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In this Quiz, We have covered MCQs from
- CA Foundation Paper 4 : Business Economics [20 Questions]
- Chapter 1 : Nature & Scope of Business Economics
- Chapter 2 : Theory of Demand and Supply
- Chapter 3 : Theory of Production and Cost
- Chapter 4 : Price Determination in Different Markets
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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 1 MCQs Nature and Scope of Business EconomicsWhich of the following is not the subject matter of Business Economics?
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe branch of economic theory that deals with the problem of allocation of resources is:
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsMicro Economics Covers:
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsA study of how increase in the corporate income tax rate will affect the natural unemployment rate is an example of:
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business Economics__________ examines how the individual units (Consumers or firms) make decisions as to how to efficiently allocate their scare resources.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostFunctions of the entrepreneur are:
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAn Entrepreneur undertakes which one of the following functions?
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostInnovation theory of entrepreneurship is propounded by:
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe most important function of an entrepreneur is to ________.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWho has given the concept of Innovative Entrepreneurship?
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIf the price of Pepsi decreases relative to the price of Coke and 7-UP, the demand for:
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich of the following is an incorrect statement?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhat will happen in the rice market if buyers are expecting higher rice prices in the near future?
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyConspicuous goods are also known as:
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA good which cannot be consumed more than once is known as ________.
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn __________, there are few sellers who are selling competing products to many buyers.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe degree of control is very considerable in case of __________.
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAverage Revenue is also known as:
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAverage revenue curve is also known as:
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAverage revenue is the revenue earned __________.
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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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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .