Free Practice CIMA CIMAPRA17-BA1-1-ENG Exam Questions 2025

Stay ahead with 100% Free BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online) CIMAPRA17-BA1-1-ENG Dumps Practice Questions

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Total 471 Questions | Updated On: Mar 06, 2025

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Question 1

Globalization will have all the following effects on businesses except one. Which ONE is the exception?

A : Access to cheaper sources of supply in emerging economies

B : Increased competition on world markets for manufactured goods

C : Decreased international transportation and communications costs

D : The ability to shift production to low cost locations

Answer: C

Question 2

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 3

The business sector will be affected by a contraction in the money supply because

A : Interest rates will tend to fall, thus reducing business costs.

B : Inflation will fall and thus demand in the economy will expand.

C : Consumer credit will contract thus reducing consumer demand.

D : The exchange rate will fall thus making business more internationally competitive.

Answer: C

Question 4

In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?

A : A manufacturer of industrial machine tools

B : A chain of supermarket grocery stores

C : A motor insurance company

D : A toothpaste manufacturer

Answer: A

Question 5

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

A : Mutual savings societies

B : Charities

C : Partnerships

D : Trade Unions

Answer: C

Page: 1 / 95

Total 471 Questions | Updated On: Mar 06, 2025

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