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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 3 MCQs Theory of Production and CostWhich of the following is a kind of Cost function?
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostA company produces 10 units of output and incurs ₹ 30 per unit as variable cost and ₹ 5 per unit of fixed cost. What will be its total cost of producing 10 units₹
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhat is the total cost of produc-tion of 20 units, if fixed cost ₹ 5,000 and variable cost is ₹ 2/-?
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostSuppose output increases in the short run. Total cost will:
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe Government itself must run important and selected industries and eliminate the free play of profit motive and self-interest. It is applicable in case of economy.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsThe term “Mixed Economy” denotes:
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsMixed economy means __________.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of the following are the features of a mixed economy?
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Question 9 of 20
9. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIf price decreases from ₹ 80 to ₹ 60 and elasticity of demand is 1.25 then ________.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich of the following statements about price elasticity of demand is correct?
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIn the case of a straight line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe Concept of point elasticity is used for measuring price elasticity where the change in price is ________.
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply -
Question 14 of 20
14. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe price elasticity of demand at the midpoint of the straight line demand curve under point method is ________.
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyPoint elasticity is useful for which of the following situations?
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 5 MCQs Business CyclesThe difference between exports and imports is the _________ for goods and Services.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsUnder monopoly, the degree of control over price is:
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsThe demand curve of the firm and industry will be same in which form of market:
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsMarket form in which there is only one buyer and one seller is:
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsWhich market is having a single seller and single Buyer?
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