List of top Economics Questions on Goods and Services asked in CUET (UG)

When TU is maximum, what happens to MU ?

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A. Both consumption goods and capital goods are final goods.
B. Intermediate goods, mostly used as raw material.
C. Capital goods are crucial backbone of production process.
D. Final goods pass through more stages of production.
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Goods like National defence roads ete can not be provided through the market mechanism ie by transactions between individual consumers and producers and must be provided by the government. This is a matter of:

In the production of sugar, sugarcane is________

Match List - I with List - II.

List - I	List -II
(A) Export of goods and services	(I) Excess of export of goods over import of goods
(B) Trade surplus	(II) An element of invisible item
(C) Current transfers to rest of the world	(III) Recorded in credit side the current account BOP
(D) Portfolio investment	(IV) Foreign institutional investment

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Match LIST I with LIST II

LIST I		LIST II
A	Tea and Coffee	I	Complementary goods
B	Car and Fuel	II	Inferior goods
C	Low grade cereal food	III	Substitute goods
D	Good quality wheat	IV	Normal good

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There are two goods, Good X and Good Y. Suppose there is an increase in the price of Good X and decrease in the price of Good Y simultaneously. Choose the correct diagram that shows its effect.

Identify the goods that are of durable character and are used in the production process.

Match LIST I with LIST II

LIST I		LIST II
A	Quotas	I	Monetary assistance given by government for production activities
B	Import substitution	II	Government protects domestic industries from foreign competition
C	Tariffs	III	Tax on imported goods
D	Subsidy	IV	Specify the quantity of goods which can be imported

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Match List - I with List - II.

List - I	List -II
(A) Goods used in production process and are durable in character	(I) Intermediate goods
(B) Inputs for production	(II) Flows
(C) Machines in a factory	(III) Capital goods
(D)Annual profits	(IV) Stocks

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Match List - I with List - II.

List I		List II
A.	Export of goods and services	I.	Excess of export of goods over import of goods
B.	Trade surplus	II.	An element of invisible item
C.	Current transfers to rest of the world	III.	Recorded in credit side the current account BOP
D.	Portfolio investment	IV.	Foreign institutional investment

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Which of the following are the examples of complemental), goods ?
(A) pen and ink 
(B) tea and sugar 
(C) tea and coffee 
(D) ball pen and gel pen 
(E) shoes and socks 
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The value of all goods and services can be expressed in monetary units.
This statement refers to which function of money ?

Match List - I with List - II

List - I		List - II
(A)	Raw Material	(I)	Capital Goods
(B)	Machines used in Production	(II)	Final Goods
(C)	Bread used by a Consumer	(III)	Intermediate Goods
(D)	Services used by Consumer	(IV)	Consumer Goods

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Match List - I with List- II.

List - I	List - II
(A) Normal goods	(I) These goods are consumed together
(B) Inferior goods	(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods	(III) These goods are used in place of each other
(D) Complementary goods	(IV) Demand for the good increases as income of consumer increases

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Match List - I with List - II.

List I		List II
A.	Goods used in production process and are durable in character	I.	Intermediate goods
B.	Inputs for production	II.	Flows
C.	Machines in a factory	III.	Capital goods
D.	Annual profits	IV.	Stocks

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Identify the type of merger in which the two companies are producing different goods and services for one specific finished product.