Quiz No.

01
Roll No Semester 6th Session 2021-2025
Subject Power Economics and Code MGMT-00629 CH 03
Management
Max: Marks 10 Date 14-03-2024
CLO -1 Students will be able to describe the fundamental concepts and terminologies used in
PLO-2 engineering economics
Q.No.01: (a) Give the definition and scope of engineering economics. (02)
(b) Explain the basic accounting equation. (02)
(c) What is scarcity economic problem? (02)
(d) An employee at LaserKinetics.com borrows $10,000 on May 1 and must repay a total of
$10,700 exactly 1 year later. Determine the interest amount and the interest rate paid. (04)