Roll No. 379-X/2004 B.E. EXAMINATION (Third Semester) (New Scheme) (COMPUTER SCIENCE HUM-201-E Economics Time : Three Hours Maxirmum Marks : 100 Note: Attempt any Five questions. Before answering the question-paper candidates should ensure that they have been supplied to correct and complete question-paper. Complaints in this regard, if any, will not be entertained after the examination. 1. Critically examine the scarcity concept of Economics. How is it superior to wealth and Welfare concept ” 20 BT.O.2) Define Law of Diminishing Marginal Utility in detail with its practical implications and importance. 20 3. Write short notes on the following : (@) Law of demand and its exceptions, with suitable examples (B) Production Possibility Curve 1x2 4. What is law of variable proportion ? Explain in detail with its importance and limitations. 20 5. Explain in brief, the following cost concepts with suit- able examples : (a Fixed and Variable Costs (b) Marginal Cost (c) Opportunity Cost (d) Money Cost. sd 6. What is Market ? Wheat are its various forms ? Discuss in brief with their characteristics. 20 7. Write short notes on any fwo of the following : Relationship between Science, Engineering and Technology (b) Internal and External Economies (c) Nature of Economic Laws. 102 & Fxplain the nature and characteristics of Indian conomy with emphasis on its Globalisation. 20 % $79-X/2004 2 4,600