Jawaharlal Nehru Technological University Hyderabad
Jawaharlal Nehru Technological University Hyderabad B.Tech II MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS Previous Question Paper (April/May - 2023 - R15)
Note: i) Question paper consists of Part A, Part B. ii) Part A is compulsory, which carries 25 marks. In Part A, Answer all questions. iii) In Part B, Answer any one question from each unit. Each question carries 10 marks and may have a, b as sub questions.
Part A
Write short notes for the following:
Income demand.
Answer
Income demand refers to the functional relationship between the income of a consumer and the quantity of a commodity they are willing and able to purchase, assuming other factors like price remain constant. It is typically represented by an Engel curve, showing how demand changes as income rises or falls.
Price elasticity of demand.
Answer
Price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. Values range from perfectly inelastic (0) to perfectly elastic (infinity), indicating how sensitive consumers are to price fluctuations.
Isocosts.
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Opportunity cost.
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Monopoly.
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Peak load pricing.
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Cash Budget.
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Venture capital.
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Money measurement concept.
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Du Pont Chart.
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Part B
Define Managerial Economics and discuss its scope.
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What are the factors influencing the demand for a commodity?
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Discuss the significance of Elasticity of demand.
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Explain any two methods of Demand forecasting.
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What is meant by Production function? Explain Cobb-Douglas production function.
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Explain the Least-cost combination of factors.
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What are the economies of large scale production?
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What is Cost-Profit-Volume analysis? What are its uses and limitations?
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Distinguish between Perfect competition and Monopoly.
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Mention briefly the general considerations in formulating price policies and setting the price.
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Compare and contrast Sole Proprietorship and Partnership.
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What are the features of a Government company?
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Differentiate between Fixed and Working Capital.
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Explain the sources of Long-term capital for a business enterprise.
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Explain the nature of Capital Budgeting proposals.
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Critically evaluate Net Present Value method of capital budgeting.
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What is Double Entry system of book-keeping?
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Define Trial Balance. State its significance.
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From the following extract of Trial Balance, from the books of Agarwal, for the year ending December 31st, 2022, prepare a Trading Account.
| Particulars | Dr (Rs.) | Cr (Rs.) |
|---|---|---|
| Sales | - | 3,25,000 |
| Purchases | 2,40,000 | - |
| Fright | 5,000 | - |
| Sales returns | 5,000 | - |
| Purchase returns | - | 5,600 |
| Wages | 40,000 | - |
| Salaries | 20,000 | - |
| Carriage inwards | 10,000 | - |
| Opening stock (1-1-2022) | 25,000 | - |
Adjustments: Stock on 31-12-2022 was Rs. 40,000.
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What are the various Liquidity Ratios? What do they convey?
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