Question 1
(a)
Define
1)Equilibrium
2)Cross elasticity
3)Price elasticity
3 Marks
(b)
Differentiate microeconomics and macroeconomics
4 Marks
(c)
Explain theory of demand and supply with suitable diagram.
7 Marks
Gujarat Technological UniversitySummer 2024 Examination
GTU 3140709 Principles of Economics and Management (PEM) Summer 2024 Paper Solution & PDF
B.E. · Computer Engineering · Semester 4 · Subject Code: 3140709
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
Question 2
(a)
Define
1)Fixed Cost
2)Opportunity Cost
3)Sunk Cost
3 Marks
(b)
Explain stages of law of return to scale with suitable diagram
4 Marks
(c)
What is production function? Explain characteristics of Land, Labour, capital & entrepreneur
7 Marks
OR OPTION
(c)
What is market? Explain different types of markets
7 Marks
Question 3
(a)
What is National Income? Explain NI at current price and NI at constant price
3 Marks
(b)
Discuss absolute & relative poverty in detail
4 Marks
(c)
Define Money. Explain different types of Money.
7 Marks
OR OPTION
(a)
Explain instruments of monetary policy used by RBI
3 Marks
(b)
Discuss measures to control Inflation in detail
4 Marks
(c)
Explain different types of Banks in India
7 Marks
Question 4
(a)
“Management is art as well as science” – Discuss this statement
3 Marks
(b)
Explain role of manager in detail
4 Marks
(c)
Explain importance and characteristics of organizing in management
7 Marks
OR OPTION
(a)
Explain need of skills at different management levels
3 Marks
(b)
Explain Abraham Maslow’s Hierarchy of needs theory
4 Marks
(c)
Discuss fourteen administrative principles given by Henri Fayol
7 Marks
Question 5
(a)
How does culture affect managers and employees in an organization?
3 Marks
(b)
Explain importance of planning in detail
4 Marks
(c)
Draw and explain Carroll’s pyramid of CSR..
7 Marks
OR OPTION
(a)
Discuss important characteristics of business ethics
3 Marks
(b)
Explain factors affecting the span of control
4 Marks
(c)
Discuss organization structure of any manufacturing industry
7 Marks
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About this Examination Paper & Attribution
Official Gujarat Technological University (GTU) examination paper and step-by-step solutions for Principles of Economics and Management (PEM) (Summer 2024, B.E. · Computer 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.