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Mock Test: Business Economics and Business & Commercial Knowledge(Paper-4) Answers - May 2022 | Business and Commercial Knowledge (Old Scheme) - CA Foundation PDF Download

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1 
MOCK TEST PAPER 1 
FOUNDATION COURSE 
PAPER 4: BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE 
PART - I: BUSINESS ECONOMICS 
ANSWERS 
Answer Key 
1 d 11 c 21 a 31 d 41 d 51 a 
2 b 12 c 22 d 32 b 42 d 52 d 
3 a 13 d 23 c 33 a 43 b 53 c 
4 b 14 c 24 a 34 a 44 c 54 d 
5 d 15 c 25 d 35 c 45 a 55 c 
6 a 16 d 26 b 36 c 46 a 56 b 
7 d 17 c 27 a 37 b 47 d 57 c 
8 c 18 d 28 c 38 b 48 b 58 b 
9 a 19 a 29 d 39 a 49 a 59 b 
10 a 20 d 30 c 40 d 50 c 60 b 
 
 
 
 
Page 2


1 
MOCK TEST PAPER 1 
FOUNDATION COURSE 
PAPER 4: BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE 
PART - I: BUSINESS ECONOMICS 
ANSWERS 
Answer Key 
1 d 11 c 21 a 31 d 41 d 51 a 
2 b 12 c 22 d 32 b 42 d 52 d 
3 a 13 d 23 c 33 a 43 b 53 c 
4 b 14 c 24 a 34 a 44 c 54 d 
5 d 15 c 25 d 35 c 45 a 55 c 
6 a 16 d 26 b 36 c 46 a 56 b 
7 d 17 c 27 a 37 b 47 d 57 c 
8 c 18 d 28 c 38 b 48 b 58 b 
9 a 19 a 29 d 39 a 49 a 59 b 
10 a 20 d 30 c 40 d 50 c 60 b 
 
 
 
 
2 
PAPER – 4 PART II: BUSINESS AND COMMERCIAL KNOWLEDGE 
ANSWERS 
61 62 63 64 65 66 67 68 69 70 
(b) (d) (b) (a) (c) (c) (d) (a) (c) (b) 
71 72 73 74 75 76 77 78 79 80 
(d) (b) (b) (d) (a) (c) (c) (b) (b) (c) 
81 82 83 84 85 86 87 88 89 90 
(b) (c) (d) (c) (c) (c) (a) (c) (b) (a) 
91 92 93 94 95 96 97 98 99 100 
(c) (a) (c) (c) (a) (d) (a) (d) (c) (b) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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FAQs on Mock Test: Business Economics and Business & Commercial Knowledge(Paper-4) Answers - May 2022 - Business and Commercial Knowledge (Old Scheme) - CA Foundation

1. What are the key topics covered in the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam?
Ans. The key topics covered in the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam include microeconomics, macroeconomics, demand and supply analysis, cost and revenue concepts, business cycles, money and banking, commercial knowledge, and various aspects of business and commerce.
2. How can I prepare effectively for the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam?
Ans. To prepare effectively for the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam, it is important to understand the concepts thoroughly. Start by studying the prescribed textbooks and reference materials. Make a study schedule and allocate sufficient time for each topic. Practice solving previous years' question papers and mock tests to get familiar with the exam pattern. Additionally, stay updated with current business and economic news to enhance your commercial knowledge.
3. Are there any specific resources or study materials recommended for the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam?
Ans. Yes, there are specific resources and study materials recommended for the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam. The Institute of Chartered Accountants of India (ICAI) provides a comprehensive study material for this paper. It is advisable to thoroughly study the ICAI study material and practice solving the questions given in it. Additionally, you can refer to other reference books and online resources that cover the relevant topics in detail.
4. What are some important tips to remember while attempting the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam?
Ans. Some important tips to remember while attempting the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam are: - Read the questions carefully and understand the requirements before attempting to answer. - Follow a structured approach in writing your answers, including relevant diagrams, formulas, and examples where required. - Use proper headings and subheadings to organize your answers. - Support your answers with logical explanations and relevant concepts. - Manage your time effectively and allocate sufficient time to each question. - Revise your answers and proofread for any errors before submitting the paper.
5. Can I use online resources or reference books during the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam?
Ans. No, you are not allowed to use any online resources or reference books during the Business Economics and Business & Commercial Knowledge paper of the CA Foundation exam. The exam is conducted in a controlled environment, and candidates are expected to rely solely on their knowledge and understanding of the subject. It is important to prepare well in advance and be confident in your knowledge to perform well in the exam.
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