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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 EconomicsFind out the correct statement __________
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business Economics“Economics is neutral between ends”. The statement is given by:
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsEconomics which is concerned with welfare propositions is called __________.
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe Business Economics incorpo-rates tools from other disciplines such as Mathematics, operations Research, Management theory, Accounting, etc. Therefore, Business Economics is
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe change in demand will be regarded as expansion of demand, if the increase in quantity demanded is due to ________.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIn the first stage of law of variable proportions, total product increases at the ________.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostDuring 2nd stage of law of Dimin-ishing returns:
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostA rational producer will produce in the stage in which marginal product is positive and :
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostDiminishing marginal returns implies:
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe phenomenon of diminishing returns rests upon the ________ of the fixed factor:
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder which of the following forms of market structure does a firm has no control over the price of its product:
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich of the following is not a condition of perfect competition?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets__________ is a ideal Market.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich of these are characteristics of Perfect Competition.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsPrice taking firms, i.e., firms that operate in a perfectly competitive market, are said to be “small” relative to the market. Which of the following best describes this smallness?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe firm in a perfectly competitive market is a price-taker. This designation as a price-taker is based on the assumption that __________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMR Curve = AR = Demand Curve is a feature of which kind of Market?
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsDemand curve is equal to M.R. curve in which market?
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich of the following is not an example of coincident indicator?
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesLeading economic indicators _________.
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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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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .