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Welcome to CA Study Notes Quiz.
MCQ’s in CA Foundation Economics are very useful for preparing CA Foundation exams conducted by ICAI. The MCQ’s provided are according to the content given by the ICAI and these questions are most important for your examination.
We are providing Unlimited CA-Foundation MCQs for practice.
In this thread, we are starting with Business Economics.
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Question 1 of 20
1. Question
1 pointsDemand for a commodity refers to
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Question 2 of 20
2. Question
1 pointsThe quantity demanded is always expressed ________.
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Question 3 of 20
3. Question
1 pointsDemand is the ________.
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Question 4 of 20
4. Question
1 pointsThe quantity demanded is a ________.
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Question 5 of 20
5. Question
1 pointsIn economics, Effective Demand for a thing depends on:
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Question 6 of 20
6. Question
1 pointsAll of the following are determinants of demand except:
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Question 7 of 20
7. Question
1 pointsWhich of the following will affect the demand for non-durable goods?
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Question 8 of 20
8. Question
1 pointsThe term “Ceteris Paribus” refers to ________.
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Question 9 of 20
9. Question
1 pointsCeteris Paribus, the demand for a commodity is inversely related to its price. This happens because of:
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Question 10 of 20
10. Question
1 points________ is/are the types of Related Commodities.
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Question 11 of 20
11. Question
1 pointsAdam Smith defined Economics in terms of:
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Question 12 of 20
12. Question
1 pointsWho defines Economics in terms of Dynamic Growth and Development?
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Question 13 of 20
13. Question
1 pointsIn every economic system, scarcity imposes limitations on __________.
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Question 14 of 20
14. Question
1 pointsEconomic goods are considered scarce resources because they __________.
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Question 15 of 20
15. Question
1 points‘Economics is the study of mankind in the ordinary business of life’ was given by:
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Question 16 of 20
16. Question
1 pointsConsider the following and decide which, if any, economy is without scarcity:
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Question 17 of 20
17. Question
1 pointsHuman wants are in response to satisfy their wants?
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Question 18 of 20
18. Question
1 pointsEconomic goods are considered as scarce resources because __________.
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Question 19 of 20
19. Question
1 pointsThe meaning of time element in Economics is:
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Question 20 of 20
20. Question
1 pointsAll wants of an individual are not of:
Leaderboard: Set 2 Economic Quiz
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