Download GTU MBA 2019 Summer 3rd Sem 4130501 Managerial Economics Question Paper

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Seat No.: Enrolment No.

GUJARAT TECHNOLOGICAL UNIVERSITY

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MBA (AM) - SEMESTER-3 * EXAMINATION - SUMMER 2019

Subject Code: 4130501 Date:13/05/2019

Subject Name: Managerial Economics

Time: 02:30 PM To 05:30 PM Total Marks: 70

Instructions:

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1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1

1. (a) Define Managerial Economics. Discuss its nature and scope. 07

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2. (b) Explain a Production possibility curve with a suitable two products example. 07

Q.2

1. (a) What are the functions of the Reserve Bank of India? 07
2. (b) Explain the five types of elasticity of demand with the help of a suitable example and graphs. 07

OR

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1. (b) What is an indifference curve? Explain the characteristics of indifference curves. 07

Q.3

1. (a) Explain the Law of variable proportions with a suitable diagram. 07
2. (b) Define the term Elasticity. Discuss the types of price elasticity. 07

OR

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1. (a) Describe the relationship between Average revenue and Marginal revenue with a suitable graph. 07
2. (b) Explain the iso-quant and iso-cost lines. 07

Q.4

1. (a) Explain the credit creation process with example. 07
2. (b) Give the Difference between monopoly and oligopoly. 07

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OR

1. (a) Discuss the features of Perfect competition and monopolistic competition. 07
2. (b) Examine The Quantity Theory of Money. 07

Q.5

1. (a) What are the causes of low production in industry and agriculture in India? 07

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2. (b) Discuss the current status of education and healthcare sector in India. 07

OR

1. (a) What is the negative effect of overpopulation on the Indian economy? 07
2. (b) Evaluate the New Industrial Policy 1991. 07

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