CUET Economics Previous Year Paper 2024 | Economics CUET Preparation - Commerce PDF Download

 Page 1


A 
Test Booklet No.  Test Booklet Code 
 
 
                                       (Do not open this Test Booklet until you are asked to do so) 
    
Time Allowed : 60 minutes  Maximum Marks : 200 Total Questions : 50 Number of questions to be answered : 40 
Kindly read the Instructions given on this Page and Back Page carefully before attempting this Question Paper.
 
Important Instructions for the Candidates : 
1. This Test Booklet contains 50 questions printed in Englis. Out of these, the candidate is required to answer 
any 40 questions. If a candidate answers more than 40 questions, the first 40 answered questions will be 
considered for evaluation. 
2. When you are given the OMR Answer Sheet, fill in your particulars on it carefully with blue/black ball 
point pen only.  
3. Use only Blue/Black Ball Point Pen for marking responses.  
4.  The CODE for this Test Booklet is A. Make sure that the CODE printed on the OMR Answer Sheet is the 
same as that on this Test Booklet. Also ensure that your Test Booklet No. and OMR Answer Sheet No. are 
exactly the same. In case of discrepancy, the candidate should immediately report the matter to the 
Invigilator for replacement of both the Test Booklet and the OMR Answer Sheet. No claim in this regard 
will be entertained after five minutes from the start of the examination. 
5. Before attempting the question paper kindly check that this Test Booklet has total 16 pages and OMR 
Answer Sheet consists of one sheet. At the start of the examination within first five minutes, candidates are 
advised to ensure that all pages of Test Booklet and OMR Answer Sheet are properly printed and they are 
not damaged in any manner. 
6. Each question has four answer options. Out of these four options choose the MOST APPROPRIATE 
OPTION and darken/blacken the corresponding circle on the OMR Answer Sheet with a Blue/Black Ball 
Point Pen.  
7. Five (5) marks will be given for each correct answer. One (1) mark will be deducted for each incorrect 
answer. If more than one circle is found darkened/blackened for a question, then it will be considered as an 
incorrect answer. Unanswered questions will be given no mark.                               
P.T.O. 
 
 
 Name of the Candidate (in Capital Letters) : ___________________________________________________________________ 
  
 Application Number (in figures) : ______________________________________________________________________________ 
  
 Roll Number (in figures) : ___________________________________________________________________________________  
  
 Centre of Examination (in Capital Letters) : ___________________________________________________________________ 
  
 Candidate’s Signature : ____________________________ Invigilator’s Signature : ___________________________________ 
  
 Facsimile signature stamp of Centre Superintendent : __________________________________________________________ 
  
Subject :  ECONOMICS  
Code : 309 E 
Medium : English 
Page 2


A 
Test Booklet No.  Test Booklet Code 
 
 
                                       (Do not open this Test Booklet until you are asked to do so) 
    
Time Allowed : 60 minutes  Maximum Marks : 200 Total Questions : 50 Number of questions to be answered : 40 
Kindly read the Instructions given on this Page and Back Page carefully before attempting this Question Paper.
 
Important Instructions for the Candidates : 
1. This Test Booklet contains 50 questions printed in Englis. Out of these, the candidate is required to answer 
any 40 questions. If a candidate answers more than 40 questions, the first 40 answered questions will be 
considered for evaluation. 
2. When you are given the OMR Answer Sheet, fill in your particulars on it carefully with blue/black ball 
point pen only.  
3. Use only Blue/Black Ball Point Pen for marking responses.  
4.  The CODE for this Test Booklet is A. Make sure that the CODE printed on the OMR Answer Sheet is the 
same as that on this Test Booklet. Also ensure that your Test Booklet No. and OMR Answer Sheet No. are 
exactly the same. In case of discrepancy, the candidate should immediately report the matter to the 
Invigilator for replacement of both the Test Booklet and the OMR Answer Sheet. No claim in this regard 
will be entertained after five minutes from the start of the examination. 
5. Before attempting the question paper kindly check that this Test Booklet has total 16 pages and OMR 
Answer Sheet consists of one sheet. At the start of the examination within first five minutes, candidates are 
advised to ensure that all pages of Test Booklet and OMR Answer Sheet are properly printed and they are 
not damaged in any manner. 
6. Each question has four answer options. Out of these four options choose the MOST APPROPRIATE 
OPTION and darken/blacken the corresponding circle on the OMR Answer Sheet with a Blue/Black Ball 
Point Pen.  
7. Five (5) marks will be given for each correct answer. One (1) mark will be deducted for each incorrect 
answer. If more than one circle is found darkened/blackened for a question, then it will be considered as an 
incorrect answer. Unanswered questions will be given no mark.                               
P.T.O. 
 
