Total No. of Pages- One Iiird Semester B, Tech -( BT/CO/EC/EE/ELMT/SE/ MID SEMESTER EXAMINATIO2017-18 (Odd) September -2017 HU - 201 - Engineering Economics Time: | Hours30 Minutes © Max Marks: 25 Note: Answer all questions. L Assume suitable missing data, if any 4 Fill in the blanks: Sand near construction site is a -~ - commodity. -- for its contribution in production. 2 s Labour gets ~ .- , there are large number of producers produci c. In -— homogenous product. Cost of producing additional unit is called as ~ -- taX. ~ cost. a Good and Services Tax (GST) is -- ° bank. 2B the next best option. rt for a country, its Balance of State Bank of India is nm Opportunity cost is the 0 han impo! urplus Balance of Payment. _ If value of export is ~ Payment is known as S| - in case of Inflation. > i. Value of money Cross Elasticity of Deman: Internati goods. d is negative in case of onal Trade? How it is different from What do you mean by I Internal Trade? 3, What do you mean by Microeconomics? How itis different from Macroeconomics? yyele? Discuss. (3) 4, What do you mean by Trade C nin Economics? 5, What do you mean by Production FunetioERIS Total No. of Pages: 01 Roll No, B. Tech, (AE/PE/IME/eS/e°/cE/aac) Mid Semeste, : Fourth Semester t Examination (March-2018) HU-202: Engineering Economics Time: Lhr 30min + Max. Marks: 25 Note: All Questions are Compulso Assume suitable Missing data, - Fill up the blanks: a. Wood is a -.. Construction site, b. Opportunity Cost is the -.. - In Oligopol 10*1/2=5 “~ good in the forest \but an .. good near Of the next best option, Ro ~ Purchasing power in the hands of the people. ga rm ~ for its contribution in Production, Balance of Payment, value of Export is ~ In case of Adverse value of Import, 2. Differentiate between : (10) a. Monopoly and Monopolistic Competition Market? b. Commercial bank and Central bank 6 i ‘Busi le 3. Discuss concept of Business Cycle, ' 5 4. What do you mean by Dumping in International Trade? (5) -END-Total No. of Pages- 02 IVth Semester B. Tech. MID SEMESTER EXAMINATION March-2019 HU202 - Engineering Economics Time: 1Hours30 Minutes Max Marks: 25 [ Note: Answer all questions. Assume suitable missing data, if any 1. Write True’ or ‘False’: (5) a. Economic goods are short in supply than the demand. _~ a b. Wood in a forest is a non-exhaustible good. K Et c. Labour gets rent for its contribution in production. XX [> d.Marginal utility remain same with consumption of successive units ofa product. X . {= e. Value of money decreases under Inflation. .~ T f. Reserve Bank of India is a Nationalised Commercial Bank. xj g. Opportunity cost is the cost of the next best option.,-~ Te h. If value of export is more than import of a country, its Balance of Payment is known as Adverse Balance of Payment. xX [- . In case of Progresive taxation, rate of tax increases with increase in income of the tax payer. .~ oie |. Dumping means selling goods at the same price in the foreign market as in the domestic market. y, f P.T.O.Differentiate between following: (8) 2.a Microeconomics and Macroeconomics 2.b National Trade and International Trade Why the Central Bank is called Banks’ Bank? Discuss. (4) Differentiate between Fee and Tax paid to the government by the citizen of a country (4) Do you think Perfect competition is a real world situation? Discuss. (4) ENDTotal No. of Pages- 02 Roll No.-------- lllrd Semester B. Tech. MID SEMESTER EXAMINATION Sep-2018 HU 201 - Engineering Economics Time: 1Hours30 Minutes Max Marks: 25 Note: Answer all questions, Assume suitable missing data, if any 1. Fillin the blanks: (5) ---- commodity. - for its contribution in production. , there are large number of producers producing 9 heterogeneous product. c d. Cost of producing additional unit is called apt cost. At yee - Good and Services Tax (GST) is Uo tay, -- bank. 2 Researve Bank of India is --C£\~" ot 8. Opportunity cost is the AS of the next best option. h. re - If value of export is -ke- than import for a country, its Balance of Payment is known as Adverse Balance of Payment. i. In recession, demand of durable goods = AR : oust j. Dumping means selling goods at AS Price in the foreign market than the domestic market. : P.T.O,2. a: 4. 