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In this Quiz, We have covered MCQs from
- CA Foundation Paper 4B : Business and Commercial Knowledge [20 Questions]
- Chapter 1 : Business and Commercial Knowledge – An Introduction
- Chapter 2 : Business Environment
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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: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe Chartered Accountants are responsible for putting in place a credible system of truthful and fair accounting and reporting of the society’s resources, their deployment and utilisation. Hence, the Chartered Accountants are the ________ of a nations resources.
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Question 2 of 20
2. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe BCK is important for the Chartered Accountants (CA). Which of the following Statement(s) is/are correct in this regard?
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Question 3 of 20
3. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionAccording to the English Journalist Joseph Rudyard Kipling, each one of us have six honest servants. These are ________.
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Question 4 of 20
4. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following is not a business magazine?
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Question 5 of 20
5. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following is not a business Channel?
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Question 6 of 20
6. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following is not an economic objective of the firm?
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Question 7 of 20
7. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionEconomic, Activities are driven cause of ________?
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Question 8 of 20
8. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following statements characterizes the best non-economic activities?
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Question 9 of 20
9. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionUsually non-economic activities are driven by the reasons:
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Question 10 of 20
10. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe economic activities are distinguishable merely by the present of motive.
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Question 11 of 20
11. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn order to Survive and proposer a business:
I. Must Continuously monitor
II. Must adapt itself to the environment
III. Must Concentrate on its weakness only
IV. Must Concentrate on its Strength only. -
Question 12 of 20
12. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhat is not a characteristic of business environment?
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Question 13 of 20
13. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich of the following are not characteristics of business environment:
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Question 14 of 20
14. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich is not a feature of business environment?
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Question 15 of 20
15. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIt is easy to understand the business environment in parts but difficult to grasp in totality. Therefore, Business Environment is _________.
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Question 16 of 20
16. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentNow-a-days, the film industry generates revenue from ring tones/caller tunes rather than sale of music C.D. It exhibits _________ feature of business environment.
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Question 17 of 20
17. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentAn organisation like Aditya Birla Group has moved from textile to cement, to retail and to financial services as well as telecom due to changing circumstances. This example is related with _________ feature of Business Environment.
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Question 18 of 20
18. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentThere is a _________ interaction between Business and Business Environment.
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Question 19 of 20
19. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentThe interaction between Business and its Environment, helps the business in:
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Question 20 of 20
20. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn relation to solving the problem of shortage of Electricity, “CPP” means:
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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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Is the CA Foundation exam easy or not?
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 .