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Test: Business Economics - 2 - CA Foundation MCQ


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

Test: Business Economics - 2 for CA Foundation 2024 is part of Business Economics for CA Foundation preparation. The Test: Business Economics - 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Business Economics - 2 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Economics - 2 below.
Solutions of Test: Business Economics - 2 questions in English are available as part of our Business Economics for CA Foundation for CA Foundation & Test: Business Economics - 2 solutions in Hindi for Business Economics for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Business Economics - 2 | 25 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Business Economics for CA Foundation for CA Foundation Exam | Download free PDF with solutions
Test: Business Economics - 2 - Question 1

Which of the following taxes are difficult to evade?

Test: Business Economics - 2 - Question 2

Abolition of intermediaries and tenancy reforms are the examples of

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Test: Business Economics - 2 - Question 3

Which of the following is a tangible wealth?

Test: Business Economics - 2 - Question 4

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

Test: Business Economics - 2 - Question 5

The Indian economy is a ________ economy.

Test: Business Economics - 2 - Question 6

FERA was replaced by FEMA in the year 

Test: Business Economics - 2 - Question 7

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

Test: Business Economics - 2 - Question 8

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

Test: Business Economics - 2 - Question 9

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

Test: Business Economics - 2 - Question 10

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

Test: Business Economics - 2 - Question 11

The period of the eleventh five year plan is/was 

Test: Business Economics - 2 - Question 12

As long as the average production is rising, the

Test: Business Economics - 2 - Question 13

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

Test: Business Economics - 2 - Question 14

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

Test: Business Economics - 2 - Question 15

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

Test: Business Economics - 2 - Question 16

In a ________ budget, revenues are less than expenditures.

Test: Business Economics - 2 - Question 17

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

Test: Business Economics - 2 - Question 18

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

Test: Business Economics - 2 - Question 19

Which of the following is an example of implicit cost?

Detailed Solution for Test: Business Economics - 2 - Question 19

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.

Test: Business Economics - 2 - Question 20

Economic cost includes

Test: Business Economics - 2 - Question 21

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

Test: Business Economics - 2 - Question 22

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

Test: Business Economics - 2 - Question 23

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

Test: Business Economics - 2 - Question 24

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

Test: Business Economics - 2 - Question 25

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

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