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CMA Foundation Exam: Fundamentals of Economics and Management
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CMA Foundation Exam: Fundamentals of Economics and Management
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25 Questions

1. If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the
2. Which of these is not a cause of price discrimination
3. GDP at factor cost exceeds GDP at market price
4. A competitive firm maximizes its total profit when
5. The net factor income earned within the domestic territory of a country must be equal to
6. Long-term equilibrium of an Industry under a perfectly market conditions in achieved when
7. GDP at market price exceeds GDP at factor cost by the amount of revenue raised through
8. Marginal cost is defined as
9. If price of Tea increases the demand of coffee will
10. Which of the following is/ are not an economic resource
11. As per total outlay method, demand is said to be elastic if as result of change in price total outlay
12. Which of the following equation is correct
13. The elasticity of a demand curve with a constant slope
14. Two Commodities X and UY can be inferred as complementary to each other if
15. A supply curve passing through the origin will have elasticity
16. If the disposal income of a household increases by 10% and the demand for X commodity increased by 25%. The income elasticity of X is
17. Capital in economics means
18. Full employment exists when there is
19. In question No. 269 the quantity demanded if the price is 5 will be
20. In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes
21. Choose the correct statement
22. Aggregate market demand in question No. 270 If there are 5000 customers will be
23. Sugar and tea are
24. A monopoly firm makes more profit because
25. Which of these costs will increase or decrease with increase in production

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