BA1 Practice Questions
Fundamentals of Business Economics
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Total Questions : 468
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Our free CIMA Certificate practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about BA1. Use this test to pinpoint which areas you need to focus your study on.
All of the following would be likely to result from the process of globalization except one. Which ONE is the exception?
Miss Ruby designs and makes large ornaments for grand buildings. She is informed that her range of candle sticks have a price elasticity of-1.2
Which of the following plans would be most appropriate?
All of the following were features of the financial crisis of 2008 except one. Which ONE is the exception?
Real GDP per capita in an economy is directly affected by
(i). The quantity of resources located in the economy
(ii). How efficiently the economy uses resources when producing goods and services
(iii). The size of the working population
(iv). The flow of investment income from abroad
Which ONE of the following was NOT a contributor to the Global Banking Crisis after 2007?
Which of the functions of a financial intermediary is described by the following statement 'Bundles small deposits of liquidity into larger loans'?
Which of the following describes the eventual increase in bank deposits that will result from the banking system receiving an additional £2bn of cash deposits whilst holding a cash ratio (or reserve ratio) of 7%?
Which of the following might be regarded as benefits of the single currency, the Euro?
(i). Greater freedom for member countries to set their own interest rates
(ii). It is easier to compare prices of consumer goods in all countries using the Euro
(iii). A reduction in transactions costs for trade between countries using the Euro
(iv). Increased economic growth resulting from a more efficient common market
During recessions many governments borrow to give them funds to increase government expenditure on job creation schemes. They then repay the borrowed funds during the boom phase. This is an example of which of the following?
