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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 SupplyThe merits of Capitalist economy do not include:
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyA free market economy’s driving force is:
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyAn economic system in which all means of production are owned and controlled by private individuals for profit is called:
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhere does price mechanism exists?
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIn which among the following systems the ‘right to property’ exists __________.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIf the market price of good is more than the opportunity cost of producing it, then:
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostIn which of the following cases opportunity cost concept applies?
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOpportunity Cost is:
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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 concept of opportunity cost has to be considered whenever :
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesBusiness Cycle occurs _________.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesFeatures of business cycles include?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich of the following is not a characteristic of business cycles _________.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich perfect completion firm is described as:
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich of the following Statement is false as regards Perfect Competition?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich is the first order condition for the profit of a firm to be maximum?
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsFor maximum profit, the condition is:
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsCondition for producer equilibrium is:
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn market, the price and output equilibrium is determined on the basis of:
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn a perfectly competitive market the demand curve of a firm is:
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .