Student-Friendly Solutions Table
Each question is shown with its original wording from the source paper and an easier explanation designed for quick understanding.
| Q.No. | Question | Easy Solution | |
|---|---|---|---|
| 1 | Which of the following will be included in the National Income of India? (A) Donations given to a religious institution. (B) Payment of Income Tax (C) Scholarship given to students (D) Profits earned by an Indian company from its branch in France (E) Purchase of a television set by a consumer household Options: A. (A) and (B) Only B. (B) and (C) Only C. (D) and (E) Only D. (A), (C) and (E) Only |
Option C | Option C is the correct answer according to the provided key. |
| 2 | Value Added Method of calculating aggregate annual value of goods and services is also called: Options: A. Product Method B. Income Method C. Expenditure Method D. Cost and Revenue Method |
Option A | Option A is the correct answer according to the provided key. |
| 3 | Arrange the following in chronological order of their occurrence in India. (A) The second stage of demographic transition began (B) Incorporation of Tata Iron and Steel company (C) British India first census (D) Introduction of railways Options: A. (A), (C), (B), (D) B. (D), (B), (A), (C) C. (C), (B), (D), (A) D. (D), (C), (B), (A) |
Option D | Option D gives the correct sequence as per the answer key. |
| 4 | Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy? Options: A. Import substitution B. Import tariff C. Export subsidy D. Import liberalization |
Option B | Option B is the correct answer according to the provided key. |
| 5 | Arrange the sequence of events relating to establishment of equilibrium in the economy. (A) This will cause unintended decumulation of inventories (B) This process continues till ex-ante aggregate demand becomes equal to ex-ante aggregate supply (C) The producers will respond by increasing output (D) If ex-ante demand for final goods by firms and households is greater than the output the producers plan to produce in a given year (E) When output increases, both employment and income rise Options: A. (A), (C), (B), (E), (D) B. (D), (A), (C), (E), (B) C. (A), (E), (C), (B), (D) D. (D), (C), (B), (E), (A) |
Option B | Option B gives the correct sequence as per the answer key. |
| 6 | Select the correct statement related to Alternate marketing channels: Options: A. Farmers sell their products directly to consumers. B. Farmers sell their products directly to the Central Government. C. Farmers sell their products to the Middle men. D. Farmers sell their products directly to the wholesale market. |
Option A | Option A is the correct answer according to the provided key. |
| 7 | Investment in education turns human resources into: Options: A. Human Development B. Human Capital C. Human Capital Formation D. Physical Capital |
Option B | Option B is the correct answer according to the provided key. |
| 8 | If Trade Deficit is ₹2000 crores and imports is worth ₹4000 crore, then the value of exports will be: Options: A. Zero B. ₹4000 crore C. ₹2000 crore D. ₹6000 crore |
Option C | Option C is the correct economics concept or calculation. |
| 9 | The book 'General Theory of Employment, Interest and Money', has been written by the distinguished economist: Options: A. Adam Smith B. J.M. Keynes C. A.C. Pigou D. David Ricardo |
Option B | Option B is the correct answer according to the provided key. |
| 10 | Identify the organization: Some Scholars question the usefulness of India being a member of this organization as a major volume of international trade occurs among the developed nations. Options: A. World Trade Organisation B. United Nations C. International Monetary fund D. World Bank |
Option A | Option A is the correct answer according to the provided key. |
| 11 | Revenue Receipts in the government budget include: (A) Government Borrowings (B) Tax Revenue (C) Interest receipts on loans by government (D) Dividends earned by government on its investment Options: A. (A), (B), (C) and (D) Only B. (B), (C) and (D) Only C. (C) and (D) Only D. (A) and (D) Only |
