L D COLLEGE OF ENGINEERING, AHMEDABAD

Department of Computer Engineering

Continuous Evaluation Test B.E - Sem 4th
PRINCIPLES OF ECONOMICS AND MANAGEMENT (3140709)
Date: 06/02/2020 Max Marks: 30
Instructions :
1. Attempt all questions.
2. Figures to the right indicate full marks.
3. Draw neat and clean Diagram whenever required.
Q.1 A Define ‘economics’. Why is the study of economics needed? 5 CO1
Q.1 B What do you mean by Demand and Supply? Explain the law of Supply? 5 CO1
OR
Q.1 B Economics is tangible to every aspect of life’: Justify this statement. 5 CO1
Q.2 A Give the meanings of the following terms: 5 CO2
1.Cash Reserve Ratio
2. Statutory Liquidity Ratio
3.Bank Rate
4.Repo Rate
5. Reverse Repo Rate.
Q.2 B Write about the various types of Banks. Explain Role and Functions of 5 CO2
RBI.
OR
Q.2 A Explain GDP and GNP in short in terms of national income. 5 CO2
Q.2 B ‘Management’ and ‘Administration’ are different aspects for any 5 CO2
organization: Justify the statement.
Q.3 A What do you mean by monetary policy discuss its objectives? 5 CO3
Q.3 B What are the different types of money in economics? 5 CO3
OR
Q.3 A What is a monopoly? Differentiate between perfect competition and 5 CO3
monopolistic competition
Q.3 B ‘The price prevailing in the Monopoly market is supplier driven’– 5 CO3
Comment
All the Best