 
 Name of the Candidate (in Capital Letters) : ___________________________________________________________________ 
  
 Application Number (in figures) : ______________________________________________________________________________ 
  
 Roll Number (in figures) : ___________________________________________________________________________________  
  
 Centre of Examination (in Capital Letters) : ___________________________________________________________________ 
  
 Candidate’s Signature : ____________________________ Invigilator’s Signature : ___________________________________ 
  
 Facsimile signature stamp of Centre Superintendent : __________________________________________________________ 
  
Subject :  ECONOMICS  
Code : 309 E 
Medium : English 
309 E/A ( 2 ) 
   
SPACE FOR ROUGH WORK 
1. _______________ depicts what has actually happened. 
(1) Ex-Ante   (2) Ex-Post 
(3) Constant   (4) Variable 
2. If the value of Investment Multiplier is 5 and the increased income is ? 800 crore in an economy, then find 
the value of change in the investment in the economy. 
(1) ? 4000 crore   (2) ? 120 crore 
(3) ? 400 crore   (4) ? 160 crore 
3. Which of the following statements are true ? 
(A) Quantitative tools control the extent of money supply by changing the CRR. 
(B) There are two types of open market operations – outright and upright. 
(C) A fall in the bank rate can decrease the money supply. 
(D) Selling of a bond by RBI leads to reduction in quantity of reserves. 
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial 
banks. 
Choose the correct answer from the options given below : 
(1) (A), (C) and (D) only 
(2) (A), (B) and (D) only 
(3) (B), (D) and (E) only 
(4) (A), (D) and (E) only 
4. Paradox of Thrift means : 
(1) If all the people of the economy increase the proportion of income they save, the total value of 
investment in the economy will not increase, it will either decline or remain unchanged. 
(2) If all the people of the economy increase the proportion of income they spend, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(3) If all the people of the economy decrease the proportion of income they save, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(4) If all the people of the economy increase the proportion of income they save, the total value of savings 
in the economy will not increase, it will either decline or remain unchanged. 
Page 3


A 
Test Booklet No.  Test Booklet Code 
 
 
                                       (Do not open this Test Booklet until you are asked to do so) 
    
Time Allowed : 60 minutes  Maximum Marks : 200 Total Questions : 50 Number of questions to be answered : 40 
Kindly read the Instructions given on this Page and Back Page carefully before attempting this Question Paper.
 
Important Instructions for the Candidates : 
1. This Test Booklet contains 50 questions printed in Englis. Out of these, the candidate is required to answer 
any 40 questions. If a candidate answers more than 40 questions, the first 40 answered questions will be 
considered for evaluation. 
2. When you are given the OMR Answer Sheet, fill in your particulars on it carefully with blue/black ball 
point pen only.  
3. Use only Blue/Black Ball Point Pen for marking responses.  
4.  The CODE for this Test Booklet is A. Make sure that the CODE printed on the OMR Answer Sheet is the 
same as that on this Test Booklet. Also ensure that your Test Booklet No. and OMR Answer Sheet No. are 
exactly the same. In case of discrepancy, the candidate should immediately report the matter to the 
Invigilator for replacement of both the Test Booklet and the OMR Answer Sheet. No claim in this regard 
will be entertained after five minutes from the start of the examination. 
5. Before attempting the question paper kindly check that this Test Booklet has total 16 pages and OMR 
Answer Sheet consists of one sheet. At the start of the examination within first five minutes, candidates are 
advised to ensure that all pages of Test Booklet and OMR Answer Sheet are properly printed and they are 
not damaged in any manner. 
6. Each question has four answer options. Out of these four options choose the MOST APPROPRIATE 
OPTION and darken/blacken the corresponding circle on the OMR Answer Sheet with a Blue/Black Ball 
Point Pen.  
7. Five (5) marks will be given for each correct answer. One (1) mark will be deducted for each incorrect 
answer. If more than one circle is found darkened/blackened for a question, then it will be considered as an 
incorrect answer. Unanswered questions will be given no mark.                               
P.T.O. 
 
