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 11,2025.
- Exam Code: CIMAPRA17-BA1-1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification Provider: CIMA
- Latest update: May 11,2025
Which of the following will be characteristics of the stakeholders most able to influence the management of an organization?
- A . High power, low interest
- B . High power, high interest
- C . Low power, high interest
- D . Low power, low interest
Country Y and country Z both impose tariffs on goods imported from each other.
Which of the following would likely to be a long-term effect of the imposition of such tariffs?
- A . None. Tariffs affect exports and imports rather than real income
- B . Real income would be lower in Z but higher in Y
- C . Real income would be lower in Y but higher in Z
- D . Real income would grow at a slower rate in both countries compared to a situation in which there are no tariffs
All of the following are supply side policies to promote economic growth except which one?
- A . Reduction of marginal rates of income tax.
- B . Tariffs to encourage domestic suppliers of goods.
- C . Deregulation of the financial sector.
- D . Tax relief for business expenditure on research and development.
Which of the following is not a consequence of a country suffering a high rate of inflation?
- A . A depreciation in its exchange rate compared to currencies from countries with lower inflation rates
- B . A high nominal rate of interest
- C . Impoverishment of households on fixed incomes
- D . Excess aggregate demand for goods and services
A firm is considering a large capital investment project.
It is considering delaying it in case the government introduces special tax breaks for investment that will reduce the tax the firm pays. In which stage of the trade cycle is the government least likely to reduce taxation?
- A . Recession
- B . Depression
- C . Recovery
- D . Boom
Which global institution is concerned with enforcing the GATT?
- A . The IMF
- B . The World Bank
- C . The World Trade Organization
- D . The G20
All of the following are characteristics of a recession except which one?
- A . Rising levels of unemployment.
- B . Increased inflationary pressure.
- C . Improving trade balances.
- D . Increased government budget deficits.
When the economy is in recession, which of the following is least likely to reduce unemployment?
- A . An expansionary fiscal policy
- B . The central bank cutting interest rates
- C . Retraining schemes for redundant workers
- D . A regulation extending employment rights for newly-hired workers
All of the following will result from increased international mobility of factors of production except which one?
- A . A rise in world income and output.
- B . Decreased international factor price differentials.
- C . Increased financial flows on countries balance of payments capital accounts.
- D . Decreased international specialization in production.
In a recession, the central bank might adopt a policy of low interest rates.
The businesses most likely to benefit from this are those which:
- A . Sell their products mostly on credit
- B . Have low gearing ratios
- C . Are dependent on imported components and raw materials
- D . Produce services rather than manufactured goods
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