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
*************
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
*************
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV (NEW) EXAMINATION – SUMMER 2021
Subject Code:3140709 Date:08/09/2021
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 Terms: 03
1. Economics 2.Personal Income 3. Interest Rate
(b) Differentiate Microeconomics & Macroeconomics with their significance in 04
assessing Economies.
(c) How the prices of goods are determined by market? Discuss significance of 07
demand and supply of goods in price determination.
Q.2 (a) List the factors that influence elasticity. 03
(b) An Automobile company wants to setup a new vehicle manufacturing plant 04
in a particular region. List and Explain the various parameters which can
influence unit cost of a car.
(c) What is Break-Even Analysis? Mr. ABC is the managerial accountant in 07
charge of soft-drink Company XYZ. According to him, fixed costs of
company XYZ consist of property taxes, a lease, and salaries of staff, which
add up to Rs. 1,00,000. The variable cost associated with producing one soft-
drink bottle is Rs. 2 per unit which is sold at a premium price of Rs. 12 per
unit. Determine the Break-Even Quantity. What would be Break Even
Quantity if production cost becomes Rs. 4 per bottle?
OR
(c) List and Explain various type costs in production with suitable example. 07
Q.3 (a) List and Explain Characteristics of “Perfect Competition” type markets. 03
(b) Compare and Contrast Monopoly and Perfect Competition markets. 04
(c) How the size of economy of a nation/region can be measured? Which are the 07
various factors which can be helpful to attract foreign investments?
OR
Q.3 (a) “Inflation is an unaccounted Tax on citizens”, is it True? Justify your answer 03
with suitable arguments.
(b) “World is a global village”, is it true? Justify in terms of economic activities. 04
(c) Unemployment, Poverty, Poor Education, and Poor Public Health 07
Infrastructure, How these social problems are interlinked? Discuss with
reasonable arguments.
Q.4 (a) What is role of Central Bank in economy of a nation? 03
(b) What is money? List and Explain various characteristics of money. 04
(c) Compare and Contrast Monetary Policy and Fiscal Policy. 07
OR
Q.4 (a) Differentiate Management and Administration. 03
(b) Discuss 4 P’s of Marketing. 04
(c) “Management is combination of a Science and Art.” Justify the statement. 07
1
Q.5 (a) What is the importance of Human Resource Management? 03
(b) Compare role of Leader, Administrator, and Manager in organization. 04
(c) List and Explain Various Functions of Management. 07
OR
Q.5 (a) How CSR can provide benefits to society? 03
(b) How Ethical Processes are useful in establishing Brand? 04
(c) Discuss the external and internal sources of recruitment in detail. 07
***********
2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER– IV EXAMINATION – SUMMER 2020
Subject Code: 3140709 Date:02/11/2020
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.
MARKS
Q.1 (a) Define Economics? Why is the study of Economics useful for 03
engineers?
(b) Differentiate between macro and micro economics inbrief. 04
(c) Write a note on ‘Equilibrium between supply and demand’ with 07
neat diagram
Q.2 (a) What do you mean by Demand and Supply ?Explain the Law of 03
Demand
(b) Discuss functions of Money 04
(c) Write the full forms of GDP, GNP, NNP and NDP. Explain 07
these concepts and elaborate how they are calculated
OR
(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
(c) What is monopoly? Differentiate between perfect competition 07
and monopolistic competition
OR
Q.3 (a) Explain the type of cost briefly. 03
(b) What is the meaning of Inflation? State the measures to be 04
taken to control it
(c) Explain “Fiscal Policy”, write its objectives. 07
Q.4 (a) What do you mean by break even point .what it indicate 03
(b) What is difference between absolute and relative poverty? 04
(c) Define Financial Management. Discuss Function Of Financial 07
Management.
OR
Q.4 (a) What are the Primary and Secondary function of banks 03
(b) what are Quantitative tools and Qualitative tools of Monetary 04
Policy
(c) Explain ‘Span of Control’. State merits and demerits of a limited 07
span of control. Discuss the factors affecting the span of control.
Q.5 (a) what do you mean contribution .how it differ from contribution 03
ratio
(b) Define “Organization.” Explain types of organization. 04
1
(c) Define following terms with respect to banking 07
1. Repo Rate 2. Reverse Repo Rate
3.Marginal Standing Facility 4.Cash Reserve Ratio
5. Statutory Liquidity Ratio 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 RESPONSILITY PYRAMID 07
*************
2
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
*************
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
*************
1
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
**********
1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV (NEW) EXAMINATION – WINTER 2021
Subject Code:3140709 Date:04/01/2022
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 the following terms: Management, Marketing, and Money. 03
(b) Enlist determinants of Demand and Supply. 04
(c) Explain the break even analysis with the help of suitable Curves and 07
Assumptions. Also derive the formula for Break Even Quantity.
Q.2 (a) Explain the relationship between Total, Fixed and Variable costs. 03
(b) Explain the importance of the subject Principles of Economics and 04
Management as part of B. E. study.
(c) Explain Elasticity of Demand in detail. 07
OR
(c) GDP, GNP, NNP and NDP. Explain these concepts in detail. 07
Q.3 (a) Explain about different types of money. 03
(b) Explain Monopolistic Market with its characteristics. 04
(c) Explain monetary policy, its objectives and tools. 07
OR
Q.3 (a) List out the principles of scientific management. 03
(b) Explain the types of managers with examples. 04
(c) Explain in detail about various functions of banking. 07
Q.4 (a) List out various economic problems. 03
(b) Differentiate the perfect competition and monopolistic competition. 04
(c) Explain in brief Poverty (causes, types, and measure to eradicate). 07
OR
Q.4 (a) Management is an art. Justify the statement. 03
(b) Explain Needs Maslow’s theory of management. 04
(c) Explain Corporate Social Responsibility of a Multinational 07
organization.
Q.5 (a) Define the following terms: bank rate, repo rate,& reverse repo rate 03
(b) What are the causes and remedies of unemployment? 04
(c) List the type of Organization. Explain any one type in detail. 07
OR
Q.5 (a) Discuss the stock and flow concept of national income? 03
(b) Ethical Behavior is doing what is morally right. Justify it. 04
(c) Discuss the internal and external sources of recruitment in detail. 07
