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Gujarat Technological UniversitySummer 2024 Examination

GTU 2140003 Engineering Economics and Management Summer 2024 Paper Solution & PDF

B.E. · Common Engineering · Semester 4 · Subject Code: 2140003
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Total Marks70 MarksExternal theory exam
Passing Marks23 Marks33% minimum cutoff
Exam Duration2.5 Hours10:30 AM – 1:00 PM
Paper Structure5 QuestionsWith internal OR choices
Jump toQ1Q2Q3Q4Q5

Question 1

14 MarksMedium
(a)
Define economics and differentiate Macro and Micro economics.
3 Marks
(b)
Explain the relation between demand and supply.
4 Marks
(c)

Explain the concept of cost. Elaborate : Fixed cost, variable cost, total cost, average cost, marginal cost.

7 Marks

Question 2

14 MarksMedium
(a)
Explain : GDP, GNP, NNP
3 Marks
(b)
How is national income measured? Discuss in detail.
4 Marks
(c)

Discuss in detail four factors of production : Land, Labour, Capital and Entrepreneurship

7 Marks
OR OPTION
(c)
What is elasticity? Explain the elasticity of demand.
7 Marks

Question 3

14 MarksMedium
(a)
Explain the types of poverty.
3 Marks
(b)
Differentiate between perfect competition and monopoly.
4 Marks
(c)
Discuss various measures to control inflation.
7 Marks
OR OPTION
(a)
Discuss principles of organization briefly.
3 Marks
(b)

What is unemployment? What are the types of unemployment? Discuss briefly.

4 Marks
(c)
What are main objectives of the fiscal policy of India?
7 Marks

Question 4

14 MarksMedium
(a)
Elaborate difference between management and administration.
3 Marks
(b)
Enlist 14 administrative principles set by Henry Fayol.
4 Marks
(c)
What is the name of the central bank of India? What are its functions?
7 Marks
OR OPTION
(a)
What is span of control?
3 Marks
(b)
Advantages and disadvantages of decentralization organizational structure.
4 Marks
(c)
Explain the Abraham Maslow’s theory in detail with diagram.
7 Marks

Question 5

14 MarksMedium
(a)
Enlist different marketing concepts. Discuss any one of them.
3 Marks
(b)
What is finance management? What are the functions of financial manager?
4 Marks
(c)

What are the functions of production management and discuss factors affecting plant location.

7 Marks
OR OPTION
(a)
Enlist the steps of the selection process and discuss briefly.
3 Marks
(b)
What are four Ps of marketing mix model? Discuss in detail.
4 Marks
(c)

Define Corporate Social Responsibility with its Importance.

7 Marks
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About this Examination Paper & Attribution

Official Gujarat Technological University (GTU) examination paper and step-by-step solutions for Engineering Economics and Management (Summer 2024, B.E. · Common Engineering, Sem 4). Features complete 70-mark regular & remedial examination pattern, official marking distribution across all 5 questions, and direct 1-click official PDF download.

Transcribed for student exam preparation from Gujarat Technological University official examination archives. Questions, syllabus guidelines, and curriculum marking schemes remain the intellectual property of Gujarat Technological University.

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