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This mock test of CA-CPT Question Paper June - 2014(Session 2) for CA CPT helps you for every CA CPT entrance exam.
This contains 100 Multiple Choice Questions for CA CPT CA-CPT Question Paper June - 2014(Session 2) (mcq) to study with solutions a complete question bank.
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QUESTION: 1

Which statement is true about law of demand

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QUESTION: 2

Which of the following is not a determinant of demand

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QUESTION: 3

Generally when income of a consumer increases he goes for superior goods, leading to fall in demand for inferior goods. It means income elasticity of demand is ______

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QUESTION: 4

Which one of the following is not a characteristic of land

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QUESTION: 5

An entrepreneur undertakes which of the following functions

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QUESTION: 6

With a view to increase his production Hari Haran a manufacturer of shoes, increases all the factors of production in his unit by 100%. But at the end of year he finds that instead of an increase of 100%, his production has increased by only 80%. Which law of returns to scale is operating in this case _____

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QUESTION: 7

A demand curve parallel to y-axis implies

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QUESTION: 8

Marginal Cost changes due to change in ____ Cost

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QUESTION: 9

A firm produces 10 units of commodity at an average total cost of Rs.200 and with a fixed cost of Rs.500. Find out component of average variable cost in total cost.

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QUESTION: 10

Average total cost to firm is Rs. 600 when it produces 10 units of output and Rs. 640 when the output is 11 units. The MC of the 11^{th} unit is

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QUESTION: 11

The demand curve of an oligopolist is

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QUESTION: 12

Selling outlay is an essential part of which of the following market situation

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QUESTION: 13

Kinky demand curve model explains the market situation known as _____

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QUESTION: 14

The distinction between a single firm & an Industry vanishes in which of the following market condition

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QUESTION: 15

For price discrimination to be successful, the elasticity of demand for the commodity in the two markets, should be:

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QUESTION: 16

Abnormal profits exists in the long run only under _____

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QUESTION: 17

One of the essential conditions of Perfect competition is _____

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QUESTION: 18

Production Possibilities curve is also known as ___

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QUESTION: 19

Who has defined Economics as “Science which deals with wealth”

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QUESTION: 20

Which of the following is not feature of capitalistic economy?

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QUESTION: 21

The term mixed economy denotes

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QUESTION: 22

A firm will close down in the short period, if AR is less than

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QUESTION: 23

The basic reason of considering the Indian Economy as under developed economy is:

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QUESTION: 24

Tourism is an the example of

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QUESTION: 25

____ has highest Literacy rate in India

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QUESTION: 26

Which state has the highest urban population

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QUESTION: 27

In rural areas in India, the nature of unemployment is _____

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QUESTION: 28

Which of the following poverty eradication scheme is presently operational in India?

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QUESTION: 29

Petroleum, Oil and Lubricants (POL) constitutes around ____ % of India’s imports bill

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QUESTION: 30

Which of the following is the Correct definition of Micro enterprise according to micro, small and medium enterprise development (MSMED) Act 2006?

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QUESTION: 31

Plant load factor, a measure of operational efficiency of a thermal plant varies across the regions in India. In which of the following regions it has been lowest in the year 2012-13.

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QUESTION: 32

Food Corporation of India (FCI) is the Nodal Agency for which of the following activities relating to food management in the country?

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QUESTION: 33

The annual growth rate of industrial sector has remained at _____ % over 11^{th} plan period

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QUESTION: 34

Since adoption of economic liberalisation the share of agriculture in India’s GDP is _____

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QUESTION: 35

R.B.I Nationalised in ___

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QUESTION: 36

Which of the following is not the function of R.B.I

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QUESTION: 37

Which one of the following statement defines the term Reverse Repo Rate?

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QUESTION: 38

Monetary policy in India is regulated by

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QUESTION: 39

Which of the following bank enforces the provisions of foreign exchange management act in India?

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QUESTION: 40

Which of the following is not a quantitative method of credit control

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QUESTION: 41

Traditionally money has been defined on the basis of its functional aspects. Which one of the following falls under this category

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QUESTION: 42

Stagflation is _____

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QUESTION: 43

Which of the following measures can be used for curbing inflation

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QUESTION: 44

Trend of continuous rising prices of factors of production is known as____

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QUESTION: 45

Which of the following was not immediate cause of 1991 economic crisis

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QUESTION: 46

Direct taxes being progressive in nature, it is help to

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QUESTION: 47

In 2003 _____ was passed to reduce the Gross Fiscal fiscal deficit by 0.5% of GDP in each financial year.

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QUESTION: 48

Adverse balance of payments can be corrected through

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QUESTION: 49

______ means integrating the global economy with the world economy

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QUESTION: 50

As a consequence of economic reforms, the MRTP Act 1969 was replaced by competition Act in year ______

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QUESTION: 51

If X = log_{24} 12; y = log_{36} 24;z = log_{48} 36 then xyz+1 = ?

