Practicing CA Foundation Business Economics: Sample Questions

Q1. The term Economics owes its origin to the Greek word.

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Q2. 'Economics is the science of choice making. It implies.

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Q3. Business Economics relies heavily on the techniques of.

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Q4. The normative aspect of Economics is given by.

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Q5. Business economy Involves the theory of Business economics with?

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Q6. Which factor is included in business Economics?

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Q7. Which of the following is not within the scope of Business Economics?

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Q8. Business Economists use method(s) to maintain optimum stock of inventories.

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Answer Key Q1- C Q2- B Q3- A Q4- A Q5- B Q6- D Q7- D Q8- D

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Practicing CA Foundation Business Economics: Sample Questions

Q1. The term Economics owes its origin to the Greek word.

(a) Aikonomia (b) Wikonomia (c) Oikonomia (d) None of the above

Select Your Answer:

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Q2. 'Economics is the science of choice making. It implies.

(a) No choice is to be made (b) Choice to be made between alternative uses (c) Choice to be made between means and ends (d) None of the above

Select Your Answer:

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Q3. Business Economics relies heavily on the techniques of.

(a) Micro Economics (b) Macro Economics (c) Normative Science only (d) Economics discipline only

Select Your Answer:

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Q4. The normative aspect of Economics is given by.

(a) Marshall (b) Robbins (c) Adam Smith (d) Samuelson

Select Your Answer:

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Q5. Business economy Involves the theory of Business economics with?

(a) Normative Economics (b) Business practices (c) Micro Economics (d) Macro Economics

Select Your Answer:

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Q6. Which factor is included in business Economics?

(a) Business Economics is an art (b) Inter-disciplinary in nature (c) Normative in nature (d) All of the above

Select Your Answer:

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Q7. Which of the following is not within the scope of Business Economics?

(a) Capital Budgeting (b) Risk Analysis (c) Business Cycles (d) Accounting Standards

Select Your Answer:

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Q8. Business Economists use method(s) to maintain optimum stock of inventories.

(a) ABC Analysis (b) Simple simulation exercises (c) Mathematical models (d) All of the above

Select Your Answer:

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Answer Key Q1- C Q2- B Q3- A Q4- A Q5- B Q6- D Q7- D Q8- D

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