Test: Business Economics - 2


25 Questions MCQ Test Business Economics for CA Foundation | Test: Business Economics - 2


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This mock test of Test: Business Economics - 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 25 Multiple Choice Questions for CA Foundation Test: Business Economics - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Economics - 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Economics - 2 exercise for a better result in the exam. You can find other Test: Business Economics - 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Which of the following taxes are difficult to evade?

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QUESTION: 2

Abolition of intermediaries and tenancy reforms are the examples of

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QUESTION: 3

Which of the following is a tangible wealth?

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QUESTION: 4

Which of the following is/are not the quantitative measures of Central Bank?

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QUESTION: 5

The Indian economy is a ________ economy.

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QUESTION: 6

FERA was replaced by FEMA in the year 

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QUESTION: 7

The law of diminishing marginal utility is applicable, if the units to consumption are

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QUESTION: 8

Who among the following is concerned with the `Wealth definition` of Economics?

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QUESTION: 9

When was the latest new population policy announced by the Government of India?

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QUESTION: 10

Price discrimination is the feature of which of the following competitions?

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QUESTION: 11

The period of the eleventh five year plan is/was 

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QUESTION: 12

As long as the average production is rising, the

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QUESTION: 13

The change in total utility due to consumption of an additional unit is called

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QUESTION: 14

Which of the following is not a feature of pure competition?

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QUESTION: 15

According to Dr. Marshall, the ________ element has a great relevance in the determination of price.

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QUESTION: 16

In a ________ budget, revenues are less than expenditures.

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QUESTION: 17

Which of the following demands has/have a direct relation?

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QUESTION: 18

Which of the following infrastructures of economy normally has the longest gestation period?

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QUESTION: 19

Which of the following is an example of implicit cost?

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Correct Answer :- d

Explanation : Implicit cost is the cost of self supplied factors of production. Hence Interest that could have been earned on retained earnings used by the firm to finance expansion is implicit cost.

QUESTION: 20

Economic cost includes

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QUESTION: 21

The elasticity of demand for perishable goods such as milk, vegetables etc. is generally

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QUESTION: 22

Which of the following situations means equilibrium in the balance of payments?

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QUESTION: 23

Which of the following is the apex body for the development of insurance business in India?

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QUESTION: 24

When does a firm need to go for a shut down decision?

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QUESTION: 25

Which of the following industries has been excluded from the list of industries reserved for public sector?

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