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 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 
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FAQs on CUET Economics Previous Year Paper 2024 - Economics CUET Preparation - Commerce

1. What is the CUET Economics exam and what does it assess?
Ans. The CUET (Common University Entrance Test) Economics exam is an entrance examination conducted for admission to various undergraduate programs in economics offered by participating central universities in India. It assesses students' understanding of economic concepts, theories, and applications, including microeconomics, macroeconomics, and statistics related to economics.
2. How can I prepare effectively for the CUET Economics exam?
Ans. Effective preparation for the CUET Economics exam involves several strategies: 1. Understanding the syllabus and exam pattern. 2. Studying key topics thoroughly, including demand and supply, market structures, and national income. 3. Practicing previous years' question papers to familiarize yourself with the exam format. 4. Regularly revising concepts and taking mock tests to assess your knowledge and time management skills.
3. What types of questions can I expect in the CUET Economics exam?
Ans. The CUET Economics exam typically includes multiple-choice questions (MCQs), short answer questions, and case studies. Questions may cover theoretical concepts, numerical problems, and real-world applications of economic principles. Familiarity with graphs, charts, and data interpretation is also essential.
4. Are there any recommended books or resources for CUET Economics preparation?
Ans. Yes, several books and online resources are recommended for CUET Economics preparation. Popular textbooks include "Microeconomics" and "Macroeconomics" by N. Gregory Mankiw, as well as NCERT Economics textbooks for Class 11 and 12. Online platforms like Khan Academy and various YouTube channels also offer valuable video lectures and tutorials.
5. What is the importance of the CUET Economics exam for aspiring students?
Ans. The CUET Economics exam is important for aspiring students as it provides a pathway to pursue higher education in economics at reputable universities. It helps students develop analytical and critical thinking skills necessary for understanding economic issues, which are essential for various careers in finance, policy-making, research, and academia.
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