Free CIMA CIMAPRA17-BA1-1-ENG Exam Questions

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Total 471 Questions | Updated On: Nov 12, 2024

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Question 1

A regressive tax is defined as one where:

A : amount of tax paid by a taxpayer falls as income rises

B : rate of tax is different for different income levels

C : proportion of income paid in tax rises as income falls

D : tax is levied on expenditure not income

Answer: C

Question 2

Which of the following economic conditions is likely to lead to demand-pull inflation?

A : increase in interest rates and a rise in the world price of oil

B : increase in government spending and firms operating at full capacity

C : creased monopoly power in goods and labor markets

D : worsening balance of payments deficit and a rising exchange rate

Answer: B

Question 3

All of the following are functions of central banks except which one?

A : nker to the commercial banks

B : lder of the foreign exchange reserves

C : nker to the government

D : termination and conduct of fiscal policy

Answer: D

Question 4

A market for a normal good is in equilibrium. What will happen in this market if there was an increase in consumer incomes?

A : demand curve would shift to the right, the equilibrium price would rise and there would be an increase in supply

B : demand curve would shift to the left, the equilibrium price would fall and there would be a contraction in supply

C : demand curve would shift to the right, the equilibrium price would rise and there would be an extension in supply

D : demand curve would shift to the left, the price would fall and there would be a decrease in supply

Answer: C

Question 5

Which ONE of the following is NOT required in calculating the EPS of ABC plc?

A : market price of ABC's share

B : number of shares ABC has in issue

C : most recent earnings after interest and tax of ABC

D : dividend payment made to holders of preference shares

Answer: A

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Total 471 Questions | Updated On: Nov 12, 2024

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