CIPS A6 Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Which of the following is an important concept in economic theory?

APEST analysis

BProduct life cycle

CProfit maximization

DSampson's concept.

Correct : C

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APEST analysis

BProduct life cycle

CProfit maximization

DSampson's concept.

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Question 2

Which of the following best describes the pricing policy known as 'penetration pricing'?

AA price in line with that being charged by competitors

BA high price aimed at a quick recovery of costs

CA low price set to gain a large share of the market

DA temporary price reduction to increase sales or 'ward off ' competition.

Correct : B

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AA price in line with that being charged by competitors

BA high price aimed at a quick recovery of costs

CA low price set to gain a large share of the market

DA temporary price reduction to increase sales or 'ward off ' competition.

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Question 3

Which of the following best describes the concept of exchange rates?

AThe amount of business transacted between one country and another during a year

BThe speed with which a company receives payment for goods or services sold

CThe ability of a country to take advantage of currency differences

DThe value of one country's currency measured against that of another.

Correct : D

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AThe amount of business transacted between one country and another during a year

BThe speed with which a company receives payment for goods or services sold

CThe ability of a country to take advantage of currency differences

DThe value of one country's currency measured against that of another.

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Question 4

Which of the following best describes the effect of inflation.

AToo many people chasing too many goods

BToo few people chasing too few goods

CToo many people chasing too few goods

DToo few people chasing too many goods.

Correct : A

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AToo many people chasing too many goods

BToo few people chasing too few goods

CToo many people chasing too few goods

DToo few people chasing too many goods.

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Question 5

Which of the following headings would appear in the current account of a country's balance of payments?

ATransactions in goods and services

BTransactions in external assets and liabilities

CTransactions in large sums of money

DTransactions in stocks and shares.

Correct : C

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ATransactions in goods and services

BTransactions in external assets and liabilities

CTransactions in large sums of money

DTransactions in stocks and shares.

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Master CIPS A6 Exam with Reliable Practice Questions

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