List of top Economics Questions on Income and Expenditure Account asked in CUET (UG)

Paradox of Thrift implies:

Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier ?

\(\bar{C}\) in consumption function is not known as :

A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?

Identify the incorrect statement in the context of circular flow of Income:
(A) Household provides factor services to firms
(B) Household receives goods & services from firms
(C) Firms receives factor payments from households
(D) Factor services includes : land, labour, Capital and Entrepreneur
(E) In a simple economy, there are three sectors : Household, Firms & Government
Choose the correct answer from the options given below :

In an economy, the consumption function is C=500+0.75Y. Calculate equilibrium level of income, when investment expenditure is ₹ 5,000.

Multiplier being 5 times, an incremental investment of ₹ 100 crores leads to an incremental income of-

Among the following expenditures one expenditure comes under capital expenditure, choose the correct option.

The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous investment expenditure is called the ______ of the economy

Match List I with List II

LIST I		LIST II
A	Revenue Receipt	I	Increase in Liability
B	Capital Receipt	II	Do not increase in Asset
C	Revenue Expenditure	III	Increase in Asset
D	Capital Expenditure	IV	Do not increase Liability

Choose the correct answer from the options given below: 

Which of the following are to be considered while Measuring Fiscal Deficit?
A. Capital expenditure
B. Revenue receipts
C. Debt creating receipts
D. Revenue expenditure
E. Deficit on current A/c
Choose the correct answer from the options given below:

Consider the following as steps in the estimation of National Income of an economy by product value added method. Arrange them in proper sequence.
A) Add net factor income from abroad (NFIA).
B) Calculate cost of secondary inputs of all the sectors.
C) Determine Net Value added at factor cost.
D) Determine Gross Value Added.
E) Calculate value of output of all the sectors.
Choose the correct answer from the options given below:

Choose the correct example of Revenue Expenditure.