Lets assume that at OY-axis we have good A and at OX-axis good B. If the price of good B increases by Rs. 1 but the price of good A remains constant and income also remains unchanged, the budget line will shift
Anonymous Quiz
26%
(a) Right on OY axis
39%
(b) Right on OX axis
18%
(c) Left on OY axis
17%
(d) Left on OX axis
If the cross elasticity is only slightly below zero which of the following is correct?
Anonymous Quiz
38%
(a) They are weak complements
28%
(b) They are strong complements
29%
(c) They are weak Substitutes
5%
(d) They are Strong Substitutes
Mathematics Question for Today:- The difference in SI and CI on a certain
sum of money in 2 years at 15% p.a. is Rs.
144. The sum is –
sum of money in 2 years at 15% p.a. is Rs.
144. The sum is –
Anonymous Quiz
16%
(a) 6,000
28%
(b) 6,200
9%
(c) 6,300
48%
(d) 6,400
Forwarded from CA Inter Knowledge Portal
Forwarded from CA Inter Knowledge Portal
Hello everyone,
This is 3rd and final part of Business Economics Marathon for June/Sep 24 attempt. It will cover tge following topics
1) Chapter 6 (GDP Calculation and Keynesian Economics)
2) Chapter 7.1 (Centre State Relations)
3) Chapter 7.3 (Budget Process)
4) Chapter 7.4 (Fiscal Policy)
5) Chapter 10 (Indian Economy)
This is 3rd and final part of Business Economics Marathon for June/Sep 24 attempt. It will cover tge following topics
1) Chapter 6 (GDP Calculation and Keynesian Economics)
2) Chapter 7.1 (Centre State Relations)
3) Chapter 7.3 (Budget Process)
4) Chapter 7.4 (Fiscal Policy)
5) Chapter 10 (Indian Economy)
If regardless of change in the price the quantity demanded of a good remains unchanged then the demand curve for the good will be
Anonymous Quiz
55%
Vertical
30%
Horizontal
12%
Negatively sloped
3%
None of the above
The most probable outcome of an increase in the money supply is
Anonymous Quiz
34%
(a) Interest rates to rise, investment spending to rise, and aggregate demand to rise
7%
(b) Interest rates to rise, investment spending to fall, and aggregate demand to fall
49%
(c) Interest rates to fall, investment spending to rise, and aggregate demand to rise
10%
(d) Interest rates to fall, investment spending to fall, and aggregate demand to fall
Business_Economics_New_Syllabus_MCQ_Compiler_Chapter_1_to_5_for.pdf
3 MB
Hello everyone,
This is the MCQ Compiler of first 5 chapters of Business Economics as per Updated syllabus applicable for June 24. This Compiler contains all ICAI Past Years and MTP Questions in Chapterwise format.
Additional Questions for New Chapters of Business Economics (Chapter 6 to 10) will be shared by next week.
If you have any doubts relating to any MCQ, you can msg me on Whatsapp or Instagram
This is the MCQ Compiler of first 5 chapters of Business Economics as per Updated syllabus applicable for June 24. This Compiler contains all ICAI Past Years and MTP Questions in Chapterwise format.
Additional Questions for New Chapters of Business Economics (Chapter 6 to 10) will be shared by next week.
If you have any doubts relating to any MCQ, you can msg me on Whatsapp or Instagram
Economics Question for Today:- Suppose the technology for producing personal computers improves and, at the same time, individuals discover new uses for personal computers so that there is greater utilisation of personal computers. Which of the following will happen to equilibrium price and equilibrium quantity?
The marginal utility from last unit consumed of commodity Y = 50 Units and MUm = 10. The consumer is in equilibrium and consuming commodity y only. Find the Price of Commodity Y—
Anonymous Quiz
70%
(a) 5
15%
(b) 10
12%
(c) 40
2%
(d) None of these
https://www.instagram.com/reel/C7-66YOJYHC/?igsh=MW55ZTZpcTZ2N3R0cA==
Dedicated to all those Tax students who had class with me today on Sunday😃
Dedicated to all those Tax students who had class with me today on Sunday😃
Forwarded from CA Foundation Knowledge Portal
https://www.instagram.com/reel/C7-66YOJYHC/?igsh=MW55ZTZpcTZ2N3R0cA==
Dedicated to all those Tax students who had class with me today on Sunday😃
Dedicated to all those Tax students who had class with me today on Sunday😃
A rise in sale of which type of good is expected in the case of recession
Anonymous Quiz
11%
(a) Luxury
38%
(b) Necessity
45%
(c) Inferior
6%
(d) Normal
From the following demand curve determine the elasticity at the given price Q = 1200 – 10P When P = 5, dQ/dP = 10
Anonymous Quiz
36%
(a) Elastic
46%
(b) Inelastic
17%
(c) Unitary elastic
1%
(d) None of these
Marks of a student is an example of
Anonymous Quiz
13%
(a) An attribute
56%
(b) A discrete variable
15%
(c) A continuous variable
16%
(d) (a) or (c)
Methods that are employed for the collection of primary data
Anonymous Quiz
17%
(a) Interview method
8%
(b) Questionnaire method
4%
(c) Observation method
71%
(d) All of these
When the demand curve is a rectangular hyperbola an increase in the price of the commodity causes the total expenditure of consumers of the commodity to:
Anonymous Quiz
48%
(a) Remain unchanged
30%
(b) Increase
18%
(c) Decrease
4%
(d) Any of the above
‘No matter what the price of coffee is, Ram always spend a total of exactly 100 per week on coffee.’ The statement implies that;
Anonymous Quiz
47%
(a) Ram is very fond coffee and therefore he has an inelastic demand for coffee
16%
(b) Ram has elastic demand for coffee
11%
(c) Ram’s demand for coffee is relatively less elastic
25%
(d) Ram’s demand for coffee is unit elastic