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CIMA BA1 Exam With Confidence Using Practice Dumps

Exam Code:
BA1
Exam Name:
Fundamentals of Business Economics
Certification:
Vendor:
Questions:
468
Last Updated:
Nov 5, 2026
Exam Status:
Stable
CIMA BA1

BA1: CIMA Certificate Exam 2025 Study Guide Pdf and Test Engine

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Fundamentals of Business Economics Questions and Answers

Question 1

Which ONE of the following would make the market supply of a product price elastic?

Options:

A.

Suppliers are unable to store unsold product

B.

Firms can join the industry easily

C.

Demand is price elastic

D.

There is a shortage of resources to make the product

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Question 2

If the price elasticity of supply for a good over a certain price range is 0.8, the increase in the quantity supplied of that good, following a 10% increase in its price, will be

Options:

A.

0.8%

B.

8.0%

C.

18%

D.

80%

Question 3

The equilibrium level of national income in an economy is the level of income at which

Options:

A.

Full employment occurs

B.

There is zero inflation

C.

Total planned spending equals the supply of output available

D.

The government's budget and the balance of payments are both exactly balanced