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In this Quiz, We have covered MCQs from
- CA Foundation Paper 4 : Business Economics [20 Questions]
- 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 4 MCQs Price Determination in Different MarketsAverage Revenue can be symbolically written as:
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhen price is ₹ 20, Quantity demanded is 10 units and price is decreased by 5% then quantity demand increased by 10% then Marginal revenue is __________.
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIf a seller obtains ₹ 3,000 after selling 50 units and ₹ 3,100 after selling 52 units, then marginal revenue will be:
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMarginal revenue can be defined as the change in total revenue resulting from the:
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMR of nth unit is given by :
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAssume that when price is ₹ 20, the quantity demanded is 9 units, and when price is ₹ 19, the quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAssume that when price is ₹ 20, the quantity demanded is 15 units, and when price is ₹ 18, the quantity demanded is 16 units. Based on this information, what is the marginal revenue resulting from an increase in output from 15 units to 16 units?
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsTotal revenue = _______________.
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe amount realized by the firm by selling certain units of commodity is called as :
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhen TR is at its peak then MR is equal to __________.
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe basic minimum objective of all kinds of enterprises is to survive or to stay alive. It may be regarded as ________ objective of the enterprise.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ objective implies the profit maximizing behaviour of the firm.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ mobilizes factors of production, combines them in the right proportion, initiates the process of production and bears the risks involved in it.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich one of the following function is performed by entrepreneur?
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAccording to ________, the true function of an entrepreneur is to introduce innovations.
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA relative price is ________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe price of tomatoes increases and people buy tomato puree. You infer that tomato puree and tomatoes are ________.
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyChicken and fish are substitutes. If the price of chicken increases, the demand for fish will ________.
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyPotato chips and popcorn are sub-stitutes. A rise in the price of potato chips will ________ the demand for popcorn and the quantity of popcorn will ________.
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply“High priced goods consumed by status seeking rich people to satisfy their need for conspicuous goods” is:
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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 .