Enrolment No.
/Seat No_______________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE- SEMESTER–IV (NEW) EXAMINATION – WINTER 2024
Subject Code:3140709 Date:27-11-2024
Subject Name: Principles of Economics and Management
Time:02:30 PM TO 05:00 PM Total Marks:70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
MARKS
Q.1 (a) Define (1) Equilibrium (2) Cross elasticity (3) Price elasticity 03
(b) Give the definition and scope of economics in engineering. 04
(c) Explain theory of demand and supply with suitable diagram. 07
Q.2 (a) Define (1) Opportunity Cost (2) Sunk Cost (3) Margin of Safety 03
(b) Explain the importance of the subject Principles of Economics and 04
Management as part of B. E. study.
(c) Explain break even analysis in detail. 07
OR
(c) Discuss characteristics of Perfect Competition and Monopoly markets. 07
Q.3 (a) Explain about different types of money. 03
(b) Explain Abraham Maslow’s theory of human needs. 04
(c) Explain different types of Banks in India. 07
OR
Q.3 (a) Enlist causes of inflation. 03
(b) What are the causes and remedies of unemployment? 04
(c) Explain in detail about various methods of computing national income. 07
Q.4 (a) ‘Good planning is half work done.’ Explain. 03
(b) Discuss 4 P’s of Marketing. 04
(c) Discuss organization structure of any manufacturing industry. 07
OR
Q.4 (a) Differentiate Management and Administration. 03
(b) Explain importance of staffing in detail. 04
(c) What is CSR? Explain its importance. 07
Q.5 (a) What is the importance of Human Resource Management? 03
(b) Write a short note on hybrid organization. 04
(c) Discuss principles of Scientific Management. 07
OR
Q.5 (a) Discuss the objectives of fiscal policy. 03
(b) Describe roles of managers. 04
(c) Explain in brief Poverty (causes, types, and measure to eradicate). 07
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1
Enrolment No./Seat No_______________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV (NEW) EXAMINATION – SUMMER 2024
Subject Code:3140709 Date:03-07-2024
Subject Name: Principles of Economics and Management
Time:10:30 AM TO 01:00 PM Total Marks:70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
Marks
Q.1 (a) Define (1) Equilibrium (2) Cross elasticity (3) Price elasticity 03
(b) Differentiate microeconomics and macroeconomics 04
(c) Explain theory of demand and supply with suitable diagram. 07
Q.2 (a) Define (1) Fixed Cost (2) Opportunity Cost (3) Sunk Cost 03
(b) Explain stages of law of return to scale with suitable diagram 04
(c) What is production function? Explain characteristics of Land, Labour, 07
capital & entrepreneur
OR
(c) What is market? Explain different types of markets 07
Q.3 (a) What is National Income? Explain NI at current price and NI at 03
constant price
(b) Discuss absolute & relative poverty in detail 04
(c) Define Money. Explain different types of Money. 07
OR
Q.3 (a) Explain instruments of monetary policy used by RBI 03
(b) Discuss measures to control Inflation in detail 04
(c) Explain different types of Banks in India 07
Q.4 (a) “Management is art as well as science” – Discuss this statement 03
(b) Explain role of manager in detail 04
(c) Explain importance and characteristics of organizing in management 07
OR
Q.4 (a) Explain need of skills at different management levels 03
(b) Explain Abraham Maslow’s Hierarchy of needs theory 04
(c) Discuss fourteen administrative principles given by Henri Fayol 07
Q.5 (a) How does culture affect managers and employees in an organization? 03
(b) Explain importance of planning in detail 04
(c) Draw and explain Carroll’s pyramid of CSR.. 07
OR
Q.5 (a) Discuss important characteristics of business ethics 03
(b) Explain factors affecting the span of control 04
(c) Discuss organization structure of any manufacturing industry 07
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV (NEW) EXAMINATION – WINTER 2023
Subject Code:3140709 Date:24-01-2024
Subject Name: Principles of Economics and Management
Time: 10:30 AM TO 01:00 PM Total Marks:70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
Marks
Q.1 (a) Define (1) Microeconomics (2) Macroeconomics (3) Law of demand 03
(b) Discuss elasticity of demand 04
(c) Draw diagram for equilibrium and explain its importance 07
Q.2 (a) Define break-even point and discuss its importance in business 03
(b) Explain factors of production in details 04
(c) Explain different types of costs in economics 07
OR
(c) Discuss characteristics of Perfect Competition and Monopoly markets 07
Q.3 (a) Define : (1) GDP (2) National Income (3) Relative Poverty 03
(b) Discuss causes of Unemployment 04
(c) Explain objectives of fiscal policy 07
OR
Q.3 (a) Define : (1) Bank Rate (2) Repo Rate (3) SLR 03
(b) Explain different types of Inflation in details 04
(c) Elaborate functions of Central bank of India 07
Q.4 (a) Explain different skills of Managers 03
(b) Explain Abraham Maslow’s theory of human needs 04
(c) Explain importance and characteristics of controlling in management 07
OR
Q.4 (a) Explain different types of management levels 03
(b) Differentiate between management and administration 04
(c) Explain principles of scientific management given by Fredrick 07
Winslow Taylor
Q.5 (a) Explain organizational culture and its importance 03
(b) Explain importance of staffing in detail 04
(c) Define business ethics and explain importance of ethics in business. 07
OR
Q.5 (a) Discuss organization‘s environment in detail 03
(b) Explain centralization and decentralization in organization 04
(c) Define CSR. Give any suitable examples of CSR activities in India 07
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER– IV(NEW) EXAMINATION – SUMMER 2023
Subject Code:3140709 Date:19-07-2023
Subject Name:Principles of Economics and Management
Time:10:30 AM TO 01:00 PM Total Marks:70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
MARKS
Q.1 (a) Draw the diagram for the flow of goods, services, resources and money 03
payments in a simple economy.
