CPT Online Mock Test Paper for Economics and Maths, CPT Mock Test

Who expressed the view that “Economics should be neutral between ends”:

Rational decision making requires that:

From the national point of view which of the following indicates micro approach:

Economics is____________:

Which of the following statements is correct:

Which of the following would not cause an economy’s production possibilities curve to shift to the
right:

Suppose you find Rs 100. If you choose to use Rs.100 to go to a football match, your opportunity cost
of going to the game is _____________:

All points on PPC show that goods and services are produced at:

If marginal opportunity cost is falling, the PPF would be:

An example of positive economic analysis would be:

Identify the correct statement:

Socialist economy is a:

Which of the following pairs of goods is an example of substitutes:

Effective Demand depends on:

A relative price is:

The law of demand is:

If the price of any complement goods rises:

If the railways are making losses on passenger traffic they should lower their fares. The suggested
remedy would only work if the demand for rail travel had a price elasticity of ————-:

If a good has price elasticity greater than one then:

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the
consumers of the good to:

Suppose price of fashionable Shirts rises from Rs. 400 per piece to Rs. 700 per piece. The Shopping Mall
manager observes that the rise in price causes demand for shirts to fall from 500 shirts per week to 300
shirts per week. What is the price elasticity of demand for shirts?

Suppose the demand for meals at a medium-priced restaurant is elastic. If the management want to
raise price of means than:

How many types of elasticity of demand are there:

Calculate Income-elasticity for the household when the income of a household rises by 5% and the
demand for bajra falls by 2%:

The demand for a factor of production is said to be a derived demand because:

The second slice of bread gives less satisfaction to a hungry boy. This is a clear case of:

Law of diminishing marginal utility may not apply to:

Suppose there are three identical vases available to be purchased. Buyer 1 is willing to pay Rs 30 for
one, buyer 2 is willing to pay Rs 25 for one, and buyer 3 is willing to pay Rs 20 for one. If the price is Rs
25, how many vases will be sold and what is the value of consumer surplus in this market?

Which of the following is not a property of the indifference curve:

The slope of indifference curve indicates:

The consumer is in equilibrium when:

Expansion increase in supply refer to a situation when the producers are willing to supply a:

Which of the following has the lowest price elasticity of supply:

If price of computers increases by 10% and supply increases by 25%. The elasticity of supply is:

If as a result of 10% increase in price, the quantity supplied does not change at all, it implies that the
elasticity of Supply is:

Scarcity problem arises because the resources are………..:

Which of the following is an example of positive science:

Deductive method is also known as………..:

The law of scarcity:

Under mixed economic system, public sector represents………and private sector represents:

In capitalist economy the economy is divided into …………….and ………..groups:

The demand for woolen cloths is effected by:

The ‘substitution effect’ takes place due to change in:

If the demand for a product is independent of demand for other goods, then it is called………..:

If the quantity of good X demanded increases from 8 to 12 in response to an increase in the price of
good Y from Rs. 23 to Rs. 27, the cross elasticity of demand for X with respect to the price of Y is
approximately:

Total utility curve:

When there is no consumption, what value TU and MU takes:

Consumer stops purchasing the additional units of the commodity when:

In the long period the supply of the commodity is……….:

Elasticity of supply is zero means:

If a:b = 4:5, find the value of (5a – 3b): (6a + 3b):

Find in what ratio will the total wages of the workers of a factory be increased or decreased if there be
a reduction in the number of workers in the ratio 15 : 11 and an increment in their wages in the ratio
22 : 25 :

If a / b = c / d, implies (a + b) / (a – b) = (c + d) / (c – d), the process is called:

In 40 liters mixture of glycerine and water the ratio of glycerine and water is 3 : 1. The quantity of
water added in the mixture in order to make this ratio 2 : 1 is:

If log₂ [log₃ (log₂ x)] = 1, then x equals:

Solve for x, y and z if 2x – y + z = 3, x + 3y – 2z = 11, 3x – 2y + 4z = 1:

The sum of two numbers is 75 and their difference is 20. Find the difference of their squares:

Factorise the left hand side of the equation x³ + 7x² – 21x – 27 = 0 and the roots are as:

A straight line of x = 15 is:

The equation of the line passing through (5, – 3) and perpendicular to the line 2x – 3y + 14 = 0 is:

Division of Rs. 1100 into 3 parts in the ratio of 4:5:6 is:

If a^x= b^y= c^z, abc = 1 then xy + yz + zx = :

5^log5⁴ =

5/7 of 4/15 of a number is 8 more than 2/5 of 4/9 of the same number. What is half of that number:

If a, b are the roots x² + x + 1 = 0 then a² + b² = :

The ratio of speed of three car is 3 : 4 : 5 then find the ratio among time taking to cover same distance
by cars.

If an investment of Rs. 60,000 and Rs. 70,000 respectively yields an income of Rs. 5,750 Rs. 6,500 an
investment of Rs. 90,000 would yield income of Rs.___________:

The first census survey was conducted by :

The quickest method to collect primary data is:

The most attractive method of data presentation is:

Tally marks determines:

In 2000, out of total 1750 workers of a factory, 1200 were members of a trade union. The number of
women employed was 200 of which 175 did not belong to a trade union. In 2004, there were 1800
employees who belong to a trade union and 50 who did not belong to trade union. Of all the
employees in 2004, 300 were women of whom only 8 did not belong to the trade union. On the basis of
this information, the ratio of female members of the trade union in 2000 and 2004 is:

The average discovers:

First quartile is the value for which one-fourth of the observations are ___________Q1 and the
remaining three-fourths observations are_____________ Q1

7th decile is the abscissa of that point on the Ogive whose ordinate is:

What is the median for the following observations:
5, 8, 6, 9, 11, 4.

Variable : 2 3 4 5 6 7
no. of men : 5 6 8 13 7 4
Mode is:

For calculation of average Speed & Velocity:

The most commonly used measure of central tendency is:

If the AM. and GM. of two observations are 5 and 4 respectively, then the two observations are:

The mean deviation about mode for the numbers 4/11, 6/11, 8/11, 9/11, 12/11, 8/11 is:

If mean = 5, Standard deviation = 2.6 then the coefficient of variation is:

The quartile deviation for the data is:
X: 2 3 4 5 6
f: 3 4 8 4 1

The following series is of the type of :
Persons Age (in years)
A 15
B 13
C 16
D 22
E 20

The class width of a frequency distribution can be _______

For a set of 100 observations, taking assumed mean as 4, the sum of the deviations is -11 cm and the
sum of squares of these deviations is 257 cm2
. Find the coefficient of variation?

If the H.M. of 1, 1/2, 1/3……….1/n is 2/11, then n is equal to :

The range of 12, 15, 17, 9, 21, 25:

If mean deviation of observations 1, 2, 3, 4, 5, ………10 is λ then mean deviation of observation 11, 12,
13, 14…. 20 is ____________ :