CUET UG 2025 ECONOMICS Question Paper (MAY 29,2025) (SHIFT 1)

Question 1

Whether to use more resources in education and health or to use more resources in building military services. Which of the central problems of an economy is accurate for this?

Accepted Answer

What to produce?

Answer

How to produce?

Answer

Whom to produced?

Answer

Where to produced?

Question 2

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called?

Accepted Answer

Production Possibility Set

Answer

Production Possibility Frontier

Answer

Isoquant Curve

Answer

Isocost Line

Question 3

With the shifting demand curve leftward, arrange the following statement in sequential order.
(A) At any given price, demand is less.
(B) Excess supply will be there.
(C) Some producers will decrease the prices of commodity.
(D) At new equilibrium, quantity and price will be less.
Choose the correct answer from the options given below:

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 4

Match List-I with List-IIList-IList-II(A) Analysis assumes that level of utility can be expressed in numbers.(I) Cardinal Utility(B) Change in total utility due to consumption of one additional unit of a commodity(II) Law of DiminishingMarginal Utility.(C) Marginal utility from consuming each additional unit of a commodity declines as itsconsumption increases.(III) Marginal Utility(D) The amount of mangoes that the consumer has to forego in order to get anadditional banana, her total utility level being the same.(IV) Marginal rate ofsubstitutionChoose the correct answer from the options given below:

Accepted Answer

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

Answer

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Answer

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Answer

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Question 5

Budget Set is __________

Accepted Answer

Set of bundles available to the consumer

Answer

Given the prices of the goods and the income of a consumer.

Answer

Any bundle as long as it costs less than or equal to the income

Answer

A set of price available to producer.

CUET UG 2025 ECONOMICS Question Paper (MAY 29,2025) (SHIFT 1)

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List-I	List-II
(A) Analysis assumes that level of utility can be expressed in numbers.	(I) Cardinal Utility
(B) Change in total utility due to consumption of one additional unit of a commodity	(II) Law of Diminishing Marginal Utility.
(C) Marginal utility from consuming each additional unit of a commodity declines as its consumption increases.	(III) Marginal Utility
(D) The amount of mangoes that the consumer has to forego in order to get an additional banana, her total utility level being the same.	(IV) Marginal rate of substitution