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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 these indicates increase in welfare of the people?
2. If both the disposal income as well as number of suppliers of a product rises, the equilibrium
3. Under perfect market conditions the supply curve of a firm is represented by
4. The positively sloped part of long run cost curve of a firm is due to
5. Select the odd one
6. 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
7. For a monopoly firm the MR Curve
8. In a closed economy
9. If price of Tea increases the demand of coffee will
10. In the Union Budget, profits from public sector undertakings are taken under
11. If prices of Eggs rises from `25 per dozen to `30 per dozen, the demand for vegetable burger increases from 30 per day to 40 per day, then the cross elasticity of eggs and vegetable burger is
12. Fixed costs are
13. If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is
14. Which of the following is/are an essential feature of the market
15. The supply of goods means
16. When a monopolist charges different prices to each customer it is called price discrimination of
17. A goods can be considered inferior goods in economics if increase in disposal income of the consumer causes
18. In question No. 286 what is the total revenue from sale of 26 units
19. Opportunity cost of increasing production of Gun to 3 units in combination D is
20. The opportunity cost of capital investment is
21. 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
22. Assuming consumption C= `45000, Investment I= `1000, Government Purchase G= `1200, Exports=`450, Depreciation = `600, and Indirect Tax= `500, then GDP will be
23. The slope of the consumption curve connotes
24. If total production increases in the short run, the total cost will also
25. Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called

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