Solve Question for CA Foundation Exam 2024 

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Q1. The long term investments that have no physical existence but have rights to information or value are called:

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(a) Fixed assets (b)  Intangible assets (c) Investments (d) Current assets

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Q2. The assets that can be converted into cash in a very short duration of time, approximately less than a year, are called:

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(a) Fixed assets (b)  Intangible assets (c) Current assets (d) Investments

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Q3. The debts which are to be repaid within a very short duration of time are called:

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(a) Current liabilities (b)  Contingent liabilities (c) Fixed liabilities (d) All of the Above

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Q4. The primary or the capital that is consumed by a system or a form in the production process is known as:

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(a) Production cost (b)  Capital loss (c) Depreciation (d) Deadweight loss

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Q5. Who propounded the oppurtunity cost theory of global trade?

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(a) Marshall (b)  Ricardo (c) Haberler (d) Ohlin and Heckscher

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Q6. The Horizontal demand curve collateral to the x-axis expresses that the elasticity of the demand is:

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(a) Infinite (b)  Zero (c) Equals to 1 (d) greater than zero but less than infinity

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Q7. How many institutions or companies are considered in the BSE Sensex?

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(a) 25 (b)  50 (c) 30 (d) 111

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Answer key 1. Ans. C 2. Ans. C 3. Ans. A 4. Ans. C 5. Ans. C 6. Ans. B 7. Ans. B

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