CA Quiz 2024: Top 7 questions for CA Foundation exam preparation

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(1) What is not production in economics

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(2) Which of the following is not within the scope of Business Economics?

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(3) An increase in the demand can result from

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(4) Elasticity between any two given points of a demand curve is called

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(5) Which of the following is not an essential condition of pure competition?

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(6) The Delphi technique was developed by___________

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(7) Oikonomia means

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Answer Key 1. Ans. c 2. Ans. d 3. Ans. b 4. Ans. b 5. Ans. d 6. Ans. c 7. Ans. b

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CA Quiz 2024: Top 7 questions for CA Foundation exam preparation

(1) What is not production in economics

(a) Addition of Utility (b) Creation of Utility (c) Creation of matter (d) None of the above Checkout Last Page for Answer

Select Your Answer:

(2) Which of the following is not within the scope of Business Economics?

(a) Capital Budgeting (b) Risk Analysis (c) Business Cycles (d) Accounting Standards Checkout Last Page for Answer

Select Your Answer:

(3) An increase in the demand can result from

(a) A decline in market price (b) An increase in income (c) A reduction in the price of substitutes (d) An increase in the price of complements Checkout Last Page for Answer

Select Your Answer:

(4) Elasticity between any two given points of a demand curve is called

(a) Price Elasticity (b) ARC Elasticity (c) Point Elasticity (d) Income Elasticity Checkout Last Page for Answer

Select Your Answer:

(5) Which of the following is not an essential condition of pure competition?

(a) Large number of buyers and sellers (b) Homogeneous product (c) Freedom of entry (d) Absence of transport cost Checkout Last Page for Answer

Select Your Answer:

(6) The Delphi technique was developed by___________

(a) Peter Drucker (b) Alfred Marshall (c) Olaf Helmer (d) Adam Smith Checkout Last Page for Answer

Select Your Answer:

(7) Oikonomia means

(a) industry (b) household (c) services (d) none of these Checkout Last Page for Answer

Select Your Answer:

Answer Key 1. Ans. c 2. Ans. d 3. Ans. b 4. Ans. b 5. Ans. d 6. Ans. c 7. Ans. b

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