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Page 1 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.Read More
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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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