Title 3140709 - PEM 2021W.pdf ✅

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 Assumptions. Also derive the formula for Break Even Quantity. 07 Q.2 (a) Explain the relationship between Total, Fixed and Variable costs. 03 (b) Explain the importance of the subject Principles of Economics and Management as part of B. E. study. 04 (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 organization. 07 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