Free CIMA CIMAPRA17-BA1-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA17-BA1-1-ENG exam questions and correct answers

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Total 471 Questions | Updated On: Mar 26, 2025

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Question 1

Which of the following influences explains why the average costs of a firm will rise in the short run?

A : economies of scale

B : ing unit costs

C : minishing marginal returns

D : minishing returns to scale

Answer: C

Question 2

Company A is looking to protect itself from transaction exchange rate risk.

Company A does not require 100% of the value of transaction to be protected, and it would like the method it uses to have the following characteristics

* An agreed exchange rate for a specified period where both parties have a legal obligation

* A separation of the contract guaranteeing the pnce of the currency from the underlying transaction.

Which of the following would best provide the type of protection from exchange rate risk company A wants?

A : ture

B : tion

C : rward contract

D : oating exchange rate

Answer: C

Question 3

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 4

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

A : (i) and (iv) only

B : (i) and (ii) only

C : (ii), (iii) and (iv) only

D : (i), (ii) and (iii)

Answer: D

Question 5

All of the following are examples of not-for-profit organizations except one. Which ONE is the exception?

A : tual savings societies

B : arities

C : rtnerships

D : ade Unions

Answer: C

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Total 471 Questions | Updated On: Mar 26, 2025

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