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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 system of economy in which all the means of production are owned and controlled by the private individuals for the purpose of profit, is called:
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyCapitalistic Economy user __________ as principal means of allocating resources:
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich of the following is not demerit of Capitalism?
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyFreedom of choice is the advantage of __________.
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyUnder a free economy, prices are:
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOpportunity cost is the ________ value that is foregone in choosing one activity over the alternative.
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostOpportunity Cost is the cost of the ________ opportunity and involves a comparison between the policy that was ________ and the policy that was ________.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostDirect Cost is also known as :
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ costs are the costs that are readily identified and are traceable to a particular product, operations or plant.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and Cost________ may vary according to the changes accruing to the product process or machine.
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesWhich is not the characteristic feature of expansion phase inbusiness cycle?
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesBusiness Cycles are exceedingly Complex phenomena because.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe firm will attain equilibrium at a point where MC curve cuts from below __________.
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich is the first order condition for the firm to maximize the profit __________.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAverage revenue curve is also known as:
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsCondition for equilibrium of firm:
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsDemand curve is horizontal in the case of __________.
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsIn the short run, a firm operates with a __________ amount of capital and must choose the level of its __________ so as to __________ profit.
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsAt the equilibrium position of a firm Under perfect Competition, __________.
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsA purely competitive firm’s supply schedule in the short run is determined by __________.
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Students should practice CA Foundation Economics & Business and Commercial Knowledge (BCK) MCQ with Answers .