INDIAN MARITIME UNIVERSITY

B.Tech (MARINE ENGINEERING)

June 2013 Examinations
FIFTH SEMESTER

MANAGEMENT SCIENCE & ECONOMICS

Old Subject Code: UG/ME/MS/T/312 QP Code: T0511502

Date: 08.06.2013 Max. Marks: 100
Time: 3 Hrs

Note : (i) Non programmable scientific calculator is allowed

(ii) Question no 1 is compulsory

PART A (10*3=30 MARKS)

ANSWER THE COMPULSARY QUESTION

1. (a) Write a short notes on directing

(b) What are the elements of the working capital?

(c) Define plant layout. What are the consequences of poor layout?

(d) What are the objectives of inventory control?

(e) Write short notes on MBO

(f) What is meant by elasticity of demand?

(g) Explain how to determine price under perfect competition

(h) Explain the term inflation?

(i) What are the functions of IMF?

(j) What are the major sea ports in India?

 PART B (5*14=70 MARKS)
ANSWER ANY FIVE QUESTION

2. (a) Explain different types of organizations (10marks)

(b) Write a note on modern trends in organization structure designs (4 marks)

3. (a) Explain with a neat sketch Break even analysis (10 marks)

(b) What are the limitations of Break even analysis? (4 marks)

4. (a) Write the differences between PERT & CPM (5 marks)

(b) Write a short note on TQM (5 marks)

(c) What are the factors of production? (4 marks)

5. (a) Explain various motivational theories (10 marks)

(b) What is the role of Psychological tests in recruitments? (4 marks)

6. (a) Define elasticity of supply and explain various types of elasticity of supply (6marks)

(b) Explain cost- output relationship and cost curves in short period (8marks)

7. (a) Write the functions of central bank (10marks)

(b) Write differences between direct and indirect taxes (4 marks)

8. (a) Write the functions of W.T.O. (5marks)

(b) What is meant by devaluation of currency? How it is differ from depreciation

(5marks)

(c) Write a short note on exchange rates. (4marks)

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