Overview
PRC-3 combines business organisation and operations with micro- and macroeconomics. Business operations and microeconomic principles are the two heaviest blocks (20–30% each).
The questions are largely conceptual, so revise definitions and cause-and-effect chains (for example how a policy rate change feeds through to inflation and demand).
Computer-based exam in ICAP's examination software
Worth knowing
- ICAP's PRC model papers run inside its examination software, reached from the student secured area (CRN login). There are no public PDF papers to index, so this page lists the official access route and the syllabus weightings instead of a topical index.
Syllabus weightings
Weightings from ICAP's published syllabus.
| Section | Syllabus weight |
|---|---|
| A. Business organizations | 10–15% |
| B. Business operations | 20–30% |
| C. Business finance and ethics | 10–15% |
| D. Economic principles and microeconomics | 20–30% |
| E. Macroeconomics – basic concepts | 5–10% |
| F. Economic policies and trends | 15–20% |
PRC-3 chapter MCQs
Free MCQs with explanations for every area in the index.
Nature of businessOwnership of businessOrganization of businessInformation systemsBranding and marketingHuman resource strategiesSources of business financeBusiness ethicsNature and scope of economicsDemand, supply and equilibriumElasticityTheory of the firmNational incomeMultiplier and acceleratorPublic financeMoneyInflation and unemploymentMonetary policyBalance of trade and payments