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CA CPT Mock Test - 2 (Session 2)


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100 Questions MCQ Test | CA CPT Mock Test - 2 (Session 2)

CA CPT Mock Test - 2 (Session 2) for CA Foundation 2022 is part of CA Foundation preparation. The CA CPT Mock Test - 2 (Session 2) questions and answers have been prepared according to the CA Foundation exam syllabus.The CA CPT Mock Test - 2 (Session 2) MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CA CPT Mock Test - 2 (Session 2) below.
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CA CPT Mock Test - 2 (Session 2) - Question 1

If the demand curve for good X is downward-sloping, an increase in the price will result in

CA CPT Mock Test - 2 (Session 2) - Question 2

Which of the following is the result of a decrease in the price of tea, other things being equal?

CA CPT Mock Test - 2 (Session 2) - Question 3

An increase in consumer income, other things being equal, will

CA CPT Mock Test - 2 (Session 2) - Question 4

Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)

CA CPT Mock Test - 2 (Session 2) - Question 5

Which of the following is a variable cost in the short run?

CA CPT Mock Test - 2 (Session 2) - Question 6

If total revenue is Rs 100, explicit costs are Rs. 50, and implicit costs are Rs.30, then accounting profit equals :

CA CPT Mock Test - 2 (Session 2) - Question 7

If there are implicit costs of production, accounting profits will

CA CPT Mock Test - 2 (Session 2) - Question 8

Price discrimination is a situation when a producer

CA CPT Mock Test - 2 (Session 2) - Question 9

In Perfect Competition

CA CPT Mock Test - 2 (Session 2) - Question 10

Assuming that tea is a normal good, a decrease in consumer income, other things being equal, will

CA CPT Mock Test - 2 (Session 2) - Question 11

The market for hand tools (such as hammers and screwdrivers) is dominated by Black & Decker, Stanley, and Craftsman. This market is best described as

CA CPT Mock Test - 2 (Session 2) - Question 12

A market structure in which many firms sell products that are similar but not identical is known as

CA CPT Mock Test - 2 (Session 2) - Question 13

If oligopolists engage in collusion and successfully form a cartel, the market outcome is

CA CPT Mock Test - 2 (Session 2) - Question 14

Collusion is difficult for an oligopoly to maintain

CA CPT Mock Test - 2 (Session 2) - Question 15

Which of the following is not a barrier to entry in a monopolized market?

CA CPT Mock Test - 2 (Session 2) - Question 16

Which of the following statements about price and marginal cost in competitive and monopolized markets is true?

CA CPT Mock Test - 2 (Session 2) - Question 17

A monopoly is able to continue to generate economic profits in the long run because

CA CPT Mock Test - 2 (Session 2) - Question 18

Why are transfer payments not a component of GDP?

CA CPT Mock Test - 2 (Session 2) - Question 19

Fresh evaluation of every item of expenditure from the very beginning of each financial year is called?

CA CPT Mock Test - 2 (Session 2) - Question 20

The first devaluation of currency took place in

CA CPT Mock Test - 2 (Session 2) - Question 21

Assume that, in the population, 95 million people worked for pay last week, 5 million people did not work for pay but had been seeking a job, 5 million people did not work for pay and had not been seeking a job for the past several months, and 45 million were under age 16. The unemployment rate, given these numbers, is:

CA CPT Mock Test - 2 (Session 2) - Question 22

Gross capital formation will increase if:
1. gross domestic savings increases
2. gross domestic consumption increases

3. GDP increases

Select the correct answer using the codes given below.

CA CPT Mock Test - 2 (Session 2) - Question 23

Which of the following interest rates is still regulated?
1. Savings account interest rate
2. Fixed deposit interest rate
3. Current account interest rate

Select the correct answer using the codes given below.

CA CPT Mock Test - 2 (Session 2) - Question 24

“An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by?

CA CPT Mock Test - 2 (Session 2) - Question 25

A rise in general level of prices may be caused by

CA CPT Mock Test - 2 (Session 2) - Question 26

Which one of the following is likely to be the most inflationary in its effect?

CA CPT Mock Test - 2 (Session 2) - Question 27

In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements.

Select the correct answer

CA CPT Mock Test - 2 (Session 2) - Question 28

An increase in the Bank Rate generally indicates that the

CA CPT Mock Test - 2 (Session 2) - Question 29

Consider the following specific stages of demographic transition associated with economic development
1. Low birthrate with low death rate
2. High birthrate with high death rate
3. High birthrate with low death rate

Select the correct order of the above stages using the codes given below:

CA CPT Mock Test - 2 (Session 2) - Question 30

In India, deficit financing is used for raising resources for

CA CPT Mock Test - 2 (Session 2) - Question 31

In the context of Indian economy, ‘Open Market Operations’ refers to

CA CPT Mock Test - 2 (Session 2) - Question 32

The balance of payments of a country is a systematic record of

CA CPT Mock Test - 2 (Session 2) - Question 33

The national income of a country for a given period is equal to the

CA CPT Mock Test - 2 (Session 2) - Question 34

The Reserve Bank of India regulates the commercial banks in matters of
1. liquidity of assets
2. branch expansion
3. merger of banks
4. winding-up of banks

