JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD B.Tech III ENGINEERING ECONOMICS AND ACCOUNTANCY Previous Question Paper (January/February - 2023 - R18)
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
Answer the following:
What is market demand?
Answer
Market demand is the total quantity of a good or service that all consumers in a market are willing and able to purchase at various price levels during a specific period, holding other factors constant.
Derive Demand Function.
Answer
The demand function expresses the relationship between the quantity demanded of a commodity and its various determinants. It is represented as:
Where Qd is the quantity demanded, P is the price of the good, Pr is the price of related goods, Y is consumer income, T is consumer tastes and preferences, and E is future expectations.
What is national disposable income?
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Derive gross national product.
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Internal rate of return.
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Average rate of return.
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Define financial leverage.
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What is trading on equity?
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Income statement.
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Balance sheet.
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Part B
Explain the Exceptions to the Law of Demand.
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Illustrate Elasticity of Demand in detail.
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Explain Demand Forecasting Methods.
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Explain Basic Principles and Methodology of Engineering Economics.
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Explain process of calculation of Inflation.
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Examine the new economic policy and its suitability in India.
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Review on Fiscal policy of the country.
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Critically examine the trade policy of India with related to industrial growth.
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If you won the lottery and had the choice of the lump-sum payoff or the annuity payoff, what factors would you consider besides the implied interest rate (indifference interest rate) in selecting the payoff style?
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Suppose you have borrowed Rs.72,000 as a mortgage loan on your house. The interest rate is 6%. The bank has calculated the monthly payment to be Rs.515.83. How long will it take you to pay the loan?
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A Babies hospital is considering to purchase a diagnostic machine costing 80,000. The projected life of the machine is 8 years and has an expected salvage value of 6,000 at the end of 8 years. The annual operating cost of the machine is 7,500. It is expected to generate revenues of 40,000 per year for eight years. Presently, the hospital is outsourcing the diagnostic work and is earning commission income of 12,000 per annum; net of taxes. Required: Whether it would be profitable for the hospital to purchase the machine? Give your recommendation under: a) Net Present Value method b) Profitability Index method.
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Distinguish between operating and financial leverage.
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Operating leverage presents when the presence of fixed financial Cost-Discuss.
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Low degree of operating leverage and high degree of financial leverage is an ideal Situation-Discuss.
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Lever is a tool used to move things that are heavy or to loosen things that are firmly used-Discuss your opinion.
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Accounting is a service activity. Its function is to provide qualitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions.
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Every business transaction has two elements OR aspects. Justify and explain the statement with suitable examples.
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Discuss briefly the basic concepts and conventions of accounting.
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What are Generally Accepted Accounting Principles (GAAP) issued by ICAI?
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