| 15th October 2014 09:51 AM | |
| Arvind Kumar | Re: CS Foundation exam previous year paper As per your request here I am sharing the CS Foundation exam previous year paper: 1. (a) State, with reasons in brief, whether the following statements are true or false : (i) The term ‘production’ in economics includes only those activities which generate income. (ii) The law of variable proportions is a short-term phenomenon. (iii) In a capitalist economy, all means of production are exclusively owned by the government. (iv) An item cannot have liquidity unless it can be sold or exchanged in the market. (v) ‘Free entry and exit’ is one of the important features of competitive markets. (2 marks each) (b) Write the most appropriate answer from the given options in respect of the following : (i) An example of ‘positive economics’ analysis would be — (a) An analysis of the relation between the price of food and the quantity purchased (b) Determining how much income each person should be guaranteed (c) Determining fair price for food (d) Deciding how to distribute the output of the economy. (ii) When demand and supply both increase in the same proportion — (a) Equilibrium quantity remains unchanged (b) Price increases (c) Equilibrium price remains same (d) Quantity decreases. (iii) The study of the theory of a firm is an example of — (a) Macro economics (b) Micro economics (c) Non-economic activity (d) Business activity         |
| 13th October 2014 05:33 PM | |
| Unregistered | CS Foundation exam previous year paper I need the CS Foundation exam previous year paper, will you please provide me the same????????? |
