Sample Paper Series- II

# Sample Paper Series- II - CA Foundation

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

Sample Paper Series- II for CA Foundation 2023 is part of Mock Tests & Past Year Papers for CA Foundation preparation. The Sample Paper Series- II questions and answers have been prepared according to the CA Foundation exam syllabus.The Sample Paper Series- II MCQs are made for CA Foundation 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Sample Paper Series- II below.
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Sample Paper Series- II - Question 1

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

Sample Paper Series- II - Question 2

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

Sample Paper Series- II - Question 3

### Supply of a good and its price have

Sample Paper Series- II - Question 4

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

Sample Paper Series- II - Question 5

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

Sample Paper Series- II - Question 6

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

Sample Paper Series- II - Question 7

In Economics, the central economic problem means:

Sample Paper Series- II - Question 8

The law of scarcity

Sample Paper Series- II - Question 9

For the prices- taking firm :

Sample Paper Series- II - Question 10

A monopolist is able to maximize his profits when:

Sample Paper Series- II - Question 11

In Imperfect competition:

Sample Paper Series- II - Question 12

Product differentiation is the most important feature of:

Sample Paper Series- II - Question 13

Relationship between AR, MR and Price elasticity of demand is

Sample Paper Series- II - Question 14

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

Sample Paper Series- II - 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:

Sample Paper Series- II - Question 16

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

Sample Paper Series- II - Question 17

Which is not the assumption of Indifference curve Analysis?

Sample Paper Series- II - Question 18

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

Sample Paper Series- II - Question 19

When is TP maximum

Sample Paper Series- II - Question 20

Variable cost includes the cost of

Sample Paper Series- II - Question 21

Which of the following is correct?

Sample Paper Series- II - Question 22

When average cost curve is rising then, marginal cost

Sample Paper Series- II - 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?

Sample Paper Series- II - Question 24

The vertical difference between TVC and TC is equal to:

Sample Paper Series- II - Question 25

The consumer is in equilibrium when:

Sample Paper Series- II - Question 26

Capital is a :

Sample Paper Series- II - Question 27

Which is not the function of an entrepreneur?

Sample Paper Series- II - Question 28

A higher indifference curve shows:

Sample Paper Series- II - Question 29

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

Sample Paper Series- II - Question 30

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

Sample Paper Series- II - Question 31

Marginal cost is defined as:

Sample Paper Series- II - Question 32

Indifference curve is convex to the origin due to:

Sample Paper Series- II - Question 33

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

Sample Paper Series- II - Question 34

We mainly study the following in Micro Economics:

Sample Paper Series- II - Question 35

In perfect competition in the long run there will be ___________

Sample Paper Series- II - Question 36

A firm encounters its shut down point when:

Sample Paper Series- II - 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?

Sample Paper Series- II - Question 38

Which of the following statements is correct?

Sample Paper Series- II - Question 39

An economy achieves “productive efficiency” when:

Sample Paper Series- II - Question 40

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

Sample Paper Series- II - Question 41

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

Sample Paper Series- II - Question 42

Which of the following is considered production in Economics?

Sample Paper Series- II - 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:

Sample Paper Series- II - 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:

Sample Paper Series- II - 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:

Sample Paper Series- II - 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

Sample Paper Series- II - Question 47

The LAC curve

Sample Paper Series- II - Question 48

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

Sample Paper Series- II - Question 49

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

Sample Paper Series- II - Question 50

Normal goods have:

Sample Paper Series- II - Question 51

__________ is an implicit cost of production

Sample Paper Series- II - Question 52

Cardinal Measurability of utility means:

Sample Paper Series- II - Question 53

Which of the following statement is false?

Sample Paper Series- II - Question 54

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

Sample Paper Series- II - Question 55

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

Sample Paper Series- II - Question 56

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

Sample Paper Series- II - Question 57

When marginal product is negative, then total product is:

Sample Paper Series- II - 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:

Sample Paper Series- II - Question 59

The four phases of the business cycle are

Sample Paper Series- II - Question 60

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

Sample Paper Series- II - Question 61

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

Sample Paper Series- II - Question 62

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

Sample Paper Series- II - Question 63

Jayesh Merchant is the CFO of which company?

Sample Paper Series- II - Question 64

Which of the following institutions has been scrapped recently?

Detailed Solution for Sample Paper Series- II - Question 64

In 2014, Narendra Modi government decided to wind down the Planning Commission. It was replaced by the newly formed NITI Aayog to better represent the present needs and aspirations of people of India.

Sample Paper Series- II - Question 65

When was IRDAI constituted?

Sample Paper Series- II - Question 66

‘Personal selling’ is done through:

Sample Paper Series- II - Question 67

The Indian Companies Act provides for the registration of:

Sample Paper Series- II - Question 68

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

Detailed Solution for Sample Paper Series- II - Question 68

Close environment for any business is micro(small) environment and due to this it have a great impact on business which affects it's capacity to work .

Sample Paper Series- II - Question 69

Where are the headquarters of Walmart?

Sample Paper Series- II - 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:

Sample Paper Series- II - Question 71

Where is the headquater of NABARD?

Sample Paper Series- II - Question 72

Bid is the opposite of

Sample Paper Series- II - Question 73

Mark Incorrect:

Sample Paper Series- II - Question 74

Which of the following constitute Demographic Environment?

Sample Paper Series- II - Question 75

Match the following: Sample Paper Series- II - Question 76

Mark the Incorrect statement:

Sample Paper Series- II - Question 77

Which one is Not a function of RBI?

Sample Paper Series- II - Question 78

Marketing mix includes 4 Ps and 4Cs.  Match the following and prepare the proper combinations: Sample Paper Series- II - Question 79

Find out the incorrect:

Sample Paper Series- II - Question 80

SWOT refers to:

Sample Paper Series- II - Question 81

Which one of the following is NOT a FMCG company?

Sample Paper Series- II - Question 82

Mark incorrect as Globalization refers to:

Sample Paper Series- II - Question 83

Which of the following is NOT a function of RBI?

Sample Paper Series- II - Question 84

Which of the following is incorrect?

Sample Paper Series- II - Question 85

The maximum number of members of a public company is:

Sample Paper Series- II - Question 86

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

Sample Paper Series- II - Question 87

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

Sample Paper Series- II - Question 88

BRICS stands for:

Sample Paper Series- II - Question 89

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

Sample Paper Series- II - Question 90

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

Sample Paper Series- II - Question 91

Mark the Correct:

Sample Paper Series- II - Question 92

PESTLE refers to:

Sample Paper Series- II - Question 93

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

Sample Paper Series- II - Question 94

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

Sample Paper Series- II - Question 95

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

Sample Paper Series- II - Question 96

What is consolidation?

Sample Paper Series- II - Question 97

Which of the following statements distinguishes business from entrepreneurship?

Sample Paper Series- II - Question 98

Sample Paper Series- II - Question 99

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

Sample Paper Series- II - Question 100

Public policies are of three types:

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