CA-CPT Question Paper June - 2016 (Session 2) - CA Foundation MCQ

Price and demand

Demand and Price

Income and demand

Demand and income

the GDP Deflator rises

a greater proportion of the population is between age 20 and 30

transitory income increases

income is taken from poor people and given to rich people

The money value of final goods & services produce annually in the year

The money value of annual service generation in the account

The money value of tangible goods produced annually in the economy

The money value of tangible goods available in the economy

Short period

Long period

Both short & long periods

Neither short nor long period

Current account for goods and services only

A capital account of financial assets only

Official settlement accounts only

All of the above

Product possibilities curve

Production indifference curve

Indifference curve

None of these

Jowar

Maize

Groundnut

Wheat

Savings & investment

Marginal tax rate and tax revenue

Unemployment rate and inflation rate

The budget deficit and the trade deficit

Pranab Mukharjee

Amartya sen

Manmohan singh

Jagadeesh bhagawathi

Individual parts of economy

Economy as a whole

Choice making .

Development of economy

Produce less at lower price

Produce more at lower price

Produce less at higher price

Produce zero at lower price

Market price increases in the long run

Producer will increase supply in the long run

Resources will flow outward and there will be a decline in supply

There will not be any change until demand and supply are equal

Law of variable proportions

Law of diminishing returns

Law of diminishing marginal utility

Law of supply

Savings by individuals

Mobilisation of savings

Human skills and abilities

Productive investment

Land has indestructible power

Land is passive factor

Capital is nature’s gift

Labour is mobile

Kerala

Maharastra

Delhi

Uttar Pradesh

2,400 calories per person per day

2,800 calories per person per day

2,100 calories per person per day

None of these

Human Development Report

Tendulkar committee

NSSO

Planning commission of India

No. of persons living per unit area

No. of persons living in a country

Change in the no. of inhabitants of a country during a specific per unit of time

Absolute numbers added every year

At this rate RBI borrows money from banks for short period

A reduction repo rate helps bank to get money at cheaper rate

An increase in repo rate makes borrowings from RBI expensive

At this rate banks borrow money from RBI

M1

M2

M3

M4

Persistent increase in general level of price

Persistent increase in price of individual goods, services & resources

One time increase in general level of price

One time increase in price of individual goods, services & resources

Direct tax is proportional in nature

An indirect tax is a progressive in nature

A Direct tax cannot be shifted

An indirect tax can be shifted to others

Increases

Decreases

Remains unchanged

Indeterminate

Demographic dividend

Demographic transition

Unemployment ratio

Dependency ratio

WTO

World Bank

IMF

UNO

Capitalistic

Socialistic

Mixed

Federal

MR =AR 

MR = TR/Q

MR= TR_n - TR_n+1

MC

AVC

TFC

None

Personal income tax

Sales tax

Service tax

Excise duties