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CA Foundation Sep 24 | ACCOUNT Ka Paper कहाँ से आया ?
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Q. Macroeconomics is also called____ economic
Anonymous Poll
22%
a) Applied
76%
b) Aggregate
2%
c) Experimental
4%
d) None of the above
WHAT IS BUSINESS ?
• A business is an economic activity. Businesses aim to create net value added by transforming
inputs like land, labor, capital, and entrepreneurship into diverse goods and services.
These outputs like consumer goods, producer goods, capital goods, private goods, public goods,
merit goods (essential goods), and non-merit goods (like cigarettes)
Goods can be classified as durable or non-durable, emphasizing the overarching goal of
generating value in economic activities.
The purpose of any economic activity such as production, consumption, distribution, exchange
and inventory accumulation, is to create surplus or profit.
Some of non-profit organizations (NPOS) may not aim at private profits but they aim at 'social
benefits.'
In context of all economic enterprises, several decisions have to be taken. Each decision
problem represents an area of choice. It is suggested that economics is a discipline which is
helpful in analyzing the rationality and optimality of a given choice.

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Q. A study of how increase in the corporateIncome tax rate will affect the nationalunemployment rate is an example of________
Anonymous Poll
75%
a) Macroeconomics
10%
b) Descriptive Economics
7%
c) Microeconomics
9%
d) Normative economics
Q. Government’s ____________ function will bring about improvement in socialwelfare.
Anonymous Poll
34%
a. Allocation function
42%
b. Redistribution function
19%
c. Stabilization function
17%
d. Budgetary function