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EFAE Final Question Bank-2023

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27 views3 pages

EFAE Final Question Bank-2023

Uploaded by

kishwaryarani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MADANAPALLE INSTITUTE OF TECHNOLOGY & SCIENCE, MADANAPALLE

(UGC-AUTONOMOUS)
B. Tech II Year I Semester
Question Bank (EFAE)
Short Answer Questions
Unit - I
1. Different between macro and micro economics
2. Illustrate types of price elasticity of demand
3. Economics and diseconomics of scale
4. Law of supply
5. Factors determining elasticity of demand
6. Demand Schedule
7. Future and scope of economics
8. Define elasticity of supply
9. Exception law of demand
10. What is demand Schedule?
11. What are the determinants of demand?
12. Outline demand function
13. Discuss cross elasticity of demand

Unit-II
14. Ellaborate Production function with one variable inputs
15. Describe Iso-quant, iso-cost, cobb-douglas production function
16. Opportunity cost with examples
17. What is variable cost?
18. What is cost? Discuss cost output relationship in the short run and long run
19. Demonstrate opportunity cost with examples
20. Elaborate returns to scale
21. Build up contribution formula

Unit-III

22. Price Crimination


23. International market
24. penetration pricing
25. Market demand
26. Market supply
27. What do you mean by market?
28. Demonstrate skimming pricing.

Unit-IV
29 What is accounting
30 Journal
31 What is ledger
32 What is double entry system
33 What are the rules of personal account?

Unit-V
34 Traditional methods of capital budgeting
35 Liquidity ratios
36 ratio analysis
37. Elaborate net present value method.
38. What is stock turnover ratio?

Long Answer Questions


Unit-I
1. Summarize the problems of scarcity and choice.
2. Describe is elasticity of demand? Illustrative factors determine elasticity of
demand.
3. Explain the differences between macro and micro economics
4. Illustrate types of income elasticity of demand.

Unit-II
5. Define Cost? Distinguish between long run cost and short run cost
6. List out Breakeven point assumptions and importance.
7. Elucidate production function with two variable inputs.
8. Sales 8000 units @ Rs. 20 per unit
Variable cost per unit Rs 16
Fixed cost Rs.20000
Evaluate 1) P/V Ratio 2) Margin of safety and 3) BEP in Rs & units,4) Sales required
to earn a profit of Rs 30000
Unit-III
9. Distinguish between Monopoly and monopolistic.
10. How do you determine price- output under monopoly?
11. Explain Perfect completion features and price output determination under it.

Unit-IV
12. Elucidate accounting concepts and conventions.
13. Prepare Pro-forma of profit & loss account and Balance sheet
14. Elucidate different types of accounts with rules and suitable examples.
15. Journalise the following transactions
2022-12-01 Chandra started business with cash Rs 40000
03 Paid into the Bank Rs 2000
05 Sold goods Rs 6000
07 Purchased furniture Rs 5000
10 Purchased goods from Amruth Rs 8000
15 Sold goods to Raju Rs 10000
20 Goods return by Raju Rs 2000
22 Goods return to Arvind Rs 1000
25 Telephone charges Rs 1000
30 Rent Rs 1500 and salary Rs 3000

16. Elucidate different types of accounts with rules and suitable examples.

Unit-V
17. Paraphrase different types of ratios
18. Explain NPV & IRR in brief.
19. A project needs an investment of Rs 150000, scrap value Rs 4000 and working
capital Rs 10000. The cost of capital is 12 percent. Calculate ARR and suggest
whether projects should be accepted or not.

Year 1 2 3 4 5 6
PAT 15000 1800 10000 22000 16000 9000
0

20. Explain different types of capital budgeting techniques.

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