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They help students develop a clear understanding of concepts, improve time management skills, and enhance their ability to recall information quickly. Practicing these questions enables candidates to identify and address their weak areas, ensuring a comprehensive grasp of the syllabus.
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Trending MTP Last Year CA Foundation Exam Questions CAVIRTUALHUB
How Important Are Objective -Type Questions for CA Foundation Exam Preparation? For several solid explanations, objective-type questions are for preparing for the CA Foundation exam in September 2024. Typically, multiple-type questions are asked to assess students' basic skills and ideas clearly and directly. Practicing the questions below can help CA aspirants improve their level of confidence and performance. Primarily, objective-type questions let CA students become used to the format and pattern of the test. Anticipating the kinds of questions that will pop up on the examination helps one to manage their time better and lowers anxiety. Realizing what to expect enables students to tackle the exam with a clear strategy, emphasizing precise answers along with immediate recall. In addition, this type of study assures conceptual clarity. They cover a wide range of topics and require that students acquire the material completely. Practicing objective-type questions assists students in reinforcing their command of basic concepts and ideas in business economics, therefore increasing their basis for more difficult problem-solving quickly. Plus, revision is much more beneficial with objective-type questions, and this is good for ca foundation study material. They let students briefly go over and evaluate their abilities in many circles. By using this fast analysis strategy, weak areas requiring more research can be found, therefore assuring that no key concepts are omitted. Trending MTP Last Year CA Foundation Exam Questions with Answers: Business Economics (2023) Best Online Coaching platform for CA examinations - ICAI previous year question papers with answers foundation Objective-Type Questions 1. Q: The law of demand states that, other things being equal, as the price of a good: ○ a) Increases, quantity demanded increases, ○ b) Increases, quantity demanded decreases
○ ○ ○ c) Decreases, quantity demanded decreases d) None of the above A: b) Increases, quantity demanded decreases 2. Q: Which of the following is an example of a normal good? ○ a) Inferior goods ○ b) Giffen goods ○ c) Luxury cars ○ d) None of the above A: c) Luxury cars 3. Q: In the context of elasticity of demand, if the price elasticity of demand is greater than 1, the demand is said to be: ○ a) Inelastic ○ b) Elastic ○ c) Unitary elastic ○ d) Perfectly inelastic A: b) Elastic 4. Q: The additional satisfaction obtained from consuming one more unit of a good is known as: ○ a) Total Utility ○ b) Marginal Utility ○ c) Average Utility ○ d) None of the above A: b) Marginal Utility 5. Q: Which of the following is a macroeconomic concept? ○ a) Individual consumer behavior ○ b) Market equilibrium ○ c) National income ○ d) Price determination A: c) National income 6. Q: The opportunity cost of a choice is: ○ a) The sum of all benefits from all choices ○ b) The benefit derived from the chosen option ○ c) The value of the next best alternative forgone ○ d) The cost of all alternatives considered
A: c) The value of the next best alternative forgone 7. Q: Which of the following factors can shift the demand curve for a good? ○ a) Changes in income ○ b) Changes in the price of the good ○ c) Changes in supply ○ d) Changes in production technology A: a) Changes in income 8. Q: The price at which quantity supplied equals quantity demanded is known as: ○ a) Market price ○ b) Equilibrium price ○ c) Ceiling price ○ d) Floor price A: b) Equilibrium price 9. Q: If two goods are complementary, a decrease in the price of one will: ○ a) Increase the demand for the other ○ b) Decrease the demand for the other ○ c) Not affect the demand for the other ○ d) None of the above A: a) Increase the demand for the other 10. Q: When the total utility is maximum, marginal utility is: ○ a) Positive ○ b) Negative ○ c) Zero ○ d) None of the above A: c) Zero 11. Q: Which of the following represents a situation where the quantity demanded changes by a larger percentage than the price change? ○ a) Inelastic demand ○ b) Elastic demand ○ c) Unitary elastic demand ○ d) Perfectly inelastic demand A: b) Elastic demand
12. Q: In a free market economy, the allocation of resources is determined by: ○ a) Government planning ○ b) Prices and profits ○ c) Production quotas ○ d) Random selection A: b) Prices and profits 13. Q: The demand curve for a normal good: ○ a) Slopes upward from left to right ○ b) Slopes downward from left to right ○ c) Is vertical ○ d) Is horizontal A: b) Slopes downward from left to right 14. Q: The portion of income that remains after consumption expenditure is called: ○ a) Savings ○ b) Investment ○ c) Disposable income ○ d) None of the above A: a) Savings 15. Q: A good whose demand increases as income decreases is called: ○ a) Normal good ○ b) Inferior good ○ c) Luxury good ○ d) Giffen good A: b) Inferior good In the end, consistent hard work with objective-type questions builds trust in myself. Correct answers to these questions consistently increase trustworthiness, which helps CA students to be more relaxed and less stressed throughout the actual examination.
Having everything considered, preparing for the CA Foundation paper focuses much on objective-type questions. They guarantee subject comprehension, clear knowledge of the exam structure, effective revision aids, and confidence-building needed to excel. Thus, spending enough time to answer these questions is a calculated way to pass the CA Foundation exam. Best of Luck! SKILLS IS ONLY DEVELOPED BY HOURS AND HOURS OF WORK - USAIN BOLT Contact us : E-Mail : cavirtualhub@gmail.com Student Free Helpline : +91-7240001855 ANY QUERY REGARDING CA COACHING ONLINE & COURSES… FREE TO CALL US Thank Thank You You… …