Download GTU B.Tech 2020 Summer 4th Sem 3140709 Principles Of Economics And Management Question Paper

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GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER- IV EXAMINATION — SUMMER 2020

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Instructions:

1. Attempt all questions.

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2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

MARKS

Q.1 (a) Define Economics? Why is the study of Economics useful for engineers? 03

(b) Differentiate between macro and micro economics in brief. 04

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(c) Write a note on ‘Equilibrium between supply and demand’ with neat diagram 07

Q.2 (a) What do you mean by Demand and Supply? Explain the Law of Demand 03

(b) Discuss functions of Money 04

(c) Write the full forms of GDP, GNP, NNP and NDP. Explain these concepts and elaborate how they are calculated 07

OR

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(c) Write a detailed note on: 07

1. Monopoly Market
2. Oligopoly Market

Q.3 (a) Explain the types of managers with examples 03

(b) What are the causes and remedies of unemployment? 04

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(c) What is monopoly? Differentiate between perfect competition and monopolistic competition 07

OR

Q.3 (a) Explain the type of cost briefly. 03

(b) What is the meaning of Inflation? State the measures to be taken to control it 04

(c) Explain “Fiscal Policy”, write its objectives. 07

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Q.4 (a) What do you mean by break even point? What does it indicate? 03

(b) What is the difference between absolute and relative poverty? 04

(c) Define Financial Management. Discuss Function Of Financial Management. 07

OR

Q.4 (a) What are the Primary and Secondary function of banks 03

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(b) What are Quantitative tools and Qualitative tools of Monetary Policy 04

(c) Explain ‘Span of Control’. State merits and demerits of a limited span of control. Discuss the factors affecting the span of control. 07

Q.5 (a) What do you mean by contribution? How does it differ from contribution ratio? 03

(b) Define “Organization.” Explain types of organization. 04

(c) Classify following as Quantitative and Qualitative tools of Monetary Policy. 07

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1. Repo Rate
2. Reverse Repo Rate
3. Marginal Standing Facility
4. Cash Reserve Ratio
5. Statutory Liquidity Ratio

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6. Market Stabilization Scheme

OR

Q.5 (a) “Good planning is half work done.” Explain 03

(b) What is the difference between administration and management? 04

(c) Explain CARROLL’S SOCIAL RESPONSIBILITY PYRAMID 07

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