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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
- 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 1 MCQs Nature and Scope of Business EconomicsBusiness Economics relies heavily on the techniques of __________.
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of the following is a normative statement?
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsAn example of ‘positive’ economic analysis would be:
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIn Cobb-Douglas production function, two inputs are:
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe famous Cobb-Douglas production function is based on studies of ________ industries in the United States of America.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIf Cobb-Douglas function is given by Q = KIncreasing returns, > 1LaCb, then there will be ________ when (a+b) ________.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe conclusion drawn from Cobb-Douglas production function is that labour contributed about ________ and capital about ________ of the increase in the manufacturing production.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAccording to Cobb-Douglas pro-duction function, will get ________ returns to scale?
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe demand curve has a ________ Slope.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe ________ sloping Demand Curve is in accordance with the law of demand which describes an price demand relationship.Upward, inverse
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe sum of individual demands for a product at a price per unit of time is called as ________.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe table which represents the sum of various quantities demanded by different consumers in the market is called as ________.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe market Demand Schedule indicates ________ relationship between price and quantity demanded of a commodity.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAs per Behavioural Principles, It will be profitable for the firm to expand output whenever Marginal __________ is __________ than Marginal.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAs per Behavioural Principle, which one of following Statement is Correct?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn the table below what will be equilibrium market price?
Price (₹) Demand (tonnes per annum) Supply (tonnes per annum) 1 1,000 400 2 900 500 3 800 600 4 700 700 5 600 800 6 500 900 7 400 1,000 8 300 1,100 -
Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsEquilibrium price for an industry in prefect completion is fixed through:
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsEquilibrium price may be determined through:
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich phase is the Highest point of the business Cycle?
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 5 MCQs Business Cycles_________ is the turning point and the beginning of recession.
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Is there a negative marking in the CA Foundation Exams?
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .
Is there any Test for maths also?
very soon