CUET-PG 2023 Shift 2 question paper
All 75 questions from the CUET-PG 2023 Shift 2 CUET-PG Economics paper. Open any question for the worked solution.
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- Q26Markets fail in the presence of (A) Market power (B) Positive Externalities (C) Negative Externalities (D) Competitive market (E) Asymmetric…
- Q27Match List I with List II LIST I: (A) Private Goods; (B) Club Goods; (C) Common Pool Resources; (D) Public Goods LIST II: (I) Non-Rival in…
- Q28Which of the following statements are correct? (A) Life cycle hypothesis was propounded by Franco Modigliani (B) Absolute Income Hypothesis was…
- Q29Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R: Assertion A: Pareto optimality implies that an…
- Q30What is the number of degrees of freedom of the residual sum of squares in a simple bivariate linear regression with 100 observations?
- Q31For a level curve of f(x,y)=x² y, what is the value of dy/dx?
- Q32What is the degree of homogeneity of f(x,y)=x³/y+y³/x?
- Q33Data collected at a point in time are called
- Q34The budget presented in the Parliament on the 1st of February 2023 for the financial year 2023-24 has the Revised Estimated (RE) and Actuals, of the…
- Q35The maximum value of the monetary policy multiplier is (where b implies sensitivity of planned investment spending to interest rate, c implies…
- Q36A firm in a perfectly competitive market is making zero economic profit in the long run. It will have the incentive to:
- Q37Which of the following production functions is NOT homogeneous of degree one? 1. Q = aL + bK 2. Q = aL^(3/4)K^(1/2) 3. Q = 23√KL 4. Q = A[α…
- Q38The law of diminishing returns to a factor is observed when employment of additional units of a resource leads to
- Q39Match List I with List II LIST I (Book): (A) An inquiry into the Nature and Causes of Wealth of Nations; (B) Principles of Political Economy and…
- Q40Which of the following are correct in presence of negative externalities? (A) Negative externalities lead to an inefficient allocation of resources.…
- Q41Given below are two statements: Statement I: In the extreme case of perfect price discrimination the dead weight loss of monopoly is completely…
- Q42Given below are two statements: Statement I: Coefficient of correlation can not be less than -1. Statement II: Regression coefficient can not be…
- Q43Given below are two statements: Statement I: Normal distribution is positively skewed. Statement II: Normal distribution is leptokurtic. In the…
- Q44Match List I with List II For TC (Total Cost) = 20 + 10q - 3q^2 + q^3: LIST I: (A) AFC (Average Fixed Cost) is; (B) MC (Marginal Cost) is; (C) AVC…
- Q45Choose the correct statement(s) for an open economy: (A) Sterilisation implies nullifying the impact of foreign exchange transactions on domestic…
- Q46Suppose the US interest rate is 3% per annum. The Rs-
- Q47The function e^(-1/2x²) is:
- Q48The Garran Tribunal was constituted during the colonial times to:
- Q49Suppose in a closed economy aggregate demand is given by AD = A(y,i) where y is real income and i is rate of interest. IS curve represents a locus…
- Q50Among the new monetary aggregates of RBI (suggested by Y.V. Redy working group) which one includes time deposits of maturity up to 1 year but not…
- Q51The rate of growth of the output of an economy during a period is 5%. If the shares of capital and labour are 0.6 and 0.4 respectively and capital…
- Q52For the per capita production function y = k⁰·⁵; what is the level of savings rate at which the consumption per capita is maximised at steady state?…
- Q53Consider an economy with perfect capital mobility, fixed price level and flexible exchange rate. What will be the effect of a rise in foreign…
- Q54If the inverse demand function is P = A - BQ, where A and B are positive constants, what is the elasticity at Q = A/2B?
- Q55Which one of the following renowned economists was a member of the Royal Commission on Currency and Finance of 1913?
- Q56Match List I with List II LIST I: (A) Quantitative Theory of Money; (B) Exchange Rate Overshooting; (C) Law of One Price; (D) Liquidity Inference as…
- Q57Which of the following statements is/are correct in AX = 0 (A) A system of linear equations is homogeneous if each constant to the right of the…
- Q58During the high noon of the British Empire, which of the following statement(s) is/are true? (A) Britain had a current account surplus with India…
- Q59Given below are two statements: Statement I: A large share of the expenditure in the government budget during the colonial period is referred to as…
- Q60Suppose massive capital outflows cause nominal exchange rate to depreciate by 10%. At the same time, foreign and domestic price levels rise by 5%…
- Q61The inverse of a function: x = √(3y+9) is
- Q62With good X on the horizontal axis and good Y on the vertical axis, a U shaped indifference curve indicates:
- Q63Second order Taylor series expansion of y = ln (1-x) is:
- Q64Suppose that in a given college, proportion of admitted students who complete their degree is 0.7, what is the expected number of students who will…
- Q65Find the general solution of the differential equation: dx/x + dy/y = 0
- Q66The possible inflection points for f(x) = 1/9x³ - 1/6x² - 2/3x + 1 is/are:
- Q67Find the scalars λ₁ and λ₂ that are attached to v = [1; 2] and w = [3; 1] to yield [1; 0]
- Q68Suppose the correlation coefficient between two variables X and Y is 0.6, what proportion of variation in Y is explained by variation in X?