Option B | Option B is the correct answer according to the provided key. |
| 12 | Match List - I with List - II (Exchange Rates). List - I: (A) Flexible exchange rate, (B) Devaluation, (C) Fixed exchange rate, (D) Depreciation List - II: (I) Market forces, (II) Pegged exchange rate, (III) Floating exchange rate, (IV) Government Options: A. (A)-(II), (B)-(III), (C)-(I), (D)-(IV) B. (A)-(I), (B)-(II), (C)-(IV), (D)-(III) C. (A)-(III), (B)-(IV), (C)-(II), (D)-(I) D. (A)-(IV), (B)-(I), (C)-(III), (D)-(II) |
Option C | Option C gives the correct matching set. |
| 13 | Match List - I with List - II (Capital and Development). List - I: (A) Human Capital, (B) Physical Capital, (C) Human Capital formation, (D) Human Development List - II: (I) Technical Progress, (II) Education and Health, (III) Human well being, (IV) Growth enhancing Options: A. (A)-(III), (B)-(IV), (C)-(II), (D)-(I) B. (A)-(I), (B)-(II), (C)-(III), (D)-(IV) C. (A)-(IV), (B)-(III), (C)-(I), (D)-(II) D. (A)-(II), (B)-(I), (C)-(IV), (D)-(III) |
Option D | Option D gives the correct matching set. |
| 14 | Match List - I with List - II (BOP Accounts). List - I: (A) Trade in goods, (B) Foreign Direct Investment, (C) Banking and tourism services, (D) Receipts without providing goods/services List - II: (I) Capital Account, (II) Invisible Trade, (III) Transfer Payment, (IV) Current Account Options: A. (A)-(III), (B)-(II), (C)-(I), (D)-(IV) B. (A)-(III), (B)-(IV), (C)-(I), (D)-(II) C. (A)-(IV), (B)-(I), (C)-(II), (D)-(III) D. (A)-(I), (B)-(II), (C)-(III), (D)-(IV) |
Option C | Option C gives the correct matching set. |
| 15 | Identify the term that means proneness to fall ill from major waterborne diseases. Options: A. Mobility B. Maternity C. Malariality D. Morbidity |
Option D | Option D is the correct answer according to the provided key. |
| 16 | Match List - I with List - II (GDP Methods). List - I: (A) Income Method, (B) Expenditure Method, (C) Real GDP, (D) Nominal GDP List - II: (I) Current prices, (II) Constant prices, (III) Final expenditures, (IV) Factor incomes Options: A. (A)-(I), (B)-(II), (C)-(III), (D)-(IV) B. (A)-(II), (B)-(III), (C)-(IV), (D)-(I) C. (A)-(IV), (B)-(III), (C)-(II), (D)-(I) D. (A)-(III), (B)-(IV), (C)-(I), (D)-(II) |
Option C | Option C gives the correct matching set. |
| 17 | At a particular price level, when aggregate demand for final goods equals aggregate supply, the product market reaches its: Options: A. Ex-ante consumption B. Autonomous consumption C. Investment multiplier D. Equilibrium level |
Option D | Option D is the correct answer according to the provided key. |
| 18 | Borrowing requirements of the government from all sources in the annual Budget is known as: Options: A. Money deficit B. Fiscal deficit C. Macro deficit D. Micro deficit |
Option B | Option B is the correct economics concept or calculation. |
| 19 | Given AD= C̄+Ī+CY, change in autonomous consumption will lead to: Options: A. (D) Only B. (A) and (B) Only C. (C) and (D) Only D. (B) and (E) Only |
Option B | Option B is the correct answer according to the provided key. |
| 20 | 'Swarn Jayanti Shahri Rozgar Yojana' aims at creating ________ opportunities in urban areas. Options: A. Livelihood B. Housing C. Pension D. Self employment |
Option D | Option D is the correct answer according to the provided key. |
| 21 | Investment in education, health, migration and information are the sources of: Options: A. Physical capital formation B. Human capital formation C. Economic growth D. Productivity |
Option B | Option B is the correct answer according to the provided key. |
| 22 | Arrange the sequence of events relating to identifying the number of poor in India. (A) Task force on minimum needs formed (B) Expert groups formed (C) Planning Commission study group (D) Dadabhai Naoroji 'Jail cost of living' Options: A. (B), (D), (C), (A) B. (A), (B), (C), (D) C. (D), (C), (A), (B) D. (D), (C), (B), (A) |
