Sample Paper Series- I


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100 Questions MCQ Test Mock Tests & Past Year Papers for CA Foundation | Sample Paper Series- I

Sample Paper Series- I for CA Foundation 2022 is part of Mock Tests & Past Year Papers for CA Foundation preparation. The Sample Paper Series- I questions and answers have been prepared according to the CA Foundation exam syllabus.The Sample Paper Series- I MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Sample Paper Series- I below.
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Sample Paper Series- I - Question 1

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

Sample Paper Series- I - Question 2

A firm under perfect competition will be making minimum losses (in the short run) at a point where:

Sample Paper Series- I - Question 3

When the consumer is in equilibrium his price line is ______ to indifference curve

Sample Paper Series- I - Question 4

The Law of variable proportions examines the Production function with:

Sample Paper Series- I - Question 5

Indifference Curve analysis is based on

Sample Paper Series- I - Question 6

MC curve cuts AVC Curve

Sample Paper Series- I - Question 7

Accounting profit is equal to:

Sample Paper Series- I - Question 8

Which of the following is a cause of an economic problem?

Sample Paper Series- I - Question 9

When two goods are perfect substitutes of each other then

Sample Paper Series- I - Question 10

In case of a Giffen good, the demand curve will be:

Sample Paper Series- I - Question 11

Which of the following statements is incorrect?

Sample Paper Series- I - Question 12

In perfect competition utilization of resources is

Sample Paper Series- I - Question 13

Price discrimination occurs when:

Sample Paper Series- I - Question 14

MR curve under Monopoly lies between AR and Y – axis because, the rate of decline of the MR is

Sample Paper Series- I - Question 15

In the long run, normal profits are included in the ______ curve.

Sample Paper Series- I - Question 16

Calculate Income-elasticity for the household when the income of a household rises by 10% the demand for T.V. rises by 20%

Sample Paper Series- I - Question 17

In case of necessaries the marginal utilities of the earlier units are large. In such cases the consumer surplus will be:

Sample Paper Series- I - Question 18

Which of the following is not the characteristic of Labour?

Sample Paper Series- I - Question 19

Indicate which of the following is a variable cost?

Sample Paper Series- I - Question 20

Marginal costs are closely associated with:

Sample Paper Series- I - Question 21

Economic cost means

Sample Paper Series- I - Question 22

When is average product at its maximum point?

Sample Paper Series- I - Question 23

A firm has producing 7 units of output has an average total cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production whether it produces or not. How much of the average total cost is made up of variable cost?

Detailed Solution for Sample Paper Series- I - Question 23

Total cost = 7×150=1,0507×150=1,050
Total variable cost = 1,050−350=7001,050−350=700
Variable cost per unit = 700/7=100

Sample Paper Series- I - Question 24

Calculate Income-elasticity for the household when the income of a household rises by 5% and the demand for bajra falls by 2%

Sample Paper Series- I - Question 25

The consumer surplus concept is derived from:

Sample Paper Series- I - Question 26

The cost that firm incurs in hiring or purchasing any factor of production is referred as:

Sample Paper Series- I - Question 27

___________ depicts complete picture of consumer tastes and preferences.

Sample Paper Series- I - Question 28

When economists speak of utility of a certain good, they are referring to:

Sample Paper Series- I - Question 29

Diminishing marginal returns imply:

Sample Paper Series- I - Question 30

If the goods are perfect substitutes for each other then cross elasticity is

Sample Paper Series- I - Question 31

Consumer Surplus is:

Sample Paper Series- I - Question 32

Which of the following statements is correct?

Sample Paper Series- I - Question 33

Soap industry is an example of:

Sample Paper Series- I - Question 34

When price is less than average variable cost at the profit maximizing level of output, a firm should :

Sample Paper Series- I - Question 35

For the Price taking firm:

Sample Paper Series- I - Question 36

Economic goods are goods which:

Sample Paper Series- I - Question 37

Which of the following means an Economic activity?

Sample Paper Series- I - Question 38

Which economy is now a myth only, as no country in the world is having that type of economy?

Sample Paper Series- I - Question 39

Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees 

Q. ​If Sandwiches are being sold for Rs. 14 each, what is Mohan’s profit maximizing level of output?

Sample Paper Series- I - Question 40

Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees 

Q. What is the total variable cost when 60 sandwich are produced?

Sample Paper Series- I - Question 41

Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees 

Q. What is the average fixed cost when 20 sandwiches are produced?

Sample Paper Series- I - Question 42

Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees 

Q. Between 10 to 20 sandwiches, what is the marginal cost per sandwich?

Sample Paper Series- I - Question 43

Q. If decreasing returns to scale are present, then if all inputs are increased by 10% then:

Sample Paper Series- I - Question 44

Q. Effective Demand depends on:

Sample Paper Series- I - Question 45

Q. Quantity demanded is a:

Sample Paper Series- I - Question 46

Q. If two goods are complementary, like pen and ink, then the cross elasticity is:

Sample Paper Series- I - Question 47

Q. If the price of Banana rises from Rs. 30 per dozen to Rs. 40 per dozen and the supply increases from 240 dozen to 300 dozens elasticity of supply is:

Sample Paper Series- I - Question 48

Q. If as a result of 90 percent increase in all inputs, the output increase by 75 percent this is a case of

Sample Paper Series- I - Question 49

Q. At shut down point:

Sample Paper Series- I - Question 50

Q. Excess Capacity is the essential characteristic of the firm in the market form of:

Sample Paper Series- I - Question 51

Q. If a good is priced at Rs. 180 p.u. and its price is increased to Rs. 240 p.u. Now suppose quantity demanded previously was 100 units and as a result of price increase, the quantity demanded fell to 80 units. What is the price elasticity?

