Solve CA Foundation Mock Test Question for Exam Preparation

1. Which is not the property of in difference curve analysis?

(a) Indifference curves slop (b) Indifference curves are concave (c) Indifference curves can never intersect (d) A higher indifference a higher level satisfaction

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2. Function refers to a

(a) relationship between two variable (b) relationship between inputs and output (c) physical relationship between input and output (d) relationship between capital and labour expressed

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3. Which curve does intersect AC and AVC curve at its minimum point-

(a) MC Curve (b) AFC Curve (c) AVC Curve (d) None of above 

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4. The optimum level of production for a firm is, where –

(a) MC is minimum (b) AVC is minimum (c) AFC is minimum (d) AC is minimum 

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5. If the elasticity of demand for a commodity is perfectly inelastic then which of the following is incorrect?

(a) Perfect Competition (b) Monopoly (c) Monopolistic Competition (d) None of these

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6. Which curve is never U-shaped?

(a) TFC curve (b) AVC curve (c) AC curve (d) MC curve

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7. Under which market, there are many varieties of product for the consumers –

(a) Lagging indicator (b) Leading Indicator (c) Concurrent Indicator (d) None of these

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8. In which type of Oligopoly, the price leadership exists –

(a) Full Oligopoly (b) Partial Oligopoly (c) Syndicated Oligopoly (d) Organised Oligopoly 

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

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