 
 Name of the Candidate (in Capital Letters) : ___________________________________________________________________ 
  
 Application Number (in figures) : ______________________________________________________________________________ 
  
 Roll Number (in figures) : ___________________________________________________________________________________  
  
 Centre of Examination (in Capital Letters) : ___________________________________________________________________ 
  
 Candidate’s Signature : ____________________________ Invigilator’s Signature : ___________________________________ 
  
 Facsimile signature stamp of Centre Superintendent : __________________________________________________________ 
  
Subject :  ECONOMICS  
Code : 309 E 
Medium : English 
309 E/A ( 2 ) 
   
SPACE FOR ROUGH WORK 
1. _______________ depicts what has actually happened. 
(1) Ex-Ante   (2) Ex-Post 
(3) Constant   (4) Variable 
2. If the value of Investment Multiplier is 5 and the increased income is ? 800 crore in an economy, then find 
the value of change in the investment in the economy. 
(1) ? 4000 crore   (2) ? 120 crore 
(3) ? 400 crore   (4) ? 160 crore 
3. Which of the following statements are true ? 
(A) Quantitative tools control the extent of money supply by changing the CRR. 
(B) There are two types of open market operations – outright and upright. 
(C) A fall in the bank rate can decrease the money supply. 
(D) Selling of a bond by RBI leads to reduction in quantity of reserves. 
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial 
banks. 
Choose the correct answer from the options given below : 
(1) (A), (C) and (D) only 
(2) (A), (B) and (D) only 
(3) (B), (D) and (E) only 
(4) (A), (D) and (E) only 
4. Paradox of Thrift means : 
(1) If all the people of the economy increase the proportion of income they save, the total value of 
investment in the economy will not increase, it will either decline or remain unchanged. 
(2) If all the people of the economy increase the proportion of income they spend, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(3) If all the people of the economy decrease the proportion of income they save, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(4) If all the people of the economy increase the proportion of income they save, the total value of savings 
in the economy will not increase, it will either decline or remain unchanged. 
309 E/A ( 3 ) 
 
SPACE FOR ROUGH WORK 
5. Match List-I with List-II : 
 
List-I  List-II  
  (A) Bank Rate   (I) Securities are pledged in order to repurchase 
  (B) Marginal Standing Facility   (II) Minimum rate at which funds are provided for long term 
  (C) Repo Rate   (III) Also known as Penal Interest Rate 
  (D) Reverse Repo Rate   (IV) Central Bank borrows funds from commerical banks 
Choose the correct answer from the options given below : 
(1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 
(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) 
6. Which of the following is not a function of Central Bank ? 
(1) It controls the money supply in the economy through different rates. 
(2) It acts as a banker to the government. 
(3) It accepts deposits and give loans to people. 
(4) It issues the currency of the country. 
7. Article 112 deals with : 
(1) Consolidated Fund of India (2) Public Account 
(3) Union Budget   (4) Contingency Fund 
8. All those elements which create liability and decrease the assets of government are known as : 
(1) Capital Receipts   (2) Capital Payments 
(3) Revenue Receipts   (4) Revenue Payments 
9. Arrange the following elements in correct chronological sequence (earliest to latest)  : 
(A) Smithsonian Agreement  (B) Bretton Woods Conference 
(C) Establishment of WTO  (D) Gold Standard 
Choose the correct answer from the options given below : 
(1) (A), (B), (C), (D)   (2) (D), (B), (A), (C) 
(3) (D), (A), (B), (C)   (4) (C), (B), (D), (A) 
Page 4


