CIMA Certificate in Business Accounting Practice Questions Practice Test
Frequently asked questions
How many CIMA Certificate in Business Accounting Practice Questions practice questions are here?+
A full bank of original CIMA Certificate in Business Accounting Practice Questions practice questions across the official content areas, weighted like the real exam, with explanations. Free, no signup.
What is the CIMA Certificate in Business Accounting Practice Questions exam like?+
A multiple-choice exam. Practice by topic here, then take the full timed mock exam to gauge readiness.
Are these the real exam questions?+
No. Every question is 100% original, written from public primary sources with explanations. We never copy real exam questions or paid prep material.
Can I study in Chinese or Spanish?+
PrepPass practice is in English, 中文 and Español. The official exam is in English — switch the question language to English any time to rehearse the exact terminology you'll see on test day.
Sample practice questions
A few real questions from this free bank, with full explanations. Use the practice tool above for the whole set.
- 1. Business Economics
If demand for a product rises while supply is unchanged, the price tends to:
- a.Stay the same
- b.Fall
- c.Become zero
- d.Rise
Answer: d
Explanation: Excess demand relative to supply pushes prices up.
- 2. Business Economics
A market where many firms sell identical products with free entry is:
- a.Monopoly
- b.Monopsony
- c.Oligopoly
- d.Perfect competition
Answer: d
Explanation: Perfect competition features many firms, homogeneous products, and free entry.
- 3. Business Economics
Price elasticity of demand measures how quantity demanded responds to a change in:
- a.Supply
- b.Advertising
- c.Income only
- d.Price
Answer: d
Explanation: Price elasticity relates the change in quantity demanded to a change in price.
- 4. Management Accounting
Contribution per unit equals selling price per unit minus:
- a.Total cost
- b.Fixed cost per unit
- c.Tax per unit
- d.Variable cost per unit
Answer: d
Explanation: Unit contribution = selling price - variable cost per unit.
- 5. Management Accounting
Break-even output in units is fixed costs divided by:
- a.Variable cost
- b.Contribution per unit
- c.Selling price
- d.Total cost
Answer: b
Explanation: Break-even units = fixed costs / contribution per unit.
- 6. Financial Accounting
The statement showing assets, liabilities, and equity at a point in time is the:
- a.Cash flow statement
- b.Income statement
- c.Statement of financial position (balance sheet)
- d.Trial balance
Answer: c
Explanation: The statement of financial position (balance sheet) shows position at a date.
- 7. Financial Accounting
A liability is:
- a.Something the business owns
- b.Revenue earned
- c.A present obligation to transfer economic benefit
- d.Owner's investment
Answer: c
Explanation: A liability is a present obligation arising from past events.
- 8. Ethics & Corporate Governance
Objectivity as an ethical principle requires members to:
- a.Avoid all clients
- b.Maximize personal gain
- c.Always agree with the client
- d.Not let bias or conflicts of interest override professional judgment
Answer: d
Explanation: Objectivity means not compromising judgment due to bias or conflict.
- 9. Ethics & Corporate Governance
Confidentiality requires that a member:
- a.Disclose to competitors
- b.Share client data freely
- c.Sell client information
- d.Not disclose client information without proper authority
Answer: d
Explanation: Confidentiality restricts disclosure of client information without authority or legal duty.
- 10. Business Mathematics
Simple interest on 1,000 at 5% per year for 2 years is:
- a.100
- b.200
- c.150
- d.50
Answer: a
Explanation: Simple interest = 1,000 x 0.05 x 2 = 100.