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CA-CPT Question Paper December - 2016 (Session 2)

100 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA-CPT Question Paper December - 2016 (Session 2)

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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. The solved questions answers in this CA-CPT Question Paper December - 2016 (Session 2) quiz give you a good mix of easy questions and tough questions. CA CPT students definitely take this CA-CPT Question Paper December - 2016 (Session 2) exercise for a better result in the exam. You can find other CA-CPT Question Paper December - 2016 (Session 2) extra questions, long questions & short questions for CA CPT on EduRev as well by searching above.

QUESTION: 1

_____ is the difference between total receipts and total expenditure.

A.
Fiscal deficit
B.
Budget deficit
C.
Revenue deficit
D.
none

Solution:

QUESTION: 2

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

A.
Balance of trade.
B.
Balance of transactions.
C.
Budget
D.
Balance of payments

Solution:

QUESTION: 3

In _____ distribution mean= variance.

A.
Binomial
B.
Normal
C.
Poisson
D.
t

Solution:

QUESTION: 4

Conspicuous goods are also called as:

A.
Veblen
B.
Snob
C.
Prestigious
D.
All of the above

Solution:

QUESTION: 5

A relative price is _____

A.
Price expressed in terms of money
B.
What you get paid for baby sitting your cousin
C.
The ratio of one money price to another
D.
Equal to a money price

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:

A.
Infinity
B.
Equal to 1
C.
Zero
D.
Less than 1

Solution:

QUESTION: 7

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

A.
+0.5
B.
-0.5
C.
+0.05
D.
-0.05

Solution:

QUESTION: 8

Supply is a ___ concept.

A.
Flow
B.
Stock
C.
Both Flow & Stock
D.
Qualitative

Solution:

QUESTION: 9

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

A.
Percentage change in income
B.
Percentage change in price
C.
Percentage change in demand
D.
Percentage change in cost

Solution:

QUESTION: 10

Concept of consumer surplus is based on :

A.
Law of Diminshing Marginal utility
B.
Law of Equi-Marginal utility
C.
Law of Diminshing returns
D.
Engel’s law

Solution:

QUESTION: 11

which among the following is not a characterstic of land?

A.
Land is an active factor
B.
Its power is indestructible
C.
Variety of uses
D.
Its supply is limited

Solution:

QUESTION: 12

Which is not a characteristic of labour?

A.
Labour is not separable from labourer
B.
Labour is perishable
C.
Labour is not a mobile factor
D.
Labour is an active factor

Solution:

QUESTION: 13

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

A.
More than AP
B.
Less than AP
C.
Equal to AP
D.
None

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:

A.
50
B.
100
C.
150
D.
200

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?

A.
10
B.
30
C.
20
D.
5

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?

A.
60
B.
30
C.
40
D.
20

Solution:

QUESTION: 17

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

A.
280
B.
250
C.
150
D.
300

Solution:

QUESTION: 18

The market for ultimate consumers is known as _____

A.
Whole sale market
B.
Retail market
C.
Unregulated market
D.
Regiulated market

Solution:

QUESTION: 19

In a perfect competition, who set the prices :

A.
Buyers
B.
Sellers
C.
Both buyers and sellers
D.
Government

Solution:

QUESTION: 20

Average revenue rs also known as?

A.
Supply curve
B.
Demand curve
C.
Marginal revenue
D.
Average cost

Solution:

QUESTION: 21

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

A.
The seller has no control over the supply of his product
B.
The market has the same conditions all over
C.
The price elasticity of demand is different in different markets
D.
The price elasticity of demand is uniform

Solution:

QUESTION: 22

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

A.
Monopoly
B.
Perfect competition
C.
Monopolistic competition
D.
Oligopoly

Solution:

QUESTION: 23

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

A.
AC= MR
B.
MC= MR
C.
MR=AR
D.
AC=AR

Solution:

QUESTION: 24

Which of the following is false regarding Monopoly?

A.
Unique Product
B.
Seller
C.
Single
D.
None of the above

Solution:

QUESTION: 25

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

A.
Deamand curve
B.
Indifference curve
C.
Transformation curve
D.
Supply curve

Solution:

QUESTION: 26

Freedom of choice is an advantage of:

A.
Capitalist economy
B.
Mixed economy
C.
Socialist economy
D.
Communist economy

Solution:

QUESTION: 27

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

A.
Frachild
B.
A.C Pigou
C.
Adam Smith
D.
J.B. Say

Solution:

QUESTION: 28

Lionel Robbins said the following except:

A.
Scarce means
B.
Limited ends
C.
Alternative Uses
D.
Economics is science

Solution:

QUESTION: 29

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

A.
Socialism
B.
Mixed economy
C.
Capitalist Economy
D.
Communism

Solution:

QUESTION: 30

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

A.
Unemployment & poverty
B.
Over population
C.
Income inequalities
D.
Dominance of mass consumption

Solution:

QUESTION: 31

In the theory of demographic transition in the last stage:

A.
Birth rate rises, death rate rises.
B.
Birth rate rises, death rate falls
C.
Birth rate falls, death rate rises.
D.
Birth rate falls, death rate falls

Solution:

QUESTION: 32

_____ Unemployment is caused by decline in demand.

A.
Structural
B.
Technological
C.
Disguised
D.
Chronic

Solution:

QUESTION: 33

Work force refers to that part of:

A.
Labour force which is employed
B.
Population which is unemployed
C.
Population which is forced to work
D.
Labour force which is unemployed

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.

