MEFA
MEFA and MS Previous External Papers
*B.tech II/IV I Mid examination*
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Multiple Choice:-
**********************
1.Leading Indicatormethod
is a ( )
a)survey method
b)statistical method c)interview method d)Regression method.
2.consumers interview
method is a ( )
a)statistical method
b)survey method c)sample survey method d)trend method.
3.Micro economies is
concerned with ( )
a)group of firms
b)individual units c)general price levels d)population.
4.which of the following is
a ( )
a)income of the producer
b)income of the consumer c)sales d)firm.
5.macro economies is
concerned with ( )
a)industry b)firm c)price
d)good.
Fill In The Blanks:-
*************************
1.Economics is a science of
---------------------------.<
2.Managerial economics is
concerned with decision making at ------------------------------------ level.
3.Veblon goods are also
known as--------------------------.
4.Giffers goods are also
known as---------------------------.
5.Demand for intermediate
good is -------------------- demand.
6.Tea and Coffee are ----------------------
goods.><
7.Advertisement elasticity
is also known as----------------------.
8.Demand for superior goods
increases with the increase in its -----------------------.
9.Complementary and
Substitute goods are ---------------------goods.
10.Table and Chair are
---------------- goods.
Short Answer Questions:-
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1.Explain the nature of
goods and services?
2.What are the exceptions
to law of demand?
3.What is " Engel
Curve" ?
4.Give "
Scarcity" definition of economics?
5.What are the survey
methods of forecasting and when they are used?
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*B.tech II/IV -II sem-
third mid examination*
Date:09-4-2002.
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Multiple Choice:-
**********************
1.Which of the following
does not appear in Trading Account ( )
a)Returns outwards
b)Returns inwards c)carriage outwards d)carriage inwards.
2.Which of the following is
not a current assets( )
a)Cash at bank b)Cash in
hand c)Rent d)Stock.
3.Which of the following is
a current asset ( )
a)Discount b)Rent c)Cash at
bank d)None.
4.Which of the following is
a current liability ( )
a)Cash at bank b)Discount
c)Creditors d)Rent.
5.Which of the following is
a not current liability ( )
a)Capital b)Outstanding
salaries c)Bills payable d)None.
Fill In The Blanks:-
*************************
6.Previous years closing
stock is_______________ this year.
7.Sales -cost of sales
=____________.
8._______________ - selling
,administrative,office expenses = NP.
9.Any amount payable is
a____________.
10. Any amount receivable
is a________________.
11.Machinary is a
________________________.
12.Cash is
a__________________ asset.
13.Creditors is a
________________________ liability.
14.______________________
is abook of primary entry.
15.Income received in
advance is ___________________.
Short Answer Questions:-
*************************************
16.If bad debts are
recovered where do you record?
17.Opening stock
=Rs30,000,Purchases=Rs 40,000,Wages =Rs 60,000,Sales=rs 1,50,000 and Closing
stock =Rs 30,000.Calculate Gross profit?
18.Write Accounting
equation in full?
19.What is the difference
between ' account ' and 'statement' ?
20.what is expense paid in advance?
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*B.tech II/IV -II sem-
fifth mid examination*
Date:31-03-2003.
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Multiple Choice:-
**********************
1.Sealed - bid is
___________ method( )
a)Penetration b)Cost-based
c)Competition based d) None.
2.Monopoly competition is a
market structure where exists ( )
a)Two sellers b)One seller
c)Two consumers d)Many consumers.
3.Prices are kept high in
___________ method ( )
a)Penetration b)Cost-based
c)Competition based d) None.
4. Prices are kept low in
method ( )
a)Penetration b)Cost-based
c)Competition based d) Demand based.
5.Maximum limit as to the
members in a private company is ________ ( )
a)10 b)20 c)50 d)
unlimited.
Fill In The Blanks:-
*************************
6.Expand P.I
_________________ _______________.
7.P.I is also known as
__________________ to_______________ ratio.
8.Expand
N.P.V______________ _________________ _____________.
9.Expand A.R.R
______________ __________________ _____________.
10.Working capital is
concerned with _________________ assets.
11.Capital budgeting is
concerned with __________________ assets.
12.K =
_______________________in capital budgeting.
13.Formula of P.I
_______________.
14.Formula of N.P.V
_______________.
15.A project costs Rs
2,00,000.Annual returns are 50,000 per annum for 6 years.Then pay back period
=_______________.
Short Answer Questions:-
*************************************
16.What are the two types
of capital budgeting techniques ?
17.What is the importance
of working capital in a business?
18.Write four features of
perfect competition?
19.Write four features of
sole-propriertorship?
20.what is Time Value of
Money?
_____________________________________________________________________________________________________________********************************************************************************************************************************************************
*B.tech II/IV -I sem- fifth
mid examination*
Date:31-10-2002.
**********************************************
MULTIPLE CHOICE:-
**********************
1.PC Khan and Sons is a ( )
a)Hindu Undivided family
b)Cooperative society c)Public company d)None.
