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CA CPT Mock Test - 1 (Session 2)


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100 Questions MCQ Test | CA CPT Mock Test - 1 (Session 2)

CA CPT Mock Test - 1 (Session 2) for CA CPT 2022 is part of CA CPT preparation. The CA CPT Mock Test - 1 (Session 2) questions and answers have been prepared according to the CA CPT exam syllabus.The CA CPT Mock Test - 1 (Session 2) MCQs are made for CA CPT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CA CPT Mock Test - 1 (Session 2) below.
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CA CPT Mock Test - 1 (Session 2) - Question 1

Economics is the study of

CA CPT Mock Test - 1 (Session 2) - Question 2

The opportunity cost of a good is

CA CPT Mock Test - 1 (Session 2) - Question 3

A market can accurately be described as

CA CPT Mock Test - 1 (Session 2) - Question 4

Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:

CA CPT Mock Test - 1 (Session 2) - Question 5

In the mixed economy

CA CPT Mock Test - 1 (Session 2) - Question 6

Normative economics forms ___________ based on _____________

CA CPT Mock Test - 1 (Session 2) - Question 7

Microeconomics is concerned with

CA CPT Mock Test - 1 (Session 2) - Question 8

 Macroeconomics is the study of ___________________

CA CPT Mock Test - 1 (Session 2) - Question 9

A real value can be derived from a nominal value by

CA CPT Mock Test - 1 (Session 2) - Question 10

The equilibrium price clears the market; it is the price at which ________ _________

CA CPT Mock Test - 1 (Session 2) - Question 11

When a market is in equilibrium

CA CPT Mock Test - 1 (Session 2) - Question 12

________ and ________ do not directly affect the demand curve

CA CPT Mock Test - 1 (Session 2) - Question 13

If price increase of good A increases the quantity demanded of good B, then good B is a

CA CPT Mock Test - 1 (Session 2) - Question 14

An increase in consumer income will increase demand for a _______ but decrease demand for a _________

CA CPT Mock Test - 1 (Session 2) - Question 15

What is the best indicator of economic development of any country?

CA CPT Mock Test - 1 (Session 2) - Question 16

Who is called the father of Operation Flood in India?

CA CPT Mock Test - 1 (Session 2) - Question 17

Which of the following is not a Kharif Crop?

CA CPT Mock Test - 1 (Session 2) - Question 18

The concept of Economic Planning in India is derived from?

CA CPT Mock Test - 1 (Session 2) - Question 19

Which round of discussion replaced the GATT by World Trade Organisation (WTO)?

CA CPT Mock Test - 1 (Session 2) - Question 20

Which of the following is used to denote broad money?

CA CPT Mock Test - 1 (Session 2) - Question 21

Which of the following is a direct tax?

CA CPT Mock Test - 1 (Session 2) - Question 22

Which of the following is not the function of RBI?

CA CPT Mock Test - 1 (Session 2) - Question 23

 What is the meaning of Fiscal policy?

CA CPT Mock Test - 1 (Session 2) - Question 24

 When AR = Rs. 10 and AC = Rs. 8 the firm makes ___________.

CA CPT Mock Test - 1 (Session 2) - Question 25

Which bank among the following is responsible for issuing currency notes in India?

CA CPT Mock Test - 1 (Session 2) - Question 26

The unsustainable levels of government deficits in the late 1980’s increased because of:

CA CPT Mock Test - 1 (Session 2) - Question 27

Relationship between AR, MR and Price elasticity of demand is

CA CPT Mock Test - 1 (Session 2) - Question 28

Which of the following sector does not comes under the service sector in India?

CA CPT Mock Test - 1 (Session 2) - Question 29

Since when the service tax is being imposed in India?

CA CPT Mock Test - 1 (Session 2) - Question 30

Balance of payment consists of:

CA CPT Mock Test - 1 (Session 2) - Question 31

 What is the meaning of GILT- EDGED market?

CA CPT Mock Test - 1 (Session 2) - Question 32

Devaluation of a currency means:

CA CPT Mock Test - 1 (Session 2) - Question 33

Who is the father of green revolution in India?

CA CPT Mock Test - 1 (Session 2) - Question 34

Which of the following is not a part of Fiscal policy?

CA CPT Mock Test - 1 (Session 2) - Question 35

Which sector provides largest employment in India?

CA CPT Mock Test - 1 (Session 2) - Question 36

Which of the following banks introduced ATM in India?

CA CPT Mock Test - 1 (Session 2) - Question 37

In which year did India adopt liberal and free market policies?

CA CPT Mock Test - 1 (Session 2) - Question 38

When was Value added Tax introduced in India?

CA CPT Mock Test - 1 (Session 2) - Question 39

National Income is equal to :

CA CPT Mock Test - 1 (Session 2) - Question 40

In macro-economics, disposable income refers to:

CA CPT Mock Test - 1 (Session 2) - Question 41

 In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?

Detailed Solution for CA CPT Mock Test - 1 (Session 2) - Question 41

On July 24, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the Industrial Structure of the country that had developed in 4 decades; raise industrial efficiency to the international level; and accelerate industrial growth.
The number of industries reserved for public sector was reduced from 17 (as per 1956 policy) to only 8 industries viz. Arms and Ammunition, Atomic Energy, Coal, Mineral Oil,  Mining of Iron Ore, Manganese Ore, Gold, Silver, Mining of Copper, Lead, Zinc, Atomic Minerals and Railways
Currently only two categories from the above viz. atomic energy and Railways are reserved for public sector.

CA CPT Mock Test - 1 (Session 2) - Question 42

In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?

CA CPT Mock Test - 1 (Session 2) - Question 43

About 96 percent of the sick units in India are _______ units.

CA CPT Mock Test - 1 (Session 2) - Question 44

India’s present population in 2010 is:

CA CPT Mock Test - 1 (Session 2) - Question 45

Which of the following statement is correct?

CA CPT Mock Test - 1 (Session 2) - Question 46

For inferior commodities, income effect is—

CA CPT Mock Test - 1 (Session 2) - Question 47

“Human Welfare is the subject of Economics.” This statement is a ssociated with the name of which of the economists?

CA CPT Mock Test - 1 (Session 2) - Question 48

 The Slope of Indifference Curve indicates

CA CPT Mock Test - 1 (Session 2) - Question 49

 In perfect competition the firm’s _________ above AVC has the identical shape of the firm’s supply curve

CA CPT Mock Test - 1 (Session 2) - Question 50

Model of Monopolistic Competition (i.e Imperfect competition) is characterized by

CA CPT Mock Test - 1 (Session 2) - Question 51

The integral part of a logarithm is called ____, and the decimal part of a logarithm is called _____.

CA CPT Mock Test - 1 (Session 2) - Question 52

The value of 

CA CPT Mock Test - 1 (Session 2) - Question 53

 If log 4 (x2 + 4) - log 4(x + 1) = 2 then the value of x is

CA CPT Mock Test - 1 (Session 2) - Question 54

If a line passes through the midpoint of the line segment joining the points ( -3, -4) & (-5, 6) and its slope is 4/5 then the equation of the line is

CA CPT Mock Test - 1 (Session 2) - Question 55

In an election between two candidates, one got 55% of the total valid votes, 20% of the votes were invalid. If the total number of votes was 7500, the number of valid votes that the other candidate got, was :

Detailed Solution for CA CPT Mock Test - 1 (Session 2) - Question 55

Total number of votes = 7500 

Given that 20% of Percentage votes were invalid

 => Valid votes = 80%

 Total valid votes = 7500*(80/100) 

1st candidate got 55% of the total valid votes. 

Hence the 2nd candidate should have got 45% of the total valid votes 

=> Valid votes that 2nd candidate got = total valid votes x (45/100) 

7500*(80/100)*(45/100) = 2700

CA CPT Mock Test - 1 (Session 2) - Question 56

Let E1, E2 are two linear equations in two variables x and y. (0, 1) is a solution for both the equations E1 & E2. (2, -1) is a solution of equation E1 only and (-2, -1) is a solution of equation E2 only then E1, E2 are ______.

CA CPT Mock Test - 1 (Session 2) - Question 57

 The maximum number of points of intersection of 10 circles will be

CA CPT Mock Test - 1 (Session 2) - Question 58

x, y, z together starts a business. If x invests 3 times as much as y invests and y invests two third of what z invests, then the ratio of   capitals of x, y, z is _______

CA CPT Mock Test - 1 (Session 2) - Question 59

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 Mock Test - 1 (Session 2) - Question 60

Mr. X bought an electronic item for Rs. 1000 .What would be the future value of the same item after two years, if the value is compounded semi-annually at the rate of 22% per annum?

CA CPT Mock Test - 1 (Session 2) - Question 61

In how many ways can a selection of 6 out of 4 teachers and 8 students be done so as to include at least two teachers?

CA CPT Mock Test - 1 (Session 2) - Question 62

CA CPT Mock Test - 1 (Session 2) - Question 63

In an election between two candidates, one got 55% of the total valid votes, 20% of the votes were invalid. If the total number of votes was 7500, the number of valid votes that the other candidate got, was :

Detailed Solution for CA CPT Mock Test - 1 (Session 2) - Question 63

Total number of votes = 7500 

Given that 20% of Percentage votes were invalid

 => Valid votes = 80%

 Total valid votes = 7500*(80/100) 

1st candidate got 55% of the total valid votes. 

