CUET PG PYQs for Consumer theory with Solutions: Practice CUET PG Previous Year Questions

Content Writer | Journalism Graduate | Updated 3+ months ago

Consumer theory is an important topic in the Economics section in CUET PG exam. Practising this topic will increase your score overall and make your conceptual grip on CUET PG exam stronger.

This article gives you a full set of CUET PG PYQs for Consumer theory with explanations for effective preparation. Practice of CUET PG Economics PYQs including Consumer theory questions regularly will improve accuracy, speed, and confidence in the CUET PG 2026 exam.

CUET PG PYQs for Consumer theory with Solutions

1.
Arrange the steps of buying household equipments in the correct sequential order: A. Product awareness B. Evaluation C. Need D. Purchase E. Interest
- A, C, B, E, D
- B, E, C, A, D
- C, A, E, B, D
- A, E, B, C, D
View Solution
2.
Suppose X takes the values -10 and 20 with probability 1/4 and 3/4 respectively, calculate E[X²].
- 225
- 275
- 325
- 375
View Solution
3.
Which of the following statements are true in case of public goods?
(a) Public goods are non divisible.
(b) Public goods are non excludable.
(c) Whatever government purchases is called Public good.
(d) Whatever the public consumes is called public good.
- (C) and (D) only
- (A) and (B) only
- (A), (B) and (D) only
- (A), (B) and (C) only
View Solution
4.
Match List-I with List-II:
List-I(Works)
List-II(Authors)
A Theory of Moral Sentiments I J.M. Keynes
B Theories of Surplus Value II J.S. Mill
C General Theory III Adam Smith
D On Liberty IV Karl Marx

Choose the correct answer from the options given below
- (A)- (I), (B)- (III), (C)- (III), (D)- (IV)
- (A)- (I), (B)- (III), (C)- (III), (D)- (IV)
- (A)- (III), (B)- (II), (C)- (I), (D)- (IV)
- (A)- (III), (B)- (IV), (C)- (I), (D)- (II)
View Solution
5.
If \(Y=20+10X\), then \(Var[Y]\) is
- 100 · Var[X]
- 10 · Var[X]
- 400 + 100 · Var[X]
- 20 + 10 · Var[X]
View Solution
6.
Which of the following are applicable to the individual's expenditure function?
(A) It is homogeneous of degree zero in all prices.
(B) It represents the maximum expenditure to achieve a given level of utility.
(C) It is non-decreasing in prices.
(D) It is concave in prices.
Choose the correct answer from the options given below:
- (A), (B), (C) and (D)
- (A), (B) and (C) only
- (A) and (B) only
- (C) and (D) only
View Solution
7.
Let \(Y=exp(a+bX)\), where a and b are constants. Calculate \(\frac{dX}{dY}\).
- \(exp(a+δX)\)
- \(a⋅exp(a+δX)\)
- \(b⋅exp(a+δX)\)
- \((a+b)⋅exp(a+δX)\)
View Solution
8.
In the three components of Income, there is Money Income, Real income and:
- Credit income
- Savings income
- Investment income
- Psychic income
View Solution
9.
Satish is very conscious of the food he eats. He eats only rotis and dal. A cup of dal costs Rs 2 while a roti costs one rupee and Satish decides to spend only Rs 13 per day on food. Also he decides to consume only 5500 calories a day. He has been told that each day
- He consumes 3 rotis and 5 cups of dal
- He consumes no more than 3 rotis per day
- He consumes 5 rotis and 5 cups of dal per day
- He consumes 5 cups of dal per day
View Solution
10.
The type of account which a woman entrepreneur would like to open to keep her money safely and yet readily available to her for use is:
- Public Provident Fund Account
- Fixed Account
- Current Account
- Recurring Account
View Solution
11.
The relationship between a country's per capita income and its inequality of income distribution is known as
- Lorenz curve
- Phillips curve
- Laffer curve
- Kuznets curve
View Solution
12.
Calculate the weighted arithmetic mean of 10, 20, and 30, when the given weights are:
(A) 1, 2 and 1 respectively
(B) 1, 1 and 3 respectively
(C) 1, 2 and 3 respectively
(D) 2, 1 and 2 respectively
Choose the correct answer from the options given below:
- (A), (B), (C), (D)
- (B), (C), (D), (A)
- (B), (A), (D), (C)
- (C), (B), (D), (A)
View Solution
13.
An individual's utility function for two goods - milk (M) and butter (B) is given as \( U(M,B) = 5M - 10B \), and the cost of each unit of the two goods is Rs 1, with a weekly budget of Rs 5. Find the individual's utility maximizing choice.
- 2.5 units of M and 2.5 units of B
- 0 unit of M and 5 units of B
- 5 units of M and 5 units of B
- 5 units of M and 0 unit of B
View Solution
14.
Assuming \( x \) is a whole number greater than or equal to 2, arrange the above four in decreasing order, with the largest first and smallest last:
(a) \(\frac{1}{x}\)
(b) \(\frac{1}{x^2}\)
© \(\frac{1}{1+x}\)
(d) \(\frac{1}{(1+x)^2}\)
- (A), (C), (B), (D)
- (B), (A), (B), (C), (D)
- (D), (B), (C), (A)
- (A), (D), (C), (B)
View Solution

