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In this Quiz, We have covered MCQs from
- CA Foundation Paper 4 : Business Economics [20 Questions]
- Chapter 3 : Theory of Production and Cost
- Chapter 4 : Price Determination in Different Markets
- Chapter 5 : Business Cycles
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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 20
1. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ are the factors or resources which make it possible to produce goods and services.
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following factors of production is a free gift of nature and refers to Natural resources?
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is not a characteristic of land?
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is not a characteristics of Land?
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich among the following is not a characteristic of land?
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following statement about factors of production is not true?
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostNo two pieces of land and alike. They differ in fertility and situation. Therefore, Land is ________.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is correct about Land?
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe total supply of Land is ________ from the point of view of the economy. However, it is relatively ________ from the point of view of a firm.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostLabour force wants more ________
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn Economics, the term ‘market’ refers to a:
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMarket consists of __________.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe Price Elasticity of demand of a firm in Pure Competition is :
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets__________ conceived the “Time” element in markets and on the basis of this markets are classified into very short period, Short-Period, Long- Period & Very Long period.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsOn the basis of nature of transactions, a market may be classified into:
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesSelect the odd out:
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 5 MCQs Business Cycles_________ represents the steady growth lien or the growth of the economy when there are no business cycles.
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe four phases of the business cycle are _________.
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 5 MCQs Business Cycles_________ state continues till there is full employment of resources and production is at its maximum possible level using available productive resources.
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe different phases of a business cycle _________
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Frequently Asked Questions
Is there a negative marking in the CA Foundation Exams?
Yes, but only in two objective papers (papers 3 & 4) where for every wrong answer ¼ or 0.25 marks will be deducted.
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No, please don’t! More than one darkened circle for a single question is considered a wrong answer. It will result in a negative marking of 0.25 for every question that’s answered in this manner.
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There’s no straightforward answer to this question. But it’s a fact that CA Foundation is the easiest of all three levels.
What should I do after the 10th or 12th to become a CA?
You can provisionally register for the CA Foundation course right after class 10, but you have to wait till you pass your class 12 exams to appear for the CA Foundation exams.
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .