WBUT 2012: Economics For Engineers (Paper Code: HU-501)

CS/B.TECH(N)/CE/EE/CSE/ECE/IT/EIE/ICE/BME/CHE/FT/PWE/CT/EEE/SEM-5/HU-501/2012-13

2012

ECONOMICS FOR ENGINEERS

Time Allotted : 3 Hours                                              Full Marks : 70

The figures in the margin indicate full marks.

Candidates are required to give their answers in their own words

as far as practicable.

GROUP – A

(Multiple Choice Type Question)

1.       Choose the correct alternatives for the following:     10 x 1 = 10

          i)       Costs reflected in accounting system only are called

                   a)      Cash cost                       b)      Overhead cost

                   c)      Book cost                      d)      Direct cost.

          ii)      The opportunity cost of a good is

                   a)      the time last in finding it

                   b)      the quantity of other goods sacrificed to the another unit of that good

                   c)      the expenditure on the good

                   d)      the loss of interest in using saving.

          iii)     Which one is the right Accounting Equation? 

                   a)      Assets – Liabilities = Capital

                   b)      Assets + Liability = Capital

                   c)      Assets + Capital = Liability

                   d)      none of these.