List-I(Works)	List-II(Authors)
A	Theory of Moral Sentiments	I	J.M. Keynes
B	Theories of Surplus Value	II	J.S. Mill
C	General Theory	III	Adam Smith
D	On Liberty	IV	Karl Marx

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CUET PG PYQs for Consumer theory with Solutions

1.Arrange the steps of buying household equipments in the correct sequential order: A. Product awareness B. Evaluation C. Need D. Purchase E. Interest

2.Suppose X takes the values -10 and 20 with probability 1/4 and 3/4 respectively, calculate E[X²].

3.Which of the following statements are true in case of public goods? (a) Public goods are non divisible. (b) Public goods are non excludable. (c) Whatever government purchases is called Public good. (d) Whatever the public consumes is called public good.

4.Match List-I with List-II:List-I(Works)List-II(Authors)ATheory of Moral SentimentsIJ.M. KeynesBTheories of Surplus ValueIIJ.S. MillCGeneral TheoryIIIAdam SmithDOn LibertyIVKarl MarxChoose the correct answer from the options given below

5.If \(Y=20+10X\), then \(Var[Y]\) is

7.Let \(Y=exp(a+bX)\), where a and b are constants. Calculate \(\frac{dX}{dY}\)​.

8.In the three components of Income, there is Money Income, Real income and:

9.Satish is very conscious of the food he eats. He eats only rotis and dal. A cup of dal costs Rs 2 while a roti costs one rupee and Satish decides to spend only Rs 13 per day on food. Also he decides to consume only 5500 calories a day. He has been told that each day

10.The type of account which a woman entrepreneur would like to open to keep her money safely and yet readily available to her for use is:

11.The relationship between a country's per capita income and its inequality of income distribution is known as

12.Calculate the weighted arithmetic mean of 10, 20, and 30, when the given weights are: (A) 1, 2 and 1 respectively (B) 1, 1 and 3 respectively (C) 1, 2 and 3 respectively (D) 2, 1 and 2 respectively Choose the correct answer from the options given below:

13.An individual's utility function for two goods - milk (M) and butter (B) is given as \( U(M,B) = 5M - 10B \), and the cost of each unit of the two goods is Rs 1, with a weekly budget of Rs 5. Find the individual's utility maximizing choice.

14.Assuming \( x \) is a whole number greater than or equal to 2, arrange the above four in decreasing order, with the largest first and smallest last: (a) \(\frac{1}{x}\)(b) \(\frac{1}{x^2}\)© \(\frac{1}{1+x}\)(d) \(\frac{1}{(1+x)^2}\)

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1.
Arrange the steps of buying household equipments in the correct sequential order: A. Product awareness B. Evaluation C. Need D. Purchase E. Interest

2.
Suppose X takes the values -10 and 20 with probability 1/4 and 3/4 respectively, calculate E[X²].

3.
Which of the following statements are true in case of public goods?
(a) Public goods are non divisible.
(b) Public goods are non excludable.
(c) Whatever government purchases is called Public good.
(d) Whatever the public consumes is called public good.

4.
Match List-I with List-II:
List-I(Works)
List-II(Authors)
A Theory of Moral Sentiments I J.M. Keynes
B Theories of Surplus Value II J.S. Mill
C General Theory III Adam Smith
D On Liberty IV Karl Marx

Choose the correct answer from the options given below

5.
If \(Y=20+10X\), then \(Var[Y]\) is

7.
Let \(Y=exp(a+bX)\), where a and b are constants. Calculate \(\frac{dX}{dY}\).

8.
In the three components of Income, there is Money Income, Real income and:

9.
Satish is very conscious of the food he eats. He eats only rotis and dal. A cup of dal costs Rs 2 while a roti costs one rupee and Satish decides to spend only Rs 13 per day on food. Also he decides to consume only 5500 calories a day. He has been told that each day

10.
The type of account which a woman entrepreneur would like to open to keep her money safely and yet readily available to her for use is:

11.
The relationship between a country's per capita income and its inequality of income distribution is known as

12.
Calculate the weighted arithmetic mean of 10, 20, and 30, when the given weights are:
(A) 1, 2 and 1 respectively
(B) 1, 1 and 3 respectively
(C) 1, 2 and 3 respectively
(D) 2, 1 and 2 respectively
Choose the correct answer from the options given below:

13.
An individual's utility function for two goods - milk (M) and butter (B) is given as \( U(M,B) = 5M - 10B \), and the cost of each unit of the two goods is Rs 1, with a weekly budget of Rs 5. Find the individual's utility maximizing choice.

14.
Assuming \( x \) is a whole number greater than or equal to 2, arrange the above four in decreasing order, with the largest first and smallest last:
(a) \(\frac{1}{x}\)
(b) \(\frac{1}{x^2}\)
© \(\frac{1}{1+x}\)
(d) \(\frac{1}{(1+x)^2}\)