A.
5 and 14 years
B.
6 and 14 years
C.
7 and 14 years
D.
8 and 14 years

Solution:

QUESTION: 35

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

A.
Consumer Goods, Free Goods, Large scale industries
B.
Intermediate Goods, Consumer goods, Small scale industries
C.
Capital Goods, Basic Goods, Intermediate Goods
D.
consumer Goods, Large scale industries

Solution:

QUESTION: 36

______ is the apex bank for agriculture credit in Indi

A.
RBI
B.
SIDBI
C.
NABARD
D.
ICICI

Solution:

QUESTION: 37

BPO stands for _____

A.
Bharat Petroleum Organizatio
B.
Business Process Outsourcing
C.
Big Portfolio Outstanding
D.
Business Profit Organization

Solution:

QUESTION: 38

Who is called the ‘Bank of Issue’?

A.
RBI
B.
SBI
C.
IDBI
D.
ICICI

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.

A.
Repo rate
B.
Reverse repo rate
C.
Bank rate
D.
CRR

Solution:

QUESTION: 40

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

A.
Low interest on Government borrowings from banks
B.
Subsidization of credit to priority sector
C.
Increasing expenditure due to over staffing
D.
All of the above

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.

A.
CRR
B.
SLR
C.
Bank Rate
D.
Repo Rate

Solution:

QUESTION: 42

Inflation can be controlled by:

A.
Fiscal measures
B.
Monetary measures
C.
Control of investments
D.
All of the above

Solution:

QUESTION: 43

Money includes:

A.
Currencies and demand deposits
B.
Bonds, government securities
C.
Equity shares
D.
All of the above

Solution:

QUESTION: 44

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

A.
Chelliah
B.
Bootha lingam
C.
Both a & b
D.
Urjit Patel

Solution:

QUESTION: 45

Which of the following is not a direct tax?

A.
Gift tax
B.
Corporate income tax
C.
VAT
D.
Wealth tax

Solution:

QUESTION: 46

Which of the following is not correctly matched:

A.
Liberalisation – relaxation of previous government restrictions usually in areas of social and economic policies
B.
Privatisation – the transfer of assets or service functions from public to private ownership
C.
Disinvestment – disposal of private sector’s unit to public sector
D.
Globalisation – integrating the domestic economy with the world economy

Solution:

QUESTION: 47

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

A.
26
B.
49
C.
51
D.
74

Solution:

QUESTION: 48

Per capital income = _____

A.
NNP is divided by total population
B.
Population is divided by NNP
C.
Total capital divided by population
D.
None

Solution:

QUESTION: 49

Which of the following is not included in domestic territory?

A.
Ships and aircrafts operated by1he residents of the country between two or more countries
B.
Fishing vessels, oil and natural gas rigs, and floating platforms operated by the residents of the country
C.
Embassies, consulates and military establishments of the country located abroad
D.
Personal investments by residents in abroad

Solution:

QUESTION: 50

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

A.
Bank Rate
B.
Credit Ceiling
C.
Credit rationing
D.
Cash Reserve Ratio

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’?

A.
GDP Deflator
B.
CPI-AL/RL
C.
CPI-IW
D.
WPI

Solution:

QUESTION: 52

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

A.
1.3081
B.
1.1038
C.
1.3801
D.
1.8301

Solution:

QUESTION: 53

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

A.
B.
C.
D.
none of these

Solution:

QUESTION: 54

If abc = 2 then the value of

A.
1
B.
2
C.
1/2
D.
3/4

Solution:

QUESTION: 55

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

A.
128
B.
16
C.
32
D.
None

Solution:

QUESTION: 56

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

A.
x/100
B.
1/100x
C.
1/100
D.
None of these

Solution:

QUESTION: 57

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

A.
One – one and onto
B.
One – one and into
C.
Many to one
D.
One to many

Solution:

QUESTION: 58

2.353535 ……….=

A.
233/99
B.
234/99
C.
232/99
D.
235/99

Solution:

QUESTION: 59

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

A.
22
B.
21
C.
20
D.
None

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

A.
Rs. 56,75,000
B.
Rs. 72,75,000
C.
Rs. 63,75,000
D.
Rs. None of these

Solution:

QUESTION: 61

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

A.
Isosceles triangle
B.
Equilateral triangle
C.
Right angled triangle
D.
None of these

Solution:

QUESTION: 62

he inequalities

x₁ +2x₂ <5,x₁ +x₂ 2>1,x₁>0,x₂>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

