CUET UG Economics Answer Key 2024 May 16 & Shift- 1A and Paper Analysis

NTA has started the CUET UG 2024 exam and NTA has successfully concluded the Economics exam CUET UG 2024 Day 2 Shift - 1A. Delhi candidates who are appearing for the CUET exam have been issued new CUET Admit Card 2024 including the revised exam centres. Candidates who are appearing for the exam should check the important exam day guidelines.

In this article, we will discuss CUET 16 May Shift – 1A Economics exam analysis to find out the exam review, paper analysis and student feedback on the difficulty level of the exam and good attempts in the exam. Additionally, students can also check the links given below to download CUET UG 2024 Economics Question Paper and CUET UG 2024 Economics Answer Key.

👉 CUET UG Economics Answer Key 2024 and Question Papers, Download PDF

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CUET 2024 Economics Analysis : Student Reactions

Yash Sharma says that according to the feedback of the students, the paper was easy. The difficulty level of the question paper was moderate. I practiced from Arihant books and these were similar questions. More questions were asked than ID. I will take the exams of Business Studies, Accountancy and Physical Education.

As per the reactions of the students, CUET 2024 Economics exam was moderate. The difficulty level of the exam was tougher as compared to the board exams. Maximum questions were covered in micro. CUET 2024 Economics question paper had more theory-based questions.

CUET 2024 Analysis for Economics : Difficulty Level

Based on student feedback, CUET 2024 Economics exam was considered moderate. The level of difficulty was higher as compared to board exams. Most of the questions focused on microeconomics, and the number of theoretical questions in the paper was high.

CUET UG 2024 Economics question paper for May 16 was moderate. However, some students found the paper long and difficult. Furthermore, some students reported that they were not able to complete all the questions within the CUET exam period. The exam was conducted for 60 minutes duration. Below are the reactions of students on CUET UG Economics exam:

Arshdeep says, "The paper was moderate. The question paper had more mathematical questions. I am from CBSE board. The paper was easy compared to the board exam."

Yash Sharma says that the paper was easy. The difficulty level of the question paper was moderate. I practiced from Arihant books and these were similar questions. More questions were asked than ID. I will take the exams of Business Studies, Accountancy and Physical Education.

CUET UG Chemistry Answer Key 2024 and Question Papers, Download PDF

CUET UG English Answer Key 2024 and Question Papers, Download PDF

CUET UG General Test Answer Key 2024 Paper Analysis - Download PDF

CUET UG Economics Unofficial Answer Key 2024 (All Sets)

Candidates can find the unofficial answer keys of CUET UG Economics PDF (for all sets) in the following table. Questions will be the same in Set A, B, C and D.

