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CA Foundation Business Economics Questions 2023 - Part 32

Questions 1. Generally an economy is considered under developed ifA) The standard of living of people & Productivity is low.B) Agriculture is the main occupation of the peopleC) The production techniques are backward.D) All of the above.2. Which of the following statement is correct?A) Agriculture occupies 10 per cent population of India.B) Nearly 5 per cent population of India is below the poverty line.C) The production techniques in agriculture are backward.D) None of the above.3. Which of the statements is correct?A) The tertiary sector contributes the maximum to the GDP.B) India is basically a socialist economy.C) The distribution of income and wealth is quite equitable.D) None of the above.4. In perfect competition in the short run there will be __________ possibilitiesA) Normal profits.B) Supernormal profits.C) LossD) All of above5. ______________ measure generally gives the lowest estimate of unemployment especially for poor economy.A) Usual status.B) CWS.C) CDS.D) CMS. Right Answer and Explanation: 1. Right Answer: DExplanation: 2. Right Answer: CExplanation: 3. Right Answer: AExplanation: 4. Right Answer: DExplanation: 5. Right Answer: AExplanation: .col-md-12 { -webkit-user-select: none; -ms-user-select: none; user-select: none; } .flash-sale-container{background:#134981;text-align:center;padding:2%;} p.flash-sale-text{ font-size:24px;font-family:"Poppins";letter-spacing:2px;line-height:1.4em; } span.flash-break{ display:block; } .flash-sale-text { -webkit-animation-name:flash; animation: blink 1.5s infinite; } @keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } } @-webkit-keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } }

Fri, 03 Mar 2023

CA Foundation Business Economics Questions 2023 - Part 31

Questions 1. When the price of a complementary of commodity X falls, the demand for X-A) FallsB) RisesC) Remains unchangedD) any of the above2. Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?A) Arc methodB) Point methodC) Percentage methodD) none of the above3. FERA stands for -A) Foreign Exchange Recommendation ActB) Foreign Exchange Regulation ActC) Finance and Export Regulation AssociationD) Funds Export Revaluation Act4. Nearly _____percent of working population is engaged in the service sector.A) 23 per centB) 45 per centC) 80 per centD) 50 per cent5. ACRP stands for â??A) Agro-Commodity Regional PlanningB) Agro-Climatic Rational PlanningC) Agro-Climatic Regional PlanningD) Allied-Climatic Regional Planning Right Answer and Explanation: 1. Right Answer: BExplanation: 2. Right Answer: AExplanation: 3. Right Answer: BExplanation: 4. Right Answer: AExplanation: 5. Right Answer: CExplanation: .col-md-12 { -webkit-user-select: none; -ms-user-select: none; user-select: none; } .flash-sale-container{background:#134981;text-align:center;padding:2%;} p.flash-sale-text{ font-size:24px;font-family:"Poppins";letter-spacing:2px;line-height:1.4em; } span.flash-break{ display:block; } .flash-sale-text { -webkit-animation-name:flash; animation: blink 1.5s infinite; } @keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } } @-webkit-keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } }

Fri, 03 Mar 2023

CA Foundation Business Economics Questions 2023 - Part 30

Questions 1. Literacy rate calculated considering total population into account is known asA) Crude Literacy RateB) Total Literacy RateC) Mean Literacy RateD) None of the above2. In order to encourage investment in the economy, the RBI mayA) Increase Bank RateB) Sell securities in the open marketC) Buy securities in the open marketD) None of above3. Most of unemployment in India is __________A) VoluntaryB) StructuralC) FrictionalD) Technical4. Under a Command economy â??A) State plays a major roleB) Market plays major roleC) Both a & bD) Neither a nor b5. _______is the apex bank for agriculture credit in India.A) RBIB) SIDBIC) NABARDD) ICICI Right Answer and Explanation: 1. Right Answer: AExplanation: 2. Right Answer: CExplanation: 3. Right Answer: BExplanation: 4. Right Answer: AExplanation: 5. Right Answer: CExplanation: .col-md-12 { -webkit-user-select: none; -ms-user-select: none; user-select: none; } .flash-sale-container{background:#134981;text-align:center;padding:2%;} p.flash-sale-text{ font-size:24px;font-family:"Poppins";letter-spacing:2px;line-height:1.4em; } span.flash-break{ display:block; } .flash-sale-text { -webkit-animation-name:flash; animation: blink 1.5s infinite; } @keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } } @-webkit-keyframes blink{ 0% { color: #D3585F; } 20% { color: #D3585F; } 40% { color: #FFF; } 60% { color: #FFF; } 80% { color: #D3585F; } 100% { color: #D3585F; } }

Fri, 03 Mar 2023

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