Sample Paper Series- I


100 Questions MCQ Test Mock Tests & Past Year Papers for CA Foundation | Sample Paper Series- I


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This mock test of Sample Paper Series- I for CA Foundation helps you for every CA Foundation entrance exam. This contains 100 Multiple Choice Questions for CA Foundation Sample Paper Series- I (mcq) to study with solutions a complete question bank. The solved questions answers in this Sample Paper Series- I quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Sample Paper Series- I exercise for a better result in the exam. You can find other Sample Paper Series- I extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

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

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QUESTION: 2

A firm under perfect competition will be making minimum losses (in the short run) at a point where:

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QUESTION: 3

When the consumer is in equilibrium his price line is ______ to indifference curve

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QUESTION: 4

The Law of variable proportions examines the Production function with:

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QUESTION: 5

Indifference Curve analysis is based on

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QUESTION: 6

MC curve cuts AVC Curve

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QUESTION: 7

Accounting profit is equal to:

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QUESTION: 8

Which of the following is a cause of an economic problem?

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QUESTION: 9

When two goods are perfect substitutes of each other then

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QUESTION: 10

In case of a Giffen good, the demand curve will be:

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QUESTION: 11

Which of the following statements is incorrect?

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QUESTION: 12

In perfect competition utilization of resources is

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QUESTION: 13

Price discrimination occurs when:

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QUESTION: 14

MR curve under Monopoly lies between AR and Y – axis because, the rate of decline of the MR is

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QUESTION: 15

In the long run, normal profits are included in the ______ curve.

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QUESTION: 16

Calculate Income-elasticity for the household when the income of a household rises by 10% the demand for T.V. rises by 20%

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QUESTION: 17

In case of necessaries the marginal utilities of the earlier units are large. In such cases the consumer surplus will be:

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QUESTION: 18

Which of the following is not the characteristic of Labour?

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QUESTION: 19

Indicate which of the following is a variable cost?

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QUESTION: 20

Marginal costs are closely associated with:

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QUESTION: 21

Economic cost means

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QUESTION: 22

When is average product at its maximum point?

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QUESTION: 23

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?

Solution:

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

QUESTION: 24

Calculate Income-elasticity for the household when the income of a household rises by 5% and the demand for bajra falls by 2%

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QUESTION: 25

The consumer surplus concept is derived from:

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QUESTION: 26

The cost that firm incurs in hiring or purchasing any factor of production is referred as:

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QUESTION: 27

___________ depicts complete picture of consumer tastes and preferences.

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QUESTION: 28

When economists speak of utility of a certain good, they are referring to:

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QUESTION: 29

Diminishing marginal returns imply:

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QUESTION: 30

If the goods are perfect substitutes for each other then cross elasticity is

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QUESTION: 31

Consumer Surplus is:

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QUESTION: 32

Which of the following statements is correct?

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QUESTION: 33

Soap industry is an example of:

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QUESTION: 34

When price is less than average variable cost at the profit maximizing level of output, a firm should :

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QUESTION: 35

For the Price taking firm:

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QUESTION: 36

Economic goods are goods which:

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QUESTION: 37

Which of the following means an Economic activity?

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QUESTION: 38

Which economy is now a myth only, as no country in the world is having that type of economy?

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QUESTION: 39

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?

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QUESTION: 40

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?

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QUESTION: 41

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?

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QUESTION: 42

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?

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QUESTION: 43

Q. If decreasing returns to scale are present, then if all inputs are increased by 10% then:

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QUESTION: 44

Q. Effective Demand depends on:

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QUESTION: 45

Q. Quantity demanded is a:

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QUESTION: 46

Q. If two goods are complementary, like pen and ink, then the cross elasticity is:

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QUESTION: 47

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:

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QUESTION: 48

Q. If as a result of 90 percent increase in all inputs, the output increase by 75 percent this is a case of

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QUESTION: 49

Q. At shut down point:

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QUESTION: 50

Q. Excess Capacity is the essential characteristic of the firm in the market form of:

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QUESTION: 51

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?

