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CA-CPT Question Paper June (Session 2) - 2017 - CA CPT MCQ


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30 Questions MCQ Test - CA-CPT Question Paper June (Session 2) - 2017

CA-CPT Question Paper June (Session 2) - 2017 for CA CPT 2024 is part of CA CPT preparation. The CA-CPT Question Paper June (Session 2) - 2017 questions and answers have been prepared according to the CA CPT exam syllabus.The CA-CPT Question Paper June (Session 2) - 2017 MCQs are made for CA CPT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CA-CPT Question Paper June (Session 2) - 2017 below.
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CA-CPT Question Paper June (Session 2) - 2017 - Question 1

Which of the following is not a part of demand?

CA-CPT Question Paper June (Session 2) - 2017 - Question 2

Which of the following pairs of goods is an example of substitutes?

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CA-CPT Question Paper June (Session 2) - 2017 - Question 3

In case of an inferior good, the income elasticity of demand is

CA-CPT Question Paper June (Session 2) - 2017 - Question 4

If a good is luxury, its income elasticity of demand is:

CA-CPT Question Paper June (Session 2) - 2017 - Question 5

If there is 50% rise in price and there is no change in Quantity demanded, then the elasticity of demand is?

CA-CPT Question Paper June (Session 2) - 2017 - Question 6

Which of the following is not a determinant of supply?

CA-CPT Question Paper June (Session 2) - 2017 - Question 7

When the price of a commodity increases from Rs. 200 to Rs. 250 and consequently the quantity supplied increases from 1000 units to 1100 units. What is the co- efficient of elasticity of supply

CA-CPT Question Paper June (Session 2) - 2017 - Question 8

Indifference curve is convex to the origin due to

CA-CPT Question Paper June (Session 2) - 2017 - Question 9

What term is used for maximum capital which the company can raise in its life time? 

CA-CPT Question Paper June (Session 2) - 2017 - Question 10

C.W.Cobb and Douglas of the U.S.A. studied the production function of the American __ industries: 

CA-CPT Question Paper June (Session 2) - 2017 - Question 11

In economics ___ refers to creating utility for goods & services?

CA-CPT Question Paper June (Session 2) - 2017 - Question 12

The cost of one thing in terms of the alternative given up is known as:

CA-CPT Question Paper June (Session 2) - 2017 - Question 13

Now a days, in the long run the modern firms faces________ cost curve when technology changes.

CA-CPT Question Paper June (Session 2) - 2017 - Question 14

_____Cost remain fixed over certain range of output, but suddenly jump to a new higher level when output goes beyond a given limit,

CA-CPT Question Paper June (Session 2) - 2017 - Question 15

The average Cost of Producing 9 units of a Commodity is Rs.200 and the fixed cost is Rs.630. What amount of average total cost is made up of variable cost?

CA-CPT Question Paper June (Session 2) - 2017 - Question 16

Find out AVC of 3 units:

CA-CPT Question Paper June (Session 2) - 2017 - Question 17

Which of the following markets  are classified on the basis of nature of transactions? 

CA-CPT Question Paper June (Session 2) - 2017 - Question 18

When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.

Detailed Solution for CA-CPT Question Paper June (Session 2) - 2017 - Question 18

Correct Answer :- a

Explanation : An increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.

CA-CPT Question Paper June (Session 2) - 2017 - Question 19

Which of the following statements is incorrect?

CA-CPT Question Paper June (Session 2) - 2017 - Question 20

Under which of the following forms of market structure does a firm have no price of its product?

CA-CPT Question Paper June (Session 2) - 2017 - Question 21

Under perfect competition a firm is described as

CA-CPT Question Paper June (Session 2) - 2017 - Question 22

For a firm to become profitable it should expand output whenever?

CA-CPT Question Paper June (Session 2) - 2017 - Question 23

Which of the following is not the objective of  price discrimination?

CA-CPT Question Paper June (Session 2) - 2017 - Question 24

In oligopoly, when the industry is dominated by one large firm which is considered as leader of the group. This is called:

CA-CPT Question Paper June (Session 2) - 2017 - Question 25

Production possibilities curve is also known as:

CA-CPT Question Paper June (Session 2) - 2017 - Question 26

Which of the following method is based on collection and analysis of facts?

CA-CPT Question Paper June (Session 2) - 2017 - Question 27

Which economic system is described by Schumpeter as "capitalism in the oxygen tent"?

CA-CPT Question Paper June (Session 2) - 2017 - Question 28

Water supply and construction comes under which sector?

CA-CPT Question Paper June (Session 2) - 2017 - Question 29

Which of the following statement is correct?

CA-CPT Question Paper June (Session 2) - 2017 - Question 30

If in a population of 1000 people, 400 people are in the labour force, 392 are employed, what is the unemployment rate?

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