Chandigarh University has decided to conduct an entrance cum scholarship test named as Chandigarh University Common Entrance Test (CUCET) for admission to various programs so as to provide an opportunity to bright and inquisitive young minds from across the country to study in most challenging and diverse academic environment.
CUET Sample Papers Aspirants who wish to take the CUET 2023 exam can practise the CUET 2023 sample papers to understand the exam format. Candidates will get a better understanding of the CUET syllabus and exam pattern through the CUET 2023 sample papers. The CUET sample papers contain MCQs based on cases, assertions, reasons, statements, and arguments/conclusions, and they cover various domains.
1.The curve showing the possibilities of production of desired good is known as:
A. Indifference curve
B. Production possibility curve
C. Revealed preference curve
D. Iso-quant curve
2. Which one of the following definition of Economics is associated with the name of Lionel Robbins?
A. Welfare definition
B. Scarcity definition
C. Growth definition
D. Wealth definition
3. Which of the following embodies a more widely accepted definition of economics?
A.Science of material welfare
B. Science of wealth
C. A study of mankind in the ordinary business of life
D. Science of making choice.
4. The fundamental problem faced by an economy is one of :
A. Exchange
B. Decision making by the government
C. Economic welfare
D. Scarcity of resources and multiplicity of wants.
5. State whether Economics is :
A. A positive science only
B. Neither a positive science
C. A science but not art
D. A science or an art depending on who uses Economics and for what purpose.
6. Micro economic theory studies how a free enterprise economy determines:
A. The Price of goods
B. The price of services
C. The price of resources
D. The price of labour
7. Which of the following is incorrect?
A. Microeconomics is concerned primarily with the problem of what, how and for whom to produce
B. Microeconomics is concerned primarily with the economic behavior of individual decision making units when at equilibrium
C. Microeconomics is concerned primarily with the time path and processes by which one equilibrium position evolves into another
D. Microeconomics is concerned primarily with comparative statics rather than dynamics.
8. The meaning of the word ‘economic’ is most closely associated with the word:
A. Free
B. Scarce
C. Unlimited
D. Unrestricted
9. Microeconomics studies the decision making behaviour of:
A. Society as a whole
B. An individual or household
C. A group of individuals
D. Economy as a whole
10. The subject matter of economics is the study of:
A. Wealth
B. Welfare
C. Scarcity
D. Scarcity and Choice