Download GTU BE/B.Tech 2019 Winter 3rd Sem New 2130004 Engineering Economics And Management Question Paper

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GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER- III (New) EXAMINATION — WINTER 2019

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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.

Q.1

1. (a) Differentiate between Microeconomics and Macroeconomics. [03]
2. (b) Briefly discuss the determinants of supply for any commodity. [04]

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3. (c) Explain: Law of Demand and supply [07]

Q.2

1. (a) Define: [03]
   1. Sunk Cost
   2. Opportunity Cost
   3. Implicit Cost

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2. (b) Differentiate between Monopoly and Perfect competition. [04]
3. (c) Explain the law of variable production with suitable example. [07]

   OR

4. (c) Explain principle of “Maslow’s need of hierarchy”. [07]

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Q.3

1. (a) Explain the role of CRR as the important controlling tool of RBI [03]
2. (b) Discuss the functions of money. [04]
3. (c) What are the causes of poverty and which measures should be taken to reduce poverty? [07]

   OR

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1. (a) Which are the different measures for national income? Discuss briefly. [03]
2. (b) Explain briefly: Price determination in oligopolistic market. [04]
3. (c) Discuss: Product layout with its advantages and disadvantages. [07]

Q.4

1. (a) Explain “Moving Average Method” as quantitative tool of forecasting. [03]

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2. (b) Short note: Role of financial management in economics [04]
3. (c) Which measures are to be applied to control inflation? Discuss. [07]

   OR

1. (a) What are the short term finance sources? [03]
2. (b) Briefly explain Break Even Analysis. [04]

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3. (c) Discuss: Business ethics and its importance in corporate world. [07]

Q.5

1. (a) Discuss the importance of planning as tool of function of management. [03]
2. (b) Discuss the contribution of Gilbreths. [04]
3. (c) Explain skills and role required by managers. [07]

   OR

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1. (a) Discuss the advantages of matrix organization. [03]
2. (b) Explain: Span of Control. [04]
3. (c) Explain 4P’s of marketing in details. [07]

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