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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 2 MCQs Theory of Demand and SupplyA Symbolic statement of a rela-tionship between the dependent and the independent variables is called as ________.
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIn a demand function, the demand for a product is the ________.
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIn a demand function, the deter-minants of demand like price, money income, tastes & preferences, etc. may be regarded as
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe Law of Demand, assuming other things to remain constant, establishes the relationship between:
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhen Price of a commodity increases what will be the affect on Quantity demanded?
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe production function:
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ shows the overall output generated at a given level of input:
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich function shows relationship between input and output?
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following statements is true?
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich one of the following is the assumption underlying any production function?
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of the following does not suggest a macro approach for India?
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsMacro Economics is the study of __________.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsA study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of __________.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of these is an example of macro economics:
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsMacro economics include __________.
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhen e = 1 then MR is __________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhen e < 1 then MR is:
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhen e > 1 then MR is:
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsDemand for a product is unitary elastic then:
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsGiven, AR = 5 and Elasticity of demand = 2 Find MR.
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