CIMA CIMAPRA17-BA1-1 Quiz 1 Topic 1 Questions 1-5

Question: 1

The imposition of a tariff on imported goods by a country's government will result in all of the following except one. Which ONE is the exception?

AA shift in domestic income from consumers to producers of the goods

BA rise in the domestic price of the imported good

CGreater cost push inflationary pressure in the economy

DA shift to the left in the demand curve for the imported good

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Question: 2

The managing director of Polly's, a department store, has found that ten of its stores located in the south east of England have seen a significant fall in profit margin.

Which of the following is most likely to be the cause of this?

AAn increase in rent for the premises in which the store is located

BA decrease in sales at these stores

CAn increase in footfall at these stores

DA decrease in rent for the premises in which the store is located

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Question: 3

The term 'financial intermediation' refers to the role of:

Acommercial banks m providing credit facilities for customers

Bbanks in providing business customers with access to financial markets

Cthe financial system in linking net savers with net borrowers.

Dcentral banks as providers of liquidity to the banking system

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Question: 4

Since its release. Bob Aker's 'Cooking to Go' has sold the following number of copies each Q1:

2X13:200

2X14:430

2X15:530

2X16:450

Using these figures and the equation, y (trend) = 500 + 20x, which of the following is the mean seasonal average of sales of Bob Aker's 'Cooking to Go' for Q1 over the last four years?

Calculate all the final and answer and all intermediate workings to 2 dp.

A0.77

B0.85

C1.02

D4.5

E0.63

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Question: 5

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

ALift quantitative restrictions on bank lending

BLower the capital adequacy requirements for banks

CBuy government bonds from the banks

DEase the liquidity ratios banks need to hold

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CIMA CIMAPRA17-BA1-1 Quiz:1 Topic:1 Questions:1-5