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Exam Code : CIMAPRA17-BA1-1-ENG
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CIMAPRA17-BA1-1-ENG Questions and Answers

CIMAPRA17-BA1-1-ENG.html


Question: 90


A business would benefit most from an appreciation in the currency of the country in which it is based if: A . it exports to other countries a significant proportion of its output

B . it imports a high proportion of the raw materials and components it uses C . in its domestic market it faces competition from imports

D . its production costs are largely domestic labor costs


Answer: B


Question: 91


All of the following could cause the onset of a recession except which one? A . A significant appreciation of the exchange rate

B . A decline in business investment

C . A significant fall in personal savings rates

D . An increase in the government budget deficit


Answer: C


Question: 92


All of the following items would appear as a credit on the current account of a country’s balance of payments accounts except which one?

A . Interest payments on financial assets held overseas. B . Exports of manufactured goods.

C . Outflows of capital.

D . Expenditure by visiting foreign tourists.


Answer: C


Question: 93


When the economy is in recession, which of the following is least likely to reduce unemployment? A . An expansionary fiscal policy

B . The central bank cutting interest rates

C . Retraining schemes for redundant workers

D . A regulation extending employment rights for newly-hired workers


Answer: D


Question: 94


All of the following would lead to fall in the circular flow of national income except which one ? A . A fall in business investment

B . A fall in personal savings rates

C . A reduction in the level of government expenditure D . A rise in the marginal propensity to save


Answer: D


Question: 95

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?

A . A shift in domestic income from consumers to producers of the goods

B . A rise in the domestic price of the imported good

C . Greater cost push inflationary pressure in the economy

D . A shift to the left in the demand curve for the imported good


Answer: D


Question: 96


Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?

A . The IMF

B . The World Bank

C . The World Trade Organization D . The G20


Answer: A


Question: 97


Which of the following statements about supply-side economics is correct? A . Supply-side policies are part of aggregate demand management policies. B . Fiscal policy cannot be used as a part of supply-side policy

C . Supply-side economists always reject the use of policy to expand demand

D . Supply-side policies are used to improve the economy’s efficiency and competitiveness

Answer: D


Question: 98


If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?

A . Retail supermarkets

B . Food processing industry C . Petrol retailing

D . Luxury good manufacturers


Answer: D


Question: 99

All of the following are regarded as objectives of profit seeking organizations except one. Which ONE is the exception?

A . Raising shareholder wealth

B . Long term growth in sales

C . Meeting regulatory, accounting and reporting standards D . Maximizing profit


Answer: C


Question: 100


Select the best definition of a regressive tax from the options below: A . A tax which rises proportionately with income

B . A tax which rises more than proportionately with income C . A tax which rises less than proportionately with income D . A tax on expenditure


Answer: C


CIMA CIMAPRA17-BA1-1-ENG Exam (Fundamentals of Business Economics) Detailed Information

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