Total Number of Question/s - 3449

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  • 1. Theory of Demand - Quiz


    1. In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the mid-point of the line would be:
    a) 0
    b) 1
    c) 1.5
    d) 2

    2. Demand of a commodity depends upon:
    a) Price
    b) Income
    c) Price of related goods
    d) All of the above

  • 2. Theory of Consumer Behaviour - Quiz


    1. Indifference curves are
    a) Convex to Origin
    b) Concave
    c) Neither ‘a’ nor ‘b’
    d) None

    2. Marshallian utility analysis is known as ________.
    a) Cardinal
    b) Ordinal
    c) Classical
    d) Historical

  • 3. Theory of Supply - Quiz


    1. If a 20% fall in price brings about a 10% fall in quantity supplied, in such a case elasticity of supply will be equal to:
    a) 2.0
    b) 0.5
    c) 1.0
    d) 1.5

    2. When supply is perfectly inelastic, elasticity of supply is equal to:
    a) +1
    b) 0
    c) .1
    d) Infinity

  • 4. Theory of Production - Quiz


    1. Production activity in the short run is analysed by
    a) Returns to scale
    b) Economies of scale
    c) Law of variable proportion
    d) None of these

    2. If a firm’s output is zero, then
    a) AFC will be positive
    b) AVC will be zero
    c) Both of (a) and (b)
    d) None of (a) and (b)

  • 5. Theory of Cost - Quiz


    1. A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 3 units of output?
    a) Rs. 60
    b) Rs. 30
    c) Rs. 40
    d) Rs. 20

    2. If total cost at 10 units is Rs. 600 and Rs. 640 for 11th unit. The marginal cost of 11th unit is:
    a) Rs. 20
    b) Rs. 30
    c) Rs. 40
    d) Rs. 50

  • 6. Market - Quiz


    1. Market which have two firms are known as:
    a) Oligopoly
    b) Duopoly
    c) Monopsony
    d) Oligopsony

    2. Given the relation MR=P $\left ( 1-\frac{1}{e} \right )$ if>1, then:
    a) MR>0
    b) MR<0
    c) MR=0
    d) None

  • 7. Determination of Price - Quiz


    1. If price is forced to stay below equilibrium price:
    a) Excess supply exists
    b) Excess demand exists
    c) Either (a) or (b)
    d) Neither (a) nor (b)

    2. For maximum profit, the condition is:
    a) AF=AC
    b) MR=MC
    c) MR=AR
    d) MC=AC

  • 8. Price and Output Determination - Quiz


    1. Which of the following is not a feature of oligopoly market?
    a) Interdependence of the firms in decision making
    b) Price rigidity
    c) Group behaviour
    d) Existence of large number of firms.

    2. The demand curve of an oligopolists is:
    a) Determinate
    b) Indeterminate
    c) Circular
    d) Vertical

  • 9. Introduction to Microeconomics - Quiz


    1. Which of the following are the features of a mixed economy?
    a) Planned economy
    b) Dual system of pricing exists
    c) Balanced regional development
    d) All of the above

    2. Economic Problem arises when:
    a) Wants are unlimited
    b) Resources are limited
    c) Alternative uses of resources
    d) All of the above

  • 10. Money - Quiz


    1. Which of the following measures of money supply is considered narrow concept of money supply?
    a) M1
    b) M2
    c) M3
    d) M4

    2. The difference between broad money and narrow money is:
    a) Post office deposits
    b) Term deposits with banks.
    c) Savings
    d) Currency

  • 11. Commercial Banks - Quiz


    1. Rural bank branches constitute _________ percent of total Bank branches in India in June 2006 (updated):
    a) 14
    b) 60
    c) 44
    d) 82

    2. What can RBI do, if it wants to control credit in the economy?
    a) Decrease Bank rate and CRR
    b) Increase Bank rate and CRR
    c) Increase Bank rate and decrease CRR
    d) Any of above

  • 12. Reserve Bank of India - Quiz


    1. Which of the following is used as a measure of credit control by Central Bank?
    a) Moral Suasion
    b) Issue of Directives
    c) Direct Action
    d) All of the above.

    2. Which one of the following is not an objective of RBI?
    a) Economic stability
    b) Issue of currency
    c) Advancing loans to public
    d) Maintenance of foreign exchange reserves

  • 13. Economic Reforms in India - Quiz


    1. Which of the following industries are not reserved for public sector presently?
    a) Atomic energy
    b) Railways
    c) Defense
    d) Substances specified in the schedule to the notification of the government of India in the department of atomic energy

    2. Devaluation of currency stands for:
    a) Increasing the value of internal currency in terms of foreign currency
    b) Reducing the value of internal currency in terms of foreign currency
    c) Keeping the value of internal currency constant in terms of foreign currency
    d) None of the above.