Sample Paper Series- I - Question 52

Q. Macroeconomics is the study of:

Sample Paper Series- I - Question 53

All of the following are U-shaped curves except the:

Sample Paper Series- I - Question 54

A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is:

Sample Paper Series- I - Question 55

Lesser production of ________ would lead to lesser production in future

Sample Paper Series- I - Question 56

A condition needed for a perfectly competitive industry to exist is that:

Sample Paper Series- I - Question 57

If the price of petrol rises by 25% and demand for car falls by 40% then, cross elasticity between petrol and car is:

Sample Paper Series- I - Question 58

Assume that when price is Rs. 40 quantity demanded is 9 units, and when price is Rs. 38, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?

Sample Paper Series- I - Question 59

Which of the following is not a variable in the index of leading indicators?

Sample Paper Series- I - Question 60

When aggregate economic activity is increasing the economy is said to be in

Sample Paper Series- I - Question 61

Mark the Correct:

Sample Paper Series- I - Question 62

PESTLE refers to:

Sample Paper Series- I - Question 63

Larsen & Toubro ranked ----------- on Forbes World’s Best Employer’s List 2018.

Sample Paper Series- I - Question 64

Identify the one which may be considered as a public policy:

Sample Paper Series- I - Question 65

Who was the regulatory body for controlling financial affairs in India before SEBI?

Sample Paper Series- I - Question 66

What is consolidation?  

Sample Paper Series- I - Question 67

Which of the following statements distinguishes business from entrepreneurship?

Sample Paper Series- I - Question 68

Business and technology are:

Sample Paper Series- I - Question 69

Which pharmaceutical company has the slogan ‘caring for life’?

Sample Paper Series- I - Question 70

Public policies are of three types:

Sample Paper Series- I - Question 71

How many members of SEBI should be from RBI?

Sample Paper Series- I - Question 72

A portion of the after investment is: ‐tax profits paid out to the owners of a business as a return on their investment is: 

Sample Paper Series- I - Question 73

Which of the following is NOT an economic objective of the firm?

Sample Paper Series- I - Question 74

Mark incorrect: Partnership implies

Sample Paper Series- I - Question 75

Who is the present CFO of Adani Ports and Special Economic Zone Limited?

Sample Paper Series- I - Question 76

Which of the following statements about RBI is incorrect?

Sample Paper Series- I - Question 77

Economic Reforms introduced in India in 1992 are called LPG, that refers to

Sample Paper Series- I - Question 78

Setting low prices in order to discourage or deter potential new entrants to the suppliers market:

Sample Paper Series- I - Question 79

Find out the incorrect:

Sample Paper Series- I - Question 80

SWOT refers to:

Sample Paper Series- I - Question 81

Which one of the following is NOT a FMCG company?  

Sample Paper Series- I - Question 82

Mark incorrect as Globalization refers to:

Sample Paper Series- I - Question 83

Which of the following is NOT a function of RBI?

Sample Paper Series- I - Question 84

Which of the following is incorrect?

Sample Paper Series- I - Question 85

The Indian Companies Act, 2013 provides for the registration of:

Sample Paper Series- I - Question 86

The businesses should continuously ________ and _________ to the environment if it is to service and prosper.

Sample Paper Series- I - Question 87

Which company ranked 1st in Fortune 500 Companies list in 2018?

Detailed Solution for Sample Paper Series- I - Question 87

Correct Answer :- b

Explanation : Survey of 2018,

Sample Paper Series- I - Question 88

Reforms in Dowry Act and Divorce Act are the examples of:

Sample Paper Series- I - Question 89

Where can the first appeal against SEBI be made?

Sample Paper Series- I - Question 90

Which one is not correct about Bank rate?

Sample Paper Series- I - Question 91

A HUF cannot comprise members of a:

Sample Paper Series- I - Question 92

The term PESTLE analysis is used to describe a framework for analyzing:

Sample Paper Series- I - Question 93

Indane LPG is the product of which corporation in India?

Sample Paper Series- I - Question 94

Simplification of trade restrictions related to import is an example of:

Sample Paper Series- I - Question 95

The RBI has been vested with extensive power to control and supervise commercial banking system under the-

Sample Paper Series- I - Question 96

______ is a strategy that is used to minimize the risk of a particular investment and maximize the returns of an investment.

Sample Paper Series- I - Question 97

Under the income tax Act, A HUF cannot earn income from:

Sample Paper Series- I - Question 98

Which of the following is an economic activity:

Sample Paper Series- I - Question 99

In the Forbes World’s Largest Public Corporations List 2018, APPLE ranked:

Sample Paper Series- I - Question 100

Identify the sector where, FDI is NOT permitted:

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