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This mock test of CA-CPT Question Paper December - 2016 (Session 2) for CA CPT helps you for every CA CPT entrance exam.
This contains 100 Multiple Choice Questions for CA CPT CA-CPT Question Paper December - 2016 (Session 2) (mcq) to study with solutions a complete question bank.
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QUESTION: 1

_____ is the difference between total receipts and total expenditure.

Solution:

QUESTION: 2

_____ is a systematic record of all the economic transactions between one country and rest of the world.

Solution:

QUESTION: 3

In _____ distribution mean= variance.

Solution:

QUESTION: 4

Conspicuous goods are also called as:

Solution:

QUESTION: 5

A relative price is _____

Solution:

QUESTION: 6

In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the Y-axis of the line would be:

Solution:

QUESTION: 7

If income increases by 10% and demand increases by 5%, then income elasticity of demand is:

Solution:

QUESTION: 8

Supply is a ___ concept.

Solution:

QUESTION: 9

Elasticity of supply refers to to the percentage change in supply divided by ____

Solution:

QUESTION: 10

Concept of consumer surplus is based on :

Solution:

QUESTION: 11

which among the following is not a characterstic of land?

Solution:

QUESTION: 12

Which is not a characteristic of labour?

Solution:

QUESTION: 13

Average Product raises due to an increase in variable input, then Marginal Product is :

Solution:

QUESTION: 14

Suppose the first four units of a variable input generate corresponding total outputs of 150, 200, 350 and 550. The marginal product of the third unit of input is:

Solution:

QUESTION: 15

Average cost of Producing 50 units of a Commodity is Rs 250 & fixed cost is Rs. 1000 . What will be the average fixed cost of producing 100 units of the Commodity?

Solution:

QUESTION: 16

A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 4 units of output?

Solution:

QUESTION: 17

If TVC = 100, TFC = 400, then calculate ATC at 5 units.

Solution:

QUESTION: 18

The market for ultimate consumers is known as _____

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QUESTION: 19

In a perfect competition, who set the prices :

Solution:

QUESTION: 20

Average revenue rs also known as?

Solution:

QUESTION: 21

The price discrimination under monopoly will be possible under which of the following coditions?

Solution:

QUESTION: 22

Which of the following markets has the concept of group equilibrium in long – run?

Solution:

QUESTION: 23

Which is the first order condition for the profit of a firm to be maximum?

Solution:

QUESTION: 24

Which of the following is false regarding Monopoly?

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QUESTION: 25

Which of the following is another name of Production possibilities curve?

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QUESTION: 26

Freedom of choice is an advantage of:

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QUESTION: 27

Who among the following gave the definition of Economics as “Science which deals with wealth”?

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QUESTION: 28

Lionel Robbins said the following except:

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QUESTION: 29

In which economic system all the means of production are owned and controlled by private individuals for profit?

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QUESTION: 30

Which of the following is not a cause of under – developed country?

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QUESTION: 31

In the theory of demographic transition in the last stage:

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QUESTION: 32

_____ Unemployment is caused by decline in demand.

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QUESTION: 33

Work force refers to that part of:

Solution:

QUESTION: 34

Right of children to free and compulsory education Act {RTE Act) 2009, has made free education for all children between the age of ______ fundamental right.

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QUESTION: 35

On the basis of end use, industries are classified into:

Solution:

QUESTION: 36

______ is the apex bank for agriculture credit in Indi

Solution:

QUESTION: 37

BPO stands for _____

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QUESTION: 38

Who is called the ‘Bank of Issue’?

Solution:

QUESTION: 39

______ is the official minimum rate at which central bank of a country is prepared to rediscount approved bills held by commercial banks.

Solution:

QUESTION: 40

Profitability ratio of commercial banks has not improved much due to _____

Solution:

QUESTION: 41

_____ refers to that portion of total deposits of a commercial bank whichit has to keep with RBI in the form of cash reserves.

Solution:

QUESTION: 42

Inflation can be controlled by:

Solution:

QUESTION: 43

Money includes:

Solution:

QUESTION: 44

Which committee recommended simplification and rationalization of tax system in India:

Solution:

QUESTION: 45

Which of the following is not a direct tax?

Solution:

QUESTION: 46

Which of the following is not correctly matched:

Solution:

QUESTION: 47

Government has permitted up to ____% Foreign Direct Investment {FDI) by foreign airlines in Indian airline companies.

Solution:

QUESTION: 48

Per capital income = _____

Solution:

QUESTION: 49

Which of the following is not included in domestic territory?

Solution:

QUESTION: 50

Which among the following is a qualitative tool of monetary policy?

Solution:

The quantitative instruments are Open Market Operations, Liquidity Adjustment Facility (Repo and Reverse Repo), Marginal Standing Facility, SLR, CRR, Bank Rate, Credit Ceiling etc.

On the other hand, qualitative instruments are: credit rationing, moral suasion and direct action (by RBI on banks).

QUESTION: 51

Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?

