Seat No.: ________ Enrolment No.

___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III • EXAMINATION – WINTER • 2014

Subject Code: 2130004 Date: 23-12-2014

Subject Name: Engineering Economics and Management
Time: 02.30 pm - 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.

Q.1 (a) Define microeconomics and macroeconomics. 07

Differentiate between microeconomics and macroeconomics.
(b) Explain the elasticity of demand’s determinants. 07
Q.2 (a) Explain the types of cost briefly. 07
(b) What are the assumption and limitations of break-even analysis? 07
OR
(b) What is monopoly? 07
Differentiate between perfect competition and monopolistic competition
Q.3 (a) Explain the general responsibilities of a CEO. 07
(b) Differentiate between management and administration. 07
OR
Q.3 (a) Explain the important principles of organization. 07
(b) Explain the factor affecting centralization. 07
Q.4 (a) Explain 4P’s of marketing. 07
(b) Explain any two methods of forecasting. 07
OR
Q.4 (a) Explain characteristics and function of money. 07
(b) Explain the central banking principles. 07
Q.5 (a) What is financial management? 07
Explain the scope of financial management.
(b) Explain the importance of corporate social responsibilities. 07
OR
Q.5 (a) Explain the objective of production management. 07
(b) Explain the factors affecting the plant layout. 07

*************

1
 Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III (NEW) • EXAMINATION – SUMMER 2015

Subject Code: 2130004 Date: 02/06/2015

Subject Name: Engineering Economics & Management
Time: 02.30pm-05.00pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1 (a) What is utility? Explain cardinal & ordinal Approaches 07

(b) Explain any two methods of measurement of elasticity 07
Q.2 (a) Explain the factors of production in brief. 07
(b) What are the assumption & limitations of break-even analysis? 07
OR
(b) What is monopoly? Differentiate between perfect competition & monopolistic 07
competition
Q.3 (a) Explain causes of poverty in brief. 07
(b) Explain the levels of management. 07
OR
Q.3 (a) Explain the function of organization. 07
(b) Explain the quality of a successful leader. 07
Q.4 (a) Explain 4P’s of marketing. 07
(b) Explain any two methods of forecasting. 07
OR
Q.4 (a) Explain characteristics & function of money. 07
(b) Explain the types of Banks in brief. 07
Q.5 (a) Explain any three Marketing concepts. 07
(b) Explain goals of finance management 07
OR
Q.5 (a) Explain the objective of production management. 07
(b) Explain the factors affecting the plant layout. 07

*************

1
Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III (New) EXAMINATION – WINTER 2015

Subject Code:2130004 Date:23/12/2015

Subject Name: ENGINEERING ECONOMICS AND MANAGEMENT
Time: 2:30pm to 5:00pm 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 14
1 Who is father of scientific management?
2 Write the 4P’s of Marketing.
3 Extend POSDCORB as management functions.
4 Who gives Hierarchy of needs theory?
5 Which is independent variable in law of demand?
Demand or Price?
6 Extend CRR and SLR reference to banking.
7 Extend GDP and GNP reference to national income.
8 Write three important managerial skills.
9 Inflation belongs to which economics? Micro or Macro?
10 What can we do by Delphi method?
11 Availability of Labour is important factor for Plant Layout
or Plant Location?
12 Which comes first? Recruitment or Selection?
13 Absolute and Relative terms uses for which economic
problem?
14 Who gives famous 14 principles of management?
Q.2 (a) Differentiate micro and macro economics. 03
(b) Discuss factors of production. 04
(c) Define perfect competition with its characteristics. 07
OR
(c) What is demand? Explain law of demand 07
Q.3 (a) Define Poverty with its types. 03
(b) Discuss causes for Inflation. 04
(c) What is Money? Explain Functions of Money. 07
OR
Q.3 (a) Define Unemployment with its types. 03
(b) Explain Break Even Analysis. 04
(c) Describe functions of RBI. 07
Q.4 (a) Explain concepts of Marketing. 03
(b) Discuss scope of Finance. 04
(c) Describe principles of management. 07
OR
Q.4 (a) Discuss national income. 03
(b) Explain elasticity of demand. 04
(c) Discuss different types of organizational structures. 07
Q.5 (a) Define Business Ethics with its Importance. 03
(b) Define Corporate Social Responsibility with its 04
1
 Importance.
(c) What is plant location? Explain factors affecting plant 07
location.
OR
Q.5 (a) Explain objectives of human resource management. 03
(b) Discuss bases for market segmentation. 04
(c) Discuss different sources of recruitment. 07

