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: Jun 04, 2025

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Question 1

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 2

Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.

y = - 3935 47 + 2 02x

Using the equation, what is the company's predicted sales for the year 2020? Give your answer to the nearest million.

A : $15 million

B : $25 million

C : $35 million

D : $45 million

Answer: A

Question 3

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 4

Which of the following economic conditions is likely to lead to demand-pull inflation?

A : increase in interest rates and a rise in the world price of oil

B : increase in government spending and firms operating at full capacity

C : creased monopoly power in goods and labor markets

D : worsening balance of payments deficit and a rising exchange rate

Answer: B

Question 5

All the following statements about small firms are correct except one. Which statement is incorrect?

A : all firms do not generally raise finance on the capital market

B : nks may refuse to lend to small firms because of the risk involved

C : all firms are common in industries which display increasing returns to scale

D : all firms are common in industries where there are niche markets

Answer: D

Page: 1 / 95

Total 471 Questions | Updated On: Jun 04, 2025

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