A 
Test Booklet No.  Test Booklet Code 
 
 
                                       (Do not open this Test Booklet until you are asked to do so) 
    
Time Allowed : 60 minutes  Maximum Marks : 200 Total Questions : 50 Number of questions to be answered : 40 
Kindly read the Instructions given on this Page and Back Page carefully before attempting this Question Paper.
 
Important Instructions for the Candidates : 
1. This Test Booklet contains 50 questions printed in Englis. Out of these, the candidate is required to answer 
any 40 questions. If a candidate answers more than 40 questions, the first 40 answered questions will be 
considered for evaluation. 
2. When you are given the OMR Answer Sheet, fill in your particulars on it carefully with blue/black ball 
point pen only.  
3. Use only Blue/Black Ball Point Pen for marking responses.  
4.  The CODE for this Test Booklet is A. Make sure that the CODE printed on the OMR Answer Sheet is the 
same as that on this Test Booklet. Also ensure that your Test Booklet No. and OMR Answer Sheet No. are 
exactly the same. In case of discrepancy, the candidate should immediately report the matter to the 
Invigilator for replacement of both the Test Booklet and the OMR Answer Sheet. No claim in this regard 
will be entertained after five minutes from the start of the examination. 
5. Before attempting the question paper kindly check that this Test Booklet has total 16 pages and OMR 
Answer Sheet consists of one sheet. At the start of the examination within first five minutes, candidates are 
advised to ensure that all pages of Test Booklet and OMR Answer Sheet are properly printed and they are 
not damaged in any manner. 
6. Each question has four answer options. Out of these four options choose the MOST APPROPRIATE 
OPTION and darken/blacken the corresponding circle on the OMR Answer Sheet with a Blue/Black Ball 
Point Pen.  
7. Five (5) marks will be given for each correct answer. One (1) mark will be deducted for each incorrect 
answer. If more than one circle is found darkened/blackened for a question, then it will be considered as an 
incorrect answer. Unanswered questions will be given no mark.                               
P.T.O. 
 
 
 Name of the Candidate (in Capital Letters) : ___________________________________________________________________ 
  
 Application Number (in figures) : ______________________________________________________________________________ 
  
 Roll Number (in figures) : ___________________________________________________________________________________  
  
 Centre of Examination (in Capital Letters) : ___________________________________________________________________ 
  
 Candidate’s Signature : ____________________________ Invigilator’s Signature : ___________________________________ 
  
 Facsimile signature stamp of Centre Superintendent : __________________________________________________________ 
  
Subject :  ECONOMICS  
Code : 309 E 
Medium : English 
309 E/A ( 2 ) 
   
SPACE FOR ROUGH WORK 
1. _______________ depicts what has actually happened. 
(1) Ex-Ante   (2) Ex-Post 
(3) Constant   (4) Variable 
2. If the value of Investment Multiplier is 5 and the increased income is ? 800 crore in an economy, then find 
the value of change in the investment in the economy. 
(1) ? 4000 crore   (2) ? 120 crore 
(3) ? 400 crore   (4) ? 160 crore 
3. Which of the following statements are true ? 
(A) Quantitative tools control the extent of money supply by changing the CRR. 
(B) There are two types of open market operations – outright and upright. 
(C) A fall in the bank rate can decrease the money supply. 
(D) Selling of a bond by RBI leads to reduction in quantity of reserves. 
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial 
banks. 
Choose the correct answer from the options given below : 
(1) (A), (C) and (D) only 
(2) (A), (B) and (D) only 
(3) (B), (D) and (E) only 
(4) (A), (D) and (E) only 
4. Paradox of Thrift means : 
(1) If all the people of the economy increase the proportion of income they save, the total value of 
investment in the economy will not increase, it will either decline or remain unchanged. 
(2) If all the people of the economy increase the proportion of income they spend, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(3) If all the people of the economy decrease the proportion of income they save, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(4) If all the people of the economy increase the proportion of income they save, the total value of savings 
in the economy will not increase, it will either decline or remain unchanged. 
309 E/A ( 3 ) 
 