A.
16
B.
14
C.
18
D.
15

Solution:

QUESTION: 64

A.
77/98
B.
9/7
C.
7/9
D.
99/77

Solution:

QUESTION: 65

A.
1
B.
1/2
C.
-1/2
D.
-1

Solution:

QUESTION: 66

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

A.
-3a²
B.
-2a²
C.
3a²
D.
2a²

Solution:

QUESTION: 67

A.
B.
C.
D.
None of these

Solution:

QUESTION: 68

and f'(x) =1 then the value

A.
1
B.
0
C.
D.

Solution:

QUESTION: 69

A.
e-1
B.
e^e
C.
e^e-1
D.
None

Solution:

QUESTION: 70

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

A.
720
B.
360
C.
120
D.
60

Solution:

QUESTION: 71

If (n+2)c₁₊₁: n_c1 : n-1c_1-1 = 8:3:1 then find the value of n

A.
14
B.
15
C.
16
D.
17

Solution:

QUESTION: 72

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

A.
3204
B.
3024
C.
4⁹
D.
9⁴

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

A.
12
B.
8
C.
10
D.
16

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.

A.
10,000
B.
12,000
C.
13,000
D.
None

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

A.
5%
B.
6 %
C.
7%
D.
8 %

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

A.
7000
B.
7500
C.
7750
D.
8000

Solution:

QUESTION: 77

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

A.
4
B.
5
C.
2
D.
1/2

Solution:

QUESTION: 78

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

A.
50.4
B.
40.7
C.
52.4
D.
None

Solution:

QUESTION: 79

________ is used for ordering the size of designed cloths.

A.
Mean
B.
Median
C.
Mode
D.
None

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?

A.
13.6
B.
13
C.
13.8
D.
12

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

A.
7
B.
5
C.
6
D.
10

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 ______

A.
0.78
B.
0.73
C.
0.87
D.
None

Solution:

QUESTION: 83

Regression coefficient is affected by _____

A.
Change of origin
B.
Change of Scale
C.
Both origin & Scale
D.
Neither origin nor scale

Solution:

QUESTION: 84

Regression lines are passes through the _____ points

A.
Mean
B.
Standard deviation
C.
Both a) & b)
D.
None

Solution:

QUESTION: 85

If the regression line of x on y is 3x+2y = 100, then find the value of b_xy?

A.
-2/3
B.
10/3
C.
3/2
D.
2/3

Solution:

QUESTION: 86

Index numbers are used in

A.
Economics
B.
increases
C.
Statistics
D.
None

Solution:

QUESTION: 87

From the following data

The Paasche’s price index number is:

A.
146.41
B.
148.25
C.
144.25
D.
None

Solution:

QUESTION: 88

The time reversal test is satisfied by _____ index number.

A.
Laspeyre’s
B.
Paasche’s
C.
Fisher’s
D.
None

Solution:

QUESTION: 89

Difference modes of presentation of data are ____

A.
Textual
B.
Tabular
C.
Both a) & b)
D.
None

Solution:

QUESTION: 90

For construction of Histogram the class intervals of frequency distribution is

A.
Equal
B.
Unequal
C.
Either Equal or Unequal
D.
None

Solution:

QUESTION: 91

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

A.
Personal Interview
B.
Telephone Interview
C.
Both a) & b)
D.
Indirect oral

Solution:

QUESTION: 92

Profits made by XYZ bank in different years refers to _____

A.
Attribute
B.
Discrete variable
C.
Continuous variable
D.
None

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?

A.
5/11
B.
6/11
C.
5/6
D.
None

Solution:

QUESTION: 94

if = 2/3 then find

A.
1/4
B.
1/6
C.
2/3
D.
1/2

Solution:

QUESTION: 95

then the events A & B are _______________

A.
Independent and mutually exclusive
B.
Independent but not mutually exclusive
C.
Mutually exclusive but not independent
D.
Neither independent nor exclusive

Solution:

QUESTION: 96

______ is / are Biparametric distribution(s).

A.
Binominal
B.
Poisson
C.
Normal
D.
Both a) & b)

Solution:

QUESTION: 97

In Poisson distribution µ₄ = 2, then find µ₂.

A.
2
B.
4
C.
2/3
D.
1/2

Solution:

QUESTION: 98

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

A.
(12,0)
B.
(0,12)
C.
(16,0)
D.
(0,16)

Solution:

QUESTION: 99

If x &y are two independent normal variates with means µ₁ & µ₂ and standard deviations o1 & o2 respectively, then x+y follows ______

Solution:

QUESTION: 100

According to Neyman’s allocation, in stratified sampling

A.
Sample size is proportional to the population size
B.
Sample size is proportional to the sample SD
C.
Sample size is proportional to the sample variance
D.
Population size is proportional to the sample variance

Solution:

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100 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA-CPT Question Paper December - 2016 (Session 2)

_____ is the difference between total receipts and total expenditure.

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

In _____ distribution mean= variance.

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