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CA Foundation
Paper 4:
Business  Economics & Business & Commercial Knowledge

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Prof.Shailendra Khatri 

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CA Nikhil Sarda 

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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

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Test Your Preparation 


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.

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