CUET Economics Business Question Paper 2025 PDF: Download Previous Year Question Papers

CUET Business Economics Previous Year Question Papers - The CUET 2025 exam is near, and candidates who have opted for Business Economics as one of their papers should concentrate on solving previous year question papers to make their preparation stronger. The CUET (UG) 2025 examination is scheduled from May 13 to June 3 2025. By solving these papers, not only does one become familiar with the pattern of the exam, but one also gains confidence in the application of theoretical concepts to practical situations. CUET 2025 Business Economics syllabus includes such topics as microeconomics, macroeconomics, demand-supply analysis, business cycles, and other economic policies, which are all relevant to learning the key concepts of the subject.

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This Story also Contains

1. CUET 2025 Economics Exam Pattern
2. CUET Business Economics Previous Year Questions
3. CUET 2024 Economics Question Paper
4. CUET 2025 Syllabus- Strategy to Segregate
5. CUET 2025 Economics Mock Tests
6. How to Download CUET 2025 Economics Question Paper?

Previous year papers, when studied, allow candidates to spot repeated types of questions, enhance their ability to manage time, and recognize areas that need special attention. This article will walk you through key concepts, trends in previous year papers, and tips to approach CUET Business Economics 2025 efficiently.

Latest Updates - Click here to practice the CUET Economics question paper.

CUET 2025 Economics Exam Pattern

The CUET 2025 Economics exam pattern describes the format, question types, and marking scheme, which will assist candidates in planning their preparation. This section will provide you with a brief overview of the important information you should know for the exam.

CUET 2025 Economics Exam Syllabus

CUET 2025 Economics exam syllabus includes main subject matter both of micro and macroeconomics and emphasizes main principles and how these are being used. Below are the necessary important topics required for you to understand and learn about in preparation for the CUET 2025 Economics exam.

CUET 2025 Economics Exam Syllabus Download PDF

CUET Business Economics Previous Year Questions

We have provided below a few questions from the Previous year papers of CUET Economics. It helps in understanding the exam pattern, difficulty level, important topics, etc. It will help you in analyzing your preparation and gain confidence.

1. _______________ depicts what has actually happened.

(1) Ex-Ante

(2) Ex-Post

(3) Constant

(4) Variable

Correct Answer: (2) Ex-Post
Solution: Ex-Post refers to something that has actually happened or occurred. It looks at the actual outcomes after the event, as opposed to Ex-Ante, which refers to expectations or predictions before the event.

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

Correct Answer: (3) ₹400 crore

Solution: The Investment Multiplier (k) is given by the formula $k=\frac{\Delta Y}{\Delta I}$, where $\Delta Y$ is the change in income and $\Delta I$ is the change in investment. Given $k=5$ and $\Delta Y=$ ₹ 800 crore, we can solve for $\Delta I$ :

$\Delta I=\frac{\Delta Y}{k}=\frac{800}{5}=₹ 400 \text { crore. }$

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

Correct Answer: (1) (A), (C) and (D) only
Solution:

• (A) Quantitative tools control the extent of money supply by changing the CRR (true)

• (B) There are two types of open market operations – outright and upright (false, it should be "outright and repo" or similar terms)

• (C) A fall in the bank rate can decrease the money supply (true)

• (D) Selling of a bond by RBI leads to reduction in quantity of reserves (true)

• (E) The RBI can influence money supply by changing the rate at which it gives loan to commercial banks (true)

Therefore, (A), (C), and (D) are correct.

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.

Correct Answer: (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.

Solution: The Paradox of Thrift is an economic concept which suggests that when everyone in an economy tries to save more, the overall investment in the economy may fall, which can lower total economic output. This paradox is due to the fact that savings and investment are related, and if savings increase but investment does not increase at the same rate, the result can be a decline in economic activity.

5. Match List-I with List-II :

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)

Correct Answer: (2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
Solution:

• (A) Bank Rate → (II) Minimum rate at which funds are provided for long term

• (B) Marginal Standing Facility → (III) Also known as Penal Interest Rate

• (C) Repo Rate → (I) Securities are pledged in order to repurchase

• (D) Reverse Repo Rate → (IV) Central Bank borrows funds from commercial banks

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.

Correct Answer: (3) It accepts deposits and gives loans to people.

Solution: The central bank is responsible for controlling the money supply, acting as a banker to the government, and issuing currency. However, it does not directly accept deposits from the general public or give loans to individuals. Commercial banks perform these functions.

7. Article 112 deals with:

(1) Consolidated Fund of India

(2) Public Account

(3) Union Budget

(4) Contingency Fund

Correct Answer: (3) Union Budget
Solution: Article 112 of the Indian Constitution deals with the presentation of the Union Budget in the Parliament of India. It outlines the financial year for the government and provides for the introduction of the budget.

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

Correct Answer: (1) Capital Receipts

Solution: Capital receipts are those receipts that create a liability or reduce assets of the government. These include loans, borrowings, and any other capital receipts that involve a financial obligation.

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)

Correct Answer: (3) (D), (A), (B), (C)
Solution: The chronological sequence is as follows:

• (D) Gold Standard

• (A) Smithsonian Agreement

• (B) Bretton Woods Conference

• (C) Establishment of WTO
  The Gold Standard was the earliest system, followed by the Smithsonian Agreement, Bretton Woods Conference, and the establishment of the WTO.

