CUET-PG 2024 question paper
All 74 questions from the CUET-PG 2024 CUET-PG Economics paper. Open any question for the worked solution.
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- Q1A trade off is
- Q2If a Production Function is given as Q(x,y) = A x^a y^b, where (a + b) = 2, the function is said to display
- Q3Assume firm i and firm j have constant marginal cost = c for an identical good in an oligopolistic market. They compete to set prices Pᵢ and Pⱼ.…
- Q4If Y = F(L, K) is a linear homogeneous production function, then multiplying all inputs by a constant factor a = 2 results in output increasing by a…
- Q5Firm 1 and firm 2 face the payoff matrix below (profit in INR crores): | Firm 2: Cooperate | Firm 2: Compete | Firm 1: Cooperate | 5, 5 | 0, 10 |…
- Q6Keeping a consumer's income constant, if bundle X is chosen by a consumer when bundle Y is available, then when bundle Y is chosen, X must not be a…
- Q7In Ronald Coase's Nobel-winning Coase theorem, if two bargaining parties have zero transaction costs, well-defined property rights over the good and…
- Q8For a manufacturing firm, the cost function is given by C = q³ + 2q² + q + 1. The marginal and average costs at q = 10 units are respectively given by
- Q9An allocation for agents in an economy, x, is said to be Pareto superior to another allocation y if moving from allocation y to allocation x
- Q10Suppose an individual has a utility function given by U(x,y) = 2x + 3y. We can say that this function displays
- Q11For inferior goods, the substitution effect of a price decrease and the income effect of the same price decrease
- Q12The shutdown point for a profit maximizing competitive firm in the short run is when the market price is equal to the
- Q13Services such as the provision of clean air and national security are considered to be
- Q14Debts which have to be paid at some specific future date are known as
- Q15The mark-up as a fraction of price for the profit maximizing quantity Q* for a monopolist can be expressed as (P*-C′(Q*))/P* = -1/e*, where e* is…
- Q16If a consumer definitely prefers a payment of INR 90 for sure to a lottery which promises rewards of INR 100 or INR 0 with probabilities of 1/2…
- Q17Mr Tokai is very particular in how he makes his coffee. He is completely inflexible in that he can only take 1 teaspoon of coffee with 2 teaspoons…
- Q18In a 2x2 general equilibrium model of exchange with goods X and Y and two consumers 1 and 2, both of whom have a weakly positive endowment of X and…
- Q19A utility maximizing consumer has a utility function given by U(X, Y) = 2X + Y. He has a budget constraint given by X + 2Y = 10. In equilibrium he…
- Q20Stagflation describes a situation of
- Q21The current account balance in an open economy
- Q22Transfer pricing refers to
- Q23If a group of countries abolish trade barriers between themselves and set common tariffs for other countries, this is known as
- Q24Match List-I (Function) with List-II (Derivative): List-I: (A) y=ln (x); (B) y=x²/4; (C) y=x³; (D) y=x+1. List-II: (I) 1/x; (II) 3x²; (III) x/2…
- Q25Match List-I (Externality) with List-II (Type of Externality): List-I: (A) Apple farmer who has his orchard next to a beekeeper; (B) Villages…
- Q26What does a bank do if there are no excess reserves?
- Q27Which of the following is not a part of the national income?
- Q28Why is the Phillips curve negatively sloped?
- Q29If the GDP of an economy is Rs.100 and the autonomous aggregate investment and ex-post aggregate saving are Rs.30 in equilibrium, what would be the…
- Q30The GDP of an economy is Rs.100 crores. The aggregate saving is Rs.30 crores. If the autonomous aggregate investment rises from Rs.30 crores to…
- Q31Match List-I (Book/Theory) with List-II (Author/Thinker): List-I: (A) Theory of moral sentiments; (B) Theories of surplus value; (C) General Theory…
- Q32Arrange the following events in chronological order: (A) New Economic Policy - Liberalisation (B) Drain of Wealth (C) White Revolution (D)…
- Q33Which of the following are correct in the context of inflation? (A) Higher aggregate demand may lead to demand-pull inflation (B) Higher cost of…
- Q34Arrange the following rates in ascending order (lower to higher): (A) Repo Rate (B) Lending Rate (C) Deposit Rate (D) Reverse Repo Rate
- Q35Which statutory body determines the criteria for tax devolution from the divisible pool to the States in India?
- Q36What would be the slope of the LM curve in the interest rate-income plane if the rate of interest is exogenously determined by the Central Bank?