*************

2
 Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III(New) EXAMINATION – SUMMER 2016

Subject Code:2130004 Date:02/06/2016

Subject Name:Engineering 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 Short Questions 14
1 According to banking expand CRR and SLR.
2 Lionel Robbins is known as father of scientific management True or False?
3 Define Management.
4 List types of inflation.
5 List all determinants of Demand.
6 According to national income expand NNP and NDP
7 Alfred Marshal gave definition of Economics True or False?
8 Define Economics.
9 Which are the 4 P’s of marketing?
10 Expand NRLM
11 Define Quality Control
12 The word ‘Ethics’ is derived from the French word ‘Ethos’ True or False?
13 List the types of Plant Layout
14 ‘shoes’ are natural product or secondary product?

Q.2 (a) Explain the relationship between total, variable and fixed cost. 03
(b) Explain the Process of Selection in short. 04

(c) Write a short note on scientific management. 07

OR
(c) Discuss all the factors in detail those affects the plant location. 07

Q.3 (a) Define 1. Bank Rate 2. Repo Rate and 3. Reverse Repo Rate 03
(b) Management is an art. Justify your answer. 04
(c) Write a short note on scope of marketing. 07
OR
Q.3 (a) Explain the concept of Marketing 03
(b) Define CSR and discuss its importance. 04
(c) Write a brief note on function of management. 07

Q.4 (a) Compare Micro Economics and Macro Economics. 03

(b) Discuss all the Factors affecting to Production in detail. 04
(c) What is Money? Explain different functions of Money in detail. 07
OR
Q.4 (a) Explain GDP and GNP in short in terms of national income. 03
(b) What is the principal of organization? Explain types of organization. 04

1
 (c) What do you mean by Demand and Supply? Explain the law of Supply? 07

Q.5 (a) List the types of unemployment and discuss cause for unemployment. 03
(b) Define Poverty and discuss absolute and relative poverty. 04
(c) Write a Brief note on Beak Even Point with all methods of calculating BEP. 07
OR
Q.5 (a) Which are the factors affecting to the plant layout? 03

(b) What do you mean by Banking? List the types of Banking. 04

(c) Write short note on Myths about business ethics. 07

*************

2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–III(New) • EXAMINATION – WINTER 2016
Subject Code:2130004 Date:31/12/2016
Subject Name:Engineering 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 Short Questions 14
1 Write the law of Supply?
2 Give examples of final and intermediate goods.
3 If all producers and sellers offer same standard quality of
product it is called _______ product.
4 Who gave welfare definition of economics?
5 What is Per Capita Income?
6 What are the factors of production?
7 Markets with only few sellers is called:
8 Write the full abbreviation of CRR& SLR.
9. How GDP, GNP is calculated.
10 PSU stands for.
11 According to Henry Fayol, Authority and _______ go parallel
and run hand in hand.
12 What is sunk cost?
13 _______ is associated with high price, which causes decline in
purchasing power or value of money.
14 Full form of CSR-----
Q.2 (a) Explain Micro and Macro Economics 03
(b) Define Corporate Social responsibility and state its 04
Characteristics
(c) Explain various types of costs with suitable examples. 07
Or
(c) Write a note on (i) Authority and Responsibility (ii) Efficiency 07
and Effectiveness.
Q.3 (a) What are the assumptions and limitations of Break-Even 03
Analysis?
(b) Explain various tools of Monetary Policy. 04

1
 (c) What is demand? Explain law of demand. 07
Or
Q.3 (a) What is monopoly? Differentiate between perfect competition 03
and monopolistic competition.
(b) Discuss national income. 04
(c) Discuss various types of organisational structures with 07
examples.
Q.4 (a) Explain causes of poverty in brief. 03
(b) Discuss different sources of recruitment? 04
(c) Explain objectives of Human Resource Management. 07
Or
Q.4 (a) Explain the Levels of Management. 03
(b) Discuss any two methods of demand forecasting. 04
(c) Explain the factors affecting the plant layout. 07
Q.5 (a) Explain the functions of management. 03
(b) Write about the various types of Banks. Explain Role and 04
Functions of RBI.
(c) Discuss various causes and eradication measures of inflation. 07
Or
Q.5 (a) Explain 4 p's of Marketing. 03
(b) Write in brief the goals and objectives of Finance Management. 04
(c) Who is the father of Scientific Management? Discuss his 07
contribution in Theory of Management.

