CA-CPT Question Paper June (Session 2) - 2017 - CA CPT MCQ

If a good is luxury, its income elasticity of demand is:

If there is 50% rise in price and there is no change in Quantity demanded, then the elasticity of demand is?

Which of the following is not a determinant of supply?

When the price of a commodity increases from Rs. 200 to Rs. 250 and consequently the quantity supplied increases from 1000 units to 1100 units. What is the co- efficient of elasticity of supply

Indifference curve is convex to the origin due to

What term is used for maximum capital which the company can raise in its life time? 

C.W.Cobb and Douglas of the U.S.A. studied the production function of the American __ industries: 

In economics ___ refers to creating utility for goods & services?

The cost of one thing in terms of the alternative given up is known as:

Now a days, in the long run the modern firms faces________ cost curve when technology changes.

_____Cost remain fixed over certain range of output, but suddenly jump to a new higher level when output goes beyond a given limit,

The average Cost of Producing 9 units of a Commodity is Rs.200 and the fixed cost is Rs.630. What amount of average total cost is made up of variable cost?

Find out AVC of 3 units:

Which of the following markets  are classified on the basis of nature of transactions? 

When supply increases, the supply curve shifts towards right. The increase in supply denotes a shift in the supply curve to the right. If there is an increase in supply without change in demand equilibrium price will _____ and the equilibrium quantity will decrease.

Which of the following statements is incorrect?

Under which of the following forms of market structure does a firm have no price of its product?

Under perfect competition a firm is described as

For a firm to become profitable it should expand output whenever?

Which of the following is not the objective of  price discrimination?

In oligopoly, when the industry is dominated by one large firm which is considered as leader of the group. This is called:

Production possibilities curve is also known as:

Which of the following method is based on collection and analysis of facts?

Which economic system is described by Schumpeter as "capitalism in the oxygen tent"?

Water supply and construction comes under which sector?

Which of the following statement is correct?

If in a population of 1000 people, 400 people are in the labour force, 392 are employed, what is the unemployment rate?