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Government Hydro Engineering college, Bilaspur

Branch civil and Electrical Engg (3rd Semester) 2nd Terminal Examination
Maximum Marks: 25 Maximum Time: 90 Minutes
Subject- Industrial Economics and Management Subject Code- HS-305
Note: All questions are compulsory in section-A, which carries 1 mark each. Attempt any two
questions from section-B carrying 5 marks each and attempt any one question from Section-C which
carries 10 marks.
Section-A
1. Write Short Note on
a) Engineering economics
b) Sunk Cost
c) Opportunity cost
d) GNP & GDP
e) Accounting

Section-B
2. What is decision making and process of decision making?
3. What is inflation and types of inflation
4. What is Law of demand and explain determinants of demand.
Section-C
5. What is elasticity of demand and what are the types of elasticity of demand?
6. Write short note on accounting cycle and functions of accounting?

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