Eco For CA Foundation by CA. Deepak Mulchandani
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CA Foundation Concepts & Revision for Economics and Daily Free MCQ and current updates
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Economics is what Economists do’ is given by
According to ————————— Economics is the “the study of how in a civilized society one obtains the share of what other people have produced and of how the total product of society changes and is determined”
Lionel Robbins Published his famous book “Nature and Significance of Economics” in the year
Adam Smith defined Economics in term of:
Adam smith published his masterpiece “An Enquiry into the Nature and Causes of Wealth of Nations” in the year
🚨 Dear Future CAs, 🫰🫰👉🏼👈🏻 Attention Please! for Economics🚨
As we are reaching the final phase of your Economics course, it's time to stop collecting notes 📚 and start collecting marks 💯.
The next few weeks are all about converting your preparation into exam performance. Here are a few things to remember:
1. 🎯Don't spend hours reading one chapter and solve only 5-10 MCQs.
That's like going to the gym, taking selfies 📸 and expecting six-pack abs. 😅
2. ✅ Solve LOTS of MCQs & Mock Tests every single day.
3. ❌Every wrong answer is actually free tuition.
Don't just check the answer... understand WHY you got it wrong.
4. 📖 Stop rereading entire chapters.
Open only the topic where you made mistakes and revise that.
5. 🎯 Work on your weaknesses, not your comfort zone.
That's where the real improvement happens.
6. 🎲 Mock Tests are non-negotiable!
Till now you've studied Chapter 1 → Chapter 2 → Chapter 3...
📝 But the ICAI paper says...
"Let's mix everything and see what happens!" 😂
So train your brain to handle random MCQs from random topics, just like the real exam.
7. ⚡ *Quick Revision = Smart Revision*
To make your revision faster and more effective, we've already provided Revision Slides in the app. Use them wisely—they'll save you hours of revision time.
🔥 Remember:
Read Less. Practice More. Analyse Mistakes. Repeat.
Let's make these last few weeks count! 💪🎯
All the Best! ❤️🫰🫰🫰👉🏼👈🏻
The term ‘Economics’ owes its origin to the Greek word
In an economy people have the freedom to buy or not to buy the goods offered in the market place, and this freedom to choose what they buy dictates what producers will ultimately produce. The key term defining this condition is
The various combinations of goods that can be produced in any economy when it uses its available resources and technology efficiently are depicted by
The branch of economic theory that deals with the problem of allocation of resources is
Larger production of goods would lead to higher production in future.
Which of the following is not one of the four central questions that the study of economics is supposed to answer?
Which of the following is not a subject matter of micro-economies?
Labour intensive technique would get chosen in a
Capital intensive technique would get chosen in a
Which is one of the future consequences of an increase in the current level of consumption in the India?
Periods of less than full employment correspond to