5. What do you mean by Tax? How it is different from Subsidy? (5) What do you mean by Microeconomics? How it is different from Macroeconomics? (5) (5) What do you mean by Inflation? Discuss. What do you mean by Price Elasticity of Demand? Discuss. (5) ENDTotal Number of Page-3 Roll No.-- Fourth Semester B. Tech. End Semester Examination May-2018 HU 202 - Engineering Economics Time: 3 Hour Max. Marks: 50 Note: Answer any five questions, la 1.b 2.b Assume suitable missing data, if any Discuss production processes in the age of information and 5 Communication Technology (ICT) and ehanced role in such production process for engineers in developing economies like India. What amount of money saved today will yield Rs. 40,000/- 5 in third year and Rs. 55,000/- in fifth year and 70,900/- in the seventh year at the 12% rate of interest compounded quarterly. An oligopoly firm is deciding price of its product. Discuss the factors which it should consider. What do you mean by Opportunity cost? If three 2 engineering graduate started their own business and invested five lakh each as seed money, what is the opportunity cost engineering graduates and the money invested by them. — A company has to replace a machine in the production line 3 after 11 years at the cost of Rs. 60,00,000/-. It plans to deposit an equal amount at the end of every year for the next 11 years at an interest rate of it per cent which is compounded annually. Find the equivalent amount that must be deposited at the end of every year for next 11 years. , 5)3.a_ Discuss the nature of automobile market in incentive may be given by the Government the Indian producers? 3.b The demand for two commaditis are given by: I Xi = Pr!P.85 and Xe = PiO2P.00 Find out whether the two commodities Xi and Xo are ‘competitive or complementary, 3. If the demand function is X= 45-3P. Derive th Revenue, Average Revenue and Marginal function. India, What toencourage * Total 3 Revenue ‘4. What do you mean by Fiscal Policy? How fiscal poticy can bbe used to control inflaton and for induced manufacturing? 4b Acompany can make a parcuar component or pushase fom the market, The cost details as below: Teitpches fom th market, JR. 30507 GST GT] ‘the purchasing pce unit= fit makes: (Cost ofthe machine Rs. 10203007 GST @is% Salary ofthe operator ofthe) Rs. 30,000 ‘machine/month Rent of tie workshophnonlh | Rs, 25000 Rave materal-Want Rs. 400+ GST GIN Raw materia init Rs. 1100+ GST @18%_| ier Costin Rs. 300 Whe annual demand™= 1500 ‘Whether the company should ‘make’ or purchase. Suggest, 5.a What do you mean by Commercial Bank? How they are 5 different from Central Bank. Discuss mechanism of credit ‘reation by Commercial Banks, Firm XYZ entertainment has arranged to buy some 5 recording equipment, Tt estimates that the equipment will, have five years useful life and no salvage vaue at the end 5b 6a 6b Ja 7 Of euipment te. entanament to wore (0) FaV FS. 6220 cian (oy Y 208, 15,000 atthe ond (©) Pay nating ut he endo tasth yar then any payment of Ps. 90,000 must. er nten a sage ,e made 12 percent isthe interest rate eompoun re dealer has rea has offered the Fm a Wor 10 ay for the entertainment Discuss factors vihich shoud be conse foreign locaton for expansion of manufecurag fs ‘A small business with an intal outay of Re TS opD ye Rs, 10,000 during the fist year of ts operation and fe ‘elds increases by Rs, 1,000 from ts second yor of peration up to ts 10° year of exeration nich a the last year of operation. The salvage valves zero. Find the ‘resent worth ofthe business by assuming as intrest rete (f 18%, compounded annual Define technological innovation, Discuss measures, hich ‘may be taken to enhance R&D in engineering insutons ‘Two years ago, 2 machine was purchased ata cost of Rs 4,00,000 to be useful for ten year. Its sahage value atthe end of is life i Rs. 60,000, The annual maintenance cost is Rs. 60,000, The market value of the resent machine s Rs. 320000, Now a new machine to cater tothe need of the present machine is avaiable at RS. 3,90,000 to be Useful for eight years. Its annual maintenance costs Rs. 45000, The salvage value ofthe new machine sR, 40000. Using an interest rate of 11%, find whether i worth replacing the present machine with the new machine? ed ule decing END