TED (15) - 1143 Reg. No.

EEVISION 2015) Signature........

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DIPLOMA EXAMINATION IN
ENGINEERING/TECHNOLOGY/
MANAGEMENT/COMMERCIAL PRACTICE APRIL, 2019
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ECONOMICS

lTime : 3 hours
(tr4aximurn marks : 100)

PART A
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(N4a.ximum marks : l0)
Marks

I Answer a// questiors in one cr two sentences. Each question canies 2 marks.

1. What do you mean by the term 'Comforts' ?

2. What do you mean by the term 'derived demand' ?

3. List out vmious factors of Production.

4. State the meaning of the term discriminating monopoly.

5. What do you mean by the term "economic goods" ? (5 x 2 = 10)

PART B
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(vlaximum marks : 30)

II Answer aty five of the following questions. Each question carries 6 marks.

1. State the characteristics of hurrran wanls.

2. State the scarcity definition of Economics.

3. State the factors affecting elasticity of Demand.

4. State the Practical Utility of Demand Schedule and Demand Cuwe.

5. State the importance of small scale industries i11 lndia.

6. State rhe leatures oI Perlect Cornpetition.

7. List out and explain various tlpes of cost. (5 x 6 = 30)

16l [r'r.o.
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Marks
PART C
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(\4aximum marks : 60)
(Answer ore full question from each unit. Each full question carries 15 marks.)

UNrr I
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ilI (a) Explain various forms of utilities.

(b) Explain the law of Diminishing Marginal Utility theory with Dagram.
On

(a) Describe various classification of human wants.

(b) Explain Welfme definition of economics.

Uurr II
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Explain Law of Demand witft heb of schedule and point out its assumptions. 15

On.
Explain Law of Supply with help of schedule and State the excepions of
Law ol' supply. 15

UNrr III
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VII (a) Explain Land as a factor of Production.
(b) State the advantages ol Lalge Scale Production.
On

VIII (a) Explain Labour as a factor of Production.

(b) State the Dernerits of Large Scale Production.
UNn IV
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(a) Explain the features of Monopoly.

ft) Explain flre Pricing melhod under Perfect Competition.

OR

(a) Explain various ty-oes of monopoly

(b) Explaix the features oI Monopolistic Compedtion.