2
Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III (NEW) - EXAMINATION – SUMMER 2017
Subject Code: 2130004 Date: 29/05/2017
Subject Name: Engineering 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 Short Questions 14
1 What is Elasticity of demand?
2 What is ‘Margin of Safety’?
3 Define GDP.
4 What is ‘Fiat money’?
5 Define ‘Bill of exchange’.
6 What is ‘Cash Reserve Ratio’?
7 What is Cross Elasticity of Demand?
8 Define business/corporate ethics.
9 Write full form for FMCG.
10 Who gave welfare definition of Economics?
11 Define ‘Staffing’.
12 What is the difference between recruitment & selection?
13 Define Plant Layout.
14 Write full form for CSR.
Q.2 (a) Define Economics? Why is the study of Economics 03
useful for engineers?
(b) Write a detailed note on ‘Demand and supply 04
Equilibrium’ with diagram.
(c) Why is money system needed? Explain how it overcomes 07
the problems of Barter exchange system?
OR
(c) Write a detailed note on ‘Break Even Analysis’ with 07
diagram.
Q.3 (a) Define the term production and explain factors affecting 03
industrial production.
(b) Write a detailed note on: 04
1. Monopoly Market 2. Oligopoly Market.
(c) Explain Price Elasticity of demand with due examples. 07
OR
Q.3 (a) “Ethical behavior is very important for an entrepreneur”- 03
Justify.
(b) Define national income and discuss stock and flow 04
concept.
(c) What are the causes and remedies for ‘Inflation’? 07

1
Q.4 (a) Explain price determination in different kinds of markets. 03
(b) Define CSR and discuss its due importance in industrial 04
practice.

(c) Explain Maslow’s theory of Hierarchy of Needs with 07

necessary diagram.
OR
Q.4 (a) Discuss any one methods of demand forecasting. 03
(b) Explain any four major factors affecting the plant 04
location.
(c) Explain various functions of management. 07

Q.5 (a) Explain 4 p’s of Marketing. 03

(b) Write in brief the goals and objectives of Finance 04
Management.
(c) Who is the father of Scientific Management? Discuss 07
principles of Scientific Management
OR
Q.5 (a) Explain in brief objectives of human resource 03
management.
(b) Discuss different sources of recruitment. 04
(c) Discuss any one type of plant layout with diagram. 07
Discuss its advantages and disadvantages.

*************

2
Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–III (NEW) EXAMINATION – WINTER 2017
Subject Code: 2130004 Date:09/11/2017
Subject Name: Engineering 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.

Q.1 (a) Define ‘economics’. Why is the study of economics needed? 03

(b) What is management? Elaborate the difference between administration and
management. 04
(c) Do as directed. 07
1) Who is considered as the Father of Economics? (Adam Smith, Frederick W
Taylor, Henri Fayol)
2) Enlist 4Ps of marketing mix.
3) _____ is the process of bringing people and organizations together so that the
goals of each are met. (Margin of Safety, Liquidity, HRM)
4) In ‘Barter Exchange System’, people were exchanging commodities to purchase
from each other. (True/False)
5) ________ reflects a reduction in the purchasing power per unit of money.
(Voluntary unemployment, Inflation, Balance of payment)
6) Expert opinion method is also known as the Delphi method. (True/False)
7) _________ is concerned with fiscal policy of a nation. (Micro economics, Macro
economics)

Q.2 (a) Write a note on ‘Equilibrium between supply and demand’ with neat diagram. 03
(b) Which is the central bank of India? What are its key functions. Elaborate them. 04
(c) What do you mean by elasticity? Explain the types of elasticity with examples. 07
OR
(c) Write a detailed note on various types of costs. 07

Q.3 (a) Enumerate difference between Product Layout and Process Layout. 03
(b) Explain in detail regarding perfect competition and monopoly market. 04
(c) Write the full forms of GDP, GNP, NNP and NDP. Explain these concepts and
elaborate how they are calculated. 07
OR
(a) Write a short note on break-even point. 03
(b) What is poverty? Discuss various types of poverty. 04
(c) Unemployment is a very serious economic problem. Discuss its types, causes and
remedies. 07

