Free CIMA BA1 Exam Dumps Questions & Answers

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

• A.Ease the liquidity ratios banks need to hold
• B.Lift quantitative restrictions on bank lending
• C.Lower the capital adequacy requirements for banks
• D.Buy government bonds from the banks

Which of the following is most likely to increase rather than to reduce market imperfections?

• A.Informative advertising giving way to persuasive advertising
• B.A lowering of entry barriers separating markets
• C.An increase in the number of buyers and sellers in a market
• D.Employers making greater use of the Internet to advertise job vacancies

Which theory of the firm is described by the following statement?
'The decisions of management are the result of a political maneuvering of the various stakeholders connected to the organization.'

• A.Profit maximizing
• B.Managerial
• C.Satisfying
• D.Behavioral

Assume the demand for cheese is price elastic. Which of the following describes the effect of a rise in demand for cheese?

• A.Higher price, more sold, fall in revenues of cheese makers
• B.Higher price, more sold, rise in revenues of cheese makers
• C.Higher price, less sold, fall in revenues of cheese makers
• D.Higher price, less sold, rise in revenues of cheese makers

The country Messu Potami is a key exporter of steel. However, its prominence as a steel exporter is partially due to its manipulating of exchange rates by buying large amounts of other countries' currencies.
How best can neighbouring countries prevent the cheap exports produced by Messu Potami from affecting their own domestic markets?

• A.Impose an embargo on imports coming from Messu Potami
• B.Impose a fixed tariff on imports coming from Messu Potami
• C.Negotiate a VERA which would restrict the amount of Messu Potamian products entering these countries' domestic markets
• D.Provide a subsidy to markets directly competing with Messu Potamian exports to eliminate any unfair competition