- Q37What would be the slope of the labour supply curve if there is large scale involuntary unemployment in the economy, with the wage rate on the…
- Q38Tax holidays and cash grants are examples of
- Q39What would happen to the rate of interest in the new equilibrium if the money supply rises in the Mundell-Fleming model under a flexible exchange…
- Q40If the expected rate of return from investment projects in India is 10% per annum, and if the exchange rate becomes Rs.88 per USD from Rs.80 per USD…
- Q41Arrange the following statements based on Keynesian theory: (A) Level of aggregate income rises in the Keynesian world (B) Aggregate Saving as a…
- Q42Suppose a small country imposes an import tariff on a good. Which of the following statements is false?
- Q43Arrange the following in the correct order: (A) Employment and income come down (B) Investment demand comes down (C) Demand-pull inflation rate…
- Q44Match List-I (Characteristic) with List-II (School/Name): List-I: (A) Money supply is exogenously given; (B) Money supply is demand driven and…
- Q45Match List-I (Concept) with List-II (Definition): List-I: (A) Fiscal Deficit; (B) Primary Deficit; (C) Revenue Deficit; (D) Current Account Deficit.…
- Q46Which of the following statements are true in the case of public goods? (A) Public goods are non divisible (B) Public goods are non-excludable (C)…
- Q47Order the following countries on the basis of nominal per capita income in the year 2022, from the highest to lowest: (A) China (B) Brazil (C)…
- Q48Arrange the following in the correct order: (A) Procurement of foodgrains by the Food Corporation of India (B) Production of foodgrains in the…
- Q49Given a cubic cost function C(Q) = Q³ + Q² + Q + 1, arrange Total Cost (TC), Marginal Cost (MC), Average Cost (AC) and Average Fixed Cost (AFC) in…
- Q50Assuming x is a whole number greater than or equal to 2, arrange the following four in decreasing order, with the largest first and smallest last…
- Q51Suppose X takes the values -10 and 20 with probability 1/4 and 3/4 respectively. Calculate E(X²).
- Q52If Y = 20 + 10X, then Var(Y) is
- Q53Let Y = exp (a + bX), where a and b are constants. Calculate dY/dX.
- Q54The relationship between a country's per capita income and its inequality of income distribution is known as
- Q55A dice is rigged in a way that each odd number is twice as likely to occur as each even number. When the dice is rolled, what is the probability…
- Q56In how many ways can 10 economists attending a conference be accommodated in 2 triple sharing and 2 double sharing hotel rooms?
- Q57Suppose we have three coins. The first coin has heads on both sides. The second coin has tails on both sides. The third coin has a head on one side…
- Q58Consider a binomial distribution with parameters n and p. The variance of this distribution is
- Q59Which of the following statements are correct? (A) In case of a continuous random variable X, the cumulative distribution function can be obtained…
- Q60Consider a binomial distribution with a very large N. This distribution can be approximated by
- Q61Match List-I (Population Characteristics) with List-II (Stages of Malthusian Model): List-I: (A) High Birth Rate and High Death Rate; (B) Low Birth…
- Q62Which of the following statements are valid assumptions of the Ordinary Least Squares regression model? (A) Expected value of the error term is zero…
- Q63In a Poisson distribution p(x) = (e⁻² (2)³)/3!, the mean value is
- Q64Which of the following statements hold true when the steady state is attained in the Solow Model? (A) Capital-Labour ratio does not change (B)…
- Q66Which of the following are instruments of trade policies? (A) Tariffs (B) Quotas (C) Sales taxes (D) Anti-dumping duties
- Q67Calculate the weighted arithmetic mean of 10, 20 and 30 for each of the following weight sets, then arrange the results in descending order: (A)…
- Q68Match List-I (Market organization) with List-II (Type of monopoly pricing): List-I: (A) Locating individual consumers and charging each a unique…
- Q69The existence of purchasing power parity in an open economy implies that (A) The purchasing power of individuals depends on the inflation rate (B)…
- Q70Match the measures with the concept being measured: List-I: (A) Gini Coefficient; (B) GDP Deflator; (C) Head Count Ratio; (D) Depreciation. List-II…
- Q71Which of the following statements are correct? (I) Monopolistic firms face a horizontal market demand curve (II) Perfectly competitive firms sell…
- Q72List the following outcomes in descending order: (A) Probability of a head when one coin is tossed (B) Probability of 5 heads when 10 coins are…
- Q73Match List-I (Econometric term) with List-II (Closest Definition): List-I: (A) Power of a test; (B) Multicollinearity; (C) Biased estimator; (D)…
- Q74Match List-I (Concept) with List-II (Description): List-I: (A) Kuznets Curve; (B) Fisher Effect; (C) J Curve Effect; (D) Multiplier Effect. List-II…
- Q75Satish is very conscious of the food he eats. He eats only rotis and dal. A cup of dal costs Rs 2 while a roti costs one rupee, and Satish decides…