Fundamentals of Economics 2018 Question Paper — Government College of…
The 2018 Fundamentals of Economics previous year question paper (Government College of Engineering and Technology, Jammu), with every question and its marks.
- University: Government College of Engineering and Technology, Jammu
- Subject: Fundamentals of Economics
- Course: Engineering Economics
- Branch: CIVIL ENGG.
- Year: 2018
- Paper: end-term
- Duration: 180 minutes
- Total marks: 100
Instructions
- Attempt five questions in all, selecting at least two questions from each section.
- All questions carry equal marks.
Questions
Section A
- Q1. Define Economics. Critically state and explain the law of demand. Why does demand curve slope downward ?
- Q2. Explain the Law of Diminishing Marginal Utility. Give its assumptions and limitations.
- Q3. Give the meaning of indifference curve and state its properties.
- Q4. With the help of a table and diagram show relationship between average cost and marginal cost.
Section B
- Q5. Explain the procedure of measuring national income in India. State the difficulties in measuring national income.
- Q6. What are the causes of inflation ? Explain different measures which have been taken to control it.
- Q7. Elaborate the difficulties in measurement of index number and give its importance.
- Q8. Write short notes on (any two) : (i) Stock Market (ii) Increase in demand and decrease in demand (iii) Consumer equilibrium through indifference curve.
Related pages
Other years
- Fundamentals of Economics 2018 question paper — end-term
- Fundamentals of Economics 2018 question paper — end-term
- Fundamentals of Economics 2018 question paper — end-term
- Fundamentals of Economics 2018 question paper — end-term
- Fundamentals of Economics 2018 question paper — end-term
- Fundamentals of Economics 2018 question paper — end-term