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161 views

PEM Question Bank

question bank of pem

Uploaded by

tejalrathi25
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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SARDAR VALLABHBHAI PATEL INSTITUTE OF TECHNOLOGY, VASAD

APPLIED SCIENCES & HUMANITIES DEPARTMENT


PRINCIPLES OF ECONOMICS AND MANAGEMENT
QUESTION BANK/ASSIGNMENT
B.E. 4th SEMESTER

Unit: 1 Introduction to Economics

1. Define Economics. What is the scope of economics?


2. Discuss the nature of Economics.
3. Differentiate between ’Microeconomics’ and ‘Macroeconomics.’
4. Elaborate on the Theory of Demand and Supply.
5. Explain the determinants of demand and supply.
6. Explain the Law of demand and Elasticity of demand.
7. What, according to you, are Price, income and cross elasticity in Economics?

Unit: 2 Theory of Production

1. Explain the meaning of production and production function.


2. State the four factors of production. Explain each in brief.
3. Who is an entrepreneur? Explain the function of an entrepreneur.
4. What are the Laws of Production? Explain the Law of variable proportions.
5. Critically explain the laws of returns to scale.
6. Define cost and explain various types of cost briefly.
7. Discuss concepts of costs and briefly explain short-run and long-run costs, Average
and marginal costs, and Total fixed and variable costs.
8. Write notes on:
1. Direct and indirect costs 2. Implicit cost 3. Opportunity cost 4. Recurring cost and
non-recurring cost 5. Sunk cost 6. Incremental cost
9. What is Break Even Analysis? Explain various concepts related to BEP.
10. Explain the graphical presentation of the Break-Even Analysis with an explanation.
11. What are the assumptions and limitations of break-even analysis?

Unit: 3 Markets

1. Define the term market and explain its importance in modern economic development.
2. Briefly state various types of markets. Explain any one of them.
3. Explain the perfectly competitive market with a suitable example.
4. What is a monopoly? Briefly explain its characteristics.
5. Define monopolistic competition and explain its characteristics.
6. “Monopolistic competition is a compromise between perfect competition and pure
monopoly”. Discuss the statement critically.
7. What is oligopoly? Briefly discuss its characteristics.
8. Define the term national income. Explain its importance in economic analysis.
9. Distinguish between the stock of income and the flow of national income.
10. Explain the mode of calculating national income at constant and current prices.
11. What, according to you, is a personal or disposal income? Elaborate on it with
supporting examples.
12. Write a Short note on the following:
1. GNP 2. GDP 3. NNP 4. NDP

Unit: 4 Basic Economic Problems

1. What do you understand by the economic problems? Briefly explain the basic
economic problems faced by the Indian economy.
2. Explain Poverty and discuss the types of absolute & relative poverty.
3. Define poverty and explain its causes and measures to reduce Poverty.
4. What is Unemployment, and discuss the causes and remedies to reduce
unemployment.
5. Define unemployment and explain various types of unemployment.
6. What do you mean by Inflation? What are the various types, causes, and measures to
control Inflation?

Unit: 5 Money and Banking

1. Define Money. What are the main functions of money?


2. What is money? Explain the types of money.
3. Explain monetary policy- its objectives and tools.
4. Explain fiscal policy- its objectives and tools.
5. Define banking and explain various types of banks.
6. What is a bank? Explain its functions.
7. Briefly explain the functions of the Reserve Bank of India.
8. Critically evaluate the role of the Reserve Bank of India in the monetary system.
9. Write a Short note on the following
1. CRR 2. Bank rate 3. Repo rate 4. Reverse Repo rate 5. SLR

Unit: 6 Introduction to Management

1. Define the term management and briefly explain the nature of management.
2. “Management is an art and science”, enlighten the statement with supporting
arguments with suitable examples.
3. Critically discuss the scope of management.
4. Explain the difference between Management and Administration.
5. What are the primary skills required in a manager?
6. Mentioned the various role played by the manager in detail.
7. State and explain the principles of management.
8. Write a note on “Scientific Management”.
9. What do you mean by the subordination of the individual to the general interest?
10. Explain the theory of Maslow’s Hierarchy of needs with its diagram.

Unit: 7 Functions of Management

1. What are the different functions of management? How are they interlinked?
2. Briefly describe management as a process or a set of management functions.
3. Explain the Concept, Nature, Importance, Steps, Limitations, and Management by
objectives in Planning.
4. Define planning. Explain its nature and importance.
5. Briefly explain the process of planning.
6. Define organisation as a management function. Also, describe its nature and explain
its importance.
7. What is the staffing function? Explain its nature and importance.
8. Critically evaluate directing as a set of sub-functions.
9. Define directing. Explain its nature and importance.
10. What is controlling? Discuss the nature, importance and process of controlling.
11. Define the organisation structure and discuss its importance in management.
12. Briefly explain the principles of organisation.
13. State various types of organisations and critically discuss any one of them.
14. What is a span of control? Explain its importance in management.
15. Critically discuss the concept of departmentation and explain its importance in
management.
16. Write a Short note on the following:
 Centralisation,
 Decentralisation

Unit: 8 Introduction to Marketing Management

1. What is Marketing Management? Explain the main functions of Marketing.


2. Explain the Four Ps of Marketing.
3. What are the various concepts of Marketing? Explain different concepts of marketing.
4. What is Demand? Discuss the Demand forecasting and methods of Demand
forecasting.
5. What is demand forecasting? Explain its importance in the competitive business
environment.
6. What is Market segmentation? Discuss Market segmentation and various basis of
market segmentation.
7. Define financial management and state its characteristics.
8. Discuss the scope of financial management.
9. Explain the functions of financial management.
10. Distinguish between the controller and treasure functions
11. Explain the various sources of finance.

Unit: 9 Introduction to Production Management

1. What is production management? Explain the main objectives and functions of


Production management.
2. Define production management and explain its characteristics.
3. Explain the concept of production planning and control.
4. Briefly explain the function involved in PPC.
5. Briefly explain various production systems or production process types.
6. Explain various types of plant layouts and discuss the various factors affecting the
production layout.
7. Discuss the factors affecting plant layout.
8. Define human resource management and state the characteristics of human resource
management.
9. What is manpower planning? Explain its objectives and process of manpower
planning.
10. Briefly explain various sources of recruitment.
11. Explain various stages of the selection process.
Unit: 10 Corporate Social Responsibility

1. Define Corporate Social Responsibility (CSR) and explain its characteristics.


2. Briefly explain the importance of corporate social responsibility in the modern
business environment.
3. What is Business Ethics? Briefly state various unethical business practices.
4. Discuss the importance of business ethics in the modern competitive business world.
5. Why should corporate show concern for society?

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