CUET 2026 Economics May 13 Shift 2 Question Paper- Download Answer Key and Solution PDF

CUET 2026 May 13 Shift 2 Economics Question Paper is available for download here. NTA is conducting the CUET 2026 exam from 11th May to 31st May.

CUET 2026 Economics exam consists of 50 questions for 250 marks to be attempted in 60 minutes.
As per the marking scheme, 5 marks are awarded for each correct answer, and 1 mark is deducted for incorrect answer.

Candidates can download CUET 2026 May 13 Shift 2 Economics Question Paper with Answer Key and Solution PDF from links provided below.

CUET 2026 Economics May 13 Shift 2 Question Paper with Solution PDF

CUET May 13 Shift 2 Economics Question Paper 2026	Download PDF	Check Solutions

Question 1:

GDP Deflator is used to measure:

(A) Unemployment rate
(B) Inflation in the economy
(C) Poverty ratio
(D) Fiscal deficit

View Solution

Question 2:

Which of the following is included while calculating National Income?

(A) Transfer payments
(B) Sale of second-hand goods
(C) Value of final goods and services
(D) Illegal income

View Solution

Question 3:

An increase in Aggregate Demand with constant Aggregate Supply generally leads to:

(A) Fall in price level
(B) Rise in unemployment
(C) Rise in output and prices
(D) Fall in national income

View Solution

Question 4:

Which function is mainly performed by commercial banks?

(A) Printing currency notes
(B) Accepting deposits and providing loans
(C) Framing monetary policy
(D) Collecting taxes

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Question 5:

Which account of Balance of Payments records export and import of goods?

(A) Capital Account
(B) Current Account
(C) Official Reserve Account
(D) Monetary Account

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Question 6:

If the value of Indian Rupee falls against the US Dollar, it is called:

(A) Appreciation
(B) Inflation
(C) Depreciation
(D) Deflation

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Question 7:

In Microeconomics, the main focus is on:

(A) National income
(B) Individual consumer and firm behavior
(C) Economic growth of a country
(D) Balance of Payments

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Question 8:

A consumer reaches equilibrium when:

(A) Income becomes zero
(B) Marginal utility becomes negative
(C) Budget line is tangent to indifference curve
(D) Prices increase continuously

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Question 9:

Which of the following is considered a variable cost?

(A) Rent of building
(B) Salary of permanent staff
(C) Cost of raw materials
(D) Insurance premium

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Question 10:

The LPG reforms introduced in India in 1991 stand for:

(A) Liberalisation, Privatisation, Globalisation
(B) Labour, Production, Growth
(C) Liberal Policy Governance
(D) Local Production Growth

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CUET UG 2026 Exam Pattern

Parameter	Details
Exam Name	Common University Entrance Test (CUET UG) 2026
Conducting Body	National Testing Agency (NTA)
Exam Mode	Computer-Based Test (CBT)
Exam Duration	60 minutes per test
Total Sections	3 (Languages, Domain Subjects, General Test)
Question Type	Multiple Choice Questions (MCQs)
Questions per Test	50 questions (all compulsory)
Marking Scheme	+5 for correct, -1 for incorrect
Maximum Marks	250 marks per test
Maximum Subject Choices	5 subjects in total
Syllabus Base	Class 12 NCERT (mainly for Domain Subjects)

CUET UG 2026 Paper Analysis

CUET Questions

1.
The "Green Revolution" in India was primarily associated with:

Increased use of chemical fertilizers and high-yielding variety (HYV) seeds
Promotion of cottage industries
Nationalization of commercial banks
Reduction in import tariffs

View Solution

2.
The price elasticity of demand for a commodity is \(-1.5\). If its price increases by \(10%\), then the approximate percentage change in quantity demanded will be:

Decrease by \(5%\)
Decrease by \(10%\)
Decrease by \(15%\)
Increase by \(15%\)

View Solution

3.
The Economic Reforms of 1991 in India are often referred to as:

L-P-G Policy (Liberalization, Privatization, Globalization)
G-A-T-T Agreement
Green Revolution Phase II
Mixed Economy Model

View Solution

4.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

1
1.5
0.5
0.75

View Solution

5.
An import of goods is recorded in the Balance of Payments account as:

A credit entry
A debit entry
A transfer payment
None of the above

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6.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

\(X=5,\;Y=25\)
\(X=10,\;Y=20\)
\(X=15,\;Y=5\)
\(X=8,\;Y=18\)

View Solution

CUET 2026 Economics May 13 Shift 2 Question Paper- Download Answer Key and Solution PDF

CUET 2026 Economics May 13 Shift 2 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.
The "Green Revolution" in India was primarily associated with:

2.
The price elasticity of demand for a commodity is \(-1.5\). If its price increases by \(10%\), then the approximate percentage change in quantity demanded will be:

3.
The Economic Reforms of 1991 in India are often referred to as:

4.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

5.
An import of goods is recorded in the Balance of Payments account as:

6.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

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CUET 2026 Economics May 13 Shift 2 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.The "Green Revolution" in India was primarily associated with:

2.The price elasticity of demand for a commodity is \(-1.5\). If its price increases by \(10%\), then the approximate percentage change in quantity demanded will be:

3.The Economic Reforms of 1991 in India are often referred to as:

4.If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

5.An import of goods is recorded in the Balance of Payments account as:

6.A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

Comments

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1.
The "Green Revolution" in India was primarily associated with:

2.
The price elasticity of demand for a commodity is \(-1.5\). If its price increases by \(10%\), then the approximate percentage change in quantity demanded will be:

3.
The Economic Reforms of 1991 in India are often referred to as:

4.
If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

5.
An import of goods is recorded in the Balance of Payments account as:

6.
A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?