Q.4 (a) “Money is what money does.” Discuss important functions of money system. 03
(b) Henri Fayol has stated 14 administrative principles of management. Enlist them and
discuss his contribution. 04
(c) Give the meanings of the following terms: Cash Reserve Ration, Statutory Liquidity
Ratio, Bank Rate, Repo Rate, Reverse Repo Rate. 07
OR
(a) Explain in brief Maslow’s Need Hierarchy theory. 03
(b) Comment : Planning is an essential function of organization. Justify your answer
with suitable examples. 04

1
 (c) Elaborate types of manager. 07

Q.5 (a) Discuss in brief ‘departmentalization’. 03

(b) What is the scope of financial management. 04
(c) What is demand forecasting? Enlist various methods of demand forecasting and
elaborate any two in detail. 07
OR
(a) Enlist internal and external sources of recruitment. 03
(b) Elucidate factors affecting plant location. 04
(c) Give full form of CSR and define it. Explain importance of CSR. 07

*************

2
 Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER– IV(NEW) EXAMINATION – SUMMER 2015

Subject Code: 2140003 Date:28/05/2015

Subject Name: ENGINEERING ECONOMICS AND MANAGEMENT
Time: 10:30am-1.00pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1 (a) Differentiate between Microeconomics and Macroeconomics. 07

(b) Explain the concept of Break-Even Analysis with suitable example. 07

Q.2 (a) Write a note on Elasticity of demand. 07

(b) Explain various factors of production. 07

OR
(b) Define Market. Explain different types of Markets. 07

Q.3 (a) Discuss the stock and flow concept of national income. 07
(b) Define Poverty. Explain the causes of poverty and measures to reduce the 07
poverty.
OR
Q.3 (a) Explain various tools of monetary policy. 07
(b) Write a note on functions of Banks. 07

Q.4 (a) Distinguish between Management and administration 07

(b) Explain the theory of Maslow’s hierarchy of needs 07

OR
Q.4 (a) Write a note on functions of management. 07
(b) Describe the formal organizational structure with levels of management. 07

Q.5 (a) Write a note on (i) Matrix organization (ii) Hybrid organization 07
(b) Explain the sources of Finance. 07

OR
Q.5 (a) Briefly describe various methods of demand forecasting. 07
(b) Discuss the types of Plant Layout. 07

*************

1
 Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–IV (New) EXAMINATION – WINTER 2015

Subject Code:2140003 Date:22/12/2015

Subject Name: Engineering Economics & Management
Time: 2:30pm to 5:00pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1 (a) Explain the term “economics” and in the context of economics, explain the 07
meaning of markets and their characteristics.
(b) Explain various types of organizations in detail. 07
Q.2 (a) Explain “Fiscal Policy”, its objectives and tools in detail. 07
(b) What is “management”? Explain the role of management in any organization. 07
OR
(b) As per Maslow’s theory explain hierarchy of needs in detail. 07
Q.3 (a) With proper example, explain the objectives of manpower planning and its 07
process.
(b) With proper examples explain sources of recruitment & process of selection. 07
OR
Q.3 (a) What is marketing? With suitable example explain market segmentation in 07
detail.
(b) Explain “banking” . Explain the role of RBI and its functions in detail. 07
Q.4 (a) Explain the concept of “demand” and “supply” in the context of economics and 07
also explain the equilibrium between demand and supply.
(b) Explain the term “inflation”. Also mention its types and measures to control 07
inflation.
OR
Q.4 (a) What is departmentalization? Also discuss centralization and decentralization. 07
(b) With suitable example, explain Corporate Social Responsibility of organization. 07
Q.5 (a) Explain the concept of monetary policy in detail. 07
(b) What do you mean by “production management”. Explain the types of plant 07
layout and also explain the factors affecting plant layout.
OR
Q.5 (a) Explain scientific principles of management in detail. 07
(b) What is finance management? Explain the functions of finance management. 07