2.Minimum number of members
required to form a public company ( )
a)2 b)5 c)7 d)10.
3.Maximum number of members
in a private company( )
a)10 b)20 c)50 d)100.
4.Maximum number of members
in a partnership firm( )
a)20 b)5 c)7 d)50.
5.Minimum number of members
in a partnership firm ( )
a)2 b)5 c)7 d)10.
FILL IN THE BLANKS:-
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6.Minimum number of members
required to form a cooperative society______________.
7.Eldest male member and
head of HUF is known as______________.
8.A company is a__________
person.
9.Members may come,members
may go,but a_____________ goes on forever.
10.Partnership Business has
a feature of ______________liability.
11.Sole propriertorship has
a feature of ______________liability.
12.Private company has a
feature of ______________liability.
13.public company has a
feature of ______________liability.
14.Cooperative society has
a feature of ______________liability.
15.Registration is not
compulsory in _____________ business.
SHORT ANSWER QUESTIONS:-
*************************************
16.Explain whether shares
in public company are transferable?
17.What is the rule for
transfer of shares in private company ?
18.Can a minor be a partner
in a partnership firm?
19.What are the instances
in which a patnership can be dissolved ?
_______________________
_______________________
________________________.
20.Give the types of market
competitions?
________________________________________________________________________________________________________________________________________________________________________________________________________________________.
_____________________________________________________________________________________________________________********************************************************************************************************************************************************
*B.tech II/IV -II sem-
first mid examination*
Date:16-01-2003.
*********************************************
MULTIPLE CHOICE:-
**********************
1.Which one is a producer
good?( )
a)Rice b)Coal c)Shirt d)Pen
.
2.Which is a perishable
good? ( )
a)Rice b)Building c)Shirt
d)Pen .
3.Which is a consumer
good?( )
a)Coal b)Factory plant
c)shirt d)wood.
4.Amartya sen has been
accorded by nobel prize for research in ( )
a)Wealth economics
b)Welfare economics c)micro economics d)managerial economics.
5.Complementary goods means
( )
a)Which are used together
b)one which replaces another c)Which are manufactured together d)None.
FILL IN THE BLANKS:-
*************************
6.Coffee and Sugar are
_____________ goods.
7.Sugar and Milk are
________________ goods.
8.Demand for raw materials
is also known as ________________demand.
9.Demand means desire
,purchasing power and ___________________.
10.________________________
methods are used to forecast demand when the good is a new demand.
11.Advertisement Elasticity
is also known as _________________ elasticity of demand.
12.When the price of a good
decreases the demand for its complementary good_______________.
13.When the price of a good
increases the demand for its substitute good ________________.
14.Producer goods are of
two types _______________ goods and________________goods.
15._________________ is a
example of service.
SHORT ANSWER QUESTIONS:-
*************************************
16.Who is the Father of
Economics?
17.Define
"Economics" ?
18.What are the methods of
Demand forecasting ?
19.What are the types of
Elasticities of Demand ?
20.What is Demand function?
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*B.tech II/IV -I sem- third
mid examination*
Date:27-09-2002.
************************************************
FILL IN THE BLANKS:-
*************************
1.In double Entry Book
Keeping system,
the two aspects of a
transaction are
1._____________________
2.__________________.
3.Accounting equation
=_______________________.
4.In _______________
Account all Production/factory expenses are debited.
5.In_________________
Account all Non-Production,Office Expenses are debited.
6._________________ is the
book of first entry.
7.___________________ is a
charge on asset due to general wear and tear.
8.Trading Account reveals
__________profit/loss.
9.Capital usually appears
on ____________side of balance sheet.
10.Carriage outwards
appears in _________account.
11.Where will the amount
spent on stationary appear?
a)trading A/c b)P&L A/C
c)balance sheet d)none
12.Trade expenses appear in
a) Trading A/C b)balance
sheet c)personal A/C d) none
13.Opening stock =Rs
30,000, purchases=Rs 40,000,sales=Rs 3,00,000 and closing stock is Rs
30,000.Then gross profit=Rs___________
a)1,00,000 b) 2,00,000
c)3,00,000 d)4,00,000
14.Which of the following
does not appear in trading account?
a) carriage inwards b)
returns inwards c)returns outwards d)commission
15.Goodwill is a _________
a)current asset b)current
liability c)fixed asset d)liquid asset
SHORT ANSWER QUESTIONS:-
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16.Prepare a balance sheet
of M/s XYZ as on 31-12-2001.
capital 2,00,000; drawings
20,000; new bad debts 20,000
net loss 20,000;creditors
20,000;plant and machinery 1,00,000;buildings 40,000;
debtors 20,000;cash at bank
20,000; stock 20,000.
____________________________________________________________________________________
LIABILITIES ASSETS
____________________________________________________________________________________
FIXED ASSETS
CURRENT ASSETS
__________________________________________________________________________________-__
17.What is a ledger?
