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

If the production of a good involves an external social cost, resource allocation could be improved by:

Options :

A : providing a subsidy for the consumers of the good

B : imposing an indirect tax on the good

C : providing a subsidy for the producers of the good

D : the government imposing price controls to reduce the price of the good.

Answer: B

Question 2

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 3

Which ONE of the following circumstances is essential if producer incomes are to rise following the imposition of a price floor (minimum price) in a market?

Options :

A : Market supply is price inelastic

B : Market demand is price inelastic

C : Market supply is price elastic

D : Market demand is price elastic

Answer: B

Question 4

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

Question 5

All the following statements about small firms are correct except one. Which statement is incorrect?

Options :

A : Small firms do not generally raise finance on the capital market

B : Banks may refuse to lend to small firms because of the risk involved

C : Small firms are common in industries which display increasing returns to scale

D : Small firms are common in industries where there are niche markets

Answer: D