Option C | Option C gives the correct sequence as per the answer key. |
| 23 | Current Account components of trade in services include: (A) Gifts, Remittances (B) Net Non-Factor Income (C) Net Investment Income (D) Grants Options: A. (A), (B) and (C) Only B. (B) and (C) Only C. (A) and (D) Only D. (B), (C) and (D) Only |
Option B | Option B is the correct answer according to the provided key. |
| 24 | Which of the following items can be included in Capital Account in BOP? (A) An Indian buys a UK Car company (B) A Swedish citizen buys shares of Reliance company (C) Export of Rajasthan's blue pottery (D) Apple I-phones gifted by an Indian company to employees Options: A. (B) and (C) Only B. (C) and (D) Only C. (A) and (D) Only D. (A) and (B) Only |
Option D | Option D is the correct answer according to the provided key. |
| 25 | National Income can also be called: Options: A. Net National Product at Market Price B. Gross National Product at Factor Cost C. Net National Product at Factor Cost D. Gross National Product at Market Price |
Option C | Option C is the correct answer according to the provided key. |
| 26 | If the value of nominal GDP is 5500 and of real GDP is 2200, what is the value of GDP Deflator? Options: A. 0.4 B. 2.50 C. 1.75 D. 2.25 |
Option B | Option B is the correct economics concept or calculation. |
| 27 | RBI can influence money supply by changing the Bank rate. An increase in Bank rate is: Options: A. Contractionary monetary policy B. Expansionary monetary policy C. Contractionary fiscal policy D. Expansionary fiscal policy |
Option A | Option A is the correct answer according to the provided key. |
| 28 | Arrange Open Market Operations sequence: (A) Results in increase in money supply (B) Central bank pays by cheque (C) Central bank buys a government bond (D) Increases total amount of reserves Options: A. (A), (B), (C), (D) B. (B), (A), (C), (D) C. (D), (C), (B), (A) D. (C), (B), (D), (A) |
Option D | Option D gives the correct sequence as per the answer key. |
| 29 | Industrial policy aimed at replacing imports with domestic production is known as: Options: A. Import substitution B. Export promotion C. Domestic substitution D. Export substitution |
Option A | Option A is the correct answer according to the provided key. |
| 30 | Which is NOT the way to attain sustainable development? Options: A. Sticking to methods to promote inequality B. Spread of Awareness C. Use of traditional practices D. Use of cleaner fuel |
Option A | Option A is the correct answer according to the provided key. |
| 31 | Receipts of the Government that are non-redeemable and cannot be reclaimed are: Options: A. Capital Receipts B. Tax Revenue C. Revenue Receipts D. Non-tax Revenue |
Option C | Option C is the correct answer according to the provided key. |
| 32 | What needs to be subtracted from gross fiscal deficit to get gross primary deficit? Options: A. Revenue Expenditure B. Net Interest Liabilities C. Recovery of Loans D. Non-tax Revenue |
Option B | Option B is the correct economics concept or calculation. |
| 33 | Which of the following is NOT included in the strategy of sustainable development? Options: A. Wind energy B. Solar energy C. Bio compost D. Land degradation |
Option D | Option D is the correct answer according to the provided key. |
| 34 | When CRR is 20% and deposit is ₹1000, money creation is ₹5000. Money multiplier is: Options: A. 0.5 B. 0.05 C. 5 D. 1/5 |
Option C | Option C is the correct economics concept or calculation. |
| 35 | Repo-Rate is the rate at which RBI lends money to commercial Banks for: Options: A. Long period B. Short period C. Very long period D. Market period |
Option B | Option B is the correct economics concept or calculation. |
| 36 | The aggregate demand line shifts parallel upwards. The reason is: Options: A. Autonomous Investment increase B. Autonomous Investment decrease C. Investment is Zero D. Investment is Negative |
Option A | Option A is the correct answer according to the provided key. |
