Name: BA1 - Fundamentals of Business Economics
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Free CIMA CIMAPRA17-BA1-1 Exam Actual Questions

The questions for CIMAPRA17-BA1-1 were last updated On Nov 17, 2024

Question No. 1

The real rate of interest is

AThe rate of interest charged by banks on loans.

BThe nominal rate of interest adjusted for inflation.

CThe compound rate of interest.

DThe rate of interest charged on loans plus administrative charges.

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Correct Answer: B

Question No. 2

If a central bank wished to increase the supply of money and credit in the economy it would:

Asell bonds and raise interest rates

Bbuy bonds and reduce interest rates

Csell bonds and reduce interest rates

Dbuy bonds and raise interest rates

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Correct Answer: B

Question No. 3

The imposition of a tariff on imported goods by a country's government will result in all of the following except one. Which ONE is the exception?

AA shift in domestic income from consumers to producers of the goods

BA rise in the domestic price of the imported good

CGreater cost push inflationary pressure in the economy

DA shift to the left in the demand curve for the imported good

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Correct Answer: D

Question No. 4

All of the following will result from increased international mobility of factors of production except which one?

AA rise in world income and output.

BDecreased international factor price differentials.

CIncreased financial flows on countries balance of payments capital accounts.

DDecreased international specialization in production.

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Correct Answer: D

Question No. 5

Which of the following best describes the term 'National Debt'?

AMoney the government owes to governments of other countries

BMoney the government must borrow to make up the shortfall between tax revenue and government expenditures

CSpecial assets issued by government to finance wars

DThe accumulated borrowings by the government in previous years that have not yet been repaid

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Correct Answer: D