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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 SupplyA Free Market economy solves its Central Problems through __________.
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA capitalist economy is by and large __________.
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich one is not the characteristic of capitalistic economy?
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyCapitalistic Economy uses as principal means of allocating resources.
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich one of the following is not true about capitalist economy?
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAccounting Costs are also called as ________ costs whereas the cost of factors owned by the entrepreneur himself and employed in his own busi-ness is called as costs.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOutlay Costs involve ________ expenditure of funds on wages, mate-rial, returns interest, etc.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOutlay costs involve ________ expenditure at some point of time and hence ________ recorded in the books of account.
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOpportunity cost is:
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe cost of one thing in terms of alternative given up is known as:
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 5 MCQs Business Cycles_________ is the severe form of _________.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe great depression of _________ is still cited for the enormous misery and human sufferings it caused.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich of the following statement is False?
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesIndustries that are extremely sensitive to the business cycle are the _________.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich of the following is not the characteristic of MR?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMR Curve in perfect competition is __________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn perfect Competition when the firm is a price taker, which curve among the following will be a straight line?
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Question 18 of 20
18. 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 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich of the following is incorrect?
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyAn increase in price will result in an increase in total revenue if:
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .