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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 IntroductionWhich of the following statements distinguishes business from entrepreneurship?
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Question 2 of 20
2. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich are of the following does not require any investment?
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Question 3 of 20
3. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe Logo of Institute of Chartered Accountants of India (ICAI) is suggestive of ________.
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Question 4 of 20
4. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionThe Micro, Small, Medium and Large Enterprises are defined with respect to the:
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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 occupations requires rendering of services based upon specialised knowledge and membership of an accreditation and assessment body?
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Question 6 of 20
6. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionIn which of the following case, the qualifications are strictly prescribed?
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Question 7 of 20
7. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich of the following statement is false as regards profession?
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Question 8 of 20
8. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionTrading implies buying for the purposes of selling. Applying this criterion, tell which of the following activities would not qualify as trading?
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Question 9 of 20
9. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionWhich one of following is true, in economics and finance?
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Question 10 of 20
10. Question
1 pointsCategory: BCK Chapter 1 MCQs Business and Commercial Knowledge – An IntroductionSustainable development/businesses imply:
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Question 11 of 20
11. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich of the following is/are in-cluded in man-made structures within an environment?
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Question 12 of 20
12. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentDifferent organizations use different inputs & produce different outputs. The input-output exchange activity is.
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Question 13 of 20
13. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentBusiness functions as a part of broader environment. Business converts resources through various processes. This exchange process may bring _________.
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Question 14 of 20
14. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentIn an attempt to identify a framework for understanding the environment of organizations, various steps are required.
I. Explicit Consideration of immediate environment
II. To Check the nature (Static/ Simple/Complex)
III. Auditing of environmental influences.
The Sequential steps are -
Question 15 of 20
15. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentEnvironmental Analysis helps in:
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Question 16 of 20
16. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentBusiness Environment analysis help in:
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Question 17 of 20
17. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich of the following is not the basic goal of environmental Analysis?
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Question 18 of 20
18. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhen the company does not react to the demands of the environment by changing its Strategy, the result is :
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Question 19 of 20
19. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentWhich of the following signifies the utility of Environmental analysis?
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Question 20 of 20
20. Question
1 pointsCategory: BCK Chapter 2 MCQs Business EnvironmentSelect the correct statement out of the following:
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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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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .