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Business Economics Sample Paper- 1 (Answer Key) | Mock Tests & Past Year Papers for CA Foundation PDF Download

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FOUNDATION COURSE 
MOCK TEST PAPER 
PAPER – 4 PART I: BUSINESS ECONOMICS 
ANSWERS 
 
1 B 11 D 21 A 31 B 41 A 51 A 
2 C 12 C 22 A 32 D 42 D 52 D 
3 D 13 C 23 D 33 C 43 A 53 B 
4 B 14 D 24 C 34 A 44 D 54 A 
5 A 15 A 25 C 35 D 45 A 55 D 
6 B 16 C 26 A 36 C 46 C 56 D 
7 C 17 A 27 C 37 D 47 D 57 A 
8 D 18 C 28 C 38 B 48 C 58 A 
9 C 19 D 29 C 39 B 49 D 59 D 
10 D 20 A 30 A 40 B 50 C 60 A 
 
 
    
       
       
       
       
       
       
       
       
       
        
 
 
 
 
© The Institute of Chartered Accountants of India
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FAQs on Business Economics Sample Paper- 1 (Answer Key) - Mock Tests & Past Year Papers for CA Foundation

1. What is the importance of Business Economics in the CA Foundation exam?
Ans.Business Economics is crucial for the CA Foundation exam as it helps students understand the principles of micro and macroeconomics, which are essential for making informed business decisions. It provides a framework for analyzing business situations and understanding market dynamics, enabling students to apply economic theory to real-world scenarios.
2. What topics are typically covered in the Business Economics syllabus for CA Foundation?
Ans.The Business Economics syllabus for CA Foundation usually includes topics such as demand and supply analysis, production and cost, market structures, pricing strategies, and the role of government in the economy. These topics are designed to provide a comprehensive understanding of economic concepts relevant to business practices.
3. How can I effectively prepare for the Business Economics section of the CA Foundation exam?
Ans.Effective preparation for Business Economics involves understanding key concepts, practicing numerical problems, and analyzing case studies. Students should review the syllabus thoroughly, use recommended textbooks, and take practice tests to assess their knowledge and improve their exam techniques.
4. What are some common types of questions asked in the Business Economics exam?
Ans.Common types of questions in the Business Economics exam include multiple-choice questions, short answer questions, and case study analysis. Students may be asked to explain economic concepts, analyze graphs, or solve numerical problems related to demand and cost functions.
5. Can you provide tips for managing time during the Business Economics exam?
Ans.To manage time effectively during the Business Economics exam, students should allocate time for each question based on its marks and complexity. It is advisable to start with questions they are most confident about to build momentum, and to leave time for reviewing answers at the end. Practicing under timed conditions can also help improve time management skills.

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