Calculate your scores: CUET Economics Answer Key 2024

Overview: While the official CUET Economics Answer Key 2024 has not yet been released, we have the unofficial CUET Economics Answer Key 2024 by the SuperGrads CUET team. 

Do you want to find out your CUET score in economics paper before the official CUET Economics Answer Key 2024 is released? We have experts providing the right answers!  

This blog post will also be updated with the official CUET Economics Answer Key 2024 on its release by NTA. 

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Overview of CUET Economics Exam Paper 2024

Check the economics paper marking scheme, duration of the paper and more listed in the table below: 

Sections	Details
Total Questions	50
Duration	60
Correct Answers	Provided for each question
Marks per Question	5
Negative Marking	-1 for each wrong answer
Types of Questions	Multiple Choice Questions (MCQs)

Check: CUET cut-off

Important CUET Economics Answer Key 2024 Dates

Note that the below mentioned date(s)/ week(s) can vary. 

Events	Important Dates
CUET Exam Date 2024	Between 15th May 2024 and 29th May 2024
CUET provisional & final answer key release	2nd week of June (Tentative)
NTA CUET Result will be announced on	Last week of June (Tentative)

Access your performance by downloading CUET result

CUET Economics Answer Key 2024 PDF Download 

The links listed in the table below will be active only after NTA release the official answer key. 

CUET Economics Answer Key 2024 Question Paper	Provisional CUET UG Economics Answer Key 2024	Final CUET Economics Answer Key PDF 2024
CUET Economics Answer Key 2024 set A	Link	Link
CUET Economics Answer Key 2024 set B	Link	Link
CUET Economics Answer Key 2024 set C	Link	Link
CUET Economics Answer Key 2024 set D	Link	Link

Unofficial CUET Economics Answer Key 2024 

Let's take a look at the right answers for the questions that appeared in economics paper. 

The right answer is marked in bold. 

1 - _ depicts what has actually happened. 

(1) Ex-Ante 

(2) Ex-post 

(3) Constant 

(4) Variable 

2 - If the value of Investment Multiplier is 5 and the increased income is INR 800 crore in a economy, then find the value of change in the investment in the economy. 

(1) INR 4000 crore 

(2) INR 120 crore 

(3)INR 400 crore 

(4)INR 160 crore 

Check: CUET English Answer Key 2024

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 operation - 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.  

(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.  

Choose the correct answer from the options given below.  

• (1) (A), (C) and (D) only 
• (2) (A), (B) and (D) only 
• (3) (B), (D) and (E) only 
• (4) (A), (D) and (E) only 

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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.  

(2) If all the people of the economy increase the proportion of income they spend, the total value of savings in the economy will not increase, it will either decline or remain unchanged.  

(3) If all the people of the economy decrease the proportion of income they save, the total value of savings in the economy will not increase, it will either decline or remain unchanged.  

(4) If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will not increase, it will either decline or remain unchanged. 

5 - Match List-I with List-II: 

List-I	List-II
(A) Bank Rate	(I) Securities are pledged in order to repurchase
(B) Marginal standing facility	(II) Minimum rate at which funds are provided for long term
(C) Repo Rate	(III) Also known as penal interest rate
(D) Reverse Repo Rate	(IV) Central bank borrows funds from commercial banks

Choose the correct answer from the options given below:

• (1) (A)-(1), (B)-(II), (C)-(III), (D)-(IV) 
• (2) (A)-(II), (B)-(III), (C)-(I), (D)-(IV) 
• (3) (A)-(I), (B)-(II), (C)-(IV), (D)-(III) 
• (4) (A)-(III), (B)-(IV), (C)-(I), (D)-(II) 

Check: CUET Hindi Answer Key 2024

6 - Which of the following is not a function of Central Bank ? 

(1) It controls the money supply in the economy through different rates. 

(2) It acts as a banker to the government. 

(3)* It accepts deposits and give loans to people 

(4) It issues the currency of the country. 

7 - Article 112 deals with : 

• (1) Consolidated Fund of India 
• (2) Public Account 
• (3) Union Budget 
• (4) Contingency Fund 

8 - All those elements which create liability and decrease the assets of government are known as: 

• (1) Capital Receipts # 
• (2) Capital Payments 
• (3) Revenue Receipts 
• (4) Revenue Payments 

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9 - Arrange the following elements in correct chronological sequence (earliest to latest) : 

(A) Smithsonin Apreement 

(B) Bretton Woods Conference 

(C) Establishment of WTO 

(D) Gold Standard 

Choose the correct answer from the options given below:

• (1) (A), (B), (C), (D) 
• (2) (D), (B), (A), (C) 
• (3) (D), (A), (B), (C) 
• (4) (C), (B), (D), (A) 

Check: CUET 2024 Colleges

10 - Under flexible exchange rate, when the price of domestic currency in terms of foreign currency is called _. 

• (1) Deprecration of domestic currency 
• (2) Appreciation of domestic currency 
• (3) Devaluation of domestic currency 
• (4) Revaluation of domestic currency 

To know the right answers for the rest of the economics paper, watch the video below.

Steps to download CUET Economics Answer Key 2024  

• Visit the official of CUET UG website
• Enter your application number, password and security PIN.
• Look for the notification section and click on the link for "CUET UG 2024 Answer Key and Response Sheet".
• Once logged in, locate the specific answer key for the Economics section corresponding to your exam date and shift (Set A, B, C, or D).
• A 'PDF' version of the answer key will be shown on the screen. 

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Steps to Challenge CUET Economics Answer Key 2024  

• Please go to the official website of CUET UG
• Login with your Application Number, Password, or Login with Application Number and Date of Birth and enter the Security Pin as displayed, and click on the Login Button.
• Click the ‘View/Challenge Answer Key’ button.
• The Option(s) next to the Question ID under the column ‘Correct Option(s)’ stands for the most appropriate Answer Key to be used by NTA.
• If you wish to challenge this option, you may use any one or more of the Options given in the next five columns by clicking the check box 
• You may want to upload supporting documents in which you can select ‘Choose File’ and upload (all documents are to be put in a single pdf file).
• After clicking on your desired Option(s) ID for Challenge scroll down and click on ‘Submit and Review Claims’ and move to the next screen. You must ensure to select all the required options(s) before moving further.
• You will see a display of all the Question ID and Option(s) you have challenged. You may still modify your selection by clicking on ‘Modify Claim’. Once you have selected all the Option(s) ID for Challenge you can click on ‘Save Claim and Pay Fee’. 
• Click on ‘Save Claim and Pay Fee’ to select payment options. No modification will be allowed after payment. 
• Select the Mode of Payment and Pay a non-refundable processing fee @ ₹ 200/-for each question challenged. Make payment through Debit/Credit Card/NetBanking/Paytm. 

Key Takeaways 

• The answer key allows you to estimate your score by comparing your marked responses with the official answers. 
• Utilize the answer key to assess your performance, calculate your scores and know the CUET cut-off marks of your desired college you would like to apply to.