Solution:

QUESTION: 52

Given log 2 = 0.3010 and log 3 = 0.4771 then the value of log 24

Solution:

QUESTION: 53

If 3^{x} = 5^{y} = (75)^{z} then

Solution:

QUESTION: 54

If abc = 2 then the value of

Solution:

QUESTION: 55

The number of subsets formed from the letters of the word “ALLAHBAD”.

Solution:

QUESTION: 56

If (x) = 100 x then f^{-1} (x) =

Solution:

QUESTION: 57

f: R→R is defined by f (x)=2x then f is

Solution:

QUESTION: 58

2.353535 ……….=

Solution:

QUESTION: 59

The number of terms of the series needed for the sum of the series 50+45+40+….. becomes zero

Solution:

QUESTION: 60

A person received the salary for the 1st year is Rs. 5,00,000 per year and he received an increment of Rs. 15,000 per year then the sum of the salary he taken in 10 years

Solution:

QUESTION: 61

A triangle formed by the lines y = 0, x + 2y = 3, 2x – y = 1

Solution:

QUESTION: 62

he inequalities

x_{1} +2x_{2} __<__5,x_{1} +x_{2} 2__>__1,x_{1}__>__0,x_{2}__>__0 represents the region

Solution:

QUESTION: 63

Particular company produces some articles on a day. The cost of production per article is Rs.2 more than thrice the number of articles and the total cost of production is Rs.800 on a day then the number of articles is

Solution:

QUESTION: 64

Solution:

QUESTION: 65

Solution:

QUESTION: 66

Is continuous at x = – a then the value of K is

Solution:

QUESTION: 67

Solution:

QUESTION: 68

and f'(x) =1 then the value

Solution:

QUESTION: 69

Solution:

QUESTION: 70

How many numbers between 1000 and 10,000 can be formed with the digits 1, 2, 3, 4, 5, 6

Solution:

QUESTION: 71

If (n+2)c_{1+1 }: n_{c1} : n-1c_{1-1} = 8:3:1 then find the value of n

Solution:

QUESTION: 72

In how many ways 4 members can occupy 9 vacant seats in a row

Solution:

QUESTION: 73

A bag contains 23 number of coins in form of 1 rupee, 2 rupee and 5 rupee coins. The total sum of the coins is Rs. 43. The ratio between 1 rupee & 2 rupee coins is 3:2. Then the number of 1 rupee coins

Solution:

QUESTION: 74

The difference between the simple interest and compound interest on a certain sum of money invested for 2 years at 5% p.

Solution:

QUESTION: 75

If a person lends Rs. 6000 for 4 years and Rs. 8000 for 3 years at S.I. The Total Insterest earned is Rs. 2400 the nthe rate of Interest is

Solution:

QUESTION: 76

A some of money amounts to Rs. 7803 for one year at the rate of 4 %compounded semiannnually then the sum invested is

Solution:

QUESTION: 77

The G.M of observations 40, 50 and x is 10, then find the value of x?

Solution:

QUESTION: 78

If the mean of data is 55.6 and the mode is 46, then the ,edian is ______

Solution:

QUESTION: 79

________ is used for ordering the size of designed cloths.

Solution:

QUESTION: 80

The mean of 10 observations is 14.4. Out of these mean of 4 observations is 16.5, then find the mean of remaining observations?

Solution:

QUESTION: 81

The mean of 6,4,1,5,6,10 and 3 is 5. If each number is added with 2, then the new mean is

Solution:

QUESTION: 82

If the sum of the square of rank differences in the marks of 10 students in two students is 44 then the coefficient of rank correlation is ______

Solution:

QUESTION: 83

Regression coefficient is affected by _____

Solution:

QUESTION: 84

Regression lines are passes through the _____ points

Solution:

QUESTION: 85

If the regression line of x on y is 3x+2y = 100, then find the value of b_{xy}?

Solution:

QUESTION: 86

Index numbers are used in

Solution:

QUESTION: 87

From the following data

The Paasche’s price index number is:

Solution:

QUESTION: 88

The time reversal test is satisfied by _____ index number.

Solution:

QUESTION: 89

Difference modes of presentation of data are ____

Solution:

QUESTION: 90

For construction of Histogram the class intervals of frequency distribution is

Solution:

QUESTION: 91

In ______ method(s) information can be gathered by the researcher humself by contacting the interviewee.a. Personal Interviewb. Telephone Interviewc.

Solution:

QUESTION: 92

Profits made by XYZ bank in different years refers to _____

Solution:

QUESTION: 93

A bag contains 6 green and 5 red balls. One ball is drawn at random. The probability of getting a red ball is?

Solution:

QUESTION: 94

if = 2/3 then find

Solution:

QUESTION: 95

then the events A & B are _______________

Solution:

QUESTION: 96

______ is / are Biparametric distribution(s).

Solution:

QUESTION: 97

In Poisson distribution µ_{4} = 2, then find µ_{2}.

Solution:

QUESTION: 98

The second & third moments of observations (-6,-4,-2,0,2,4,6) are ______

Solution:

QUESTION: 99

If x &y are two independent normal variates with means µ_{1} & µ_{2} and standard deviations o1 & o2 respectively, then x+y follows ______

Solution:

QUESTION: 100

According to Neyman’s allocation, in stratified sampling

Solution:

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