Sample Paper Series- I
100 Questions MCQ Test Mock Tests & Past Year Papers for CA Foundation | Sample Paper Series- I
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In the case of a straight line demand curve meeting the two axes, the price elasticity of demand at y-axis of the line would be equal to
A firm under perfect competition will be making minimum losses (in the short run) at a point where:
When the consumer is in equilibrium his price line is ______ to indifference curve
The Law of variable proportions examines the Production function with:
MR curve under Monopoly lies between AR and Y – axis because, the rate of decline of the MR is
In the long run, normal profits are included in the ______ curve.
Calculate Income-elasticity for the household when the income of a household rises by 10% the demand for T.V. rises by 20%
In case of necessaries the marginal utilities of the earlier units are large. In such cases the consumer surplus will be:
Which of the following is not the characteristic of Labour?
A firm has producing 7 units of output has an average total cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production whether it produces or not. How much of the average total cost is made up of variable cost?
Total cost = 7×150=1,0507×150=1,050
Total variable cost = 1,050−350=7001,050−350=700
Variable cost per unit = 700/7=100
Calculate Income-elasticity for the household when the income of a household rises by 5% and the demand for bajra falls by 2%
The cost that firm incurs in hiring or purchasing any factor of production is referred as:
___________ depicts complete picture of consumer tastes and preferences.
When economists speak of utility of a certain good, they are referring to:
If the goods are perfect substitutes for each other then cross elasticity is
When price is less than average variable cost at the profit maximizing level of output, a firm should :
Which economy is now a myth only, as no country in the world is having that type of economy?
Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees
Q. If Sandwiches are being sold for Rs. 14 each, what is Mohan’s profit maximizing level of output?
Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees
Q. What is the total variable cost when 60 sandwich are produced?
Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees
Q. What is the average fixed cost when 20 sandwiches are produced?
Mohan sweets is a small restaurant and a price taker. The table below provides the data of Mohan’s Sandwich output and costs in Rupees
Q. Between 10 to 20 sandwiches, what is the marginal cost per sandwich?
Q. If decreasing returns to scale are present, then if all inputs are increased by 10% then:
Q. If two goods are complementary, like pen and ink, then the cross elasticity is:
Q. If the price of Banana rises from Rs. 30 per dozen to Rs. 40 per dozen and the supply increases from 240 dozen to 300 dozens elasticity of supply is:
Q. If as a result of 90 percent increase in all inputs, the output increase by 75 percent this is a case of
Q. Excess Capacity is the essential characteristic of the firm in the market form of:
Q. If a good is priced at Rs. 180 p.u. and its price is increased to Rs. 240 p.u. Now suppose quantity demanded previously was 100 units and as a result of price increase, the quantity demanded fell to 80 units. What is the price elasticity?
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is:
Lesser production of ________ would lead to lesser production in future
A condition needed for a perfectly competitive industry to exist is that:
If the price of petrol rises by 25% and demand for car falls by 40% then, cross elasticity between petrol and car is:
Assume that when price is Rs. 40 quantity demanded is 9 units, and when price is Rs. 38, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
Which of the following is not a variable in the index of leading indicators?
When aggregate economic activity is increasing the economy is said to be in
Larsen & Toubro ranked ----------- on Forbes World’s Best Employer’s List 2018.
Identify the one which may be considered as a public policy:
Who was the regulatory body for controlling financial affairs in India before SEBI?
Which of the following statements distinguishes business from entrepreneurship?
Which pharmaceutical company has the slogan ‘caring for life’?
A portion of the after investment is: ‐tax profits paid out to the owners of a business as a return on their investment is:
Which of the following is NOT an economic objective of the firm?
Who is the present CFO of Adani Ports and Special Economic Zone Limited?
Economic Reforms introduced in India in 1992 are called LPG, that refers to
Setting low prices in order to discourage or deter potential new entrants to the suppliers market:
The Indian Companies Act, 2013 provides for the registration of:
The businesses should continuously ________ and _________ to the environment if it is to service and prosper.
Which company ranked 1st in Fortune 500 Companies list in 2018?
Correct Answer :- b
Explanation : Survey of 2018,
The term PESTLE analysis is used to describe a framework for analyzing:
Simplification of trade restrictions related to import is an example of:
The RBI has been vested with extensive power to control and supervise commercial banking system under the-
______ is a strategy that is used to minimize the risk of a particular investment and maximize the returns of an investment.
In the Forbes World’s Largest Public Corporations List 2018, APPLE ranked:
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