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: E & C 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. With the help of a schedule and diagram, explain 'Law of Demand'. Why is demand curve negatively sloped ?
- Q2. State and explain law of equimarginal utility. Describe consumer's equilibrium with two commodities.
- Q3. Critically explain Law of Variable Proportion. Give its importance.
- Q4. With the help of a table and a diagram, explain the concept of total fixed cost, total variable cost and total cost. (Short run).
Section B
- Q5. Define 'National Income' and elucidate methods of calculating national income.
- Q6. (i) Define index numbers and discuss its uses. (ii) Explain in brief phases of trade cycle.
- Q7. Enumerate types of inflation and discuss methods to control inflation.
- Q8. Write short notes on : (a) Functions of Central Bank (b) Functions of Commercial Banks.
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