Q2) A point below the budget line of a consumer
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6%
(a) Represents a combination of goods which costs the whole of consumer’s income.
78%
(b) Represents a combination of goods which costs less than the consumer's income.
9%
(c) Represents a combination of goods which is unattainable to the consumer given his money income.
6%
(d) Represents a combination of goods which costs more than the consumer’s income.
Q3) In the book market, the supply of books will decrease if any of the following occurs except
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14%
(a) A decrease in the number of book publishers.
47%
(b) A decrease in the price of the book.
21%
(c) An increase in the future expected price of the book.
18%
(d) An increase in the price of paper used.
Q1. 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 –
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9%
a) 6,000
26%
b) 6,200
8%
c) 6,300
57%
d) 6,400
If the sum of money when compounded annually becomes Rs. 1,140 in 2 years and Rs. 1,710 in 3 years, the rate of interest is –
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16%
a) 30%
20%
b) 40%
58%
c) 50%
5%
d) 60%
Q29) In an economy, the actual level of income is Rs. 500 Cr., whereas, the full employment level of income is Rs. 800 Cr. If 1/4th of additional income is saved, what should be increase in investment required to achieve full employment level of income.
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11%
(a) 0.25
23%
(b) Rs. 300 crores
63%
(c) Rs. 75 crores
4%
(d) None of these
Q30) In a closed economy, aggregate demand is the sum of
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15%
(a) consumer expenditure, demand for exports and government spending.
53%
(b) consumer expenditure, planned investment spending and government spending.
15%
(c) consumer expenditure, actual investment spending, government spending and net exports.
16%
(d) consumer expenditure, planned investment spending, government spending, and net exports.
Q31) Which of the following aspects are excluded in GDP measures?
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4%
(a) Income Distributions
11%
(b) Quality Improvement in Systems
14%
(c) Productions hidden from government authorities.
71%
(d) All of the above
Contract Act_20250104_132624_0000.pdf
8.4 MB
Hi everyone..
In this document I have compiled all the important topics of Contract Act based on past year exams,RTPs and MTPs of ICAI.
Make sure u cover all these topics properly.
In this document I have compiled all the important topics of Contract Act based on past year exams,RTPs and MTPs of ICAI.
Make sure u cover all these topics properly.
A horizontal supply curve Parallel to the quantity axis implies that the elasticity of supply is:
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17%
(a) Zero.
70%
(b) Infinite.
9%
(c) Equal to one.
5%
(d) Greater than zero but less than one.
Supply of land is :
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9%
(a) Elastic
18%
(b) Perfectly Elastic
53%
(c) Perfectly 'Inelastic
20%
(d) Inelastic
For a 10-year deposit, what interest rate payable annually is equivalent to 5% interest payable quarterly?
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42%
a) 5.1%
25%
b) 4.9%
24%
c) 6.0%
9%
d) None
Given the annuity of Rs. 100 amounts to Rs. 3,137.12 at 4.5% p.a. CI. The no. of years will be –
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34%
a) 25 yrs
39%
b) 20 yrs
19%
c) 22 yrs
8%
d) None
How Many marks did you score in Today's Business Economics Test
Anonymous Poll
23%
Above 90
12%
80-90
16%
70-80
23%
60-70
9%
50-60
5%
40-50
11%
Below 40
Q32) Which of the following enters into the calculation of national income
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6%
(a) The value of the services that accompany the sale
8%
(b) Additions to inventory stocks of final goods and materials ·
3%
(c) Stocks and bonds sold during the current year
82%
(d) (a) and (b) above
Q33) A method of national income according is based on the principal that revenues earned by all the firms put together must be distributed among the factors of production as salaries; wages, profits, rent and interest. The method is known as:
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21%
(a) Expenditure method
7%
(b) Product method
68%
(c) Income method
4%
(d) Consumption method
Q34) Which of the following industries are less sensitive to business cycle?
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7%
(a) Producer goods industry
38%
(b) Durable consumer goods industry
17%
(c) Travel and Tourism Industries
37%
(d) Food Grain processing Industries
Q35) _ theory holds that business cycles result from the fact that present prices substantially influence the production at some future date.
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28%
(a) Schumpeter's
27%
(b) Hawtrey's
32%
(c) Cobweb
13%
(d) Pigou's
In the third of the three stages of production:
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7%
(a) The marginal product curve has a positive slope.
85%
(b) The marginal product curve lies completely below the average product curve.
5%
(c) Total product increases.
2%
(d) Marginal product is positive.