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CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
Page 2


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
Page 3


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
Page 4


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
a. Medium of exchange 
b. Measure of value 
c. Standard of deferred 
payments 
d. All of the above 
Answer: D 
Explanation: All the 
Options refer to some 
function of Money 
and money is also 
defined as “Money is 
what money does”. 
Page 5


CPT Section C General  Economics Chapter 8 Unit 1  
CA Shweta Poojari 
MCQs 
a. Lack of common 
measure of value. 
b. Lack of double 
coincidence of wants. 
c. Difficulty in storage of 
extra goods. 
d. All of the above. 
 
Answer: D 
Explanation: Refer 
Slide No.4   
 
a. Medium of exchange 
b. Measure of value 
c. Standard of deferred 
payments 
d. All of the above 
Answer: D 
Explanation: All the 
Options refer to some 
function of Money 
and money is also 
defined as “Money is 
what money does”. 
a. Medium of 
exchange 
b. Measure of value 
c. Standard of 
deferred payments 
d. All of the above 
Answer: A 
Explanation: Money as a 
medium of exchange is 
used in the sale and 
purchase of goods and 
services. Therefore, 
double coincidence of 
wants is not required. 
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FAQs on MCQ - Money - Business Economics for CA Foundation

1. What is the CA Foundation exam?
Ans. The CA Foundation exam is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI) for students who wish to pursue a career in chartered accountancy. It is the first level of the CA course and consists of four papers.
2. How can I register for the CA Foundation exam?
Ans. To register for the CA Foundation exam, you need to visit the official website of ICAI and fill out the online registration form. You will also need to submit the required documents and make the payment of the registration fee. After successful registration, you will receive a registration number which will be used for all future correspondence with ICAI.
3. What is the syllabus for the CA Foundation exam?
Ans. The CA Foundation exam syllabus is divided into four subjects: Principles and Practices of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics, and Business Economics and Business and Commercial Knowledge. The detailed syllabus can be found on the ICAI website.
4. How can I prepare for the CA Foundation exam?
Ans. To prepare for the CA Foundation exam, it is important to create a study plan and stick to it. Make sure to cover all the topics mentioned in the syllabus and practice solving previous years' question papers. It is also recommended to join coaching classes or study groups for additional guidance and support.
5. What are the passing criteria for the CA Foundation exam?
Ans. To pass the CA Foundation exam, a candidate needs to score a minimum of 40% marks in each subject and an aggregate of 50% marks in all subjects combined. Additionally, there is a negative marking of ¼ marks for each wrong answer in the objective type papers.
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