(b) Give the definition and scope of economics in engineering. 04
(c) Explain the determinants of elasticity of demand in detail. 07
Q.2 (a) Describe objectives of fiscal policy. 03
(b) Explain functions of RBI in brief. 04
(c) XYZ IT Solution Ltd has the following details: 07
Fixed cost = Rs. 20,00,000
Variable cost per unit = Rs. 100
Selling price per unit = Rs. 200
Find the following:
(a) The break-even sales quantity,
(b) The break-even sales
(c) If the actual production quantity is 60,000, find contribution and Margin of
Sales
OR
(c) Consider the following data of a company for the year 2022: 07
Sales = Rs. 1,20,000
Fixed cost = Rs. 25,000
Variable cost = Rs. 45,000
Find the following:
(a) Contribution
(b) Profit
(c) Break Even Point (BEP)
(d) Margin of Sales
Q.3 (a) Enlist causes of inflation. 03
(b) Describe absolute and relative poverty in brief. 04
(c) Explain various types of markets with their characteristics. 07
OR
Q.3 (a) Write a brief note on personal income. 03
(b) Define following terms: GNP, GDP, NNP, NDP 04
(c) Define meaning of unemployment. Describe various types of 07
unemployment with suitable example.
Q.4 (a) Explain nature of staffing in management. 03
(b) Describe importance of planning in management. 04
1
(c) Henri Fayol has stated 14 administrative principles of management. 07
Enlist them and explain any four of them.
OR
Q.4 (a) Compare management and administration. 03
(b) Describe roles of managers. 04
(c) Analyze various types of organization with example. 07
Q.5 (a) Explain attributes of culture in brief. 03
(b) Explain importance of business ethics in the IT firm. 04
(c) Explain Maslow’s theory of Hierarchy of Needs with appropriate 07
diagram.
OR
Q.5 (a) Explain importance of culture in an organization. 03
(b) Draw and explain Carroll’s pyramid of CSR. 04
(c) Discuss principles of Scientific Management. 07
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2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV(NEW) EXAMINATION – WINTER 2022
Subject Code:3140709 Date:17-12-2022
Subject Name:Principles of Economics and Management
Time:10:30 AM TO 01:00 PM Total Marks:70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
Marks
Q.1 (a) Define economics and explain the scope of economics. 03
(b) Differentiate between Microeconomics and Macroeconomics. 04
(c) Explain elasticity of demand in detail. 07
Q.2 (a) What are the different concepts of Marketing? 03
(b) Discuss the types of cost. Explain any two with examples. 04
(c) Explain break even analysis in detail. 07
OR
(c) Explain fiscal policy, its objectives and tools. 07
Q.3 (a) Define the following terms: reverse repo rate, repo rate, bank rate 03
(b) What should be the preparation to reduce inflation? 04
(c) Discuss the meaning and functions of money in detail. 07
OR
Q.3 (a) Explain perfect competition with suitable example. 03
(b) What is the difference between line and staff organization structures? 04
(c) Explain in detail about various methods of computing national income. 07
Q.4 (a) Differentiate between Management and Administration. 03
(b) Explain the causes of poverty in brief. 04
(c) Explain the term Unemployment, its types, causes and remedies. 07
OR
Q.4 (a) What is difference between absolute and relative poverty? 03
(b) List the function of RBI in governing the banking system in India. 04
(c) What are the principles of organizational structures? Elaborate in details. 07
Q.5 (a) How does culture affects managers and employees? 03
(b) Write a short note on hybrid organization. 04
(c) Corporate Social Responsibility must be made compulsory for all 07
organizations. Give your comments for the same, and also give good
examples of it.
OR
Q.5 (a) Discuss role and skills of a Manager. 03
(b) Many organizations do not have business ethics give your comments for 04
the same.
(c) Explain the theory of Maslow’s hierarchy of needs. 07
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV (NEW) EXAMINATION – SUMMER 2022
Subject Code:3140709 Date:04-07-2022
Subject Name:Principles of Economics and Management
Time:10:30 AM TO 01:00 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
4. Simple and non-programmable scientific calculators are allowed.
MARKS
Q.1 (a) Explain macroeconomics and microeconomics 03
(b) Explain the theory of demand and supply 04
(c) Explain elasticity of demand and its types in detail 07
Q.2 (a) Define : (1) Fixed Cost (2) Sunk Cost (3) Opportunity Cost 03
(b) Explain factors of production in detail 04
(c) Explain break even analysis with suitable curve 07
OR
(c) Explain Perfect Competition and Monopoly markets. 07
Q.3 (a) Define : (1) GDP (2) GNP (3) National Income 03
(b) Explain different types of Unemployment 04
(c) What is Fiscal Policy? Explain its objectives in detail 07
OR
Q.3 (a) Define : (1) Money (2) CRR (3) Repo Rate 03
(b) Explain measures to control Inflation. 04
(c) What is RBI? Explain functions of RBI 07
Q.4 (a) Explain centralization and decentralization 03
(b) Difference between management and administration 04
(c) Which are the main functions of management? Explain importance of 07
organizing in detail.
OR
Q.4 (a) Difference between formal and informal organization 03
(b) Explain Maslow’s theory of human needs 04
(c) List various types of organization. Explain any one type in details 07
Q.5 (a) Explain internal and external environment of organization 03
(b) Explain various management skills 04
(c) What is CSR? Explain its importance. 07
OR
Q.5 (a) Explain organizational culture and its importance 03
(b) Explain role of Managers 04
(c) What is business ethics? Explain importance of business ethics. 07
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