Courses

# CA CPT Mock Test - 2 (Session 2)

## 100 Questions MCQ Test CA CPT - Mock Test Series and Previous Year Question Papers | CA CPT Mock Test - 2 (Session 2)

Description
This mock test of CA CPT Mock Test - 2 (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 - 2 (Session 2) (mcq) to study with solutions a complete question bank. The solved questions answers in this CA CPT Mock Test - 2 (Session 2) quiz give you a good mix of easy questions and tough questions. CA CPT students definitely take this CA CPT Mock Test - 2 (Session 2) exercise for a better result in the exam. You can find other CA CPT Mock Test - 2 (Session 2) extra questions, long questions & short questions for CA CPT on EduRev as well by searching above.
QUESTION: 1

Solution:
QUESTION: 2

Solution:
QUESTION: 3

### An increase in consumer income, other things being equal, will

Solution:
QUESTION: 4

Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)

Solution:
QUESTION: 5

Which of the following is a variable cost in the short run?

Solution:
QUESTION: 6

If total revenue is Rs 100, explicit costs are Rs. 50, and implicit costs are Rs.30, then accounting profit equals :

Solution:
QUESTION: 7

If there are implicit costs of production, accounting profits will

Solution:
QUESTION: 8

Price discrimination is a situation when a producer

Solution:
QUESTION: 9

In Perfect Competition

Solution:
QUESTION: 10

Assuming that tea is a normal good, a decrease in consumer income, other things being equal, will

Solution:
QUESTION: 11

The market for hand tools (such as hammers and screwdrivers) is dominated by Black & Decker, Stanley, and Craftsman. This market is best described as

Solution:
QUESTION: 12

A market structure in which many firms sell products that are similar but not identical is known as

Solution:
QUESTION: 13

If oligopolists engage in collusion and successfully form a cartel, the market outcome is

Solution:
QUESTION: 14

Collusion is difficult for an oligopoly to maintain

Solution:
QUESTION: 15

Which of the following is not a barrier to entry in a monopolized market?

Solution:
QUESTION: 16

Which of the following statements about price and marginal cost in competitive and monopolized markets is true?

Solution:
QUESTION: 17

A monopoly is able to continue to generate economic profits in the long run because

Solution:
QUESTION: 18

Why are transfer payments not a component of GDP?

Solution:
QUESTION: 19

Fresh evaluation of every item of expenditure from the very beginning of each financial year is called?

Solution:
QUESTION: 20

The first devaluation of currency took place in

Solution:
QUESTION: 21

Assume that, in the population, 95 million people worked for pay last week, 5 million people did not work for pay but had been seeking a job, 5 million people did not work for pay and had not been seeking a job for the past several months, and 45 million were under age 16. The unemployment rate, given these numbers, is:

Solution:
QUESTION: 22

Gross capital formation will increase if:
1. gross domestic savings increases
2. gross domestic consumption increases

3. GDP increases

Select the correct answer using the codes given below.

Solution:
QUESTION: 23

Which of the following interest rates is still regulated?
1. Savings account interest rate
2. Fixed deposit interest rate
3. Current account interest rate

Select the correct answer using the codes given below.

Solution:
QUESTION: 24

“An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by?

Solution:
QUESTION: 25

A rise in general level of prices may be caused by

Solution:
QUESTION: 26

Which one of the following is likely to be the most inflationary in its effect?

Solution:
QUESTION: 27

In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements.

Solution:
QUESTION: 28

An increase in the Bank Rate generally indicates that the

Solution:
QUESTION: 29

Consider the following specific stages of demographic transition associated with economic development
1. Low birthrate with low death rate
2. High birthrate with high death rate
3. High birthrate with low death rate

Select the correct order of the above stages using the codes given below:

Solution:
QUESTION: 30

In India, deficit financing is used for raising resources for

Solution:
QUESTION: 31

In the context of Indian economy, ‘Open Market Operations’ refers to

Solution:
QUESTION: 32

The balance of payments of a country is a systematic record of

Solution:
QUESTION: 33

The national income of a country for a given period is equal to the

Solution:
QUESTION: 34

The Reserve Bank of India regulates the commercial banks in matters of
1. liquidity of assets
2. branch expansion
3. merger of banks
4. winding-up of banks

Solution:
QUESTION: 35

Which of the following measures would result in an increase in the money supply in the economy?
1. Purchase of government securities from the public by the Central Bank
2. Deposit of currency in commercial banks by the public

3. Borrowing by the government from the Central Bank
4. Sale of government securities to the public by the Central Bank

Solution:
QUESTION: 36

The International Development Association, a lending agency, is administered by the

Solution:
QUESTION: 37

The lowering of Bank Rate by the Reserve Bank of India leads to

Solution:
QUESTION: 38

The SEZ Act, 2005, which came into effect in February 2006 has certain objectives. In this Context, consider the following:
1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.

Which of the above are the objectives of this Act?

Solution:
QUESTION: 39

The supply of a commodity does not depend directly upon

Solution:
QUESTION: 40

Which of the following is / are treated as artificial currency?

Solution:
QUESTION: 41

New firms are barred from entering the market in

Solution:
QUESTION: 42

India’s largest commercial bank is

Solution:
QUESTION: 43

Regarding the International Monetary Fund, which one of the following statements is correct?

Solution:
QUESTION: 44

Fiscal Policy is related to

Solution:
QUESTION: 45

Foreign exchange rate means the rate at which the currency of one country can be traded for

Solution:
QUESTION: 46

In India, during the last decade the total cultivated land for which one of the following crops has remained more or less stagnant?

Solution:
QUESTION: 47

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?

Solution:
QUESTION: 48

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

Solution:
QUESTION: 49

Consider the following actions which the government can take:
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.

