CUET PG Economics Course Overview Quiz
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Questions and Answers

What is the aim of the National Testing Agency (NTA)?

  • Regulating the supply of money and inflation
  • Assessing the competency of commercial banks
  • Conducting efficient, transparent, and international standards examinations in India (correct)
  • Creating credit and high powered money

Which organization conducts the Central University Entrance Test (CUET) for Post-Graduate (PG) programmes?

  • Commercial Banks
  • Reserve Bank of India
  • National Testing Agency (NTA) (correct)
  • Ministry of Education, Government of India

Which institutions conduct the Central University Entrance Test (CUET) for Post-Graduate (PG) programmes?

  • Participating Central Universities like JNU, Banaras Hindu University, Galgotias University, K.R. (correct)
  • State universities only
  • International universities
  • Private universities only

What does the Ministry of Education, Government of India aim to achieve by establishing NTA?

<p>Create an independent and autonomous organization for conducting standardized examinations (A)</p> Signup and view all the answers

What is the focus of tests conducted by NTA?

<p>Assessing aspirant’s competency for admissions into top education institutions (B)</p> Signup and view all the answers

What does microeconomics primarily analyze?

<p>Individual agents and markets (B)</p> Signup and view all the answers

Where can economic analysis be applied?

<p>Business, finance, and government (C)</p> Signup and view all the answers

Which distinction in economics involves describing 'what ought to be'?

<p>Normative economics (A)</p> Signup and view all the answers

What is the focus of macroeconomics?

<p>The economy as a system and its interactions (D)</p> Signup and view all the answers

What is the distinction between rational and behavioural economics?

<p>'What is' vs. 'what ought to be' (D)</p> Signup and view all the answers

Flashcards

National Testing Agency (NTA)

A national organization in India responsible for conducting standardized exams for higher education.

Central University Entrance Test (CUET) for PG

The entrance exam for admission to postgraduate programs in participating Central Universities.

National Testing Agency (NTA)

The independent organization that conducts the CUET (PG)

Microeconomics

The study of how individual agents and markets interact and make decisions.

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Macroeconomics

The study of the overall economy as a system and its interactions.

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Behavioral Economics

A branch of economics that studies how people make decisions in real-world situations, often irrationally.

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Economic Analysis

The application of economic principles in real-world settings, like business, finance, and government.

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Normative Economics

A branch of economics that focuses on what should be done based on values and beliefs.

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Rational Economics

The study of how individuals and businesses make decisions in the face of scarcity, using a logical and mathematical approach.

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Rational vs. Behavioral Economics

The difference between 'what is' and 'what ought to be' in economics.

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