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CUET PG Economics
2026 Question Paper
Question Paper Name : Economics 12th March 2026 Shift 2
Subject Name : Economics
Duration : 90
Total Marks : 300
Question Number : 1 Question Id : 61198721645
Which among the following is not an assumption of Indifference Curve?
Options:
(1) Completeness
(2) Transitivity
(3) More is better than less
(4) Unequal Satisfaction
Correct Answer:
❌ (1) Completeness
❌ (2) Transitivity
❌ (3) More is better than less
✅ (4) Unequal Satisfaction
Question Number : 2 Question Id : 61198721646
______ Curve shows all the efficient allocations of goods between two consumers, or of two inputs between two production functions.
Options:
(1) Pareto Curve
(2) Preference Curve
(3) Contract Curve
(4) Competitive Curve
Correct Answer:
❌ (1) Pareto Curve
❌ (2) Preference Curve
✅ (3) Contract Curve
❌ (4) Competitive Curve
Question Number : 3 Question Id : 61198721647
Goods are substitutes when an increase in the price of one leads to __________ of the other commodity.
Options:
(1) a decrease in demand
(2) no change in demand
(3) a decrease in price
(4) an increase in demand
Correct Answer:
❌ (1) a decrease in demand
❌ (2) no change in demand
❌ (3) a decrease in price
✅ (4) an increase in demand
Question Number : 4 Question Id : 61198721648
The term convex means that the slope of the indifference curve ______ as consumers move ______ along the curve.
Options:
(1) decreases, up
(2) increases, down
(3) increases, increases
(4) decreases, decreases
Correct Answer:
❌ (1) decreases, up
✅ (2) increases, down
❌ (3) increases, increases
❌ (4) decreases, decreases
Question Number : 5 Question Id : 61198721649
A zero economic profit means that the firm is earning a
Options:
(1) Normal profit
(2) Abnormal profit
(3) Below normal profit
(4) Only loss
Correct Answer:
✅ (1) Normal profit
❌ (2) Abnormal profit
❌ (3) Below normal profit
❌ (4) Only loss
Question Number : 6 Question Id : 61198721650
Total cost curve of a firm is a
Options:
(1) Flow concept
(2) Stock concept
(3) Neither flow nor stock
(4) Either flow or stock
Correct Answer:
✅ (1) Flow Concept
❌ (2) Stock Concept
❌ (3) Neither flow nor stock
❌ (4) Either flow or stock
Question Number : 7 Question Id : 61198721651
The efficient level of output is the level at which price of product is ______ marginal social cost (MSC).
Options:
(1) more than
(2) lower than
(3) equal to
(4) uncertain
Correct Answer:
❌ (1) more than
❌ (2) lower than
✅ (3) equal to
❌ (4) uncertain
Question Number : 8 Question Id : 61198721652
The following two characteristics define a particular type of market A. Close substitute products are sold by firms B. Free entry and exit of firms
Select the correct option from below:
Options:
(1) Perfect Competition
(2) Monopoly
(3) Oligopoly
(4) Monopolistic Competition
Correct Answer:
❌ (1) Perfect Competition
❌ (2) Monopoly
❌ (3) Oligopoly
✅ (4) Monopolistic Competition
Question Number : 9 Question Id : 61198721653
In the short run, if planned purchase exceeds production
Options:
(1) Unemployment Rises
(2) Inflation Rises
(3) Productivity Falls
(4) Wages Falls
Correct Answer:
❌ (1) Unemployment Rises
✅ (2) Inflation Rises
❌ (3) Productivity Falls
❌ (4) Wages Falls