SPACE FOR ROUGH WORK 
5. Match List-I with List-II : 
 
List-I  List-II  
  (A) Bank Rate   (I) Securities are pledged in order to repurchase 
  (B) Marginal Standing Facility   (II) Minimum rate at which funds are provided for long term 
  (C) Repo Rate   (III) Also known as Penal Interest Rate 
  (D) Reverse Repo Rate   (IV) Central Bank borrows funds from commerical banks 
Choose the correct answer from the options given below : 
(1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 
(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) 
6. Which of the following is not a function of Central Bank ? 
(1) It controls the money supply in the economy through different rates. 
(2) It acts as a banker to the government. 
(3) It accepts deposits and give loans to people. 
(4) It issues the currency of the country. 
7. Article 112 deals with : 
(1) Consolidated Fund of India (2) Public Account 
(3) Union Budget   (4) Contingency Fund 
8. All those elements which create liability and decrease the assets of government are known as : 
(1) Capital Receipts   (2) Capital Payments 
(3) Revenue Receipts   (4) Revenue Payments 
9. Arrange the following elements in correct chronological sequence (earliest to latest)  : 
(A) Smithsonian Agreement  (B) Bretton Woods Conference 
(C) Establishment of WTO  (D) Gold Standard 
Choose the correct answer from the options given below : 
(1) (A), (B), (C), (D)   (2) (D), (B), (A), (C) 
(3) (D), (A), (B), (C)   (4) (C), (B), (D), (A) 
309 E/A ( 4 ) 
   
SPACE FOR ROUGH WORK 
10. Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it 
is called ___________ . 
(1) Depreciation of domestic currency  
(2) Appreciation of domestic currency 
(3) Devaluation of domestic currency  
(4) Revaluation of domestic currency 
11. Match List-I with List-II : 
 
List-I  List-II  
  (A) Pegged exchange rate system   (I) Setting up of IMF and World Bank 
  (B) Managed floating   (II) Fixed exchange rate system 
  (C) Bretton Woods Conference   (III) Dirty floating 
  (D) Third element in BOP   (IV) Error and Omission Account 
Choose the correct answer from the options given below : 
(1) (A) - (II), (B) - (I), (C) - (III), (D) - (IV) 
(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) 
12. Casualization of workforce would result in : 
(1) Decrease in the vulnerablility of the workforce. 
(2) Increase in the vulnerability of the workforce. 
(3) Increase in the number of regular workers. 
(4) Income and employment stablility. 
13. Choose the correct chronological sequence in ascending order (earliest to latest) : 
(A) Establishment of NABARD 
(B) FRBMA (Fiscal Responsibility and Budget Management Act)  
(C) Third Five Year Plan 
(D) Nationalization of RBI 
(1) (A), (B), (C), (D)   (2) (A), (C), (B), (D) 
(3) (D), (A), (B), (C)   (4) (D), (C), (A), (B) 
Page 5


A 
Test Booklet No.  Test Booklet Code 
 
 
                                       (Do not open this Test Booklet until you are asked to do so) 
    
Time Allowed : 60 minutes  Maximum Marks : 200 Total Questions : 50 Number of questions to be answered : 40 
Kindly read the Instructions given on this Page and Back Page carefully before attempting this Question Paper.
 
