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


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100 Questions MCQ Test | CA - CPT ICAI Model Test Paper - 12 (Session - 2)

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CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 1

What implication does resource scarcity have for the satisfaction of wants

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 3

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 4

Which of the following statements is correct?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 5

What is India’s rank in the world Population

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 6

Find the tax which is direct tax among the following:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 7

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 8

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 9

____ is the apex bank for agriculture credit.

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 11

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

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 13

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 14

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 15

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 16

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 17

Birth rate and Death rate are measured as per:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 18

What is Bank Rate?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 19

Which of the following statements is correct?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 20

The green revolution is also known as:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 21

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 22

Per Capita national income means

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 23

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 24

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 25

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 26

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 27

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 28

Which cost increases continuously with the increase in production?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 29

Which of the following statements is correct?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 30

We can say Indian agriculture has become modern since:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 31

Jet Airways and Spicejet are examples of:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 32

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 33

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 34

Which of the following statements is incorrect?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 35

_________expressed the view that “Economics is neutral between end”

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 36

On an average, one post office in India serves ________

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 37

______ is the Banker’s Bank in India.

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 38

In a typical demand schedule, quantity demanded:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 39

All of the following are U shaped curved except the:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 40

Production may be defined as an act of ________

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 41

Production may be defined as an act of ________

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 42

Supply of a commodity is a:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 43

Which of the following is not microeconomic subject matter?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 44

SJSRY stands for

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 45

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 46

Money stock in India refers to:

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 47

Three methods of computing national income are __________

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 48

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 49

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 50

Which of the following is correct?

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 52

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 53

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 54

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 55

on simplification 

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 56

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

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

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 60

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 61

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 63

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 64

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 65

Then f(x) is

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 66

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 68

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 69

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 70

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 71

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 72

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 73

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

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 76

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 77

According to Neyman’s allocation, in stratified sampling

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 78

from which graphical representation, we can calculate partition values?

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 79

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 80

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

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

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 84

Purchasing power of money is

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 87

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 88

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 89

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 90

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 91

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 92

The distribution of demand as follows. 

Then mean is given by

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 93

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 95

The criteria for an ideal estimator are

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

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 98

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 99

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

CA - CPT ICAI Model Test Paper - 12 (Session - 2) - Question 100

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

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