Free CIMA CIMAPRA17-BA1-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA17-BA1-1-ENG exam questions and correct answers

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Total 471 Questions | Updated On: Aug 18, 2026

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Question 1

Which ONE of the following circumstances is essential if producer incomes are to rise following the imposition of a price floor (minimum price) in a market?

A : rket supply is price inelastic

B : rket demand is price inelastic

C : rket supply is price elastic

D : rket demand is price elastic

Answer: B

Question 2

Which of the following describes a 'spot rate' in foreign currency dealing?

A : is a short term rate that may change in the immediate future

B : is the price for a currency that is to be delivered immediately

C : is the exchange rate minus any commissions or transactions charges

D : is the exchange rate minus the inflation rate

Answer: B

Question 3

Which of the following statements about the sources of stakeholder conflict is true?

A : fferent stakeholders have different objectives

B : various stakeholders have differing degrees of influence

C : akeholder conflict only occurs in not-for -profit organizations

D : akeholders with high interest sometimes have limited influence

Answer: A

Question 4

If the government imposed a legal minimum wage that was above the market equilibrium wage, the resulting unemployment would be the greatest when:

A : demand for labor and the supply of labor are both price inelastic

B : demand for labor and the supply of labor are both price elastic

C : demand for labor is price inelastic and the supply of labor is price elastic

D : demand for labor is price elastic and the supply of labor is price inelastic

Answer: B

Question 5

When central banks adopt a policy of 'quantitative easing' this means that they:

A : ft quantitative restrictions on bank lending

B : wer the capital adequacy requirements for banks

C : y government bonds from the banks

D : the liquidity ratios banks need to hold

Answer: C

Page: 1 / 95

Total 471 Questions | Updated On: Aug 18, 2026

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