Question	Answer
1. ________ depicts what has actually happened.	(2) Ex-Post
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) Rs 4000 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.	(4) (A), (D), and (E) only
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.
5. Match List-I with List-II: List-I (A) Bank Rate (B) Marginal Standing Facility (C) Repo Rate (D) Reverse Repo Rate List-II (I) Securities are pledged in order to repurchase (II) Minimum rate at which funds are provided for long term (III) Also known as Penal Interest Rate (IV) Central Bank borrows funds from commerical banks	(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
6. Which of the following is not a function of Central Bank ?	(3) It accepts deposits and give loans to people.
7. Article 112 deals with:	(3) Union Budget
8. All those elements which create liability and decrease the assets of government are known as:	(1) Capital Receipts
9. Arrange the following elements in correct chfonological 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:	(2) (D), (B), (A), (C)
10. Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called _________.	(2) Appreciation of domestic currency
11. Match List-I with List-II: List-I (A) Pegged exchange rate system (B) Managed floating (C) Bretton Woods Conference (D) Third element in BOP List-II (I) Setting up of IMF and World Bank (II) Fixed exchange rate system (III) Dirty floating (IV) Error and Omission Account Choose the correct answer from the options given below:	(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
12. Casualization of workforce would result in :	(2) Increase in 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	(4) (D), (C), (A), (B)
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.	(2) Carrying capacity
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.	(3) 6-14
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 :	(4) (B), (D), (C), (A)
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 :	(3) (D), (C), (B), (A)
18. The Great Leap Forward (GLF) campaign was initiated in _______.	(3) 1958
19. Match List-I with List-II: List-I (A) Great Leap Forward (B) Mao Zedong (C) Brundtland Commission (D) Our Common Future List-II (I) Protecting the future generation (II) Aimed at industrialising the country on a massive scale (III) Introduced the Great Proletarian Cultural Revolution (IV) Seminar Report that explained sustainable development as meeting the basic needs of all for a better life Choose the correct answer from the options given below	(2) (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
20. Second phase of Green Revolution is termed from :	(2) mid 1970s to mid 1980s
21. During 1980s, the growth rate in Pakistan improved ontccount of which of the following reasons?	(4) High amount of foreign direct investment inflow
22. When there is unexpected rise in the sales ___________.	(3) There will be unplanned decumulation of inventories.
23. During festive season, the currency deposit ratio ____________.	(2) increases
24. European Monetary Union was created in ___________.	(3) 1999
25. Identify the correct statement in the context of Circular Flow of Income in a two sector economy:	(3) Firms produce goods and services.
26. Identify the correct set of statements. (A) Ex Ante Saving represents what is actually planned to save. (B) Ex Post Saving represents what is actually planned plan to save. (C) Ex Post Saving depicts what has actually happened. (D) Ex Ante Post Saving represents what is actually saved. Choose the correct answer from the options given below :	(2) (A) and (C) only
27. Match List-I with List-II : List-I (Elements) (A) Annual Financial Statement (B) Capital Receipts (C) Capital Payment (D) Export > Import List-II (Features) (I) Create liabilities or reduce financial assets (II) Trade surplus (III) Main budget document (IV) Create financial assets or reduce liabilities Choose the correct answer from the options given below:	(2) (A) - (III), (B) - (I), (C) - (IV), (D) - (III)
Read the following passage and answer the next five questions : In our quest to increase agricultural production during the last five decades or so, we almost totally neglected...
28. How is civic authority getting benefitted due to biocomposting?	(4) They have to dispose reduced quantity of waste
29. Choose the correct statement concerned with the passage:	(3) Earthworm takes less time to convert organic matter into compost with respect to normal composting process.
30. Water bodies including ground water system have suffered due to :	(2) Chemical contamination and increased demand for irrigation
31. In certain parts of the country, cattle are maintained only because they __________.	(2) Produce dung which is an important fertilizer and soil conditioner
32. What should be the suitable title for the above passage?	(1) Biocomposting
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CUET Economics Marking Scheme

Students will be awarded +5 marks for each correct answer or the most appropriate answer
1 mark will be deducted for any incorrect option marked.
No marks will be awarded for Unanswered/Marked for Review questions.
If more than one option is found to be correct then +5 will be given to only those who have marked any of the correct options.
If all options are found to be correct then +5 will be awarded to all those who have attempted the question.
If no options are found correct or a question is found to be wrong or a question is dropped, then all candidates who have attempted the dropped question will be given +5 marks.

CUET UG Economics Question Paper Analysis: Expected Cut Off

Tabulated below is the expected CUET cut off for courses where CUET Economics subjects can be aligned.

University	B.Com (Hons.) Cut off	B.A (Hons)
Banaras Hindu University (BHU)	235	170
BBAU	3.67	18.9
Allahabad University (AU)	454	All registered candidates
Mahatma Gandhi Central University	41	-
Dr. Harisingh Gour Vishwavidyalaya	481.37	500 and above
Central University of Karnataka	EE- 282.24 ECE- 361.61	-

CUET UG 2024: Overview

The Common University Entrance Test CUET (UG) 2024 will provide a common platform and level playing field to the candidates from across the country, especially from rural and other remote areas and will help in establishing better relations with the universities. A single application form will enable candidates to cover a wider reach and be a part of the admission process in various central and participating universities. The overview of CUET UG 2024 is given below:

CUET UG 2024: Overview
Name of the Exam	Common University Entrance Test (CUET)
Conducting Body	National Testing Agency (NTA)
Purpose of the Exam	For admission in UG courses in participating universities/institutes
Number of Participating Universities	Central Universities: 46 State Universities: 32 Deemed Universities: 20 Private Universities: 98 Government Institutions: 06
Official Website	exams.nta.ac.in