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 May 09,2025.
- Exam Code: CIMAPRA17-BA1-1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification Provider: CIMA
- Latest update: May 09,2025
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.
Part of a country’s unemployment figures will consist of people moving between jobs.
Which type of unemployment is this?
- A . Structural unemployment
- B . Cyclical (or demand deficient) unemployment
- C . Frictional unemployment
- D . Real wage unemployment
As the process of globalization increases, typical businesses will
- A . Depend more and more on their domestic markets.
- B . Have to raise more capital from internal sources.
- C . Have less need to increase their international competitiveness.
- D . Be more and more affected by changes in exchange rates.
CORRECT TEXT
A bond has a coupon rate of 7%, a nominal value of $100 and a market price of $140
The percentage running yield is %
Which of the following best defines “aggregate supply”?
- A . The stock of output available for sale in an economy
- B . The full employment level of output of the economy
- C . The flow of goods and services produced by an economy during the year
- D . The level of prices at which output can be sold in an economy
Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?
- A . The IMF
- B . The World Bank
- C . The World Trade Organization
- D . The G20
A country is a net oil exporter and the demand for oil overseas is price inelastic. A substantial increase in the world price of oil would tend to
- A . Improve the country’s balance of payments on current account
- B . Improve the price competitiveness of manufacturing firms in the country
- C . Cause the country’s terms of trade to deteriorate
- D . Increase GDP but not GNP in the country
The Phillips curve shows that the government
- A . cannot use monetary policy to reduce the level of unemployment without causing a rise in interest rates.
- B . can only use fiscal policy to reduce the rate of unemployment in the short run but not in the long run.
- C . can only use expansionary policy to reduce the level of unemployment if it is prepared to accept a higher rate of inflation.
- D . in the long run expansionary fiscal and monetary policy can only lead to higher inflation and higher unemployment.
Which of the following is the most likely cause of a demand deficient unemployment (or cyclical unemployment)?
- A . A fall in domestic interest rates
- B . Significantly lower labor costs available in a developing country
- C . Improvement in the terms of trade
- D . Excess aggregate demand in the economy of a trading partner
Which of the following is most likely to lead an economy to suffer high unemployment?
- A . Withdrawals exceeding injections
- B . Aggregate demand exceeding aggregate supply
- C . Injections exceeding withdrawals
- D . A fiscal deficit
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