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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 cost curves is never ‘U’ shaped?
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Question 2 of 20
2. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostAFC curve is :
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Question 3 of 20
3. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhich of the following curves never tough any axis but is downward ________.
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Question 4 of 20
4. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostThe slope of Average Fixed cost curve is?
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Question 5 of 20
5. Question
1 pointsCategory: Chapter 3 MCQs Theory of Production and CostWhen the output of a firm increase in the short run, its average fixed cost.
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Question 6 of 20
6. Question
1 pointsCategory: Chapter 1 MCQs Nature and Scope of Business EconomicsWhich of the following statements is incorrect?
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Question 7 of 20
7. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyAdvertisement elasticity of demand values between ________ and ________.
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Question 8 of 20
8. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhat will be the advertisement elasticity?
% Change in Demand = 30%
% change in Price = Nil
% change in advertisement Expenditure = 25% -
Question 9 of 20
9. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhen the demand changes at a higher rate than change in advertisement expenditure, the advertisement elasticity will be ________.
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Question 10 of 20
10. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe zero advertisement Elasticity represents :
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Question 11 of 20
11. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhen the change in demand is less than proportionate change in advertisement expenditure, the advertisement elasticity (Ea) will be equal to ________.
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Question 12 of 20
12. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyWhich of the following statements is correct?
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Question 13 of 20
13. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyMethod of demand forecasting does not include?
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Question 14 of 20
14. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyForecasting of demand is the Art and Science of predicting?
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Question 15 of 20
15. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyForecasting refers to knowing or measuring the status or nature of an event or variable ________ it occurs
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Question 16 of 20
16. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe demand for cement in India is forecasted. It refers to ________.
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Question 17 of 20
17. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and Supply________ demand forecasting is generally useful in tactical decisions.
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Question 18 of 20
18. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyThe demand for a commodity that arises because of the demand for same other commodity (prevent product) is called as ________.
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Question 19 of 20
19. Question
1 pointsCategory: Chapter 2 MCQs Theory of Demand and SupplyIf the demand for a product is independent of the demand for other goods, then it is called as ________.
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Question 20 of 20
20. Question
1 pointsCategory: Chapter 4 MCQs Price Determination in Different MarketsA Monopolist faces __________ sloping demand Curve.
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