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 10,2025.
- Exam Code: CIMAPRA17-BA1-1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification Provider: CIMA
- Latest update: May 10,2025
Which of the following would not increase barriers to world trade?
- A . Different governments imposing different health and safety requirements for agricultural products
- B . An oil exporting country insisting that oil is paid for in US dollars
- C . The abolition of subsidies given to farmers in the European Union
- D . A requirement by the Japanese government that customs documents be presented and completed in Japanese
Which of the following statements about the difference between profit and shareholder wealth is false?
- A . Shareholder wealth considers financial returns over a longer period than profit
- B . Shareholder wealth takes risk into account
- C . Shareholder wealth is a discounted present value of anticipated future earnings but profit is just a short term measure of past earnings
- D . Shareholder wealth influences share prices but profit does not
A ‘supply-side’ economist would recommend that in the long term, a country’s unemployment problem should be tackled by
- A . A reduction in the money supply
- B . Income tax cuts to promote labor market incentives
- C . Tax cuts to expand aggregate demand
- D . Increasing the job-seekers allowance and the period for which it can be claimed
All of the following are features of an economic union (for example, the European union) except which one?
- A . A fixed exchange rate relative to non union currencies.
- B . Free movement of goods and services between member states.
- C . A common external tariff.
- D . Free movement of factors of production between member states.
Which of the following businesses would benefit most from an expansionary monetary policy?
- A . Companies with high levels of borrowing producing consumer durables.
- B . Companies with low levels of borrowing in the supermarket industry.
- C . Cash rich companies producing consumer durable goods.
- D . Low geared companies whose inputs are mainly imported.
Identify from the list below the financial instrument that is not a method of government borrowing:
- A . Cash (i.e. notes and coins)
- B . Taxation
- C . Contributions to state-provided pensions
- D . Government bonds
The consequences of globalization for national economies include all of the following except which one?
- A . Greater independence in economic policy making.
- B . Increased international trade and capital flows.
- C . Greater synchronization of trade cycles.
- D . Increased vulnerability to external economic shocks.
Some not-for-profit organizations (NPOs) are required to show they are effective.
Which one of the following most closely defines effective?
- A . Conducts its activities and operations at low cost
- B . Achieves the goals and objectives set for it
- C . Finds the correct balance between cost and benefit
- D . Doesn’t make losses
All the following statements relate to an increase in government spending which is not accompanied by an increase in taxation.
Which statement is NOT correct?
- A . The government’s budget deficit will increase
- B . The aggregate demand curve will shift to the right
- C . The initial change in government spending may lead to a larger impact upon the economy
- D . An expansionary monetary policy is being pursued
Which of the following statements best describes a private firm?
- A . An organization that does not seek profit
- B . An organization that is owned by shareholders
- C . An organization that is outside the state’s influence
- D . An organization that is not directly owned by the state
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