Malviya National Institute of Technology 2007 business organization - Question Paper

1 .Demand and Supply.

b) What is a business organization ?

c) What is perfect competition ?

d) What is unit costing ?

e) What is depreciation ?

2. a) discuss the terms utility value wealth and consumption..

b) What is meant by elasticity of demand ? explain.

3. a) elaborate the features of partnership company? discuss.

b) explain the laws of returns and agents of production in

detail.

4. a) Comparatively explain the perfect competition and imperfect

competition.

b) discuss the merits and demerits of payment by cash and by

cheques.

5. a) elaborate the direct costs and indirect costs? explain with

examples.

b) What is meant by process costing? explain with examples.

II Year B.E./B.Tech Degree exam

ENGINEERING ECONOMICS

(Mechanical, Engineering)

Time : 3 hours Maximum : 75 Marks

ques. one is compulsory

ans any 4 from ques. two to 8

All ques. carry equal marks

8

6. a) discuss the merits and demerits of public limited company

along with its formation?

b) What is money? discuss the functions of money.

7. From the subsequent balance of ABC & Co. prepare final

accounts for year ending on 31st March. 1999.

Capital Rs. 70,000/-

Building Rs. 37,500/-

Machinery Rs. 18,500/-

Debtors Rs. 14,000/-

General expenses Rs. 800/-

Rent paid Rs. 7,420/-

Drawing Rs. 1,300/-

Electric charges Rs. 380/-

Carriage inward Rs. 1,700/-

Cash at bank Rs. 6,000/-

Returns inward Rs. 900/-

Returns outward Rs. 220/-

Salaries Rs. 2,220/-

Discount allowed Rs. 400/-

Stock as on 1-4-99 Rs. 33,000/-

Bills payable Rs. 10,000/-

Sales Rs. 1,27,000/-

Purchases Rs. 93,000/-

Wages Rs. 50,000/-

Cash in hand Rs. 3,500/-

Creditors Rs. 20,000/-

9

a) Closing stock as on 31-3-99 Rs. 36,420/-

b) Interest on capital @ 5%

c) Outstanding salaries Rs. 6,000/-

d) Depreciate machinery @ 10%

e) Credit reserve for bad debts @ 5% on sundary debtors.

8. a) What is break even analysis? discuss.

b) compute depreciation for a machine using (i) straight line

method. (ii) declining balance method with interest of

Rs. 10%.

Initial cost of the machine Rs. 1.20.000/-

Terminal value Rs. 5.000/-


Life period 10 years.

Earning:   Approval pending.