Most Recent CIMAPRA17-BA1-1 Exam Questions & Answers

Prepare for the CIMA BA1 - Fundamentals of Business Economics exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA1-1 exam and achieve success.

The questions for CIMAPRA17-BA1-1 were last updated on Dec 21, 2024.

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Question No. 1

Which of the following is an example of an indirect tax?

ACorporation tax

BIncome tax

CInheritance tax

DSales tax

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Correct Answer: D

Question No. 2

Why do monopoly market structures charge higher prices than would be charged by more competitive market structures?

AThey are more likely to suffer from diseconomies of scale

BThey must recover their higher research and development expenditures

CThey can increase profits by reducing output to force prices higher

DThey have barriers to entry that stop customers going to new markets

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Correct Answer: C

Question No. 3

Financial intermediation is the process by which

ANet savers and net borrowers are brought together.

BBanks create credit on the basis of their liquid assets.

CThe central bank acts as a link between commercial banks and the government.

DBanks provide commercial services for their customers.

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Correct Answer: A

Question No. 4

The managing director of Polly's, a department store, has found that ten of its stores located in the south east of England have seen a significant fall in profit margin.

Which of the following is most likely to be the cause of this?

AAn increase in rent for the premises in which the store is located

BA decrease in sales at these stores

CAn increase in footfall at these stores

DA decrease in rent for the premises in which the store is located

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Correct Answer: A

Question No. 5

A railway franchise in north-eastern Messu Potami has recently changed hands, and is now being operated by the company IstClass. However, IstClass already operate the railway franchise in northwestern Messu

Potami.

Which of the following courses of action would be most appropriate for the government of Messu Potami to take?

Select ALL that apply.

AEstablish a regulatory body to prevent a regional monopoly

BRerun the franchise bidding process if it found that IstClass are imposing additional price rises due to the regional monopoly

CAllow the regional monopoly to exist, increasing fare prices for passengers on trains in both north-western and north-eastern Messu Potami

DImpose a uniform sales tax on all railway tickets which would equalise prices across the country

EImmediately nationalise the railway network, ending all private franchises and thus any regional monopolies

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Correct Answer: A, B

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