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
In a customs union member countries
- A . Meet to agree tariff increases affecting internal trade between themselves
- B . Trade freely with each other and impose their own national restrictions on trade with the rest of the world
- C . Trade freely with each other and accept a common external tariff for trade with the rest of the world
- D . Replace national currencies with a common currency such as the Euro
Which of the following is not likely to result from a fall in the rate of interest?
- A . Increased consumption
- B . Increased investment
- C . A higher exchange rate
- D . An increase in aggregate demand
An important distinction between a free trade area and a customs union is that
- A . Only a customs union erects a common external tariff
- B . Only a free trade area allows free internal trade in services as well in goods
- C . Only a customs union is an example of a multilateral trading agreement
- D . Only a free trade area involves common economic policies
Which ONE of the following would appear as a debit item on a country’s balance of payments current account?
- A . Overseas investment by a domestic multinational company
- B . Expenditure in the country by an overseas visitor
- C . A flow of company profits to the parent company based in another country
- D . Payment by an overseas company for services provided in the country
The level of national income in the circular flow will remain constant if
- A . injections are greater than withdrawals
- B . injections are equal to withdrawals
- C . injections are equal to savings
- D . injections plus withdrawals are equal to savings plus investment
In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?
- A . A manufacturer of industrial machine tools
- B . A chain of supermarket grocery stores
- C . A motor insurance company
- D . A toothpaste manufacturer
Which ONE of the following would best indicate that economic growth is taking place?
An increase in:
- A . The economy’s output gap
- B . Investment to make good wear and tear of the national capital stock
- C . Investment in human capital
- D . Gross domestic product sustained over a number of years
The imposition of a tariff on imported goods by a country’s government will result in all of the following except one.
Which ONE is the exception?
- A . A shift in domestic income from consumers to producers of the goods
- B . A rise in the domestic price of the imported good
- C . Greater cost push inflationary pressure in the economy
- D . A shift to the left in the demand curve for the imported good
All of the following are features of the process of globalization except which one?
- A . Increased flows of factors of production between economies.
- B . Higher international disparities in rates of return on capital.
- C . Increasing interdependence between economies.
- D . Higher levels of trade in components and semi-finished goods.
Which ONE of the following is an External stakeholder in a state-owned energy provider?
- A . The industry regulator
- B . A firm selling equipment to the energy provider
- C . Customers of the energy provider
- D . The government
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