Test: Business Economics - 1


25 Questions MCQ Test Business Economics for CA Foundation | Test: Business Economics - 1


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This mock test of Test: Business Economics - 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 25 Multiple Choice Questions for CA Foundation Test: Business Economics - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Economics - 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Economics - 1 exercise for a better result in the exam. You can find other Test: Business Economics - 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

The demand of a product at the rate of 10 is 100 units. When the rate is decreased to  8 per unit, the demand rises to 130 units. What is the elasticity of demand according to the total expenditure method?

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QUESTION: 2

In case of perfect competition, the selling firm is

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A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.

QUESTION: 3

The quantitative measures by the Central Bank are also known as

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QUESTION: 4

Which of the following costs are the most relevant for decision making?

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QUESTION: 5

In _________ of estimation, national income is calculated by adding wages, rent, interest and profits.

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The Income Method measures national income from the side of payments made to the primary factors of production in the form of rent, wages, interest and profit for their productive services in an accounting year.

QUESTION: 6

The law of diminishing returns applies mainly to

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QUESTION: 7

The agency functions of commercial banks do not include

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QUESTION: 8

Most of the unemployment in India is

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QUESTION: 9

A tabular statement of price-quantity relationship is known as

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QUESTION: 10

Which Indian state has the lowest density of population?

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QUESTION: 11

Giffen Paradox is applicable for

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QUESTION: 12

Which of the following is/are the internal or domestic source(s) of fund mobilisation for the government?

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QUESTION: 13

The term 'deposits with banks with maturity over one year' comes under ___ definition of money.

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QUESTION: 14

Which of the following Indian cities does not have a Metro rail system?

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Currently, 10 Indian cities have functional metro rail networks. These cities are Kolkata, Delhi, Chennai, Bengaluru, Hyderabad, Jaipur, Gurgaon, Mumbai, Kochi and Lucknow. The first metro service in India started in Kolkata in 1984.

QUESTION: 15

Which of the following institutes is the apex body for rural credit and agricultural finance?

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QUESTION: 16

Till date, the Indian agriculture has been of ______ nature.

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QUESTION: 17

Who among the followings is concerned with `welfare definition` of economics?

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QUESTION: 18

When lesser quantity is demanded with a rise in price, it is called ________ of demand.

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QUESTION: 19

Which of the following is true about monopolistic competition?

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QUESTION: 20

The 1st Five Year Plan laid more emphasis on

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QUESTION: 21

A firm is said to be in equilibrium when

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QUESTION: 22

The burden of tax lies more/equally on ______ in a regressive taxation system.

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QUESTION: 23

Balance of payment includes

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QUESTION: 24

Which of the following sectors enjoys concessions in respect of payment of taxes?

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QUESTION: 25

Which of the following is/are the most important input cost(s) in service industry?

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