Gujarat Technological UniversitySummer 2024 examination

GTU 3140709 Principles of Economics and Management (PEM) Summer 2024 Question Paper & PDF

B.E. · Computer Engineering · Semester 4 · Subject code 3140709
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Total
70 marks
To pass
23 marks (33%)
Duration
2.5 Hours 10:30 AM – 1:00 PM
Questions
5 with internal choice
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18 of 25 questions on this paper were also asked in other years. Each is marked below with the years it appeared.See all 41 repeated 3140709 questions, most asked first

Q.1

14 Marks
(a)
3 marksAsked in 2 of 7 papers
Define
1)Equilibrium
2)Cross elasticity
3)Price elasticity

Also asked in Winter 2024 Q1a

(b)
4 marksAsked in 2 of 7 papers
Differentiate microeconomics and macroeconomics

Also asked in Summer 2026 Q1b

(c)
7 marksAsked in 3 of 7 papers
Explain theory of demand and supply with suitable diagram.

Also asked in Winter 2025 Q1a, Winter 2024 Q1c

Q.2

14 Marks
(a)
3 marks
Define
1)Fixed Cost
2)Opportunity Cost
3)Sunk Cost
(b)
4 marks
Explain stages of law of return to scale with suitable diagram
(c)
7 marks

What is production function? Explain characteristics of Land, Labour, capital & entrepreneur

(c)
7 marksAsked in 3 of 7 papers
What is market? Explain different types of markets

Also asked in Summer 2026 Q3a, Summer 2023 Q3c

Q.3

14 Marks
(a)
3 marks

What is National Income? Explain NI at current price and NI at constant price

(b)
4 marksAsked in 4 of 7 papers
Discuss absolute & relative poverty in detail

Also asked in Summer 2026 Q3b OR, Summer 2025 Q3b OR, Summer 2023 Q3b

(c)
7 marksAsked in 3 of 7 papers
Define Money. Explain different types of Money.

Also asked in Summer 2025 Q4c OR, Summer 2025 Q5a, Winter 2024 Q3a

(a)
3 marksAsked in 2 of 7 papers
Explain instruments of monetary policy used by RBI

Also asked in Summer 2026 Q4c

(b)
4 marksAsked in 2 of 7 papers
Discuss measures to control Inflation in detail

Also asked in Summer 2026 Q3c OR

(c)
7 marksAsked in 2 of 7 papers
Explain different types of Banks in India

Also asked in Winter 2024 Q3c

Q.4

14 Marks
(a)
3 marksAsked in 2 of 7 papers
“Management is art as well as science” – Discuss this statement

Also asked in Summer 2025 Q5a OR

(b)
4 marksAsked in 4 of 7 papers
Explain role of manager in detail

Also asked in Winter 2025 Q4a, Winter 2024 Q5b OR, Summer 2023 Q4b OR

(c)
7 marks
Explain importance and characteristics of organizing in management
(a)
3 marksAsked in 4 of 7 papers
Explain need of skills at different management levels

Also asked in Winter 2025 Q4a OR, Summer 2025 Q5c, Winter 2023 Q4a

(b)
4 marksAsked in 7 of 7 papers
Explain Abraham Maslow’s Hierarchy of needs theory

Also asked in Summer 2026 Q4b OR, Winter 2025 Q4b, Summer 2025 Q4b OR, Winter 2024 Q3b, Winter 2023 Q4b, Summer 2023 Q5c

(c)
7 marksAsked in 2 of 7 papers
Discuss fourteen administrative principles given by Henri Fayol

Also asked in Summer 2023 Q4c

Q.5

14 Marks
(a)
3 marksAsked in 2 of 7 papers
How does culture affect managers and employees in an organization?

Also asked in Summer 2026 Q5b

(b)
4 marksAsked in 5 of 7 papers
Explain importance of planning in detail

Also asked in Summer 2026 Q5a, Winter 2025 Q5b, Winter 2024 Q4a, Summer 2023 Q4b

(c)
7 marksAsked in 2 of 7 papers
Draw and explain Carroll’s pyramid of CSR..

Also asked in Summer 2023 Q5b OR

(a)
3 marks
Discuss important characteristics of business ethics
(b)
4 marks
Explain factors affecting the span of control
(c)
7 marksAsked in 2 of 7 papers
Discuss organization structure of any manufacturing industry

Also asked in Winter 2024 Q4c

More Principles of Economics and Management papers

Questions repeat across sessions. Working through two or three papers shows you which topics GTU asks most.

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About this paper

Official Gujarat Technological University (GTU) examination paper 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.

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