Select the correct answer

CA CPT Mock Test - 2 (Session 2) - Question 35

Which of the following measures would result in an increase in the money supply in the economy?
1. Purchase of government securities from the public by the Central Bank
2. Deposit of currency in commercial banks by the public

3. Borrowing by the government from the Central Bank
4. Sale of government securities to the public by the Central Bank

Select the correct answer

CA CPT Mock Test - 2 (Session 2) - Question 36

The International Development Association, a lending agency, is administered by the

CA CPT Mock Test - 2 (Session 2) - Question 37

The lowering of Bank Rate by the Reserve Bank of India leads to

CA CPT Mock Test - 2 (Session 2) - Question 38

The SEZ Act, 2005, which came into effect in February 2006 has certain objectives. In this Context, consider the following:
1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.

Which of the above are the objectives of this Act?

CA CPT Mock Test - 2 (Session 2) - Question 39

The supply of a commodity does not depend directly upon

CA CPT Mock Test - 2 (Session 2) - Question 40

Which of the following is / are treated as artificial currency?

CA CPT Mock Test - 2 (Session 2) - Question 41

New firms are barred from entering the market in

CA CPT Mock Test - 2 (Session 2) - Question 42

India’s largest commercial bank is

CA CPT Mock Test - 2 (Session 2) - Question 43

Regarding the International Monetary Fund, which one of the following statements is correct?

CA CPT Mock Test - 2 (Session 2) - Question 44

Fiscal Policy is related to

CA CPT Mock Test - 2 (Session 2) - Question 45

Foreign exchange rate means the rate at which the currency of one country can be traded for

CA CPT Mock Test - 2 (Session 2) - Question 46

In India, during the last decade the total cultivated land for which one of the following crops has remained more or less stagnant?

CA CPT Mock Test - 2 (Session 2) - Question 47

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?

CA CPT Mock Test - 2 (Session 2) - Question 48

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

CA CPT Mock Test - 2 (Session 2) - Question 49

Consider the following actions which the government can take:
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.

Which of the above action/actions can help in reducing the current account deficit?

CA CPT Mock Test - 2 (Session 2) - Question 50

Consider the following statements:The functions of commercial banks in India include

1. Purchase and sale of shares and securities on behalf of customers.

2. Acting as executors and trustees of wills.

Which of the statements given above is/are correct?

CA CPT Mock Test - 2 (Session 2) - Question 51

39 persons can repair a road in 12 days, working 5 hours a day. In how many days will 30 persons, working 6 hours a day, complete the work?

CA CPT Mock Test - 2 (Session 2) - Question 52

The average weight of 8 persons increases by 2.5 kg when a new person comes in place of one of them weighing 65 kg. What might be the weight of the new person ?

CA CPT Mock Test - 2 (Session 2) - Question 53

A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?

Detailed Solution for CA CPT Mock Test - 2 (Session 2) - Question 53

CA CPT Mock Test - 2 (Session 2) - Question 54

if   then x is

CA CPT Mock Test - 2 (Session 2) - Question 55

The solution of the equation  and x+y= p+q is

CA CPT Mock Test - 2 (Session 2) - Question 56

The equation x2-(p+4) x+2P+5=0 has equal roots. The value of p is

CA CPT Mock Test - 2 (Session 2) - Question 57

The equation of the line parallel line joining (1,2) and (4,8) and having y-intercept 3 is

CA CPT Mock Test - 2 (Session 2) - Question 58

The roots of the equation x3-x2-4x+4 = 0 are

CA CPT Mock Test - 2 (Session 2) - Question 59

If a>0 and b>0 and a≠b then which of the following is true?

CA CPT Mock Test - 2 (Session 2) - Question 60

The time which a sum of money will be doubled at 6% compounded annually is approximately

CA CPT Mock Test - 2 (Session 2) - Question 61

The annual birth rate and death rate per 1000 are 39.4 and 19.4 respectively. The number of years in which the population will be doubled assuming that there is no immigration or emigration is approximately.

CA CPT Mock Test - 2 (Session 2) - Question 62

A sum is invested at 20% per annum Compound Interest semi-annually. The effectiverate of Interest is

CA CPT Mock Test - 2 (Session 2) - Question 63

Find the number of numbers that can be 1,2,3,4,3, 2,1 by placing the odd digits at oddplaces.

CA CPT Mock Test - 2 (Session 2) - Question 64

A supreme court bench Consists of five judges. In how many ways, the bench can give amajority decision?

CA CPT Mock Test - 2 (Session 2) - Question 65

There 10 points in a plane of which 4 are collinear. How many different straight lines canbe formed by joining these points?

