CIMA Fundamentals of Business Economics - BA1 Exam Practice Test
The managing director of Polly's, a department store, has found that ten of its stores located in the south east of England have seen a significant fall in profit margin.
Which of the following is most likely to be the cause of this?
Which of the following is most likely to be the cause of this?
Correct Answer: A
Vote an answer
Which of the following best defines "aggregate supply"?
Correct Answer: D
Vote an answer
A financial intermediary takes the small deposits of millions of savers and uses them to buy an issue of government (treasury) bills and bonds.
Identify from the list below the principle this illustrates:
Identify from the list below the principle this illustrates:
Correct Answer: C
Vote an answer
If a group of countries have adopted:
(i). Free trade in goods and services between member states,
(ii). Free movement of capital and labor between member states,
(iii). A common external tariff policy,
This would be an example of a(n)
(i). Free trade in goods and services between member states,
(ii). Free movement of capital and labor between member states,
(iii). A common external tariff policy,
This would be an example of a(n)
Correct Answer: A
Vote an answer
A market is in equilibrium. If the government imposes a minimum price above the equilibrium price, there will be:
Correct Answer: A
Vote an answer
Which of the following best defines 'corporate governance'?
Correct Answer: A
Vote an answer
Government X has just increased taxes in order to limit spending and hence demand.
Which of the following is most likely to have been the cause of this fiscal policy?
Which of the following is most likely to have been the cause of this fiscal policy?
Correct Answer: D
Vote an answer
All of the following would tend to make the demand for a good highly price elastic except one. Which ONE is the exception?
Correct Answer: D
Vote an answer
All of the following could cause the onset of a recession except which one?
Correct Answer: B
Vote an answer
Which of the following best describes a project that has a negative Net Present Value?
Correct Answer: C
Vote an answer
Brian has 80 bonds with a total market value of £2400. The interest rate on these bonds is 2.34%.
Using these figures, which of the following is the running yield of each of Brian's bonds?
Using these figures, which of the following is the running yield of each of Brian's bonds?
Correct Answer: D
Vote an answer
A bottle of brandy costs £25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.
Which of the following applies to this particular scenario? Select ALL that apply.
Which of the following applies to this particular scenario? Select ALL that apply.
Correct Answer: A,E
Vote an answer
A business has a contractual requirement to pay a sum of$6m in a foreign currency in 12 months time. It takes out a forward exchange contract from this sum.
Correct Answer: A
Vote an answer