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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. The quantity of a commodity that an individual is willing to purchase over a specified period of time is a function of except
2. In the BoP statement, current account includes (i) Marchandize, invisible items (ii) Government loans from abroad (iii) Foreign direct investment.
3. Disguised unemployment means
4. When a firm enters the law of diminishing returns to scale
5. Marginal product is
6. If production possibility frontier is linear it implies
7. Which of these is an economic activity
8. In a market economy equilibrium price is reached at
9. A supply curve passing through any point on X axis(quantity) will have elasticity
10. Demand curve of an Oligopoly firm is characterized by
11. Goods or services that are necessary for living are
12. In question No. 53 if the economy produces only 3 guns and 900 tons of wheat instead of 1100 tons of wheat what does it indicates
13. Goods which are not perfect substitute of each other but have to be consumed in a fixed ratio will have rate of substitution
14.
15. According to traditional approach the factor responsible for operation of downward slope of demand curve are
16. Stock of both man made goods as well as natural resources like capital is called
17. If price of X falls leading to increase in total outlay on X, the demand of X is
18.
19. According to law of demand
20. Long run supply curve of a constant cost industry is
21. If price of sugar fills leading to fall in total outlay on sugar, the demand of sugar is
22. Opportunity cost of increasing production of Gun to 5 units in combination F is
23. TVC curve begins to
24. At a given price increase in quantity supplied can be possible if
25. The famous book

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