Which of the above action/actions can help in reducing the current account deficit?

Solution:
QUESTION: 50

Consider the following statements:The functions of commercial banks in India include

1. Purchase and sale of shares and securities on behalf of customers.

2. Acting as executors and trustees of wills.

Which of the statements given above is/are correct?

Solution:
QUESTION: 51

39 persons can repair a road in 12 days, working 5 hours a day. In how many days will 30 persons, working 6 hours a day, complete the work?

Solution:
QUESTION: 52

The average weight of 8 persons increases by 2.5 kg when a new person comes in place of one of them weighing 65 kg. What might be the weight of the new person ?

Solution:
QUESTION: 53

A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?

Solution: QUESTION: 54

if then x is

Solution:
QUESTION: 55

The solution of the equation and x+y= p+q is

Solution:
QUESTION: 56

The equation x2-(p+4) x+2P+5=0 has equal roots. The value of p is

Solution:
QUESTION: 57

The equation of the line parallel line joining (1,2) and (4,8) and having y-intercept 3 is

Solution:
QUESTION: 58

The roots of the equation x3-x2-4x+4 = 0 are

Solution:
QUESTION: 59

If a>0 and b>0 and a≠b then which of the following is true?

Solution:
QUESTION: 60

The time which a sum of money will be doubled at 6% compounded annually is approximately

Solution:
QUESTION: 61

The annual birth rate and death rate per 1000 are 39.4 and 19.4 respectively. The number of years in which the population will be doubled assuming that there is no immigration or emigration is approximately.

Solution:
QUESTION: 62

A sum is invested at 20% per annum Compound Interest semi-annually. The effectiverate of Interest is

Solution:
QUESTION: 63

Find the number of numbers that can be 1,2,3,4,3, 2,1 by placing the odd digits at oddplaces.

Solution:
QUESTION: 64

A supreme court bench Consists of five judges. In how many ways, the bench can give amajority decision?

Solution:
QUESTION: 65

There 10 points in a plane of which 4 are collinear. How many different straight lines canbe formed by joining these points?

Solution:
QUESTION: 66

If Pth term of an A.P is a and qth term is b. Then sum of (p+q) terms is

Solution:
QUESTION: 67

Three numbers are in A. P and their sum is 21. If 1,5,15 be added to them respectively,they form a G.P, then the numbers are

Solution:
QUESTION: 68

If a1/x = b1/y = c1/z and a, b, c are in G.P, then x, y, z are in

Solution:
QUESTION: 69

Given that f(x) = 2x+3 and g(x) =5x +m find ‘m ‘if fog =gof

Solution:
QUESTION: 70

If f(x) = ex then f-1(x) is

Solution:
QUESTION: 71

f(x) = 2x - x is

Solution:
QUESTION: 72 Solution:
QUESTION: 73 Solution:
QUESTION: 74

If f’(x) = 1+ 2x.log e 2 and curve passes through point (1,1) the equation of the curve is

Solution:
QUESTION: 75

Raj can build a house alone in 16 days but Suraj alone can build it in 12 days. Raj and Suraj work on alternate days. If Raj works on first day, the house will be built in how many days?

Solution:
QUESTION: 76

‘Stub ‘of a table is the

Solution:
QUESTION: 77

Median of a distribution can be obtained from

Solution:
QUESTION: 78

Geometric Mean of 3, 6, 24, and 48

Solution:
QUESTION: 79

If two groups have 20 and 30 items the means of 1st and combined groups are 40 and 46. The mean of the second group is

Solution:
QUESTION: 80

The set of observations 15,12,17,12,13, 15 16,19, 15, 12 is

Solution:
QUESTION: 81

If SD of 1st n natural numbers is 2, then the value of n must be

Solution:
QUESTION: 82

If SD of x is 3, What’s the variance of (5-2x) ?

Solution:
QUESTION: 83

The covariance between two variables is

Solution:
QUESTION: 84

The regression coefficients remain unchanged due to a

Solution:
QUESTION: 85

If cov(x, y) = 15, what restrictions should be put for the standard deviations of x and y?

Solution:
QUESTION: 86

If the sum of squares of difference of ranks, given by two judges A and B, of 8 students in 21, what is the value of rank correlation coefficient?

Solution:
QUESTION: 87

The odds in favour of an event is 2 : 3 and the odds against another event is 3 : 7. Find the probability that only one of the two events occurs.

Solution:
QUESTION: 88

If two events A and B are independent, then

Solution:
QUESTION: 89

If A, B and C are mutually exclusive and exhaustive events, then P(A) + P(B) + P(C)
equals to

Solution:
QUESTION: 90

Three dice are thrown. What’s the expected value of their product?

Solution:
QUESTION: 91

A bag Contains 3 white, 4 red and 5 Black balls. Three balls are drawn. The probabilitythat they are of each colour is

Solution:
QUESTION: 92

If x and y are independent random variables with standard deviation 2 and 3 then thestandard deviation of (X+Y) is

Solution:
QUESTION: 93

If the two quartiles of N (μ, σ2) are 14.6 and 25.4 respectively, what is the standarddeviation of the distribution?

Solution:
QUESTION: 94

If the points of inflexion of a normal curve are 40 and 60 respectively, then its mean deviation is

Solution:
QUESTION: 95

The criteria for an ideal estimator are

Solution:
QUESTION: 96

Standard error can be described as

Solution:
QUESTION: 97

As the sample size increases, standard error

Solution:
QUESTION: 98

Solution:
QUESTION: 99

Net monthly salary of an employee was Rs. 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowances to be paid to the employee is :

Solution:
QUESTION: 100

During the certain period the C.L.I. goes up from 110 to 200 and the Salary of a worker is also raised from 330 to 500, then the real terms is

Solution: