CA - CPT ICAI Model Test Paper - 12 (Session - 2)


100 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA - CPT ICAI Model Test Paper - 12 (Session - 2)


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QUESTION: 1

What implication does resource scarcity have for the satisfaction of wants

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QUESTION: 2

Which of the following pairs of goods is an example of substitutes?

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QUESTION: 3

In the production of wheat, all of the following are variable factors that are used by the farmer except:

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QUESTION: 4

Which of the following statements is correct?

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QUESTION: 5

What is India’s rank in the world Population

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QUESTION: 6

Find the tax which is direct tax among the following:

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QUESTION: 7

Larger production of _________goods would lead to higher production in future.

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QUESTION: 8

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

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QUESTION: 9

____ is the apex bank for agriculture credit.

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QUESTION: 10

A situation of employment in which a person is apparently employed but his contribution to the production is almost nil is called _______unemployment.

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QUESTION: 11

According to the planning Commission, using Mixed Recall period (MRP) ______% people were below poverty line in 2011-12.

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QUESTION: 12

The economic analysis expects the consumer to behave in a manner which is:

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QUESTION: 13

After reaching the saturation point, consumption of additional units of the commodity cause:

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QUESTION: 14

Which of the following is not, by definition, equal to National Income?

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QUESTION: 15

Which of the following is not an objective of Fiscal policy:

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QUESTION: 16

The main objective of the World Trade Organisation is to secure among other:

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QUESTION: 17

Birth rate and Death rate are measured as per:

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QUESTION: 18

What is Bank Rate?

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QUESTION: 19

Which of the following statements is correct?

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QUESTION: 20

The green revolution is also known as:

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QUESTION: 21

Which of the following has been specifically established to meet the requirements of credit of the farmers and villages?

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QUESTION: 22

Per Capita national income means

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QUESTION: 23

Which of the following is also known as International Bank for Reconstruction and Development?

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QUESTION: 24

Who is the official lender of the last resort in India?

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QUESTION: 25

Three steel plants in Bhilai, Rourkela and Durgapur were set up in the ________.

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QUESTION: 26

If income elasticity for gel pen is 0.8, we can say that gel pen in economics sense is a/an

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QUESTION: 27

Which of the following in not a characteristic of a “price taker”?

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QUESTION: 28

Which cost increases continuously with the increase in production?

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QUESTION: 29

Which of the following statements is correct?

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QUESTION: 30

We can say Indian agriculture has become modern since:

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QUESTION: 31

Jet Airways and Spicejet are examples of:

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QUESTION: 32

All of the following statements except one are correct about the foreign trade policy, 2004-09. Identify the incorrect statement:

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QUESTION: 33

In order to encourage investment in the country, the RBI may:

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QUESTION: 34

Which of the following statements is incorrect?

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QUESTION: 35

_________expressed the view that “Economics is neutral between end”

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QUESTION: 36

On an average, one post office in India serves ________

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QUESTION: 37

______ is the Banker’s Bank in India.

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QUESTION: 38

In a typical demand schedule, quantity demanded:

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QUESTION: 39

All of the following are U shaped curved except the:

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QUESTION: 40

Production may be defined as an act of ________

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QUESTION: 41

Production may be defined as an act of ________

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QUESTION: 42

Supply of a commodity is a:

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QUESTION: 43

Which of the following is not microeconomic subject matter?

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QUESTION: 44

SJSRY stands for

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QUESTION: 45

Oil and Natural Gas Corporation Indian Oil Corporation, Steel Authority of India, and Bharat Heavy Electricals are all examples of

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QUESTION: 46

Money stock in India refers to:

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QUESTION: 47

Three methods of computing national income are __________

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QUESTION: 48

______ is a systematic record of all the economic transactions between one country and rest of the world.

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QUESTION: 49

If as a result of 10% increase in the price of apples, the quantity demanded decrease by 25%, the price elasticity is

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QUESTION: 50

Which of the following is correct?

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QUESTION: 51

Two numbers are in the ratio 7: 8. If 3 is added to each of them, their ratio becomes 8:9. The numbers are

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QUESTION: 52

If log10000 x = - 1/4, then the value of x is given by:

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QUESTION: 53

The four numbers ½, 1/3, 1/5, 1/x are proportional then x is

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QUESTION: 54

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QUESTION: 55

on simplification 

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QUESTION: 56

 log (m+n) = log m +log n, m can be expressed as :

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QUESTION: 57

Find positive value of the equation k for which the equations x2+kx+64= 0 and x2-8x+k = 0 will have real roots:

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QUESTION: 58

The equation of the straight line through the point of intersection of x+2y-5=0 and x-3y-7 = 0 and passing through the point (1, 0) is:

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QUESTION: 59

A man sells 6 radios and 4 televisions for Rs. 18, 480. If 14 radios and 2 televisions are sold for the same amount, what is the price of televisions?

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QUESTION: 60

The area of a triangle with vertices (1,3), (5,6) and ( -3,4) in terms of square units

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QUESTION: 61

Solution space of the inequalities 2x+y≤10 and x -y≤5 :
(i) includes the origin (ii) includes the point (4,3)

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QUESTION: 62

The rules and regulations demand that the employer should employ not more than 5 experienced handsto 1 fresh one and this fact is represented by (Taking experienced person as x and fresh person as y)

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QUESTION: 63

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QUESTION: 64

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QUESTION: 65

Then f(x) is

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QUESTION: 66

The sum of n terms of the series 3+33+333+……… to n terms

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QUESTION: 67

If 6 times the no. of permutations of n items taken 3 at a time is equal to 7 times the no. of Permutations of (n-1) items taken 3 at a time then the value of n will be

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QUESTION: 68

The number of arrangement of the letters of the word “COMMERCE”

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QUESTION: 69

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QUESTION: 70

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QUESTION: 71

Find the f o g for the functions f (x) =x2, g (x) = x+ 1

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QUESTION: 72

The number of proper subsets of the set {3, 4, 5, 6, 7} is

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QUESTION: 73

On the sets of lines in a plane the Relation “is perpendicular to” is

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QUESTION: 74

A sum of money placed at compound interest double itself in 3 years. In how many years will it amount to four times itself?

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QUESTION: 75

If an amount is kept at Simple Interest, it earns Rs.600 in first 2 years but when kept at Compound Interest it earns at interest of Rs.660 for the same period; then the rate of interest and principle amount respectively are

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QUESTION: 76

Which sample provides separate estimates for population means for different segments and also overall estimate?

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QUESTION: 77

According to Neyman’s allocation, in stratified sampling

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QUESTION: 78

from which graphical representation, we can calculate partition values?

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QUESTION: 79

The frequency of class 20-30 in the following data is

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QUESTION: 80

Which measure of dispersion is not affected in the presence of extreme observations?

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QUESTION: 81

if x and y are related as 3x + 4y = 20 and the quartile deviation of x in 12. Then the Quartile deviation of y is:

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QUESTION: 82

Two variables x and y satisfy the relation 3x - 2y - 25 = 0 the mode of x is 25. Then the mode of y is:

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QUESTION: 83

In the year 2010 the monthly salary was Rs. 24,000. The consumer price index number was 140 in the year 2010 which rises to 224 in the year 2016. If he has to be rightly compensated what additional monthly salary to be paid to him

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QUESTION: 84

Purchasing power of money is

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QUESTION: 85

If Rx and Ry denote ranges of x and y respectively where x and y are related 3x + 2y + 10 = 0, what would be the relation between x and y?

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QUESTION: 86

Two dice are thrown together. Find the probability of getting multiple of 2 on one dice and multiple of 3 on the other.

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QUESTION: 87

Which of the following regression equations represent regression equation line y on x :7x + 2Y + 15 = 0 and 2x + 5y +10 = 0

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QUESTION: 88

Geometric Mean of three observations 40, 50 and x is 10. The value of x

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QUESTION: 89

A parameter may be defined as a characteristic of a population based on ____

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QUESTION: 90

If a variate X has, Mean > Variance, then its distribution will be

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QUESTION: 91

If x is a poison variate with P(x=0) =P(x=2) =

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QUESTION: 92

The distribution of demand as follows. 

Then mean is given by

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QUESTION: 93

Sampling error is ____Proportional to the square root of the number of times in the sample.

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QUESTION: 94

If Ram and Sita are applied for 2 vacancies in the post. The probability that brother will select is 1/7 and that of Sita is 1/5 then then the probability that (i) Both will select (ii) one will select and (iii) none o f them will select. 

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QUESTION: 95

The criteria for an ideal estimator are

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QUESTION: 96

If the Population of SD is known to be 5 for a population containing 80 units, then the standard error of sample mean for a sample size of 25 without replacement is.

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QUESTION: 97

If the profits of a company remain the same for last ten months, then the standard deviation of profits for these ten months would be?

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QUESTION: 98

If the S.D of X is 3, what is the variance of (5-2x)?

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QUESTION: 99

What is the number of trials with parameter 15 and 1/3, what is the value of the mode of the distribution.

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QUESTION: 100

If the mean deviation of normal variable is 16, what is the quartile deviation.

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