon used as cooling agent

(E) Depletion of ozone layer

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 4

_______ measures are _______ measures intended to correct some weaknesses that have developed in the Balance of Payment.

Accepted Answer

Stabilisation, Short term

Answer

Structural Reform, Long term

Answer

Stabilisation, Long term

Answer

Structural Reform, Short term

Question 5

C = 40 + 0.8Y and I = 10, then what will be the equilibrium level of income?

Accepted Answer

250

Answer

-300

Answer

-250

Answer

300