student help-book for commerce aspirants
CA Foundation
Paper 4:
Business Economics & Business & Commercial Knowledge
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Practice before writing your exam
Mock Test Series-1
Mock Test Series-2
Mock Test Series-3
Mock Test Series-4
Mock Test Series-5
Mock Test Series-6
Accentuate your revision with youtube marathons
Test Your Preparation
Question1.
Microeconomic theory studies how a free-enterprise economy determines
(a) the price of goods (
b) the price of services
(c) the price of economic resources
(d) all of the above
Question 2.
Which aspect of taxation involves normative economics?
(a) the incidence of (i.e., who actually pays for) the tax
(b) the effect of the tax on incentives to work
(c) the “fairness” of the tax
(d) all of the above.
Question 3.
When the price of a substitute of commodity X falls, the demand for X
(a) rises
(b) falls
(c) remains unchanged
(d) any of the above.