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CUET (UG) entrance exam Question Bank Solutions for Business Economics

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Business Economics
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Which of the following economic reforms in India leads to social justice and welfare? 

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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On which basis did Dadabhai Naoroji compute the average poverty line? 

[9] Current Challenges Facing the Indian Economy
Chapter: [9] Current Challenges Facing the Indian Economy
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Which concept of poverty helps to assess the level of inequality in the country?

[9] Current Challenges Facing the Indian Economy
Chapter: [9] Current Challenges Facing the Indian Economy
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Which of the following points indicate the relation. between poverty and child labour?

[9] Current Challenges Facing the Indian Economy
Chapter: [9] Current Challenges Facing the Indian Economy
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Which of the following statements are correct

Statement 1: The wealth of a country can be increased with the efforts of a healthy workforce.

Statement 2: Investment in the health sector increases the efficiency and productivity of a nation's workforce.

Statement 3: In contrast to an unhealthy person, a healthy person can work better with more efficiency and consequently, can contribute relatively more to the GDP of the country

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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For meaningful comparison common price level base is used because ______

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Why do people practice discrimination between male and female children?

[9] Current Challenges Facing the Indian Economy
Chapter: [9] Current Challenges Facing the Indian Economy
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Consumption depends on ______

[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
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______ are economic units that carry out the production.  

[1] Introduction to Microeconomics
Chapter: [1] Introduction to Microeconomics
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AR curve is a horizontal straight line, the MR curve will be ______

[2] Consumer Behaviour and Demand
Chapter: [2] Consumer Behaviour and Demand
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Which of the following features are related with Real Gross Domestic Product? 

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Profits earned by a branch of a foreign bank in India are ______ in the domestic product of India.

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Which of the following are the limitations of using GDP as an index of the welfare of a country?

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Suppose the GDP at a market price of a country in a particular year was Rs 1,100 crores. Net: factor Income from Abroad was Rs 100 crores. The value 1. 2. 3. 4. 5. of Indirect taxes − Subsidies was Rs 150 crores and National Income was Rs 850 crores. Calculate the aggregate value of depreciation.

[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Indifference curve are convex to the origin because of ______

[2] Consumer Behaviour and Demand
Chapter: [2] Consumer Behaviour and Demand
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Identify the correctly matched items in Column A to that of Column B:

Column A Column B
1. Welfare of the people (a) Social Welfare
2. Total of economic and non-economic welfare (b) Economic  Welfare
3. Benefits or harms of an activity caused by a firm. (c) Externalities
4. Material well being of the people (d) Real GDP 
[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Identify the correctly matched pair from Column A to that of Column B:

Column A Column B
1. Inflationary Gap (a) Selling of government securities
2. Deflationary Gap (2) Increase in Statutory Liquidity Ratio
 3. Effects of Deficient Demand (c) Rise in production level
4. Plans to Expand Exports (d) AD > AS (at full Exports employment level)
[3] National Income and Related Aggregates - Basic Concepts and Measurement
Chapter: [3] National Income and Related Aggregates - Basic Concepts and Measurement
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Suppose a bond promises Rs.500 at the end of two years with no intermediate return. If the rate of interest is 5 percent per annum what is the price of the bond.

[7] Balance of Payments
Chapter: [7] Balance of Payments
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Total output is maximum when marginal product is ______

[2] Consumer Behaviour and Demand
Chapter: [2] Consumer Behaviour and Demand
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Direct tax is called direct because it is collected directly from ______

[6] Government Budget and the Economy
Chapter: [6] Government Budget and the Economy
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