Unit 1 2 Marks

1. 2. 3. 4. 5. Definition of Economics Scope of Economics Define the terms: goods - utility - value - wealth What is opportunity cost? Determine the elasticity of demand if the quantity demanded for coffee is 10000 Kg and rises to 16000 Kg when the price falls from Rs1000 to Rs800 6. Is Economics Positive or Normative Science 7. What is meant by Consumption 8. What is meant by wants - its characteristics and classification 9. What is land - its peculiarities 10.What is Labor- its peculiarities 11.What are the Merits & Demerits of Small Scale Production

16Marks
1. 2. 3. 4. 5. 6. 7. 8. Bring out the scope of engineering economics with appropriate examples State the nature and scope of economics State the nature and scope of managerial economics List the difference between Micro & Macro Economics List the difference between Managerial & General Economics Explain Economics as an Art Explain Economics as an Science State the Law of Diminishing Marginal Utility with an example & also its uses, Limitations, & Assumptions 9. State the Indifference Curve with an example & also its uses, Limitations, & Assumptions 10.What is the relation between economic decision and technical decision? 11.What are the Merits & Demerits of Large Scale Production

Unit 2 2 Marks
1. 2. 3. 4. 5. 6. 7. 8. 9. What is elasticity of demand? State the law of demand? What are assumptions in the law of demand? What do you mean by industry Demand? Write any four factors that affect Demand? What is Demand Curve & Schedule What are the Exceptions to the law of demand? What Causes of downward slope of demand curve What is meant by Extension and Contraction of Demand

10.What is income and Cross elasticity of demand 11.What are griffin goods? 12.Define: Law of supply. 13.Define: Elasticity of supply. 14.What is equilibrium price 15.Distinctions between Fixed Costs and Variable Costs 16.Why are AVC and ATC curves U-shaped 17.Relationship between AC and MC 18.Difference between market price and normal price 19.What is Market?

16Marks
1. Explain the law of demand with the help of a demand schedule & demand curve. 2. What are the Determinants of demand 3. What are the Determinants of elasticity of demand 4. Explain the types of elasticity of demand? 5. What are the Determinants of supply 6. Explain the law of Supply with the help of a demand schedule & demand curve. 7. What are the Determinants of elasticity of supply 8. Explain the types of Elasticity of supply 9. Explain the Time Element in Demand, Supply & Price. 10.Total Cost Curves in the Short Run - Total fixed Cost (TFC), Total Variable Cost (TVC), Total Cost 11.What are Economies and Diseconomies of Scale OR What are the Merits & Demerits of Large Scale Production 12.How Price & output are determined in Monopoly, Perfect, Monopolistic Competition 13.What is Market? How do you classify market? 14.Explain classification of market on the basis of Competition

Unit 3 2 Marks
1. What is overdraft? 2. What is Cash Credit? 3. What is monetary policy? 4. What is Fiscal policy? 5. What are tools used in Fiscal policy? 6. What is Sole-Proprietorship 7. What is Partnership Firm 8. Comparison Between Partnership and Sole-Proprietorship 9. Comparison Between Joint Hindu Family and Partnership 10.What is Co-operatives

11.What is Company 12.What is Public Utility Services and State Enterprises

16Marks
1. 2. 3. 4. Explain the types of Banks Explain the functions of Commercial Banks What is central Bank? Explain the functions of it. Explain the Tools or Credit instruments used by central Bank to achieve Monetary Policy 5. Explain the different forms of organization or Business and their Merits & Demerits

Unit 4 2 Marks
1. 2. 3. 4. 5. 6. 7. 8. What is Market Skimming What is Target Return Pricing Financial Statement Analysis Ratio Analysis Uses of Ratio Analysis What are final accounts? Define fixed assets What is depreciation?

16Marks
1. 2. 3. 4. 5. 6. Explain the different tools available for Short & Long Term Borrowing Tools And Techniques Of Financial Statement Analysis Define Accounting. What are its functions and limitations? What are the objectives of financial statements? What are final accounts? What purpose do they serve? State the persons who will be interested in accounting information

Unit 5 2 Marks
1. 2. 3. 4. 5. 6. Marginal costing Fixed cost Variable cost Semi variable or semi-fixed cost Contribution Margin of safety

7. Breakeven point 8. Break even chart

16Marks
1. What is cost volume profit analysis? State the assumptions and applications of break even analysis. 2. Explain about break-even analysis with break-even chart. 3. Briefly explain the concept of activity based costing 4. What are the managerial applications of break even analysis? 5. What is PV Ratio? What is its use in break-even analysis? 6. What is break even analysis? What are its merits and demerits? 7. Briefly explain the various elements of cost. 8. What are the different types of costing methods? 9. What is Traditional costing approach? 10.What is Activity base costing? 11.State the cost output relationship in the short run and in long run 12.What are the different methods of pricing practice? 13.What is full cost pricing, marginal cost pricing, going rate pricing, bid pricing, pricing for rate of return 14.What is meant by appraising project profitability? 15.What are the different methods of capital budgeting 16.What is internal rate of return, payback period, and net present value? 17.What is meant by cost benefit analysis? 18.What is a feasibility report? 19.What is meant by appraisal process, technical feasibility, economic feasibility, financial feasibility?