If you are the one who wants to start their CA journey and is confused about how to clear the Business Economics subject in CA Foundation, then you are in the right place. In this article, Bhagya Achievers will guide you and help you to clear the Business economics subject easily.

Business Economics in CA Foundation is a subject that introduces students to the fundamental concepts of economics and focuses on the skills of individuals in the market as buyers and sellers as well as how they apply to business decisions.

Structure of Business Economics Paper

The total mark of the Business Economics exam paper is 100 and has only objective types of questions, which contain questions of 1 mark each. The time duration of the exam is 2 hours. There is a negative marking of 0.25 for every incorrect answer.

Business Economics ABC Analysis and Weightage of Marks

How to get 70+ marks in Business Economics in CA Foundation?

Focus on high weightage topics: Focusing on high weightage topics increases your chances of scoring well in the CA Foundation Business Economics exam and gives more attention to these types of questions.

ICAI Study Material: The Institute of Chartered Accountants of India (ICAI), which is the conducting body of CA exams, provides study material for business economics subject in CA Foundation. This study material not only covers all the topics but also helps to understand the subject deeply. By using ICAI study material, they can get an idea about the level of the questions.

Past year exam papers: Examining previous year’s question papers of CA Foundation Business Law is very crucial while preparing for the exam. By practicing past year exam papers, you will get to know about the types of questions as well as the distribution of topics. It also guides students on how to handle similar problems in the exam.

Interconnected Topics: It is necessary to know that each and every topic in business economics is interconnected. Before writing the exam, it is essential to have a deep understanding of all the concepts. For instance, the concepts of demand and supply are different but are interconnected to each other.

Practice mock test papers: Practice Bhagya Achievers mock test papers as much as you can. Practicing mock test papers helps you to manage time effectively during exam time. It also helps you to develop effective strategies like eliminating incorrect answers and guessing intelligently. 

Negative marking scheme: It is necessary to understand the marking scheme before attempting the exam it will help you to make strategic decisions about which questions to attempt and which to skip to improve your overall score.

Guidance from a mentor: If this is your first attempt, then it is mandatory to get guidance from mentors, as they will share effective exam preparation strategies, tips for time management, how to attempt the exam, how to reduce stress, and learning techniques that will help you to clear the exam in the first attempt.

How to attempt MCQ questions?

• Give equal time to all the questions. Not to give more than 1.25 minutes time to any question. 
• During exam time, you have to answer in an OMR sheet by circling the correct option. So it is necessary to give all the mock test papers by using the OMR sheet.
• During exam time, use that calculator with which you are familiar.
• If a question is tough, then don’t spend too much time on it. Move to the next question, and if time is left after attempting all the questions, then reattempt that question again.
• Read the question twice and understand the question. Also, underline key terms to understand the exact requirement.
• If you think that the first option is correct, then do not rush, make sure you read all the options carefully before choosing your answer. 
• Use techniques like the elimination method by removing all the possible wrong answers to increase the probability of the right answer.

Conclusion:

Although getting a good score in the Business Economics subject in CA Foundation is neither tough nor easy. Many students clear this subject in the first attempt with good marks. It’s totally dependent on one’s preparation, hard work, and study strategies. 

If you are the one who is looking for the best test series for CA exams, then start your preparation by enrolling in the Bhagya Achievers test series because our main motive is to help students to achieve their goals.

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