HSMC 301 Economics for Engineers (Humanities-II) Past Paper 2023-2024 PDF

CS/B.TECH(N)/ODD/SEM-3/3446/2023-2024/I040 MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY, WEST BENGAL Paper Code : HSMC 301/HSMC-301/HSMC301 Economics for Engineers (Humanities-II)...

CS/B.TECH(N)/ODD/SEM-3/3446/2023-2024/I040 MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY, WEST BENGAL Paper Code : HSMC 301/HSMC-301/HSMC301 Economics for Engineers (Humanities-II) UPID : 003446 Time Allotted : 3 Hours Full Marks :70 The Figures in the margin indicate full marks. Candidate are required to give their answers in their own words as far as practicable Group-A (Very Short Answer Type Question) 1. Answer any ten of the following : [ 1 x 10 = 10 ] (I) The combination of stagnation and inflation is known as _________. (II) In the situation of bankruptcy, a stock which is recorded above common stock and below debt account is _______________. (III) What is WPI? (IV) Sensitivity of demand to change in price is known as ________. (V) Decision tree algorithm belongs to the__________family. (VI) A firm buys products but does not pay to suppliers instantly. This is recorded as ______. (VII) What is the usage of Power-sizing Model? (VIII) The owner of the debenture is qualified for Fixed-rate interest. (True / False) (IX) A portfolio having two risky securities can be turned risk less if ____________. (X) On balance sheet, accruals, notes payable, and account payable are listed under current liabilities (True / False) (XI) A company that issues stocks and bonds to raise funds results in _____________. (XII) What Is the Benefit-Cost Ratio (BRC)? Group-B (Short Answer Type Question) Answer any three of the following : [ 5 x 3 = 15 ] 2. What is Income Statement? 3. What is a patent? 4. What are Recurring cost and Non-recurring cost? 5. How can GST give relief to the overall tax burden? 6. Is there any Importance of Ethics in Engineering and Engineering Economy? Group-C (Long Answer Type Question) Answer any three of the following : [ 15 x 3 = 45 ] 7. (a) Explain the types of property in the context of Depreciation. (b) 'Almost all tangible property can be depreciated'._____ Explain. (c) 'One important exception is land, which is never depreciated.'_____ Explain. 8. (a) Suppose a professional golfer wants to invest some recent golf winnings in her hometown bank for one year. Currently, the bank is paying a rate of 5.5% compounded annually. Assume inflation is expected to be 2% per year. Identify i, f and i′. Repeat for inflation of 8% per year. (b) What is CPI or retail inflation? 9. (a) A firm expanded one of its manufacturing operations inside an existing building. New processing and packaging equipment was purchased for $800,000. Sales revenue for the year was $1.25 million. Operating expenses for that year, not including the capital expenditures, were $360,000. The new equipment qualifies for 100% bonus depreciation. (i) What is the first-year depreciation charge? (ii) What is the first-year taxable income? (iii) What are the federal income taxes for the year? (b) Illustrate the model of a Balance sheet. 10. (a) What are the steps involved in the rational decision making process? (b) What do you know about the unusual aspects of engineering decision making? 1/2 11. (a) How is CPI used to measure inflation? (b) Does an increase in CPI mean inflation? (c) What are the probability distributions for the annual benefit and life for the following project? The annual benefit’s most likely value is $8000 with a probability of 60%. There is a 30% probability that it will be $5000 and the highest likely value is $10,000. A life of 6 years is twice as likely as a life of 9 years. *** END OF PAPER *** 2/2