Sample Paper Series- II


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


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

In the long run under which competition a firm may earn super normal profits?

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QUESTION: 2

In Law of negative returns (Third stage of Law of variable proportions)

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QUESTION: 3

Supply of a good and its price have

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QUESTION: 4

If firm ’s average cost curve is falling then marginal curve must be:

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QUESTION: 5

An expansion in the supply of a good is caused by a:

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QUESTION: 6

Which of the following has the lowest price elasticity of supply?

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QUESTION: 7

In Economics, the central economic problem means:

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QUESTION: 8

The law of scarcity

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QUESTION: 9

For the prices- taking firm :

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QUESTION: 10

A monopolist is able to maximize his profits when:

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QUESTION: 11

In Imperfect competition:

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QUESTION: 12

Product differentiation is the most important feature of:

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QUESTION: 13

Relationship between AR, MR and Price elasticity of demand is

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QUESTION: 14

In a perfectly competitive firm, MC curve above AVC is the _____ Curve of the firm

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QUESTION: 15

Questions like what should be the level of national inc om e, what should be the wage rate fall within the scope of:

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QUESTION: 16

Which of the following is not one of the features of capitalist economy?

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QUESTION: 17

Which is not the assumption of Indifference curve Analysis?

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QUESTION: 18

The horizontal demand curve parallel to x-axis implies that the elasticity of demand is 

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QUESTION: 19

When is TP maximum

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QUESTION: 20

Variable cost includes the cost of

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QUESTION: 21

Which of the following is correct?

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QUESTION: 22

When average cost curve is rising then, marginal cost

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QUESTION: 23

A firm has variable cost of Rs. 1,000 at 5 units of output. If fixed cost are Rs. 400, what will be the average total cost at 5 units of output?

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QUESTION: 24

The vertical difference between TVC and TC is equal to:

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QUESTION: 25

The consumer is in equilibrium when:

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QUESTION: 26

Capital is a :

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QUESTION: 27

Which is not the function of an entrepreneur?

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QUESTION: 28

A higher indifference curve shows:

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QUESTION: 29

In case of an inferior good the income elasticity of demand is:

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QUESTION: 30

When quantity demanded changes by larger percentage than does price, elasticity is termed as:

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QUESTION: 31

Marginal cost is defined as:

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QUESTION: 32

Indifference curve is convex to the origin due to:

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QUESTION: 33

Which of the following is not included in the stages of capital formation?

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QUESTION: 34

We mainly study the following in Micro Economics:

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QUESTION: 35

In perfect competition in the long run there will be ___________

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QUESTION: 36

A firm encounters its shut down point when:

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QUESTION: 37

In which form of the market structure is the degree of control over the price of its product by a firm is very large?

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QUESTION: 38

Which of the following statements is correct?

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QUESTION: 39

An economy achieves “productive efficiency” when:

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QUESTION: 40

If the proportion of income spent on a goods decrease as income rises then income elasticity is:

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QUESTION: 41

If two goods are totally unrelated, then cross elasticity between them is:

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QUESTION: 42

Which of the following is considered production in Economics?

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QUESTION: 43


A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. ​When production is 40 units, the average cost is:

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QUESTION: 44


A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. ​In the table, marginal cost per unit that corresponds to 40 units of production is:

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QUESTION: 45


A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. To maximize profit the firm should produce:

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QUESTION: 46


A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. If the market price drops from Rs. 100 to Rs. 56 per unit, the firm’s short run response should be

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QUESTION: 47

The LAC curve

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QUESTION: 48

When we are studying how a producer fixes the price of his products we are studying

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QUESTION: 49

Macro economics doesn’t include one example from the following:

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QUESTION: 50

Normal goods have:

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QUESTION: 51

__________ is an implicit cost of production

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QUESTION: 52

Cardinal Measurability of utility means:

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QUESTION: 53

Which of the following statement is false?

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QUESTION: 54

Identify the factor which generally keeps the price-elasticity of a demand for a good high.

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QUESTION: 55

Under which market structure, the control of firm over price is nil?

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QUESTION: 56

If as a result of 80 percent increase in all inputs, the output increases by 25 percent, this is a case of:

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QUESTION: 57

When marginal product is negative, then total product is:

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QUESTION: 58

Suppose that an owner is earning total revenue of Rs. 1,00,000 and is increasing explicit cost of Rs. 60,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude that:

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QUESTION: 59

The four phases of the business cycle are

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QUESTION: 60

Peaks and troughs of the business cycle are collectively known as:

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QUESTION: 61

The occupation in which people work for others and get remunerated in return is known as:

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QUESTION: 62

The price sensitivity of the market is an important factor of which element of Micro environment:

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QUESTION: 63

Jayesh Merchant is the CFO of which company?

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QUESTION: 64

Which of the following institutions has been scrapped recently?

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QUESTION: 65

When was IRDAI constituted?

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QUESTION: 66

‘Personal selling’ is done through:

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QUESTION: 67

The Indian Companies Act provides for the registration of:

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QUESTION: 68

Environment which is close to business and affect its capacity to work is known as _______ environment:

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QUESTION: 69

Where are the headquarters of Walmart?

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QUESTION: 70

In case of Maruti–Suzuki, the Union Governm ent surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of:

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QUESTION: 71

Where is the headquater of NABARD?

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QUESTION: 72

Bid is the opposite of

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QUESTION: 73

Mark Incorrect:

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QUESTION: 74

Which of the following constitute Demographic Environment?

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QUESTION: 75

Match the following: 

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QUESTION: 76

Mark the Incorrect statement:

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QUESTION: 77

Which one is Not a function of RBI?

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QUESTION: 78

Marketing mix includes 4 Ps and 4Cs.  Match the following and prepare the proper combinations:

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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 maximum number of members of a public company is:

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QUESTION: 86

What is the single word that can best describe today’s business?

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QUESTION: 87

Who was the co-founder of Microsoft with Bill Gates?

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QUESTION: 88

BRICS stands for:

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QUESTION: 89

Which one of the following is an Indian Regulatory Body that facilitates business organizations?

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QUESTION: 90

When two or more companies come together to expand their business operations in a newly created entity.

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QUESTION: 91

Mark the Correct:

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QUESTION: 92

PESTLE refers to:

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QUESTION: 93

Which company ranked 3rd on Forbes World’s Best Employer’s List 2018?

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QUESTION: 94

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

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QUESTION: 95

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

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QUESTION: 96

What is consolidation?

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QUESTION: 97

Which of the following statements distinguishes business from entrepreneurship?

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QUESTION: 98

Business and technology are:

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QUESTION: 99

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

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QUESTION: 100

Public policies are of three types:

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