CA Foundation Business Economics Study Material Chapter 1 Nature and Scope of Business Economics - Basic Problems of an Economy and Role of Price Mechanism Basic Problems of an Economy We know that human wants are unlimited and resources are scarce. The problem of scarcity of resources is not only faced by individuals but also by the society at large. This gives … [Read more...] about CA Foundation Business Economics Study Material – Basic Problems of an Economy and Role of Price Mechanism
Business Economics
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply MULTIPLE CHOICE QUESTIONS Law of Demand and Elasticity of Demand 1. Demand in economic sense means- (a) mere desire for a commodity (b) mere ability to pay price of the commodity (c) mere wiling to pay the price of the commodity (d) desire backed by ability and willingness to pay for the … [Read more...] about CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply
CA Foundation Economics Chapter 1 MCQ Questions Nature and Scope of Business Economics
CA Foundation Economics Chapter 1 MCQ Questions Nature and Scope of Business Economics MULTIPLE CHOICE QUESTIONS 1. Economics is a science because (a) Systematised study (b) Scientific laws (c) Has its own methodology (d) All the above 2. Positive statements concern what is; normative statements concern— (a) What was (b) What is the normal situation (c) What will … [Read more...] about CA Foundation Economics Chapter 1 MCQ Questions Nature and Scope of Business Economics
CA Foundation Economics Chapter 5 MCQ Questions Business Cycles
CA Foundation Economics Chapter 5 MCQ Questions Business Cycles MULTIPLE CHOICE QUESTIONS 1. The term business cycle refers to - (a) fluctuations in aggregate economic activity over time. (b) ups and down in the production of goods (c) increasing unemployment (d) declining savings 2. Expansion phase all but one of the following characteristics. (a) Increase in … [Read more...] about CA Foundation Economics Chapter 5 MCQ Questions Business Cycles
CA Foundation Economics Chapter 3 MCQ Questions Theory Of Production and Cost
CA Foundation Economics Chapter 3 MCQ Questions Theory Of Production and Cost MULTIPLE CHOICE QUESTIONS Theory of Production 1. The term production in economics means- (a) creation of a physical product only (b) rendering of a service only (c) creation of economic utilities (d) none of the above 2. Which of the following is considered production in … [Read more...] about CA Foundation Economics Chapter 3 MCQ Questions Theory Of Production and Cost