GYANMANJARI INSTITUTE OF TECHNOLOGY

Important- Question Bank

Subject: Engineering Economics and Management

Subject Code: 2130004
Faculty: Prof. Nikhil Rokadiya
Questions:

Unit-1
1 What is micro economics?
2 What is macroeconomics?
3 Define demand and supply?
4 Explained elasticity of demand?
5 Explained law of demand and law of supply?

Unit-2
1 What do you mean by production?
2 Explain different types of cost?
3 Explain law of return to scale?
4 Explain the BEP?

Unit-3
1 Explain different type of market?
2 Differentiate between perfect competition and monopolistic competition?
3 What is a national income and explain concept of national income?
4 Explain personal income and disposal income?
 Unit-4

1 Discuss poverty with types and causes of poverty?

2 Explain concept of unemployment what are the different type of unemployment?

3 What is inflation? And explain major causes of inflation?

4 Explain different types of inflation?

Unit-5
1 What is money? Explain the function performed by money?
2 Explain different types of bank?
3 Define:
 CRR
 Bank Rate
 Repo Rate
 Reverse Repo Rate
 SLR
4 What is the monetary policy? Explain different tools of monetary policy?
5 What is fiscal policy? Explain different tools of fiscal policy?

Unit-6
1 Differentiate between administration and management?
2 Explain different types of level of management?
3 Explain skills and rules of manager?
4 Explain the principle of F.W.Taylor of scientific management?
5 Explain 14 principle of Henri Fayola for administrative theory of management?
6 Explain Maslow’s hierarchy of need?
7 What are the objectives of the management?
 Unit-7
1 What are the different functions of management?
2 What is planning? Explain process of planning?
3 What is the organizing? Explain the principle of organizing?
4 Explain Leading? What is important of Leading?
5 Discuss different types of organization structure?
6 Differentiate between formal and informal organization?
7 Span of control?
8 Delegation of authority?
9 Differentiate centralization and decentralization?
10 Explain POSDCORB as management function?

Unit-8
1 Explain 4 P’s of marketing?
2 Explain any two method of forecasting?
3 Explain any three marketing concept?
4 Explain the concept of market?
5 Discuss bases of market segmentation?
6 What can we do by Delphi Method?
7 What is demand forecasting? Discuss method of it?
8 What is financial management? Explain scope of it?
9 Explain goal of financial management?
10 Discuss scope of finance?
 Unit-9
1 Explain objective of production management?
2 Explain factors affecting plant layout?
3 What is plant location? Explain factors affecting plant location?
4 Availability of labor is important factor for plant layout or plant location? (ANS: Plant
location)
5 Explain various types of plant layout?
6 Explain objective of human resource management?
7 Discuss different sources of recruitment?
8 Discuss process of recruitment?
9 Explain concept of selection?
10 Discuss process of selection?
11 Which come first? Recruitment or Selection?

Unit-10
1 Explain the importance of corporate social responsibilities?
2 Define business ethics with its importance?
3 What is business ethics? Why should corporate show concern for the society?
4 Explain difference between CSR and Business Ethics?
5 Write short note on Myths of Business Ethics?

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