CA Ki Padhai's Test Series: Economics Ch. 1 and Ch.5

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This Test is based on chapter 1 and 5 of CA Foundation Economics.

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1. Boom and Depression are

1 point

Turning Points

Equilibrium Points

Both

None

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2. Endogenous Cause of Business Cycle is

1 point

Money Supply

Technological Shocks

Natural Factors

Population Growth

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3. Which is not related to The Great Depression, 1930?

1 point

Started in USA

Excess Money Supply

J.M.Keynes regarded low aggregative expenditure as cause

None

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4. Due to Recession, employment rate____ and Output____

1 point

Rises, Rises

Rises, Falls

Falls, Falls

Falls, Rises

Clear selection

5. What type of Unemployment is caused due to change in job or suspended work?

1 point

Structural

Frictional

Voluntary

None

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6. Stagnation of Actual Demand indicates

1 point

Beginning of Expansion

End of Expansion

End of Contraction

None

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7. When Consumer spending is reduced, what starts falling?

1 point

Aggregate Demand

Prices

Both

None

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8. Business Cycles occur

1 point

Periodically

In different Phases

Both

None

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9. Which is not a phase of business cycle?

1 point

Prosperity

Upswing

Depression

Reconstruction

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10. Who gave the statement that "Business Activities are affected by waves of optimism and pessimism?

1 point

Hawtrey

Pigou

Schumpeter

Nicolas Kaldor

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11. Business whose fortunes are linked to rate of economic growth is called as

1 point

Physical Business

Cyclical Business

Trading Business

None

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12. Which of the following is true?

1 point

Business Cycle affect all sectors uniformly.

If Entrepreneurs are optimistic about future, they restrict investments.

Agriculture Sector is more prone to adverse effects of trade cycle.

Trough Marks end of pessimism

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13. Change in Stock price is example of which indicator?

1 point

Leading

Lagging

Coincident

None

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14. The Consumer Price Index is example of which indicator?

1 point

Leading

Lagging

Coincident

None

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15. Inflation is example of which indicator?

1 point

Leading

Lagging

Concurrent

None

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16. Applied Economics include

1 point

Regression Analysis

Linear Programming

Capital Budgeting

All of these

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17. What is driving force of capitalism?

1 point

Private Property

Profit

Incentives

All of the above

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18. What is backbone of capitalism?

1 point

Private Property

Profit

Incentive

All of these

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19. Rate of Interest and Return on capital are

1 point

Return on Investment

Prices of Capital

Administrative Prices

None

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20. Business Economics is

1 point

Pragmatic

Normative

Positive

Both A and B

Clear selection

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