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

Correct Answer: (2) Appreciation of domestic currency

Solution: When the value of a domestic currency increases in terms of foreign currencies, it is referred to as appreciation. It means the domestic currency has become stronger relative to foreign currencies.

11. Match List-I with List-II :

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)

Correct Answer: (2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
Solution:

• (A) Pegged exchange rate system → (II) Fixed exchange rate system

• (B) Managed floating → (III) Dirty floating

• (C) Bretton Woods Conference → (I) Setting up of IMF and World Bank

• (D) Third element in BOP → (IV) Error and Omission Account

The pegged exchange rate system refers to the fixed exchange rate system, while managed floating refers to dirty floating. The Bretton Woods Conference led to the setting up of the IMF and World Bank, and the third element in the Balance of Payments (BOP) is the Error and Omission Account.

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.

Correct Answer: (2) Increase in the vulnerability of the workforce.
Solution: Casualization refers to the increasing reliance on temporary or contract workers rather than regular, permanent workers. This results in greater job insecurity, lower wages, and fewer benefits, thus increasing the vulnerability of the workforce.

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)

Correct Answer: (4) (D), (C), (A), (B)
Solution:
The chronological order is:

• (D) Nationalization of RBI

• (C) Third Five Year Plan

• (A) Establishment of NABARD

• (B) FRBMA (Fiscal Responsibility and Budget Management Act)

The nationalization of RBI occurred first, followed by the Third Five Year Plan, the establishment of NABARD, and lastly the enactment of the FRBMA.

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

Correct Answer: (2) Carrying capacity

Solution: Carrying capacity refers to the ability of the environment to sustain resource extraction and absorb wastes without degrading or exceeding its regenerative capacity. This concept is crucial for sustainable development.

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

Correct Answer: (3) 6 – 14

Solution: The Right to Education Act (2009) guarantees free and compulsory education for all children between the ages of 6 and 14 years, making it a fundamental right under Article 21A of the Indian Constitution.

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)

Correct Answer: (4) (B), (D), (C), (A)
Solution:

• (B) Thermal

• (D) Hydro

• (C) New and renewable energy

• (A) Nuclear

Thermal energy contributes the largest share of power generation in India, followed by hydroelectric power, new and renewable energy sources, and lastly nuclear power.

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)

Correct Answer: (3) (D), (C), (B), (A)
Solution:

• (D) MRTP

• (C) FERA

• (B) FEMA

• (A) Competition Act

The sequence follows the chronological order in which the legislations were enacted: MRTP, FERA, FEMA, and the Competition Act.

18. The Great Leap Forward (GLF) campaign was initiated in __________ .

(1) 1948

(2) 1938

(3) 1958

(4) 1942

Correct Answer: (3) 1958

Solution: The Great Leap Forward was a campaign initiated by Mao Zedong in China in 1958, aiming at rapid industrialization and collectivization.

19. Match List-I with List-II :

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)

Correct Answer: (2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
Solution:

(A) Great Leap Forward → (II) Aimed at industrializing the country on a massive scale
(B) Mao Zedong → (III) Introduced the Great Proletarian Cultural Revolution

(C) Brundtland Commission → (I) Protecting the future generation

(D) Our Common Future → (IV) Seminal report that explained sustainable development as meeting the basic needs of all for a better life
The Great Leap Forward focused on industrialization, Mao Zedong introduced the Cultural Revolution, the Brundtland Commission addressed the need for sustainability, and "Our Common Future" emphasized sustainable development.

20. Second phase of Green Revolution is termed from :

(1) mid 1960s to mid 1970s

(2) mid 1970s to mid 1980s

(3) mid 1950s to mid 1960s

(4) mid 1980s to mid 1990s

Correct Answer: (2) mid 1970s to mid 1980s

Solution: The second phase of the Green Revolution, which focused on improving agricultural productivity and technology, took place from the mid-1970s to the mid-1980s.

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CUET 2024 Economics Question Paper

Below are a few sets of the CUET 2024 Economics question paper, by solving theses papers, you can get confidence about your preparation. It will help you get an idea about the exam pattern, difficulty level, etc.

CUET 2025 Syllabus- Strategy to Segregate

The National Testing Agency released the CUET 2025 syllabus on its official website. The syllabus of CUET 2025 UG programmes is divided into four sections. Sections 1A and 1B of CUET 2025 will have questions from languages, Section II will include domain-specific questions, and Section III will have questions for the general test.

Strategy to divide the CUET Exam syllabus:

• Make a list of topics.

• Segregate them into strong and weak sections according to personal experience and weightage.

• Make notes after finishing any section and revise them at the end of the day.

• Inculcate the complex and unknown sections in the daily timetable and revise them religiously to retain the gained knowledge on the examination day.

CUET 2025 Economics Mock Tests

Careers360 has designed a set of mock tests based on the comprehensive CUET Economics syllabus. Below are the mock test links; the candidates are requested to study all the topics.

Download - CUET UG 2025- Economics Exam Preparation

The e-book includes a vast collection of Previous Year Questions (PYQS) to help students understand exam patterns and frequently asked topics according to the latest exam pattern of CUET 2025.

How to Download CUET 2025 Economics Question Paper?

Students often analyse previous years' maths CUET question papers to identify important topics and patterns in the exam. To download the CUET Math question paper, follow these steps:

• Visit the official CUET website

• Look for the Download section

• Select the specific Economics question paper you want to download.

• Click on the download link provided.

• Save the PDF file to your device for future reference.