Title 3140709 - PEM 2020S.pdf ✅

1 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 engineers? 03 (b) Differentiate between macro and micro economics inbrief. 04 (c) Write a note on ‘Equilibrium between supply and demand’ with neat diagram 07 Q.2 (a) What do you mean by Demand and Supply ?Explain the Law of Demand 03 (b) Discuss functions of Money 04 (c) Write the full forms of GDP, GNP, NNP and NDP. Explain these concepts and elaborate how they are calculated 07 OR (c) Write a detailed note on: 1.Monopoly Market 2.Oligopoly Market 07 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 and monopolistic competition 07 OR Q.3 (a) Explain the type of cost briefly. 03 (b) What is the meaning of Inflation? State the measures to be taken to control it 04 (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 Management. 07 OR Q.4 (a) What are the Primary and Secondary function of banks 03 (b) what are Quantitative tools and Qualitative tools of Monetary Policy 04 (c) Explain ‘Span of Control’. State merits and demerits of a limited span of control. Discuss the factors affecting the span of control. 07 Q.5 (a) what do you mean contribution .how it differ from contribution ratio 03 (b) Define “Organization.” Explain types of organization. 04