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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. Macroeconomics is the study of
2. When a monopolist charges different prices to each customer it is called price discrimination of
3. Opportunity cost of increasing production of Gun to 3 units in combination D is
4. If price of X falls leading to fall in total outlay on X, the demand of X is
5. The negatively sloped part of long run cost curve of a firm is due to
6. 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
7. If production possibility frontier is linear it implies
8. TVC curve begins to
9. The coefficient of price elasticity of demand is calculated as
10. The difference between personal disposable income and personal income is
11. Market demand curve for a commodity is
12.
13. Sugar and tea are
14. Change in quantity demanded or Movement along demand curve occurs due
15. If the price elasticity of demand for wine is estimated to be -.6, then a 20% increase in price of wine will lead to
16. Complementary goods are those which are
17. Capital in economics means
18. In question No. 274 if the price is `4 the supply available in the market will be
19. Personal disposable income is equal to
20. The quantity of a commodity that an individual is willing to purchase over a specified period of time is a function of except
21. If the disposal income of a household increases by 10% and the demand for X commodity increased by 10% the income elasticity of X is
22. The practice of selling same product to different persons at different price is called
23. Macroeconomics is concerned with
24. The demand for a product is 25 units when the price is `10, however the demand rises to 26 when the price is reduced to `9.9 per unit. The marginal revenue from production and sale of additional unit from 25 to 26 is
25. In the Union Budget, profits from public sector undertakings are taken under

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