Engineering Economics & Management - Dec 2015
Mechanical Engineering (Semester 4)
TOTAL MARKS: 100
TOTAL TIME: 3 HOURS (1) Question 1 is compulsory.
(2) Attempt any four from the remaining questions.
(3) Assume data wherever required.
(4) Figures to the right indicate full marks. 1(a) Explain the term ''economics'' and in the context of economics, explain the meaning of markets and their characteristics.(7 marks) 1(b) Explain various types of organizations in detail.(7 marks) 2(a) Explain ''Fiscal Policy'', its objectives and tools in detail.(7 marks)
Solved any one question from Q.2(b) & Q.2(c)
2(b) What is ''management''? Explain the role of management in any organization.(7 marks) 2(c) As per Maslow's theory explain hierarchy of needs in detail.(7 marks)
Solved any one question from Q.3 & Q.4
3(a) With proper example, explain the objectives of manpower planning and its process(7 marks) 3(b) With proper examples explain sources of recruitment & process of selection.(7 marks) 4(a) What is marketing? With suitable example explain market segmentation in Detail.(7 marks) 4(b) Explain ''banking'. Explain the role of RBI and its functions in detail.(7 marks)
Solved any one question from Q.5 & Q.6
5(a) Explain the concept of ''demand'' and ''supply'' in the context of economics and also explain the equilibrium between demand and supply.(7 marks) 5(b) Explain the term ''inflation''. Also mention its types and measures to control inflation.(7 marks) 6(a) What is departmentalization? Also discuss centralization and decentralization.(7 marks) 6(b) With suitable example, explain Corporate Social Responsibility of organization.(7 marks)
Solved any one question from Q.7 & Q.8
7(a) Explain the concept of monetary policy in detail.(7 marks) 7(b) What do you mean by ''production management''. Explain the types of plant layout and also explain the factors affecting plant layout.(7 marks) 8(a) Explain scientific principles of management in detail.(7 marks) 8(b) What is finance management? Explain the functions of finance management.(7 marks)