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QUESTION: 52

Q. Macroeconomics is the study of:

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QUESTION: 53

All of the following are U-shaped curves except the:

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QUESTION: 54

A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is:

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QUESTION: 55

Lesser production of ________ would lead to lesser production in future

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QUESTION: 56

A condition needed for a perfectly competitive industry to exist is that:

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QUESTION: 57

If the price of petrol rises by 25% and demand for car falls by 40% then, cross elasticity between petrol and car is:

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QUESTION: 58

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?

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QUESTION: 59

Which of the following is not a variable in the index of leading indicators?

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QUESTION: 60

When aggregate economic activity is increasing the economy is said to be in

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QUESTION: 61

Mark the Correct:

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QUESTION: 62

PESTLE refers to:

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QUESTION: 63

Larsen & Toubro ranked ----------- on Forbes World’s Best Employer’s List 2018.

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QUESTION: 64

Identify the one which may be considered as a public policy:

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QUESTION: 65

Who was the regulatory body for controlling financial affairs in India before SEBI?

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QUESTION: 66

What is consolidation?  

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QUESTION: 67

Which of the following statements distinguishes business from entrepreneurship?

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QUESTION: 68

Business and technology are:

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QUESTION: 69

Which pharmaceutical company has the slogan ‘caring for life’?

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QUESTION: 70

Public policies are of three types:

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QUESTION: 71

How many members of SEBI should be from RBI?

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QUESTION: 72

A portion of the after investment is: ‐tax profits paid out to the owners of a business as a return on their investment is: 

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QUESTION: 73

Which of the following is NOT an economic objective of the firm?

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QUESTION: 74

Mark incorrect: Partnership implies

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QUESTION: 75

Who is the present CFO of Adani Ports and Special Economic Zone Limited?

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QUESTION: 76

Which of the following statements about RBI is incorrect?

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QUESTION: 77

Economic Reforms introduced in India in 1992 are called LPG, that refers to

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QUESTION: 78

Setting low prices in order to discourage or deter potential new entrants to the suppliers market:

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QUESTION: 79

Find out the incorrect:

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QUESTION: 80

SWOT refers to:

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QUESTION: 81

Which one of the following is NOT a FMCG company?  

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QUESTION: 82

Mark incorrect as Globalization refers to:

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QUESTION: 83

Which of the following is NOT a function of RBI?

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QUESTION: 84

Which of the following is incorrect?

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QUESTION: 85

The Indian Companies Act, 2013 provides for the registration of:

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QUESTION: 86

The businesses should continuously ________ and _________ to the environment if it is to service and prosper.

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QUESTION: 87

Which company ranked 1st in Fortune 500 Companies list in 2018?

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QUESTION: 88

Reforms in Dowry Act and Divorce Act are the examples of:

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QUESTION: 89

Where can the first appeal against SEBI be made?

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QUESTION: 90

Which one is not correct about Bank rate?

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QUESTION: 91

A HUF cannot comprise members of a:

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QUESTION: 92

The term PESTLE analysis is used to describe a framework for analyzing:

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QUESTION: 93

Indane LPG is the product of which corporation in India?

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QUESTION: 94

Simplification of trade restrictions related to import is an example of:

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QUESTION: 95

The RBI has been vested with extensive power to control and supervise commercial banking system under the-

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QUESTION: 96

______ is a strategy that is used to minimize the risk of a particular investment and maximize the returns of an investment.

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QUESTION: 97

Under the income tax Act, A HUF cannot earn income from:

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QUESTION: 98

Which of the following is an economic activity:

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QUESTION: 99

In the Forbes World’s Largest Public Corporations List 2018, APPLE ranked:

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QUESTION: 100

Identify the sector where, FDI is NOT permitted:

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