August 9, 2024
Overview: Are you gearing up for the CUET 2025 and aiming to conquer the Economics paper with flying colours? Read this blog for the solved CUET Economics questions.
Crack the CUET Economics code and unlock your dream college!
These questions are your ticket to top central universities. Master them, ace the exam, and step into your desired economics program!
Download the sample papers below and start your CUET preparations right away!
Check the table below to learn about the CUET economics exam pattern:
Sections | Details |
Total Questions | 50 |
Number of questions to attempt | 40 |
Duration | 60 mins |
Correct Answers | Provided for each question in answer key by NTA |
Marks per Question | 5 |
Negative Marking | -1 for each wrong answer |
Types of Questions | Multiple Choice Questions (MCQs) |
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These questions are taken from the official CUET Sample Paper and aim to give students an understanding of the potential questions that can appear in the CUET Economics exam paper. Start practising the CUET economics MCQ questions and answers pdf.
CUET economics question paper with answers are as follows -
Q1) What does the consumption function depend on?
1) Disposable Income
2) Wealth
3) Interest Rates
4) Consumer Confidence
Correct Answer: 1) Disposable Income
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Q2) What is devaluation?
1) An increase in the value of a country's currency relative to other currencies.
2) A sudden drop in the stock market.
3) The deliberate downward adjustment of a country's currency value.
4) A government policy to encourage foreign investment.
Correct Answer: 3) The deliberate downward adjustment of a country's currency value.
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Q3) Despite the rise in GDP, what was the major problem of the Indian economy?
1) Income Inequality
2) Poverty and Unemployment
3) Informal Sector and Lack of Formal Jobs
4) Agricultural Distress
Correct Answer: 2) Poverty and Unemployment
Q4) Indian economy reform was characterized by?
1) Liberalization of Trade and Foreign Investment
2) Deregulation and Privatization
3) Financial Sector Reforms
4) Fiscal Reforms
5) Infrastructure Development
6) Focus on Social Sector Reforms
7) Global Integration
Correct Answer: All of the above (1) Liberalization of Trade and Foreign Investment, (2) Deregulation and Privatization, (3) Financial Sector Reforms, (4) Fiscal Reforms, (5) Infrastructure Development, (6) Focus on Social Sector Reforms, and (7) Global Integration.
Q5) Which of the following years is famously known as the Great Divide in the demographic history of India?
1) 1947
2) 1950
3) 1971
4) 1921
5) 1980
6) 1991
7) 2000
8) 2011
Correct Answer: 4) 1921
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Q6) When was NABARD established?
1) 1969
2) 1975
3) 1980
4) 1982
Correct Answer: 4) 1982
Q7) Industrial reform of China took place in which year?
A) 1978
B) 1984
C) 1991
D) 2000
Answer: 1978
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Q8) When was the Suez Canal opened?
A) 1850
B) 1869
C) 1875
D) 1888
Answer: 17 November 1869
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Q9) From which state is SEWA related?
A) Gujarat
B) Maharashtra
C) Rajasthan
D) Haryana
Answer: Gujarat
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Q10) Which of the following is a function of RBI?
A) Accepting deposits from the general public
B) Giving loans to the general public
C) Banker to the government
D) Credit creation
Answer: Credit creation
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Q11) Which of the following is considered an intermediate good?
A) A mobile purchased by a student
B) Car purchased by a household
C) Seeds and fertilizers purchased by a farmer
D) Vegetables by a households
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Q12) Economic activities in a market economy are controlled by:
A) Market forces
B) The government or the central authority
C) Institutions
D) None of these
Answer: Market forces
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Q13) When a domestic currency loses its value in relation to a foreign currency in the international money market, it is a situation of:
A) Currency appreciation
B) Currency depreciation
C) Currency devaluation
D) None of these
Answer: Currency depreciation
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Q14) The Green Revolution started happening in India in the year.
A) 1980-81
B) 1967-68
C) 1901-92
D) 1961-62
Answer: 1967-68
You can follow the tips below to prepare and answer well in the CUET economics question paper.
Divide the CUET economics syllabus into four categories as listed below:
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Prepare for the following questions -
Ace the exam with CUET Study Plan
Practice formulas for the following parameters -
Practice as many mocks and CUET economics questions and answers pdf as possible. You can refer to the following CUET preparation books:
Consistent practice, a deep understanding of economic concepts, and a strategic approach to answering questions are your key to success. Remember, every question is an opportunity to showcase your knowledge and move closer to your dream economics program.
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Frequently Asked Questions
What is the significance of understanding the consumption function in Economics?
What is the difference between devaluation and depreciation in the context of Economics?
How can I effectively prepare for CUET Economics questions based on the article's tips?
What is the difficulty level of CUET economics?
What is the total marks of CUET Eco?