CUET UG 2023 Economics Question Paper (30-May-2023) (Shift 2)

Question 1

Downward swing of Aggregate Demand (AD) line is described as:

Accepted Answer

Paradox of Thrift

Answer

Paradox of Consumption

Answer

Paradox of Saving

Answer

Paradox of Demand

Question 2

When was the first Industrial Policy Resolution adopted in India?

Accepted Answer

1956

Answer

1951

Answer

1965

Answer

1991

Question 3

The exchange rate system in which government fixes the exchange rate at a particular level is known as:

Accepted Answer

Fixed Exchange Rate System

Answer

Floating Exchange Rate System

Answer

Flexible Exchange Rate System

Answer

Managed Floating Exchange Rate System

Question 4

Different individuals can get different satisfaction levels from the same commodity. A consumer usually decides his demand based on ________ that consumer derives from it.

Accepted Answer

Utility

Answer

Utopian

Answer

Uses

Answer

Useless

Question 5

The importance of ________ as an environmentally sustainable production process is on rise and needs to be promoted.

Accepted Answer

Organic Farming

Answer

Milk production

Answer

Horticulture

Answer

Green Revolution

CUET UG 2023 Economics Question Paper (30-May-2023) (Shift 2)

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