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.
Average cost of producing 50 units of any commodity is Rs. 250 and fixed cost is Rs. 1,000.
What will be the average fixed cost of producing 100 units of the commodity ?
What will be the average fixed cost of producing 100 units of the commodity ?
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49%
(a) Rs. 10
16%
(b) Rs. 30
26%
(c) Rs. 20
9%
(d) Rs. 5