CIMA CIMAPRA17-BA1-1-ENG BA1 – Fundamentals of Business Economics (2017 SYLLABUS) (Online) Online Training
CIMA CIMAPRA17-BA1-1-ENG Online Training
The questions for CIMAPRA17-BA1-1-ENG were last updated at Apr 22,2024.
- Exam Code: CIMAPRA17-BA1-1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification Provider: CIMA
- Latest update: Apr 22,2024
It is necessary to include a balancing item in the balance of payments accounts in order to
- A . Balance the current and capital accounts
- B . Ensure that balance of payments equilibrium is achieved
- C . Record accurately changes in the balance of official reserves
- D . Compensate for mistakes made when recording current and capital flows
All of the following are elements of a supply side policy except which one?
- A . Reductions in the marginal rates of taxation.
- B . Increased entitlement to social security and unemployment benefits.
- C . Increased public expenditure on education and training.
- D . Privatization of public sector industries.
A country has a trade deficit. The demand for its imports and exports are both price elastic.
All of the following would lead to an a reduction in the country’s trade deficit except which one?
- A . A fall in consumer incomes in the country.
- B . An improvement in the country’s terms of trade.
- C . A depreciation in the exchange rate for the country’s currency.
- D . A rise in the rate of inflation in its trading partners’ economies.
All of the following items would appear as a credit on the current account of a country’s balance of payments accounts except which one?
- A . Interest payments on financial assets held overseas.
- B . Exports of manufactured goods.
- C . Outflows of capital.
- D . Expenditure by visiting foreign tourists.
In a fully employed economy, which one of the following would lead to demand pull inflation?
- A . A reduction in the rate of income tax
- B . A rise in value added tax
- C . An increase in the world price of oil
- D . A rise in interest rates
Which of the following best defines a fiscal policy?
- A . A policy that increases government spending to increase national income
- B . A policy which seeks to influence the economy through manipulation of government spending and taxation
- C . A policy aimed at influencing the level of aggregate demand in the economy
- D . A policy which controls inflation by controlling the amount of money in the economy
Which one of the following policies to correct a balance of payments current account deficit is an example of an expenditure reducing policy?
- A . Depreciation of the currency.
- B . The imposition of an import tax.
- C . Increased income tax.
- D . The use of import quotas.
Which global financial institution is responsible for making long term loans to assist developing countries to invest and develop?
- A . The IMF
- B . The World Bank
- C . The World Trade Organization
- D . The G20
All of the following are typical features of the downswing phase of the trade cycle except one.
Which ONE is the exception?
- A . A rise in the level of unemployment
- B . A fall in the rate of inflation
- C . The government budget balance moving towards a deficit
- D . The balance of payments current account moving towards a deficit
If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?
- A . Retail supermarkets
- B . Food processing industry
- C . Petrol retailing
- D . Luxury good manufacturers
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