JNTU
JNTU B.Tech III MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS Previous Question Paper (November/December - 2018 - R13)
Note: This question paper contains two parts A and B. Part A is compulsory. Part B consists of 5 Units. Answer any one full question from each unit.
Part A
How is elasticity of demand different from Law of demand?
Answer
The Law of Demand states the qualitative relationship between price and quantity demanded (inverse relationship). In contrast, Elasticity of Demand provides a quantitative measurement of the degree of responsiveness of quantity demanded to changes in price or other determinants.
Give the derivation of Demand function with necessary notations.
Answer
The demand function expresses the relationship between quantity demanded (Qd) and its various determinants. It is represented as:
Where: P = Price of the commodity, I = Consumer income, Pr = Price of related goods, T = Tastes and preferences, and E = Future expectations.
What are ‘Isoquants’?
Answer
Sign in to view the complete answer paper.
How can a producer derive internal economies through output alternations?
Answer
Sign in to view the complete answer paper.
How are Markets classified?
Answer
Sign in to view the complete answer paper.
What are the important components in a partnership deed?
Answer
Sign in to view the complete answer paper.
What are the components in Working capital cycle?
Answer
Sign in to view the complete answer paper.
How do you compute Average rate of return
Answer
Sign in to view the complete answer paper.
Who are the users of financial information of a business unit?
Answer
Sign in to view the complete answer paper.
How can you determine return on Equity?
Answer
Sign in to view the complete answer paper.
Part B
Explain the law of demand and its exceptions.
Answer
Sign in to view the complete answer paper.
Distinguish between durable demand and perishable demand.
Answer
Sign in to view the complete answer paper.
How do you classify the elasticity of demand? Explain.
Answer
Sign in to view the complete answer paper.
What factors influence price elasticity of demand?
Answer
Sign in to view the complete answer paper.
Describe the significance of Cobb- Douglas production function.
Answer
Sign in to view the complete answer paper.
What do you understand by MRTS?
Answer
Sign in to view the complete answer paper.
From the following data, calculate: i) P/V ratio ii) Profit when sales are Rs.20,000 iii) New break -even point if selling price is reduced by 20%. Fixed expenses Rs.4, 000 Break- even point Rs.10, 000
Answer
Sign in to view the complete answer paper.
What are the managerial uses of breakeven analysis?
Answer
Sign in to view the complete answer paper.
Differentiate ‘monopoly’ from perfect competition.
Answer
Sign in to view the complete answer paper.
How can a product be differentiated?
Answer
Sign in to view the complete answer paper.
Elaborate the procedure for the formation of a joint stock company.
Answer
Sign in to view the complete answer paper.
What are the salient features of net present value method? Illustrate with assumed data.
Answer
Sign in to view the complete answer paper.
Determine the pay-back period for a project which requires cash- Outlay of Rs.10,000 and generates cash inflows of Rs.2,000, Rs.4,000, Rs.3,000 and Rs.2, 000 in the first, second, third, and fourth year respectively.
Answer
Sign in to view the complete answer paper.
For the above data calculate accounting Rate Return.
Answer
Sign in to view the complete answer paper.
Explain the various ratios liquidity profitability and solvency.
Answer
Sign in to view the complete answer paper.
Prepare Profit and Loss Account, from the following balances of Mr. Ganesh for the year ending 31.03.2015. Office rent Rs. 3000, Printing expenses Rs. 2,200, Tax, Insurance Rs. 1,400, Discount received Rs. 400, Advertisement Rs. 3,600, Salaries Rs. 8,000, Stationeries Rs. 2,400, Discount allowed Rs. 600, Travelling expenses Rs. 2,600, Gross Profit transferred Rs. 25,000 from the Trading A/c
Answer
Sign in to view the complete answer paper.
Explain how business transactions can be recorded in journal and ledger accounts?
Answer
Sign in to view the complete answer paper.