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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. Which of the following is not a central problem of a society
2. Market demand curve for a commodity is
3. In a closed economy savings are equal to
4. Normative economic theory deals with
5. 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
6. The cross elasticity of complementary goods is generally
7. If two goods are perfect substitutes for one another, the elasticity of substitution will be
8. In question No. 286 what is the total revenue from sale of 26 units
9. Which of these is not a factor of cost function of a product
10. Which of the following is a central problem of every economy
11. Scarcity of resources leads to
12. In the long run price is governed by
13. Which of the following statement is true about average cost function
14. Price elasticity of demand is not affected by
15. Capital in economics means
16. A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes
17. The terms Micro economic and Macro economics were coined by
18. A supply curve passing through any point on X axis(quantity) will have elasticity
19. Opportunity cost of increasing production of Gun to 4 units in combination E is
20. In the short run an oligopolistic firm will
21. In which sector of Indian economy will we find a high rate of disguised unemployment?
22. Which of these costs will increase or decrease with increase in production
23. The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is
24. The law of indifference is/are also know by-
25. Which of these is not an essential feature of a market

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