CA CPT Mock Test - 2 (Session 2) - CA Foundation MCQ
30 Questions MCQ Test - CA CPT Mock Test - 2 (Session 2)
If the demand curve for good X is downward-sloping, an increase in the price will result in
Which of the following is the result of a decrease in the price of tea, other things being equal?
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An increase in consumer income, other things being equal, will
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)
Which of the following is a variable cost in the short run?
If total revenue is Rs 100, explicit costs are Rs. 50, and implicit costs are Rs.30, then accounting profit equals :
If there are implicit costs of production, accounting profits will
Price discrimination is a situation when a producer
Assuming that tea is a normal good, a decrease in consumer income, other things being equal, will
The market for hand tools (such as hammers and screwdrivers) is dominated by Black & Decker, Stanley, and Craftsman. This market is best described as
A market structure in which many firms sell products that are similar but not identical is known as
If oligopolists engage in collusion and successfully form a cartel, the market outcome is
Collusion is difficult for an oligopoly to maintain
Which of the following is not a barrier to entry in a monopolized market?
Which of the following statements about price and marginal cost in competitive and monopolized markets is true?
A monopoly is able to continue to generate economic profits in the long run because
Why are transfer payments not a component of GDP?
Fresh evaluation of every item of expenditure from the very beginning of each financial year is called?
Assume that, in the population, 95 million people worked for pay last week, 5 million people did not work for pay but had been seeking a job, 5 million people did not work for pay and had not been seeking a job for the past several months, and 45 million were under age 16. The unemployment rate, given these numbers, is:
Gross capital formation will increase if:
1. gross domestic savings increases
2. gross domestic consumption increases
3. GDP increases
Select the correct answer using the codes given below.
Which of the following interest rates is still regulated?
1. Savings account interest rate
2. Fixed deposit interest rate
3. Current account interest rate
Select the correct answer using the codes given below.
“An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by?
A rise in general level of prices may be caused by
Which one of the following is likely to be the most inflationary in its effect?
In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements.
Select the correct answer
An increase in the Bank Rate generally indicates that the
Consider the following specific stages of demographic transition associated with economic development
1. Low birthrate with low death rate
2. High birthrate with high death rate
3. High birthrate with low death rate
Select the correct order of the above stages using the codes given below:
In India, deficit financing is used for raising resources for
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