10 Questions
What is the primary obligation of the Institute of Cost Accountants of India?
Regulating the profession of Cost and Management Accountancy
Which region does the Institute of Cost Accountants of India operate through?
Kolkata, Delhi, Mumbai, and Chennai
What is the vision pursued by the Institute of Cost Accountants of India?
Cost competitiveness and effective resource use
What are the professionals associated with the Institute known as?
Cost and Management Accountants (CMAs)
In which year was the Institute of Cost Accountants of India established?
1959
In production theory, which factors are deemed the three fundamental factors of production?
Land, labor, and capital
Under classical economics, which factors are categorized as secondary factors of production?
Materials and energy
What encompasses all the natural resources above and below the soil as a primary factor of production?
Land
What are sometimes considered evolved factors in production in different economic schools of thought?
Entrepreneurship and technology
Which inputs are commonly used to achieve the output of a product in the production process?
Several forms of controllable inputs
Test your knowledge of foundational concepts in business economics and management with this quiz. Learn more about the Institute of Cost Accountants of India and its role in regulating the profession of Cost and Management Accountancy.
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