CA CPT Mock Test - 2 (Session 2) - Question 66

If Pth term of an A.P is a and qth term is b. Then sum of (p+q) terms is

CA CPT Mock Test - 2 (Session 2) - Question 67

Three numbers are in A. P and their sum is 21. If 1,5,15 be added to them respectively,they form a G.P, then the numbers are

CA CPT Mock Test - 2 (Session 2) - Question 68

If a1/x = b1/y = c1/z and a, b, c are in G.P, then x, y, z are in

CA CPT Mock Test - 2 (Session 2) - Question 69

Given that f(x) = 2x+3 and g(x) =5x +m find ‘m ‘if fog =gof

CA CPT Mock Test - 2 (Session 2) - Question 70

If f(x) = ex then f-1(x) is

CA CPT Mock Test - 2 (Session 2) - Question 71

f(x) = 2x - x is

CA CPT Mock Test - 2 (Session 2) - Question 72

CA CPT Mock Test - 2 (Session 2) - Question 73

CA CPT Mock Test - 2 (Session 2) - Question 74

If f’(x) = 1+ 2x.log e 2 and curve passes through point (1,1) the equation of the curve is

CA CPT Mock Test - 2 (Session 2) - Question 75

Raj can build a house alone in 16 days but Suraj alone can build it in 12 days. Raj and Suraj work on alternate days. If Raj works on first day, the house will be built in how many days?

CA CPT Mock Test - 2 (Session 2) - Question 76

‘Stub ‘of a table is the

CA CPT Mock Test - 2 (Session 2) - Question 77

Median of a distribution can be obtained from

CA CPT Mock Test - 2 (Session 2) - Question 78

Geometric Mean of 3, 6, 24, and 48

CA CPT Mock Test - 2 (Session 2) - Question 79

If two groups have 20 and 30 items the means of 1st and combined groups are 40 and 46. The mean of the second group is

CA CPT Mock Test - 2 (Session 2) - Question 80

The set of observations 15,12,17,12,13, 15 16,19, 15, 12 is

CA CPT Mock Test - 2 (Session 2) - Question 81

If SD of 1st n natural numbers is 2, then the value of n must be

CA CPT Mock Test - 2 (Session 2) - Question 82

If SD of x is 3, What’s the variance of (5-2x) ?

CA CPT Mock Test - 2 (Session 2) - Question 83

The covariance between two variables is

CA CPT Mock Test - 2 (Session 2) - Question 84

The regression coefficients remain unchanged due to a

CA CPT Mock Test - 2 (Session 2) - Question 85

If cov(x, y) = 15, what restrictions should be put for the standard deviations of x and y?

CA CPT Mock Test - 2 (Session 2) - Question 86

If the sum of squares of difference of ranks, given by two judges A and B, of 8 students in 21, what is the value of rank correlation coefficient?

CA CPT Mock Test - 2 (Session 2) - Question 87

The odds in favour of an event is 2 : 3 and the odds against another event is 3 : 7. Find the probability that only one of the two events occurs.

CA CPT Mock Test - 2 (Session 2) - Question 88

If two events A and B are independent, then

CA CPT Mock Test - 2 (Session 2) - Question 89

If A, B and C are mutually exclusive and exhaustive events, then P(A) + P(B) + P(C)
equals to

CA CPT Mock Test - 2 (Session 2) - Question 90

Three dice are thrown. What’s the expected value of their product?

CA CPT Mock Test - 2 (Session 2) - Question 91

A bag Contains 3 white, 4 red and 5 Black balls. Three balls are drawn. The probabilitythat they are of each colour is

CA CPT Mock Test - 2 (Session 2) - Question 92

If x and y are independent random variables with standard deviation 2 and 3 then thestandard deviation of (X+Y) is

CA CPT Mock Test - 2 (Session 2) - Question 93

If the two quartiles of N (μ, σ2) are 14.6 and 25.4 respectively, what is the standarddeviation of the distribution?

CA CPT Mock Test - 2 (Session 2) - Question 94

If the points of inflexion of a normal curve are 40 and 60 respectively, then its mean deviation is

CA CPT Mock Test - 2 (Session 2) - Question 95

The criteria for an ideal estimator are

CA CPT Mock Test - 2 (Session 2) - Question 96

Standard error can be described as

CA CPT Mock Test - 2 (Session 2) - Question 97

As the sample size increases, standard error

CA CPT Mock Test - 2 (Session 2) - Question 98

Purchasing Power of Money is

CA CPT Mock Test - 2 (Session 2) - Question 99

Net monthly salary of an employee was Rs. 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowances to be paid to the employee is :

CA CPT Mock Test - 2 (Session 2) - Question 100

During the certain period the C.L.I. goes up from 110 to 200 and the Salary of a worker is also raised from 330 to 500, then the real terms is

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