CUET DOMAIN ECONOMICS MOCK TEST 10 Minutes 10 Questions No Negative Marking Mock Test Instructions Welcome to your mock test! Before you begin, please take a moment to read through the instructions carefully to ensure a smooth testing experience. Participant Details: You must provide your full name and contact number before starting the mock test. This information is necessary for us to record your test results and communicate them to you Test Duration: The mock test is strictly timed at 10 minutes. Once started, the timer will count down, and the test will automatically submit when the time expires. Number of Questions: The test consists of 10 multiple-choice questions (MCQs). Scoring: Each question is worth 1 mark, making the total possible score 10 marks. Mandatory Questions: All questions are mandatory. Attempt every question to maximize your score. Scoring: Each question is worth 1 mark, making the total possible score 10 marks. On each correct answer you will be awarded 1 mark , there is no negative marking for wrong answer. One Attempt Only: Each participant is allowed only one attempt. The test will automatically submit once the 10-minute timer runs out, test cannot be paused once started. Please ensure you are fully prepared before you start the test and manage your time efficiently. Technical Requirements: Ensure you have a stable internet connection and use a compatible browser (e.g., Google Chrome, Firefox, Safari) to avoid any technical issues during the test. Note: This is just an indicative test to check your level of preparedness. The exam pattern and marking scheme for actual exam is different, please refer https://stargateeducation.com/cuet-coaching/ for more details If you encounter any technical difficulties during the test, please contact phone 7210032621 or email us on ssmm.stargate@gmail.com immediately for assistance. Name Phone 1. In economics, searcity refers to a situation when (a) demand for goods exceeds its supply (b) supply of goods exceeds its demand (c) supply of goods is equal to its demand (d) Both (a) and (b) 2. If a 10% rise in price of Good X leads to 20% fall in its quantity demanded, its elasticity of demand (a) elastic (b) inelastic (c) unitary elastic (d) perfectly inelastic 3. When MC is greater than MR after producer equilibrium, it means (a) profit of firm (b ) producing more will lead to decline in profit (c) no profit no loss (d) firm enjoys economic efficiency 4. Monopolistic competition combines the features of following market (a) Perfect competition and Monopoly (b) Monopoly and Oligopoly (c) Perfect competition and Oligopoly (d) Perfect competition, Monopoly and Oligopoly market 5. The surplus caused by a binding price floor will be greatest if? (a) demand is inelastic and supply in elastic (b) supply is inelastic, and demand is elastic (c) both supply and demand are elastic (d) both supply and demand are Inelastic 6. Which of the following items are excluded in calculation of national Income under income method? (a) Income from illegal activities like smuggling, theft, gambling, etc (b) Income from windfall gains (c) Transfer earnings like unemployment allowance, scholarship, etc (d) All of the above 7. Calculate marginal propensity to consume from the following data about an economy which is in equilibrium National income₹1,500 Autonomous consumption expenditure= ₹300 Investment expenditure=300 (a) 0.4 (b) 0.5 (c) 0.6 (d) 0.75 8. Loans granted to State Governments is an example of (a) revenue receipts (b) capital receipts (c) revenue expenditure (d) capital expenditure 9. Other things remaining unchanged. when in a country the price of foreign currency rises, national income is....... (a) likely to rise (b) likely to fall (c) Both (a) and (c) (d) not affected 10. Choose the incorrect statement from given below (A) Repayment of loan taken from IMF will I be recorded on debit side (b) Surplus in BoP refers to a state where debit side exceeds credit side (c) Increase in investment from rest of the world decreases the exchange rate. (d) Devaluation of current items improves trade balance of domestic country.