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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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1. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
A Free Market economy solves its Central Problems through __________.
2. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
A capitalist economy is by and large __________.
3. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
Which one is not the characteristic of capitalistic economy?
4. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
Capitalistic Economy uses as principal means of allocating resources.
5. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
Which one of the following is not true about capitalist economy?
6. Question1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost
Accounting 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.
7. Question1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost
Outlay Costs involve ________ expenditure of funds on wages, mate-rial, returns interest, etc.
8. Question1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost
Outlay costs involve ________ expenditure at some point of time and hence ________ recorded in the books of account.
9. Question1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost
Opportunity cost is:
10. Question1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost
The cost of one thing in terms of alternative given up is known as:
11. Question1 pointsCategory: Chapter 5 MCQs Business Cycles
_________ is the severe form of _________.
12. Question1 pointsCategory: Chapter 5 MCQs Business Cycles
The great depression of _________ is still cited for the enormous misery and human sufferings it caused.
13. Question1 pointsCategory: Chapter 5 MCQs Business Cycles
Which of the following statement is False?
14. Question1 pointsCategory: Chapter 5 MCQs Business Cycles
Industries that are extremely sensitive to the business cycle are the _________.
15. Question1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets
Which of the following is not the characteristic of MR?
16. Question1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets
MR Curve in perfect competition is __________.
17. Question1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets
In perfect Competition when the firm is a price taker, which curve among the following will be a straight line?
18. Question1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets
The firm in a perfectly competitive market is a price taker. This designation as a price taker is based on the assumption that:
19. Question1 pointsCategory: Chapter 4 MCQs Price Determination in Different Markets
Which of the following is incorrect?
20. Question1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply
An 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 .