  • 14. Liberalisation, Privatization and Disinvestment - Quiz


    1. Disinvestment is a process of ________:
    a) Disposal of public sector unit’s equity in the market
    b) Relaxation of government restrictions
    c) Transfer of assets from public to private sector
    d) All of above

    2. EPCG stands for _________ :
    a) Export Promotion capital goods
    b) Expert Programmer for Credit Generation
    c) Exchange Programmer for Consumer goods
    d) Export Promotion Consumer Goods

  • 15. Globalization - Quiz


    1. WTO was formed in _________:
    a) 1990
    b) 1991
    c) 2000
    d) 1995

    2. Which organization was replaced by WTO in 1995?
    a) GATT
    b) IMF
    c) World Bank
    d) None

  • 16. Indian Economy - Quiz


    1. HDI does not consists of :
    a) Longetivity
    b) Knowledge
    c) Life expectancy
    d) Standard of living

    2. How do we measure human well being through human development Index:
    a) Through life expectancy at birth
    b) Through standard of education
    c) Through real GDP per capital
    d) All of these

  • 17. Role of Different Sectors - Quiz


    1. Which of the following is the largest contributor of GDP in India?
    a) Agriculture
    b) Tourism
    c) Industry
    d) Service Sector

    2. ________ provides crop storage facility in India
    a) IDBI
    b) FCI
    c) ICICI
    d) IFCI

  • 18. National Income - Quiz


    1. GDP at factor cost is equal to GDP at market price minus ________ plus subsidies.
    a) Direct taxes
    b) Indirect taxes
    c) Foreign loans
    d) Depreciation

    2. As per the Value Added Method of measuring national income identify which of the following item is excluded?
    a) Brokerage and Commission earned by dealers of second hand goods
    b) Sale of second hand machines
    c) Production for Self Consumption
    d) Imputed rent of owner occupied houses.

  • 19. Tax System - Quiz


    1. MODVAT was introduced in India in union budget of:
    a) 1985-86
    b) 1986-87
    c) 1987-88
    d) 1988-89

    2. Cenvat is related to:
    a) Sales
    b) Excise
    c) Income
    d) All of these

  • 20. Population - Quiz


    1. Life expectancy of birth in India in 2011 is :
    a) 63.5
    b) 68.3
    c) 59.7
    d) 75.2

    2. Increase in population can occur by ________.
    a) High birth rate
    b) Low death rate
    c) Immigration
    d) All of the above.

  • 21. Poverty - Quiz


    1. ___________ Co-efficient is used to measure income inequalities.
    a) Gini-Co-efficient
    b) HDI
    c) Both
    d) None

    2. Which of the following cannot remove poverty in India?
    a) Population control
    b) Increase in production
    c) Equitable distribution
    d) Government subsidies.

  • 22. Unemployment - Quiz


    1. _________ is defined as the number of persons in the labour force per 1000 persons:
    a) WPF
    b) LFPR
    c) CWS
    d) CDS

    2. According to measure a person is said to be employed for a week even if he is employed only for a day during the week:
    a) Usual status
    b) Current weekly status
    c) Current daily status
    d) Current yearly status

  • 23. Infrastructrual Challenges - Quiz


    1. Sarva Siksha Abhiyan was launched in the year _______ in India.
    a) 1986-87
    b) 2001-02
    c) 2002-03
    d) 2003-04

    2. India has a long coastline of :
    a) 7515 Km
    b) 7516 Km
    c) 7517 Km
    d) 7518 Km

  • 24. Inflation - Quiz


    1. Which one of the following is not a component of demand pull inflation?
    a) An increase in government expenditure with no change in tax rate
    b) A downward shift in savings function.
    c) A rise in money wage rate
    d) An upward shift of investment function.

    2. Inflation resulting from increased money expenditure is called:
    a) Cost push inflation
    b) Demand pull inflation
    c) Stagflation
    d) None of the above

  • 25. Budget and Fiscal Deficits - Quiz


    1. If borrowing and order liabilities are added to the budget deficits we get ______:
    a) Fiscal deficit
    b) Primary deficit
    c) Capital deficit
    d) Revenue Deficit

    2. The most important sources of plan finance to cover up gap between intended expenditure and available resource is in:
    a) Direct taxes
    b) Indirect taxes
    c) Deficit financing
    d) Foreign aid

  • 26. Balance of Payment - Quiz


    1. Which one of the following was not the immediate cause of 1991 economic crisis?
    a) Rapid growth of population
    b) Severe inflation
    c) Expanding fiscal deficit
    d) Rising current account deficit.

    2. The difference between the value of a nations visible exports and visible import is
    a) Balance of trade
    b) Balance of payments
    c) Balance of current Account
    d) Balance of Capital Account

  • 27. External Debt - Quiz


    1. The share of concessional debt in total external debt has :
    a) Remained the same
    b) Doubled
    c) Reduced
    d) Increased

    2. When external debt of a country is more than its interest obligation, it is _______:
    a) Debt Trap
    b) Liquidity trap
    c) Entry trap
    d) None