| 37 | The rate at which RBI gives loans to commercial Banks to influence money supply is: Options: A. Promissory Rate B. Lending Rate C. Fixed Rate D. Bank Rate |
Option D | Option D is the correct answer according to the provided key. |
| 38 | Which apex body coordinates rural financing system activities? Options: A. NABARD B. RRBs C. RBI D. SBI |
Option A | Option A is the correct answer according to the provided key. |
| 39 | Adoption of new technology is called: Options: A. Liberalisation B. Modernisation C. Globalisation D. Green Revolution |
Option B | Option B is the correct answer according to the provided key. |
| 40 | Which year is known as "Year of Great Divide" in Indian demography? Options: A. 1932 B. 1931 C. 1921 D. 1882 **Correct Answer: C** **Comprehension Section 1 (Questions 41-45)** |
Option C | Option C is the correct answer according to the provided key. |
| Comprehension Section 1 (Questions 41–45) | |||
| 41 | The indifference curve is: Options: A. Positive B. Upward C. Concave D. Convex |
Option D | Option D is the correct answer according to the provided key. |
| 42 | All the points on Indifference curve represent: Options: A. The same price B. Bundles considered indifferent by consumer C. Straight line D. Bundles considered same by consumer |
Option B | Option B is the correct answer according to the provided key. |
| 43 | A rational consumer is the one who has: Options: A. Many set of bundles B. Monotonic preference C. High budget D. Not ready to substitute |
Option B | Option B is the correct answer according to the provided key. |
| 44 | Which is an example of substitute good? Options: A. Pen and ink B. Car and petrol C. Tea and Coffee D. Shoes and socks |
Option C | Option C is the correct answer according to the provided key. |
| 45 | If the budget line is tangent to an indifference curve at a point, absolute value of the MRS and the Budget line are: Options: A. More B. High C. Less D. Same **Correct Answer: D** **Comprehension Section 2 (Questions 46-50)** |
Option D | Option D is the correct answer according to the provided key. |
| Comprehension Section 2 (Questions 46–50) | |||
| 46 | Chipko movement or Appiko started in Karnataka when: Options: A. Film shooting started B. Salkani forest made Public Park C. Felling of trees started at Salkani forest D. People moved with vehicles |
Option C | Option C is the correct answer according to the provided key. |
| 47 | Indiscriminate felling of trees has led to many: Options: A. Environmental problems B. Agricultural problems C. Industrial problems D. Chemical problems |
Option A | Option A is the correct answer according to the provided key. |
| 48 | In Chipko and Appiko movements, people saved trees by: Options: A. Shouting at cutters B. Giving money C. Using dogs D. Hugging trees till cutters left |
Option D | Option D is the correct answer according to the provided key. |
| 49 | Using bamboo as raw material for paper mills lead to soil becoming: Options: A. Clay soil B. Alluvial soil C. Red soil D. Laterite soil |
Option D | Option D is the correct answer according to the provided key. |
| 50 | Indiscriminate felling of trees for industrial use has led to: Options: A. Diseases and Insects attacking crops B. Buying more industrial goods C. Industry profits D. Foreign migration |
Option A | Option A is the correct answer according to the provided key. |
FAQs
- Are the CUET UG 2024 questions changed here? No. The original question wording is kept as close to the source paper as possible.
- What is simplified on these pages? Only the solutions are rewritten into easier, step-based explanations for students.
- How can students use these pages? They work well for quick revision, topic recall, mock practice, and answer-checking after solving the paper.
Publishing note: This page was generated from the uploaded CUET UG 2024 Economics paper. A few questions in some source PDFs may contain OCR or scan artefacts; in such cases the original source material should be treated as the final reference.