List of top Economics Questions on Economics asked in CUET (UG)

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?

Money deposited in the banks are considered __________ of the banks.

Which of the following is an example of floor price?

The index of prices of a given basket of commodities which are bought by the representative consumer is known as:

Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Analysis assumes that level of utility can be expressed in numbers.} & (I) & \text{Cardinal Utility} \\ \hline (B) & \text{Change in total utility due to consumption of one additional unit of a commodity.} & (II) & \text{Law of Diminishing Marginal Utility} \\ \hline (C) & \text{Marginal utility from consuming each additional unit of a commodity declines as its consumption increases.} & (III) & \text{Marginal Utility} \\ \hline (D) & \text{The amount of mangoes that the consumer has to forego in order to get an additional banana, her total utility level being the same.} & (IV) & \text{Marginal Rate of Substitution} \\ \hline \end{array} \]

Which of the following conditions must hold for a firm to maximise its profit? (A) Price = Short run marginal cost
(B) Short run marginal cost curve is non-decreasing
(C) Price \(\leq\) Marginal cost
(D) Price \(\geq\) Average variable cost

Among the following, which are the functions of money? (A) Medium of exchange.
(B) Unit of account.
(C) Bartering.
(D) Store of value.

Budget Set is ...................

Suppose an Indian manufacturer of steel acquires a steel manufacturing unit in Europe. This type of transactions are recorded in which of the following?

The difference between the value of exports and the value of imports of goods of a country in a given period of time is known as by what name?

In deficit condition of Balance of Payment if the central bank sells foreign exchange then this particular transaction is known as ........

To measure consumer price index (CPI) which of the following years are taken into consideration? (A) Current Year.
(B) Preceding Year.
(C) Base Year.
(D) Succeeding Year.

Ex-post is depicted by which of the following ........

When an individual buys foreign goods, this spending is known as ........