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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 a firms cost of raw material increases then
2. Cetris Paribus means
3. The famous book
4. Capital in economics means
5. Shift in Demand curve or change in Demand curve occurs due to
6. The difference between personal disposable income and personal income is
7. Under perfect market conditions the supply curve of a firm is represented by
8. If the disposal income of a household decreases by 10% and the demand for X commodity remains same. The income elasticity of X is
9. If the price elasticity of demand of Chicken is +.95. then a 20% increase in price of chicken will lead to in quantity demanded of chicken at that price
10. In free economy the decision about investment, saving and consumption are decided by
11. GDP at factor cost exceeds GDP at market price
12. The demand function of a product x is as dx = 12-2Px, where Px stand for price. The quantity demanded corresponding to price of `2 will be
13. Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
14. If the price elasticity of a product is greater than 1, we can say that
15. Economic efficiency means
16.
17. If the consumption of a product can be postponed for the time being
18. The
19. In question No. 286 what is the total revenue from sale of 26 units
20. In economic theory the term
21. In short run a monopolistic competition firm will be in equilibrium where
22. Which of the following statement is true
23. The elasticity of a demand curve with a constant slope
24. The Philips curve shows that
25. Market demand curve for a commodity is a

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