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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 2 MCQs Theory of Demand and SupplyIdentify the coefficient of price elasticity of demand when the percentage increase in the quantity of a good demanded is smaller than the percentage fall in its price:
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA decrease in price will result in an increase in total revenue if :
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich out of these are the feature of capitalism?
(i) Profit motive
(ii) Human welfare
(iii) Work through price mechanism -
Question 4 of 20
4. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business Economics__________ is an economic system in which all means of production are owned and controlled by private individuals for profit.
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of the following is consid-ered as a disadvantage of allocating resources using the market system?
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsExploitation and inequality will be more in __________.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business Economics__________ means that buyers ultimately determine which goods and services will be produced and in what quantities.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostCost in terms of pain, discomfort, disability involved in supplying the various factors of production by their owners are termed as ________.
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostEconomic costs of production differ from accounting costs of production because ________.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAccounting cost is ________ of Economic cost.
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostEconomic Costs comprises ________.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following will be included in implicit Cost?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe economy cannot continue to grow endlessly. Once Peak is reached, _________in demand is halted & starts _________ in certain sectors.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhat is the shape of perfectly competitive Average Revenue Curve?
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder which of the following market structure AR of the firm will be equal to MR?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder perfect competition a firm is the __________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder which Market Situation demand curve is linear and parallel to X axis:
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsPrice taker firms __________.
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder which of the following market structure AR of the firm will be equal to MR?
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsPerfectly competitive firm faces:
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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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There’s no straightforward answer to this question. But it’s a fact that CA Foundation is the easiest of all three levels.
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .