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This mock test of CA CPT Mock Test - 1 (Session 2) for CA CPT helps you for every CA CPT entrance exam.
This contains 100 Multiple Choice Questions for CA CPT CA CPT Mock Test - 1 (Session 2) (mcq) to study with solutions a complete question bank.
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QUESTION: 1

Economics is the study of

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QUESTION: 2

The opportunity cost of a good is

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QUESTION: 3

A market can accurately be described as

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QUESTION: 4

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

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QUESTION: 5

In the mixed economy

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QUESTION: 6

Normative economics forms ___________ based on _____________

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QUESTION: 7

Microeconomics is concerned with

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QUESTION: 8

Macroeconomics is the study of ___________________

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QUESTION: 9

A real value can be derived from a nominal value by

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QUESTION: 10

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

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QUESTION: 11

When a market is in equilibrium

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QUESTION: 12

________ and ________ do not directly affect the demand curve

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QUESTION: 13

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

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QUESTION: 14

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

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QUESTION: 15

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

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QUESTION: 16

Who is called the father of Operation Flood in India?

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QUESTION: 17

Which of the following is not a Kharif Crop?

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QUESTION: 18

The concept of Economic Planning in India is derived from?

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QUESTION: 19

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

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QUESTION: 20

Which of the following is used to denote broad money?

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QUESTION: 21

Which of the following is a direct tax?

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QUESTION: 22

Which of the following is not the function of RBI?

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QUESTION: 23

What is the meaning of Fiscal policy?

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QUESTION: 24

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

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QUESTION: 25

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

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QUESTION: 26

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

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QUESTION: 27

Relationship between AR, MR and Price elasticity of demand is

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QUESTION: 28

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

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QUESTION: 29

Since when the service tax is being imposed in India?

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QUESTION: 30

Balance of payment consists of:

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QUESTION: 31

What is the meaning of GILT- EDGED market?

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QUESTION: 32

Devaluation of a currency means:

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QUESTION: 33

Who is the father of green revolution in India?

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QUESTION: 34

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

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QUESTION: 35

Which sector provides largest employment in India?

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QUESTION: 36

Which of the following banks introduced ATM in India?

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QUESTION: 37

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

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QUESTION: 38

When was Value added Tax introduced in India?

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QUESTION: 39

National Income is equal to :

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QUESTION: 40

In macro-economics, disposable income refers to:

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QUESTION: 41

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

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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.

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 ?

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QUESTION: 43

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

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QUESTION: 44

India’s present population in 2010 is:

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QUESTION: 45

Which of the following statement is correct?

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QUESTION: 46

For inferior commodities, income effect is—

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QUESTION: 47

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

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QUESTION: 48

The Slope of Indifference Curve indicates

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QUESTION: 49

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

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QUESTION: 50

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

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QUESTION: 51

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

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QUESTION: 52

The value of

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QUESTION: 53

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

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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

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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 :

Solution:

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

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 ______.

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QUESTION: 57

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

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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 _______

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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

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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?

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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?

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QUESTION: 62

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QUESTION: 63

Solution:

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

QUESTION: 64

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

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QUESTION: 65

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QUESTION: 66

The integral of px^{3} + qx^{2} + rk + w/x

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QUESTION: 67

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QUESTION: 68

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

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QUESTION: 69

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

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QUESTION: 70

The function f(x) = 2x is

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QUESTION: 71

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

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QUESTION: 72

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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 =

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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.

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QUESTION: 75

if x = 3^{1/3} + 3^{-1/3}, then 3x^{3} - 9x is

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QUESTION: 76

Data collected on religion from the census reports are

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QUESTION: 77

The normal curve is

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QUESTION: 78

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

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QUESTION: 79

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

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QUESTION: 80

A parameter is a characteristic of

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QUESTION: 81

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

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QUESTION: 82

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

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QUESTION: 83

The two lines of regression become identical when

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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

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QUESTION: 85

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

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QUESTION: 86

Purchasing power of money is

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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 ?

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QUESTION: 88

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

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QUESTION: 89

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

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QUESTION: 90

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

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QUESTION: 91

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

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QUESTION: 92

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

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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

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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

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QUESTION: 95

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

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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

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QUESTION: 97

If x is a Poisson random variable with E(x^{2}) = 6, the mean of x is

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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?

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QUESTION: 99

Population mean is

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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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