CIMA CIMAPRA17-BA1-1 Exam Actual Questions

Name: BA1 - Fundamentals of Business Economics
Brand: QA4Exam
SKU: CIMAPRA17-BA1-1
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The questions for CIMAPRA17-BA1-1 were last updated on Oct 8, 2024.

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Question No. 1

Which of the following is an example of reflationary monetary policy?

ALowering interest rates in order to boost the economy during a recession.

BIntroducing a tax on financial transactions in order to reduce the volume of speculative transactions

CIncreasing investment in education in order to improve the long term competitiveness of the economy

DReducing government expenditure in order to rem in a budget deficit

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Correct Answer: A

Question No. 2

Which of the following will NOT cause an increase in the demand for public transport in City L?

AA change in consumer preferences favoring transportation that reduces carbon emissions

BAn increase in the price of car insurance

CA drop in the price of City L cab rides

DAn increase in the population of City L.

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Correct Answer: C

Question No. 3

Which of the following is NOT a feature of the data?

ABig data analysis requires companies to invest in specialist data analytic skills

BBig data can sometimes be harvested from electronic devices such as smart meters and GPS systems

CBig data is such a large volume that it cannot be analysed through spreadsheets

DBig data is purposefully collected from carefully designed samples through surveys and interviews

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Correct Answer: C

Question No. 4

If a central bank wished to increase the supply of money and credit in the economy it would:

Asell bonds and raise interest rates

Bbuy bonds and reduce interest rates

Csell bonds and reduce interest rates

Dbuy bonds and raise interest rates

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Correct Answer: B

Question No. 5

The following table reports are for five hotels belonging to the same hotel chain, the rank in terms of sales performance (with 1 - best average score obtained in customer reviews, and the rank in terms of average score from customer reviews (with 1 = best average ..

Calculate the Spearman's rank correlation coefficient to one decimal place:

A1.8

B2.8

C3.8

D4.8

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Correct Answer: A

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