- Q69For a strictly convex function f(x), which one of the following is true? [0 < λ < 1] 1. λ f(x₁)+(1-λ)f(x₂) > f[λ x₁+(1-λ)x₂] 2. λ f(x₁)+(1-λ)f(x₂) <…
- Q70Linear regression model is:
- Q71In the expression Yᵢ = β̂₁ + β̂₂ Xᵢ + ûᵢ, ûᵢ gives the difference between
- Q72You are given the following data for two variables X and Y: X̄ = 2.00, Ȳ = 4.67 Regression coefficient of Y on X = 1.50 What is the estimated value…
- Q73Suppose that for a random sample of size 10, sample covariance between variables X and Y is 100, and sample variances of X and Y are 25 and 400…
- Q74The consumption function is given by C = 100 + 0.8y and the investment is given by I = 50. For which of the following level of output the level of…
- Q75The maximum value of Fiscal policy multiplier is. (b implies sensitivity of planned investment spending to interest rate, c implies marginal…
- Q76The following data of an economy is given: Consumption function C = 300 + 0.8 (1 - t) Y; Investment Function I = 900 - 50i; Government expenditure G…
- Q77The currency to deposit ratio of an economy is 0.2 and the reserve to deposit rates is 0.1, at present. What happens to the value of money…
- Q78What is RBI's target of inflation for the period 2021-26?
- Q79As per the Marshall Lerner conditions, for the trade balance to improve following depreciation of the currency:
- Q80Given below are two statements: Statement I: In case of inferior goods, Engel curve is upward sloping. Statement II: In case of normal goods, Engel…
- Q81Arrange the following former Governors of RBI in the chronological order of their tenure as Governors starting from the earliest: (A) C. Rangaswami…
- Q82Arrange the following events in Indian economy in chronological order, starting from the earliest: (A) Passing of integrated Goods and Services Tax…
- Q83Arrange the following in correct chronological order starting with the earliest: (A) 1st meeting of Monetary Policy committee (B) Export Import Bank…
- Q84Arrange the following in the chronological order starting with the earliest. (A) Loentief Paradox (B) Factor proportions Theory of International…
- Q85Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: For a random variable X which has…
- Q86Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: For matrix A = [1 2; 8 16], rank…
- Q87Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: General equilibrium is attained…
- Q88Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Let vector a = (x, y, z) and…
- Q89Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: According to the Heckscher-Ohlin…
- Q90Match List I with List II LIST I: (A) Neoclassical theory of investment; (B) q theory; (C) Marginal Efficiency of Capital; (D)…
- Q91Match List I with List II LIST I: (A) Cournot Equilibrium; (B) Nash Equilibrium; (C) Cournot Collusive Equilibrium; (D) Dominant firm model LIST II…
- Q92Match List I with List II LIST I: (A) PLI Scheme; (B) Insolvency and Bankruptcy Code; (C) Long Term Repo Operations; (D) UPI LIST II: (I)…
- Q93Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Walras' law states that the value…
- Q94Which of the following are correct regarding market structures: (A) Monopolistic competition is characterised by free entry/exit with each firm…
- Q95Which of the following statements are correct? (A) Under fixed exchange rates and perfect capital mobility, a country cannot pursue an independent…
- Q96Which of the following points lie in the convex set of points (2, 3) and (4, 1)? (A) (3.6, 1.4) (B) (3.0, 2.0) (C) (2.4, 2.6) (D) (1.2, 3.8) Choose…
- Q97Arrange in the chronological order of the occurrence of events: (A) Great Depression (B) Golden Age of Capitalism (C) Second World War (D) Setting…
- Q98Given below are two statements: Statement I: Price signalling refers to implicit collusion in which a firm announces a price increase in the hope…
- Q99Given below are two statements: Statement I: When the economy is in liquidity trap, the LM curve is vertical. Statement II: Monetary policy is…
- Q100Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: If a proposition P implies…