April, 2024 BA1 Practice Questions

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Name: Fundamentals of Business Economics
Exam Code: BA1
Certification: CIMA Certificate
Vendor: CIMA
Total Questions: 468
Last Updated: April 19, 2024
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CIMA BA1 Sample Questions

Sample Question 1

Which of the following best defines a fiscal policy?

A. A policy that increases government spending to increase national income 
B. A policy which seeks to influence the economy through manipulation of governmentspending and taxation 
C. A policy aimed at influencing the level of aggregate demand in the economy 
D. A policy which controls inflation by controlling the amount of money in the economy 

Sample Question 2

Which one of the following policies to correct a balance of payments current account deficit is an example of an expenditure reducing policy?

A. Depreciation of the currency. 
B. The imposition of an import tax. 
C. Increased income tax. 
D. The use of import quotas. 

Sample Question 3

Which global financial institution is responsible for making long term loans to assist developing countries to invest and develop?

A. The IMF 
B. The World Bank 
C. The World Trade Organization 
D. The G20 

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