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We are providing daily MCQs for CA Foundation – Economics & BCK | CA Foundation – Business Mathematics and Logical Reasoning & Statistics | Practice MCQ’s for CA FOUNDATION Course | Unlimited Chapter-wise MCQ tests for CA Foundation Students available on CA Study Notes | Chapter-wise MCQ based revision series for your CA Foundation exams
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 EconomicsEconomic Problem arises when:
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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 not one of the four central questions that the study of economics is supposed to answer?
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe classification of economies into Capitalist, Socialist and Mixed is based on their:
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe choice between labour and Capital intensive techniques is related with.
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich one of the following is not an example of capitalist economy?
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostISO quants are negatively sloped & ________ to the origin due to ________ Marginal Rate of Tech-nical Substitution (MRTS).
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following statement is true in relation to an ISO Quant Curve?
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostSuppose, the total cost of produc-tion of commodity X is ₹ 1,25,000. Out of this cost implicit cost is ₹ 35,000 and normal profits is ₹ 25,000. What will be the explicit cost of commodity X?
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is an example of “explicit cost”?
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following is an example of an “implicit cost”?
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesAn economic variable that moves in the opposite direction as aggregate economicactivity down in expansions, up in contractions is called.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesFashion Retailer is business of?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsPrice under perfect competition is determined by the __________.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsEquilibrium price for an industry in perfect competition is fixed through.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWho sets the price of the product under perfect competition?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsA firm is said to be in equilibrium when __________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhat is the shape of the demand curve faced by a firm under perfect competition?
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA leftward shift in the demand curve may be due to :
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe movement upwards or downwards on the same demand curve resulting from a change in the price of the commodity is called as ________.
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich of the following may be a reason behind rightward shift of the demand curve?
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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 .
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