Important Instructions for the Candidates : 
1. This Test Booklet contains 50 questions printed in Englis. Out of these, the candidate is required to answer 
any 40 questions. If a candidate answers more than 40 questions, the first 40 answered questions will be 
considered for evaluation. 
2. When you are given the OMR Answer Sheet, fill in your particulars on it carefully with blue/black ball 
point pen only.  
3. Use only Blue/Black Ball Point Pen for marking responses.  
4.  The CODE for this Test Booklet is A. Make sure that the CODE printed on the OMR Answer Sheet is the 
same as that on this Test Booklet. Also ensure that your Test Booklet No. and OMR Answer Sheet No. are 
exactly the same. In case of discrepancy, the candidate should immediately report the matter to the 
Invigilator for replacement of both the Test Booklet and the OMR Answer Sheet. No claim in this regard 
will be entertained after five minutes from the start of the examination. 
5. Before attempting the question paper kindly check that this Test Booklet has total 16 pages and OMR 
Answer Sheet consists of one sheet. At the start of the examination within first five minutes, candidates are 
advised to ensure that all pages of Test Booklet and OMR Answer Sheet are properly printed and they are 
not damaged in any manner. 
6. Each question has four answer options. Out of these four options choose the MOST APPROPRIATE 
OPTION and darken/blacken the corresponding circle on the OMR Answer Sheet with a Blue/Black Ball 
Point Pen.  
7. Five (5) marks will be given for each correct answer. One (1) mark will be deducted for each incorrect 
answer. If more than one circle is found darkened/blackened for a question, then it will be considered as an 
incorrect answer. Unanswered questions will be given no mark.                               
P.T.O. 
 
 
 Name of the Candidate (in Capital Letters) : ___________________________________________________________________ 
  
 Application Number (in figures) : ______________________________________________________________________________ 
  
 Roll Number (in figures) : ___________________________________________________________________________________  
  
 Centre of Examination (in Capital Letters) : ___________________________________________________________________ 
  
 Candidate’s Signature : ____________________________ Invigilator’s Signature : ___________________________________ 
  
 Facsimile signature stamp of Centre Superintendent : __________________________________________________________ 
  
Subject :  ECONOMICS  
Code : 309 E 
Medium : English 
309 E/A ( 2 ) 
   
SPACE FOR ROUGH WORK 
1. _______________ depicts what has actually happened. 
(1) Ex-Ante   (2) Ex-Post 
(3) Constant   (4) Variable 
2. If the value of Investment Multiplier is 5 and the increased income is ? 800 crore in an economy, then find 
the value of change in the investment in the economy. 
(1) ? 4000 crore   (2) ? 120 crore 
(3) ? 400 crore   (4) ? 160 crore 
3. Which of the following statements are true ? 
(A) Quantitative tools control the extent of money supply by changing the CRR. 
(B) There are two types of open market operations – outright and upright. 
(C) A fall in the bank rate can decrease the money supply. 
(D) Selling of a bond by RBI leads to reduction in quantity of reserves. 
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial 
banks. 
Choose the correct answer from the options given below : 
(1) (A), (C) and (D) only 
(2) (A), (B) and (D) only 
(3) (B), (D) and (E) only 
(4) (A), (D) and (E) only 
4. Paradox of Thrift means : 
(1) If all the people of the economy increase the proportion of income they save, the total value of 
investment in the economy will not increase, it will either decline or remain unchanged. 
(2) If all the people of the economy increase the proportion of income they spend, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(3) If all the people of the economy decrease the proportion of income they save, the total value of 
savings in the economy will not increase, it will either decline or remain unchanged. 
(4) If all the people of the economy increase the proportion of income they save, the total value of savings 
in the economy will not increase, it will either decline or remain unchanged. 
309 E/A ( 3 ) 
 
SPACE FOR ROUGH WORK 
5. Match List-I with List-II : 
 
