B.Tech. (Sem. - 3,od) PRINCIPLES OF ECONOMICS AND MANAGEMENT SUBJECT CODE: HM - 253 Paper ID : [A0605] INote : Please fill subject code and paper ID on OMRI
Time: 03 Hours Instruction
Maximum Marks:
60
to Candidates:
1) 2)
Section - A is Compulsory. Attempt any Four questions from Section - B.
3)
Attempt any Two questions from Section - C.
Section
-A
QI)
(10 x 2
a)
What do you understand by the term place utility?
b)
Define perfectly elastic demand.
c)
What are the variable factors of production?
d)
What does downward movement on a supply curve indicate?
e)
Distinguish between gross and net interest.
f)
Is management a science.
g)
What is unity of command?
h)
Differentiate between authority and responsibility.
i)
What is delegation of authority?
j)
What are the sources of power?
M-I68[I859]
= 20)
P. T.O.
Section
-B (4 x 5 = 20)
Q2) Explain welfare definition of Economics. Q3) Define demand. What are the factors which determine demand? Q4) What are the laws of returns? Explain the law of Increasing returns. Q5) What is Taylor's Scientific management? Q6) What is Herzbergs two factor theory of motivation? Section
-C (2 x 10
Q7) Define monopoly. How price is determined under monopoly?
Q8) What is profit? Discuss Risk and Uncertainty theory of profit. Q9) Explain the principles ofinanagement given by Henry Fayo!.
Universality of Management. Decentralisation. Economics. DifferentiatebetweenAuthority & Responsibility. Monopoly. Section - B. (4 x 5 =20). Q2) What did Henry Fayol mean by Unity of command? How does it differ from. unity of direction? Q3) Distingui
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Page 1 of 60. r . Roll Xo. ...................... z- t?Total Xo. of Questions : 08] [Total Xo. of Pages.: 01. Paper ID [PE504). (Please fill this Paper ID in OMR Sheet). M.Tech. . WELDING TECHNOLOGY (PE - 504). Time: 03 Hours. Instruction to Candidat