Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2019 Summer 1st Sem 2810002 Economics For Managers Previous Question Paper
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 2810002
Date:16/05/2019
Subject Name: Economics for Managers
Time: 02:30 PM To 05:30 PM
Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 (a) Attempt the following multiple choice questions
06
1) Who control the banking sector in India?
a State bank of india b Finance Minister
c Central bank d RBI
2) Perfect Competition Means ___________
a Many buyers & Many sellers b Few buyers & few sellers
c Many buyers & few sellers d None of them
3) Fixed Cost_____________
a Changing b Fluctuating
c Remain fix d Varying
4) When Price increases , demand ____________________
a No change b Downward sloping
c Decreases d None of these
5) An Oligopoly market has______________________
a One Seller many buyers b Many sellers many buyers
c Few Sellers many buyers d One Seller few buyers
6) GDP Means _________________
a Gross Domestic Price b Gross Domestic Performance
c Gross Domestic Product
d Gross Domestic Place
FirstRanker.com - FirstRanker's Choice
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 2810002
Date:16/05/2019
Subject Name: Economics for Managers
Time: 02:30 PM To 05:30 PM
Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 (a) Attempt the following multiple choice questions
06
1) Who control the banking sector in India?
a State bank of india b Finance Minister
c Central bank d RBI
2) Perfect Competition Means ___________
a Many buyers & Many sellers b Few buyers & few sellers
c Many buyers & few sellers d None of them
3) Fixed Cost_____________
a Changing b Fluctuating
c Remain fix d Varying
4) When Price increases , demand ____________________
a No change b Downward sloping
c Decreases d None of these
5) An Oligopoly market has______________________
a One Seller many buyers b Many sellers many buyers
c Few Sellers many buyers d One Seller few buyers
6) GDP Means _________________
a Gross Domestic Price b Gross Domestic Performance
c Gross Domestic Product
d Gross Domestic Place
Q.1 (b) Do as directed.
1. What do you mean by Trade Off? 04
2. Why petrol Price is fluctuating?
3. Define Cross Elasticity of demand
4. Define the term Inflation
Q.1 (c) Explain the law of Equilibrium with example. 04
Q.2 (a) Differentiate Perfect competition & Monopoly Competition Market. 07
(b) Explain the role of Prisoners? Dilemma in understanding an Oligopoly market. What does 07
the Nash?s equilibrium indicate?
OR
(b) Explain the Price Elasticity of Demand with suitable chart. 02
Q.3 (a) Define the Term GDP. What are the components of GDP? 07
(b) What is CPI? What are the steps involved in calculating CPI. 07
OR
Q.3 (a) Explain the concept ?People face Trade offs 07
(b) What are the features of firms in a competitive market? Under what conditions will the 07
firms (1) Shut down temporarily and (2) Exit the market
Q.4 (a) Explain ?Aggregate Supply?s upward sloping curve? 07
(b) Explain the concept of CRR, REPO RATE & REVERSE REPO RATE 07
OR
Q.4 (a) Discuss the short run trade-off between inflation and unemployment using the Phillips 07
curve.
(b) Give the difference between production & productivity 07
Q5 (a) Explain the functions of RBI in brief 07
(b) Explain the concept of Purchasing Power parity with suitable example
FirstRanker.com - FirstRanker's Choice
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 2810002
Date:16/05/2019
Subject Name: Economics for Managers
Time: 02:30 PM To 05:30 PM
Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 (a) Attempt the following multiple choice questions
06
1) Who control the banking sector in India?
a State bank of india b Finance Minister
c Central bank d RBI
2) Perfect Competition Means ___________
a Many buyers & Many sellers b Few buyers & few sellers
c Many buyers & few sellers d None of them
3) Fixed Cost_____________
a Changing b Fluctuating
c Remain fix d Varying
4) When Price increases , demand ____________________
a No change b Downward sloping
c Decreases d None of these
5) An Oligopoly market has______________________
a One Seller many buyers b Many sellers many buyers
c Few Sellers many buyers d One Seller few buyers
6) GDP Means _________________
a Gross Domestic Price b Gross Domestic Performance
c Gross Domestic Product
d Gross Domestic Place
Q.1 (b) Do as directed.
1. What do you mean by Trade Off? 04
2. Why petrol Price is fluctuating?
3. Define Cross Elasticity of demand
4. Define the term Inflation
Q.1 (c) Explain the law of Equilibrium with example. 04
Q.2 (a) Differentiate Perfect competition & Monopoly Competition Market. 07
(b) Explain the role of Prisoners? Dilemma in understanding an Oligopoly market. What does 07
the Nash?s equilibrium indicate?
