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CA Foundation Business Economics — practice by topic

Browse 867 questions across 19 Business Economics topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Business Economics topics

Economics (245)Price-Output Determination under Different Market Forms (81)Public Finance (78)Supply (64)Law of Demand (61)International Trade (60)Basic Problems of an Economy and Role of Price Mechanism (59)Production And Cost (59)Business Cycles (55)Theory of Production (55)Economy of India (52)Fixed Income (52)Money Market (52)Theory of Consumer Behaviour (52)Managerial Economics (51)Determination of National Income (45)Monopoly (19)Monopolistic Competition (12)Oligopoly (12)

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Managerial economics applies economic methods to what?Read the answer and worked solution →Which branch of economics is the dominant focus behind managerial economics?Read the answer and worked solution →Managerial economics is said to act as a link between which two things?Read the answer and worked solution →Managerial decisions about the future, involving risk and uncertainty, depend on which activity?Read the answer and worked solution →

Worked practice questions

Managerial economics applies economic methods to what?

  1. Organizational decisions
  2. National tax collection
  3. Household budget plans
  4. Printing of currency
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Correct answer: A. Organizational decisions

It is the branch that brings economic tools into the decisions a business or other organization has to make.

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Which branch of economics is the dominant focus behind managerial economics?

  1. Macroeconomics
  2. Econometrics
  3. Microeconomics
  4. Public finance
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Correct answer: C. Microeconomics

Managerial economics draws mainly on firm-level and consumer-level theory such as demand, supply and costs, which is microeconomics.

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Managerial economics is said to act as a link between which two things?

  1. Government and citizens
  2. Banks and borrowers
  3. Exports and imports
  4. Theory and practice
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Correct answer: D. Theory and practice

It carries economic theory into the practical work of managers, so it bridges theory and practice.

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How to practise

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