CIMA CIMAPRA17-BA1-1-ENG BA1 – Fundamentals of Business Economics (2017 SYLLABUS) (Online) Online Training

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1. It is necessary to include a balancing item in the balance of payments accounts in order to

2. All of the following are elements of a supply side policy except which one?

3. 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?

4. 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?

5. In a fully employed economy, which one of the following would lead to demand pull inflation?

6. Which of the following best defines a fiscal policy?

7. Which one of the following policies to correct a balance of payments current account deficit is an example of an expenditure reducing policy?

8. Which global financial institution is responsible for making long term loans to assist developing countries to invest and develop?

9. All of the following are typical features of the downswing phase of the trade cycle except one.

Which ONE is the exception?

10. If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?


 

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