*************

1
Seat No.: ________ Enrolment No.___________

GUJARAT TECHNOLOGICAL UNIVERSITY

BE - SEMESTER–IV(New) EXAMINATION – SUMMER 2016

Subject Code:2140003 Date:30/05/2016

Subject Name:Engineering 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 Short Questions 14
1 Define the term “Economics”
2 What is called “demand” in the context of economics?
3 What is called “supply” in the context of economics?
4 List out various types of costs.
5 What is GDP?
6 What is Break Even Point (BEP)?
7 Define the term “marketing”
8 What is “macroeconomics”?
9 What do you mean by National Income of a country?
10 What is variable cost related to business?
11 What is disposable income?
12 Give one example of Corporate Social Responsibility.
13 Define the term “management”
14 Explain CRR (Cash to Reserve Ratio)
Q.2 (a) With suitable example, explain “opportunity cost”. 03
(b) Explain “monopolistic competition” with suitable 04
example.
(c) What are the functions of management? Explain in detail. 07
OR
(c) Explain “monetary policy”, its objectives and tools. 07
Q.3 (a) Explain “perfect competition” with suitable example. 03
(b) Give suitable example and calculate BEP for the same. 04
(c) Explain “ fiscal policy”, its objectives and tools. 07
OR
Q.3 (a) What is organization? List out its various types. 03
(b) Explain “repo rate” and “reverse repo rate” 04
(c) With suitable example explain market segmentation in 07
detail.
Q.4 (a) List out various economic problems. 03
(b) What is called matrix organization? Give its example. 04
(c) What is called “finance management”? Explain its scope, 07
sources and functions.
OR
Q.4 (a) What is “production management” List out its important 03
terminology.
(b) Many organizations do not have “business ethics” give 04
your comments for the same.

1
 (c) “Corporate Social Responsibility” must be made 07
compulsory for all organizations.. Give your comments
for the same, and also give good examples of it.
Q.5 (a) What do you mean by marketing mix? Briefly explain. 03
(b) List out the principles of “scientific management”. 04
(c) Explain the term” Unemployment”, its types, causes and 07
remedies.
OR
Q.5 (a) Explain the word “elasticity” in the context of demand. 03
(b) Explain various sources of recruitment in brief. 04
(c) With suitable examples, explain Maslow’s hierarchy of 07
needs in detail.

*************

2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER–IV(New) • EXAMINATION – WINTER 2016
Subject Code:2140003 Date:19/11/2016
Subject Name:Engineering 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.

Q.1 Short Questions (14)

(1) What is microeconomics ?
(2) What is elasticity of demand ?
(3) What is marginal cost ?
(4) What do you mean by obligopoly market ?
(5) What do you mean by personal income ?
(6) Define margin of safety.
(7) List out various banking rates.
(8) List out various skills of managers.
(9) List out various principles of organization.
(10) What is staffing ?
(11) What is span of control ?
(12) What is demand forecasting ?
(13) What is market segmentation ?
(14) Define finance management.

Q.2 (a) Explain about different types of money. (03)

(b) Explain the importance of the subject “Engineering Economics and (04)
Management” as part of B. Tech. study.
(c) Explain fiscal policy, its objectives and tools. (07)
OR
(c) Explain in detail about various functions of banking. (07)

Q.3 (a) Enlist assumptions, advantages and limitations of break even analysis. (03)
(b) Write short note on valuation approaches for national income. (04)
(c) Explain various laws of production. (07)
OR
Q.3 (a) Explain about total, fixed and variable cost. (03)
(b) Write short note on scope of economics. (04)
(c) Explain in detail about various methods of computing national income. (07)

Q.4 (a) Enlist Henry Fayol’s fourteen principles of management. (03)

(b) Explain about departmentalization on the basis of division. (04)
1
 (c) Explain the term inflation, its types, causes and remedies. (07)
OR
Q.4 (a) Write short note on functions of management (03)
(b) Differentiate between absolute and relative poverty. (04)
(c) Justify the statement management is combination of a science and art. (07)

Q.5 (a) Explain the effect of maintaining business ethics on economics and (03)
management.
(b) Differentiate between selling and marketing concept. (04)
(c) Write short note on functions of production management. (07)
OR
Q.5 (a) Explain the objectives of manpower planning. (03)
(b) Critically justify the statement “Nowadays big organizations are (04)
adopting the concept of corporate social responsibility”.
(c) Write short note on market segmentation for industrial markets. (07)

*************