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CUET UG Introduction to Microeconomics — practice questions

Explore 3 free Introduction to Microeconomics questions in CUET UG Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Introduction to Microeconomics questions and exercises with answers

Showing questions 1–3 of 3.

Sort: GDP includes or excludes?Read the answer and worked solution →Sort: fixed capital method or fluctuating capital method?Read the answer and worked solution →Fill the money multiplier chainRead the answer and worked solution →

Worked practice questions

Sort: GDP includes or excludes?

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Items
  1. Item
    Sale of a new car
    Answer
    left
  2. Item
    Restaurant meal
    Answer
    left
  3. Item
    Construction of a new house
    Answer
    left
  4. Item
    Resale of a used car
    Answer
    right
  5. Item
    Stock market transactions
    Answer
    right
  6. Item
    Unpaid housework
    Answer
    right
Categories
Left
Included
Right
Excluded

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Sort: fixed capital method or fluctuating capital method?

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Items
  1. Item
    Two accounts: Capital + Current
    Answer
    left
  2. Item
    Capital balance stays unchanged
    Answer
    left
  3. Item
    Interest etc. routed to Current
    Answer
    left
  4. Item
    Single Capital A/c per partner
    Answer
    right
  5. Item
    Capital balance changes annually
    Answer
    right
  6. Item
    Drawings reduce Capital A/c directly
    Answer
    right
Categories
Left
Fixed
Right
Fluctuating

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Fill the money multiplier chain

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Missing parts
  1. Answer
    20 percent
    Choices
    1. 20 percent
    2. 10 percent
    3. 40 percent
  2. Answer
    five
    Choices
    1. two
    2. five
    3. ten
  3. Answer
    five hundred
    Choices
    1. two hundred
    2. one thousand
    3. five hundred
Complete the statement
With a cash reserve ratio of {0}, the money multiplier is {1}, so one hundred rupees of reserves can support deposits of {2} rupees.
Instructions
Tap the right value for each blank to complete the sentence about the money multiplier.
_Source: Qallery verified question bank, Karnataka PUC II, topic money_and_banking_

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More Economics topics

Unit 1A: Basic Economic Concepts and Production SystemsMoney and BankingUnit 2A1: Measuring Economic Output and Real GDPUnit 2A: Demand, Supply and Market EquilibriumUnit 2B: Economic Indicators: Inflation & UnemploymentUnit 4: Financial Sector: Money & Banking SystemUnit 4: Imperfect Competition & Market StructuresUnit 5: Factor Markets & Resource Allocation