Hence the 2nd candidate should have got 45% of the total valid votes 

=> Valid votes that 2nd candidate got = total valid votes * (45/100) 

7500*(80/100)*(45/100) = 2700

CA CPT Mock Test - 1 (Session 2) - Question 64

A function f(x) is defined by f(x) =(x - 2) + x2 overall real values of x, now f(x) is

CA CPT Mock Test - 1 (Session 2) - Question 65

CA CPT Mock Test - 1 (Session 2) - Question 66

The integral of px3 + qx2 + rk + w/x    

CA CPT Mock Test - 1 (Session 2) - Question 67

  

CA CPT Mock Test - 1 (Session 2) - Question 68

 if f’(x) = x - 1, the equation of the curve y = f(x) passing through the point (1,0) is given by

CA CPT Mock Test - 1 (Session 2) - Question 69

if f(x) = 1/(1-x) and g(x) = (x-1)/ x then gof (x) is

CA CPT Mock Test - 1 (Session 2) - Question 70

The function f(x) = 2x is

CA CPT Mock Test - 1 (Session 2) - Question 71

Find the three numbers in G.P, such that their sum is 13 and the sum of the squares is 91

CA CPT Mock Test - 1 (Session 2) - Question 72

CA CPT Mock Test - 1 (Session 2) - Question 73

 if a, b, c are in G.P., and x, y be the arithmetic means between a, b and c respectively, then a/x + c/y =

CA CPT Mock Test - 1 (Session 2) - Question 74

If six times the number of permutations of n objects taken 3 at a time is equal to seven times the number of permutations of (n-1) objects taken 3 at a time, find the value of n.

CA CPT Mock Test - 1 (Session 2) - Question 75

if x = 31/3 + 3-1/3, then 3x3 - 9x is

CA CPT Mock Test - 1 (Session 2) - Question 76

Data collected on religion from the census reports are

CA CPT Mock Test - 1 (Session 2) - Question 77

The normal curve is

CA CPT Mock Test - 1 (Session 2) - Question 78

 For a Poisson variate X, P(X = 1) = P(X = 2). What is the mean of X?

CA CPT Mock Test - 1 (Session 2) - Question 79

 A sample may be defined as a part of population is selected with a view to representing in all its ____

CA CPT Mock Test - 1 (Session 2) - Question 80

A parameter is a characteristic of

CA CPT Mock Test - 1 (Session 2) - Question 81

The measure of divergence is ____ as a size of the sample approaches that of the population

CA CPT Mock Test - 1 (Session 2) - Question 82

The suitable index numbers for the comparison of every year is ____

CA CPT Mock Test - 1 (Session 2) - Question 83

The two lines of regression become identical when

CA CPT Mock Test - 1 (Session 2) - Question 84

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 Mock Test - 1 (Session 2) - Question 85

If the coefficient of correlation between x and y variables is –0.90 then what will be the coefficient of determination.

CA CPT Mock Test - 1 (Session 2) - Question 86

Purchasing power of money is

CA CPT Mock Test - 1 (Session 2) - Question 87

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 Mock Test - 1 (Session 2) - Question 88

The coefficient of Mean deviation about mean for the first 9 natural numbers?

CA CPT Mock Test - 1 (Session 2) - Question 89

If P(A) = 2/3 and P(B) = 3/5 and P(AUB) = 5/6 . Then P(A’/B)

CA CPT Mock Test - 1 (Session 2) - Question 90

If the mean of two numbers is 30 and Geometric Mean is 24 then what will be those two numbers?

CA CPT Mock Test - 1 (Session 2) - Question 91

If variance of random variable x is 23, then what is the variance of 2x+10 ? 

CA CPT Mock Test - 1 (Session 2) - Question 92

The MD about mode for the numbers 4/11, 6/11, 8/11, 9/11,12/11, 8/11

CA CPT Mock Test - 1 (Session 2) - Question 93

If the regression coefficient y on x is 4.56 and coefficient of non-determination is 0.24, the regression coefficient x on y is

CA CPT Mock Test - 1 (Session 2) - Question 94

There are two horses in A and B for a race. The probability of A winning is thrice that of B. If one of the horses to win the probability of A winning is

CA CPT Mock Test - 1 (Session 2) - Question 95

If X and Y are independent random variables with Standard deviation 3, And 4 then the standard deviation of (X+Y) is

CA CPT Mock Test - 1 (Session 2) - Question 96

Find the sample size such that proportionality of the sample mean differing from the population mean by not more than 1/10th of its SD is 0.95

CA CPT Mock Test - 1 (Session 2) - Question 97

If x is a Poisson random variable with E(x2) = 6, the mean of x is 

CA CPT Mock Test - 1 (Session 2) - Question 98

If the probability of answering a multiple choice question is 1/3 and there are 50 questions in at least. What’s the most probable score assuming each correct question gets 1 mark?

CA CPT Mock Test - 1 (Session 2) - Question 99

Population mean is

CA CPT Mock Test - 1 (Session 2) - Question 100

For two independent events A and B. P (A) = 1/5 and P(AUB) = 3/4, then P(B) is

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