List-I  List-II  
  (A) Bank Rate   (I) Securities are pledged in order to repurchase 
  (B) Marginal Standing Facility   (II) Minimum rate at which funds are provided for long term 
  (C) Repo Rate   (III) Also known as Penal Interest Rate 
  (D) Reverse Repo Rate   (IV) Central Bank borrows funds from commerical banks 
Choose the correct answer from the options given below : 
(1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) 
(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) 
6. Which of the following is not a function of Central Bank ? 
(1) It controls the money supply in the economy through different rates. 
(2) It acts as a banker to the government. 
(3) It accepts deposits and give loans to people. 
(4) It issues the currency of the country. 
7. Article 112 deals with : 
(1) Consolidated Fund of India (2) Public Account 
(3) Union Budget   (4) Contingency Fund 
8. All those elements which create liability and decrease the assets of government are known as : 
(1) Capital Receipts   (2) Capital Payments 
(3) Revenue Receipts   (4) Revenue Payments 
9. Arrange the following elements in correct chronological sequence (earliest to latest)  : 
(A) Smithsonian Agreement  (B) Bretton Woods Conference 
(C) Establishment of WTO  (D) Gold Standard 
Choose the correct answer from the options given below : 
(1) (A), (B), (C), (D)   (2) (D), (B), (A), (C) 
(3) (D), (A), (B), (C)   (4) (C), (B), (D), (A) 
309 E/A ( 4 ) 
   
SPACE FOR ROUGH WORK 
10. Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it 
is called ___________ . 
(1) Depreciation of domestic currency  
(2) Appreciation of domestic currency 
(3) Devaluation of domestic currency  
(4) Revaluation of domestic currency 
11. Match List-I with List-II : 
 
List-I  List-II  
  (A) Pegged exchange rate system   (I) Setting up of IMF and World Bank 
  (B) Managed floating   (II) Fixed exchange rate system 
  (C) Bretton Woods Conference   (III) Dirty floating 
  (D) Third element in BOP   (IV) Error and Omission Account 
Choose the correct answer from the options given below : 
(1) (A) - (II), (B) - (I), (C) - (III), (D) - (IV) 
(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV) 
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) 
12. Casualization of workforce would result in : 
(1) Decrease in the vulnerablility of the workforce. 
(2) Increase in the vulnerability of the workforce. 
(3) Increase in the number of regular workers. 
(4) Income and employment stablility. 
13. Choose the correct chronological sequence in ascending order (earliest to latest) : 
(A) Establishment of NABARD 
(B) FRBMA (Fiscal Responsibility and Budget Management Act)  
(C) Third Five Year Plan 
(D) Nationalization of RBI 
(1) (A), (B), (C), (D)   (2) (A), (C), (B), (D) 
(3) (D), (A), (B), (C)   (4) (D), (C), (A), (B) 
309 E/A ( 5 ) 
 
SPACE FOR ROUGH WORK 
14. __________ implies that resource extraction is not above the rate of regeneration of resources and the 
wastes generated are within the assimilating capacity of the environment. 
(1) Absorptive capacity   (2) Carrying capacity 
(3) Subsistence capacity   (4) Exhaustive capacity 
15. Government of India enacted the Right to Education Act in 2009 to make free education a Fundamental 
Right of all children in the age group of ___________ years. 
(1) 4 – 10   (2) 6 – 12 
(3) 6 – 14   (4) 8 – 15 
16. Following are the sources of electricity generation in India. Arrange them in correct sequence on the basis 
of total power generation capacity (higher to lower) :  
(A) Nuclear    
(B) Thermal 
(C) New and renewable energy  
(D) Hydro 
Choose the correct answer from the options given below : 
(1) (A), (B), (C), (D)   (2) (A), (C), (B), (D) 
(3) (B), (C), (D), (A)   (4) (B), (D), (C), (A) 
17. Arrange the following items in correct sequence : 
(A) Competition Act    
(B) FEMA 
(C) FERA    
(D) MRTP 
Choose the correct answer from the options given below : 
(1) (A), (B), (C), (D)   (2) (A), (C), (B), (D) 
(3) (D), (C), (B), (A)   (4) (C), (B), (D), (A) 
18. The Great Leap Forward (GLF) campaign was initiated in __________ . 
(1) 1948    (2) 1938 
(3) 1958    (4) 1942