OR
(b) Explain the Price Elasticity of Demand with suitable chart. 02
Q.3 (a) Define the Term GDP. What are the components of GDP? 07
(b) What is CPI? What are the steps involved in calculating CPI. 07
OR
Q.3 (a) Explain the concept ?People face Trade offs 07
(b) What are the features of firms in a competitive market? Under what conditions will the 07
firms (1) Shut down temporarily and (2) Exit the market
Q.4 (a) Explain ?Aggregate Supply?s upward sloping curve? 07
(b) Explain the concept of CRR, REPO RATE & REVERSE REPO RATE 07
OR
Q.4 (a) Discuss the short run trade-off between inflation and unemployment using the Phillips 07
curve.
(b) Give the difference between production & productivity 07
Q5 (a) Explain the functions of RBI in brief 07
(b) Explain the concept of Purchasing Power parity with suitable example
OR
Q.5 Read the following Case and answer the questions given at the end 14
Case study: Monopolies
Many European governments are reluctant to allow online betting in an attempt to protect
their national gambling businesses. A recent study found that seven countries out of the
27 in the European Union banned online gambling. Of the other 20 only 13 have opened
their markets to competition; in the rest gambling is dominated by monopolies owned or
licensed by the government. In the Netherlands, for example, residents can only place
online bets with a state monopoly: De Lotto. The Ministry of Justice even warned banks in
the country that they could be prosecuted if they transferred money to online gambling
companies. Other countries have ordered online betting companies to block access to
their sites. Their governments argue that this is to protect people from gambling
excessively. However the revenue they gain from their own monopolies should not be
ignored as a possible motive.
Questions
1. If governments believe that gambling is bad for their citizens then in economic
terms how would you classify this service?
2. Why might governments want to protect their own monopolies in the gambling
sector?
3. What might be the effect of greater competition in the gambling industry in these
countries?
****************
FirstRanker.com - FirstRanker's Choice
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 2810002
Date:16/05/2019
Subject Name: Economics for Managers
Time: 02:30 PM To 05:30 PM
Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 (a) Attempt the following multiple choice questions
06
1) Who control the banking sector in India?
a State bank of india b Finance Minister
c Central bank d RBI
2) Perfect Competition Means ___________
a Many buyers & Many sellers b Few buyers & few sellers
c Many buyers & few sellers d None of them
3) Fixed Cost_____________
a Changing b Fluctuating
c Remain fix d Varying
4) When Price increases , demand ____________________
a No change b Downward sloping
c Decreases d None of these
5) An Oligopoly market has______________________
a One Seller many buyers b Many sellers many buyers
c Few Sellers many buyers d One Seller few buyers
6) GDP Means _________________
a Gross Domestic Price b Gross Domestic Performance
c Gross Domestic Product
d Gross Domestic Place
Q.1 (b) Do as directed.
1. What do you mean by Trade Off? 04
2. Why petrol Price is fluctuating?
3. Define Cross Elasticity of demand
4. Define the term Inflation
Q.1 (c) Explain the law of Equilibrium with example. 04
Q.2 (a) Differentiate Perfect competition & Monopoly Competition Market. 07
(b) Explain the role of Prisoners? Dilemma in understanding an Oligopoly market. What does 07
the Nash?s equilibrium indicate?
OR
(b) Explain the Price Elasticity of Demand with suitable chart. 02
Q.3 (a) Define the Term GDP. What are the components of GDP? 07
(b) What is CPI? What are the steps involved in calculating CPI. 07
OR
Q.3 (a) Explain the concept ?People face Trade offs 07
(b) What are the features of firms in a competitive market? Under what conditions will the 07
firms (1) Shut down temporarily and (2) Exit the market
Q.4 (a) Explain ?Aggregate Supply?s upward sloping curve? 07
(b) Explain the concept of CRR, REPO RATE & REVERSE REPO RATE 07
OR
Q.4 (a) Discuss the short run trade-off between inflation and unemployment using the Phillips 07
curve.
(b) Give the difference between production & productivity 07
Q5 (a) Explain the functions of RBI in brief 07
(b) Explain the concept of Purchasing Power parity with suitable example
OR
Q.5 Read the following Case and answer the questions given at the end 14
Case study: Monopolies
Many European governments are reluctant to allow online betting in an attempt to protect
their national gambling businesses. A recent study found that seven countries out of the
27 in the European Union banned online gambling. Of the other 20 only 13 have opened
their markets to competition; in the rest gambling is dominated by monopolies owned or
licensed by the government. In the Netherlands, for example, residents can only place
online bets with a state monopoly: De Lotto. The Ministry of Justice even warned banks in
the country that they could be prosecuted if they transferred money to online gambling
companies. Other countries have ordered online betting companies to block access to
their sites. Their governments argue that this is to protect people from gambling
excessively. However the revenue they gain from their own monopolies should not be
ignored as a possible motive.
Questions
1. If governments believe that gambling is bad for their citizens then in economic
terms how would you classify this service?
2. Why might governments want to protect their own monopolies in the gambling
sector?
3. What might be the effect of greater competition in the gambling industry in these
countries?
****************
FirstRanker.com - FirstRanker's Choice
This post was last modified on 19 February 2020