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We are providing daily MCQs for CA Foundation – Economics & BCK | CA Foundation – Business Mathematics and Logical Reasoning & Statistics | Practice MCQ’s for CA FOUNDATION Course | Unlimited Chapter-wise MCQ tests for CA Foundation Students available on CA Study Notes | Chapter-wise MCQ based revision series for your CA Foundation exams
In this Quiz, We have covered MCQs from
- CA Foundation Paper 4 : Business Economics [20 Questions]
- Chapter 1 : Nature & Scope of Business Economics
- Chapter 3 : Theory of Production and Cost
- Chapter 5 : Business Cycles
- CA Foundation Paper-3 : Business Mathematics and Logical Reasoning & Statistics [5 Questions]
- Chapter 1 : Ratio
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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.
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Question 1 of 25
1. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhat is Production is Economics:
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Question 2 of 25
2. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is considered as production in economics?
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Question 3 of 25
3. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is considered production in Economics?
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Question 4 of 25
4. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following statements is true?
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Question 5 of 25
5. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIn Economics, entire process of ________ is nothing but creation of utilities in the form of goods and services.
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Question 6 of 25
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostProduction is defined as:
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Question 7 of 25
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAccording to ________, Production is the organized activity of transforming resources into finished products in the form of goods and services, and the objective of production is to satisfy the demand of such transformed “resources”.
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Question 8 of 25
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ to exchange in the market is an essential component of production.
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Question 9 of 25
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostProduction does not include work done ________.
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Question 10 of 25
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostFactors of production refer to :
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Question 11 of 25
11. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business Economics__________ refers to the process of selecting an appropriate alternative that will provide the most efficient means of attaining a desired end, from two or more alterative courses of action.
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Question 12 of 25
12. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsBusiness Economics is __________
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Question 13 of 25
13. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsBusiness Economics is also known as?
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Question 14 of 25
14. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe question of choice arises because our productive resources __________.
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Question 15 of 25
15. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe management of a business unit generally needs to make __________.
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Question 16 of 25
16. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe term business cycle refers to _________.
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Question 17 of 25
17. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe economy-wide fluctuations in production, trade and general economic activity is referred as :
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Question 18 of 25
18. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesGreatest depression suffered by economy in which year.
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Question 19 of 25
19. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich is not related to great depression of 1930?
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Question 20 of 25
20. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe business Cycles or the periodic booms and slumps in economic activities reflect the _________ in economic activities.
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Question 21 of 25
21. Question
1 pointsCategory: RatioThe inverse ratio of 11 : 15 is
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Question 22 of 25
22. Question
1 pointsCategory: RatioThe ratio of two quantities is 3 : 4. If the antecedent is 15, the consequent is
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Question 23 of 25
23. Question
1 pointsCategory: RatioThe ratio of the quantities is 5 : 7. If the consequent of its inverse ratio is 5, the antecedent is
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Question 24 of 25
24. Question
1 pointsCategory: RatioThe ratio compounded of 2 : 3, 9 : 4, 5 : 6 and 8 : 10 is
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Question 25 of 25
25. Question
1 pointsCategory: RatioThe duplicate ratio of 3 : 4 is
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