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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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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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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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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