Gandhinagar Institute of Technology

Computer Engineering/Information Technology Department

Principles of Economics & Management-3140709
Question Bank

Introduction to Economics

1. Define Economics. What is the scope of economics?

2. Differentiate between micro-economics and macro-economics.
3. Explain the law of demand and supply with diagram.
4. Discuss the nature of economics
5. Explain the concept of elasticity of demand.

Theory of Production and Cost

1. What do you mean by production? Which factors are affecting the production?
2. Explain the types of cost briefly.
3. What do you mean by breakeven point? What does it indicates?
4. What does marginal cost mean? Explain.
5. What do you mean by contribution? How it differs from contribution ratio.

Concepts of Markets and National Income

1. What is the significance of National Income?

2. Explain GNP
3. Explain the concept of competitive market.
4. What is oligopoly market? Explain.

Basic Economics Problems

1. Explain the concept of poverty. Also explain poverty line.

2. What are the causes of poverty? Explain.
3. Explain the term inflation. What are the different types of inflation?
4. Explain the concept of unemployment. What are the different types of unemployment?

Money and Banking

1. Explain types of money

2. What do you mean by monetary policy?
3. What do you mean by fiscal policy? What are its objectives?
4. Explain types of banking
5. Explain functions of banking

Introduction and History of Management

1. Define Management. Explain the concept of management.

 2. Explain objectives of management.
3. What are the characteristics of management? Explain.
4. Management is an art and science. Explain.
5. Differentiate between management and administration.

Functions of Management and organizational Structures

1. Explain functions of management.

2. Explain factors affecting centralization.
3. Explain types of organization structure.
4. Explain line and staff organization.
5. What do you mean by Span of Control?

Organizational Culture

1. Explain the concepts of culture. Why culture plays an important role in the development of
organization.
2. What are the attributes which develops the culture?

Corporate Social Responsibility and Business Ethics

1. What are the responsibilities of CEO?

2. Explain meaning and importance of Business Ethics.
3. What is CSR? Explain Its meaning and importance.

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