CA-CPT Question Paper June - 2014(Session 2) - CA Foundation MCQ
30 Questions MCQ Test - CA-CPT Question Paper June - 2014(Session 2)
Which statement is true about law of demand
Which of the following is not a determinant of demand
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Generally when income of a consumer increases he goes for superior goods, leading to fall in demand for inferior goods. It means income elasticity of demand is ______
Which one of the following is not a characteristic of land
An entrepreneur undertakes which of the following functions
With a view to increase his production Hari Haran a manufacturer of shoes, increases all the factors of production in his unit by 100%. But at the end of year he finds that instead of an increase of 100%, his production has increased by only 80%. Which law of returns to scale is operating in this case _____
A demand curve parallel to y-axis implies
Marginal Cost changes due to change in ____ Cost
A firm produces 10 units of commodity at an average total cost of Rs.200 and with a fixed cost of Rs.500. Find out component of average variable cost in total cost.
Average total cost to firm is Rs. 600 when it produces 10 units of output and Rs. 640 when the output is 11 units. The MC of the 11th unit is
The demand curve of an oligopolist is
Selling outlay is an essential part of which of the following market situation
Kinky demand curve model explains the market situation known as _____
The distinction between a single firm & an Industry vanishes in which of the following market condition
For price discrimination to be successful, the elasticity of demand for the commodity in the two markets, should be:
Abnormal profits exists in the long run only under _____
One of the essential conditions of Perfect competition is _____
Production Possibilities curve is also known as ___
Who has defined Economics as “Science which deals with wealth”
Which of the following is not feature of capitalistic economy?
A firm will close down in the short period, if AR is less than
The basic reason of considering the Indian Economy as under developed economy is:
____ has highest Literacy rate in India
Which state has the highest urban population
In rural areas in India, the nature of unemployment is _____
Which of the following poverty eradication scheme is presently operational in India?
Petroleum, Oil and Lubricants (POL) constitutes around ____ % of India’s imports bill
Which of the following is the Correct definition of Micro enterprise according to micro, small and medium enterprise development (MSMED) Act 2006?
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