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QUESTION: 52

If x^{2}+ y^{2}= 7xy then log1(/3) (x + y ) =

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QUESTION: 53

If (25)^{150} = (25x )^{50} then the value of x will be

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QUESTION: 54

The value of ..=

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QUESTION: 55

In a class of 50 students 35 opted for Maths, 37 opted for commerce. The number of such students who opted for both maths and commerce is

Solution:

QUESTION: 56

The range of the relation {(1,0) (2,0) (3,0) (4,0) (0,0)} is

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QUESTION: 57

If A={1,2,3} and B={4,6,7} then the relation R={(2,4) (3,6)} is

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QUESTION: 58

The value of 1^{3} + 2^{3} + 3^{3} + .......+ m^{3} is equal to

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QUESTION: 59

The sum of the infinite GP is equal to

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QUESTION: 60

The sum of m terms of the series is 1+11+111+…….. is equal to

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QUESTION: 61

The distance from the origin to the point of intersection of the two straight lines 3x-2y=6 and 3x+2y=18 is

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QUESTION: 62

The lines 3x-4y+5=0, 7x-8y+5=0 and 4x+5y45=0 are

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QUESTION: 63

The graph of linear inequalities* * has been given below

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QUESTION: 64

The roots of equation y^{3} +y^{2}- y -1= 0 are

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QUESTION: 65

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QUESTION: 66

If y = a.e^{nx} + b.e^{-nx} then is equal to

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QUESTION: 67

is equal to

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QUESTION: 68

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: 69

If then the value of x will be

Solution:

QUESTION: 70

If P is 25% less than Q and R is 20% higher than Q the Ratio of R and Q

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QUESTION: 71

A person has assets worth Rs.1,48,200. He wish to divide it amongst his wife, son and daughter in the ratio 3:2:1 respectively. From this assets the share of his son will be

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QUESTION: 72

If a sum triples in 15 yrs at Simple rate of interest then the rate of interest per annum will be

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QUESTION: 73

The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have been

Solution:

QUESTION: 74

If x : y = 2 : 3 then (5x+2y): (3x-y) =

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QUESTION: 75

How much amount is required to be invested every year as to accumulate Rs. 6,00,000 at the end of 10^{th }year, if interest is compounded annually at 10% rate of interest? [Given : (1.1)^{10} = 2.59374]

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QUESTION: 76

The mean of the following data is 6. Find the value of P.

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QUESTION: 77

Which of the following statement is true?

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QUESTION: 78

The formula for range of middle 50% items of a series is

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QUESTION: 79

What will be the probable value of mean deviation? when Q_{3} =40 and Q_{1} =15

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QUESTION: 80

When each individual gets the exactly opposite rank by the two judges, then the rank correlation will be ______

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QUESTION: 81

The equations two lines of regression for x & y are 5x = 22 + y and 64x = 24 + 45y, then the value of regression coefficient of y on x will be ____

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QUESTION: 82

Two regression lines for a bivariate data are 2x-5y+6=0 and 5x-4y+3=0. Then the coefficient correlation shall be ______

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QUESTION: 83

If the mean of two variables x & y are 3 and 1 respectively. Then the equation of two regression lines are _____

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QUESTION: 84

Circular test is satisfied by which index number?

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QUESTION: 85

Fisher’s Index number is _____ of Laspayere’s and Paasehe’s Index numbers

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QUESTION: 86

Which of the following statement is true?

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QUESTION: 87

Monthly salary of on employee was Rs.10,000 in the year 2000 and it was increase to Rs.20,000 in the year 2013 while the consumer price index number is 240 in year 2013 with the base year 2000, what should be his salary in comparison of consumer price index in the year 2013?

Solution:

QUESTION: 88

The following data related to the marks of group of students

How many students have got marks less than 50% ?

Solution:

QUESTION: 89

To draw Histogram the frequency distribution should be

Solution:

QUESTION: 90

“The less than Ogive” is a:

Solution:

QUESTION: 91

There were 200 employees in an office in which 150 were married. Total male employees were 160 out of which 120 were married. What was the number of female unmarried employees?

Solution:

QUESTION: 92

For any two events A_{1} ,A_{2} let P( A_{1} ) = 2/3,P(A_{2}) = 3/8, then A_{1}, A_{2} are

Solution:

QUESTION: 93

If a pair of dice is thrown what is the probability of occurring neither 7 nor 11?

Solution:

QUESTION: 94

An urn contains 2 red and 1 green balls, another urn contains 2 red and 2 green balls. An urn was selected at random and then a ball was drawn from it. If it was found to be red then the probability that it has been drawn from first urn is

Solution:

QUESTION: 95

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

Solution:

QUESTION: 96

Mean & variance of a binomial variate are 4 and 4/3 respectively then will be

Solution:

QUESTION: 97

5000 students were appeared in an examination. The mean of marks was 39.5 with standard deviation 12.5 marks. Assuming the distribution to be normal, find the number of students recorded more than 60% marks. [Given when Z = 1.64 area of normal curve = 0.4494]

Solution:

QUESTION: 98

Method used to test the human blood is called in statistical terminology ______

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QUESTION: 99

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

Solution:

QUESTION: 100

If it is known that the 95% LCL and UCL to population mean are 48.04 and 51.96 respectively. If the sample size is 100, what will be the value of population SD?

Solution:

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