Higher Test Marks with Free Online CIMAPRA17-BA1-1-ENG Exam Practice

Assess the CertsIQ’s updated CIMAPRA17-BA1-1-ENG exam questions for free online practice of your BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online) test. Our CIMAPRA17 BA1 1 ENG dumps questions will enhance your chances of passing the CIMA Certificate in Business Accounting certification exam with higher marks.

Question 1

Real GDP per capita in an economy is directly affected by

(i). The quantity of resources located in the economy

(ii). How efficiently the economy uses resources when producing goods and services

(iii). The size of the working population

(iv). The flow of investment income from abroad

Options :

A : (i) and (iv) only

B : (i) and (ii) only

C : (ii), (iii) and (iv) only

D : (i), (ii) and (iii)

Answer: D

Question 2

In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?

Options :

A : A manufacturer of industrial machine tools

B : A chain of supermarket grocery stores

C : A motor insurance company

D : A toothpaste manufacturer

Answer: A

Question 3

Which of the following is a feature of nol-for-profit organisations (NFPs)?

Options :

A : They have restricted flows of income

B : They sometimes have shareholders

C : Their objectives can vary greatly

D : They use resources inefficiently

Answer: C

Question 4

A typical supply curve of a good shows:

Options :

A : The quantities of the good firms actually sell at different possible prices

B : The quantities of the good firms are prepared to supply at different possible prices

C : Different possible equilibrium prices

D : Quantity supplied varying inversely with price

Answer: B

Question 5

All of the following are functions of central banks except which one?

Options :

A : Banker to the commercial banks

B : Holder of the foreign exchange reserves

C : Banker to the government

D : Determination and conduct of fiscal policy

Answer: D