Opening stock
40,000;purchase 50,000;closing stock 40,000;sales 1,50,000;carriage inwards
60,000;carriage outwards 30,000.
18.From the above data
calculate Gross profit?
19. From the above data
calculate net profit?
20.Explain the types of
assets?
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*B.tech II/IV -I sem-
second mid examination*
Date:07-09-2002.
***************************************************
MULTIPLE CHOICE:-
**********************
1.Opportunity cost is a
term which describe ( )
a)cost related to an
optimum level of production b)variable cost c)short -run cost d)cost of one
product in terms of production purchase of others forgone.
2.At break-even point total
sales and total cost are ( )
a)high b)equal c)low
d)none.
3.Isoquants are
combinations of factors of production which give ( )
a)same output b)increasing
output c)least output d)decreaseing output.
4.select the correct one
,In law of variable proportions which comes first? ( )
a)diminishing returns
b)constant returns c)increasing returns d)none.
5.Sales above the break
even point are known as ( )
a)break-even sales b)margin
of safety sales c)total sales d)minimum sales.
FILL IN THE BLANKS:-
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6.Economies of concentration
and information are______________________.
7.If total cost =200, fixed
cost=50,then VC=________________________.
8.(Fixed cost
+profit)/sales=______________________________.
9.If production increases
FC per unit will_____________________.
10.If production decreases
variable cost will________________________.
11.Scientists in Dr.Reddy
labs invented a new drug.The sales revenue of Dr.Reddy labs increased because
of new drug.you can refer this to as_____________________economies in
economics.
In Cobb-Douglas production
function the
12.Ratio of labour
is___________.
13.Ratio of capital
is____________.
14.If you are increasing
all factors of production in certain ratio,but the output is not increased,then
it can be said that_____________are operating.
15.If P/V Ratio=20%,and
sales=10,VC=__________________________.
SHORT ANSWER QUESTIONS:-
*************************************
16.
Amount(Rs) From the given
data:
Fixed cost 13,000
1.Variable cost 14,000
1.Calculate break-even point.
Total cost 27,000
Profit 3,000
Sales 30,000
17.Forecast the profit for
sales volume of Rs.50,000.
18.Estimate the volume of
sales turnover to make a profit of Rs.10,000.
19.Identify the type of
costs involved in the following graphs:
Cost_____________________
cost
_____________________
Production Ans:
____________________ cost
20.
Cost
____________________Cost
Ans: ____________________
cost
Production
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*B.tech II/IV -I sem- first
mid examination*
Date:23-08-2002.
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MULTIPLE CHOICE:-
**********************
1.which is not a capital
good? ( )
a)land b)labour c)capital
d)none.
2.which is not a factor
effecting demand?( )
a)price of substitute good
b)price of complementary good c)price of the good d)price of intermediate good.
3.Engle’scurve relates( )
a)income and demand
b)demand and price c)price and income d)none.
4.Savings are( )
a)capital goods
b)intermediate goods c)perishable d)durable.
5.Which one is a consumer
non-durable good ?( )
a)refridgerator b)cooler
c)icecream d)shirt.
FILL IN THE BLANKS:-
*************************
6.__________________ is the
father of economics.
7.Macro economics is
concerned with decision making at ________level.
8.Demand for raw material
ia also known as_______________demand.
9.When price decreases
demand ______________________.
10.Giffen’s goods demand
curve slopes _________________wards.
11.When price of coffee
increases the demand for tea ________________.
12.The demand
for_____________________goods increases as income increases.
13.If the price falls for
one among the substitute goods the demand for another good
__________________________.
14.Prestige good are
________________to the law of demand.
15.Demand for factors of
production is called________________.
Short Answer Questions:-
*************************************
16.What is Demand schedule?
17.What are inferior goods?
18.What are veblon goods?
19.Define cross elasticity
of demand ?
20.What is demand function?
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*B.tech II/IV -II sem-
first mid examination*
date:-25-02-2002.
***********************************************
MULTIPLE CHOICE:-
**********************
1.The first definition of
economics is concerned with( )
a)wealth b)welfare
c)scarcity d)none.
2.Which is not a type of
elasticity of demand ( )
a)price b)income c)quality
d)promotion.
3.End use method is a( )
a)survey method
b)statistical method c)sample survey method d)trend method.
4.Which of the following is
not a determinant of demand ( )
a)elasticity b)price
c)consumers income d)advertisement.
5.Regression method is a( )
a)sample survey method
b)end use method c)exports opinion method d)none.
FILL IN THE BLANKS:-
*************************
6.Demand of a good
increases with decrease in its _________________.
7.Diamond is
a_________________good.
8.Broken rice is
________________good.
9.Derived demand means
demand for _______________good.
10.The realationship
between demand and determinant of demand is known as___________________.
11.Bread and butter are
_____________________.
12.Cross elasticity of
demand measures changes in demand due to changes in______________________of the
good.
13. Price elasticity of
demand measures changes in demand due to changes in______________________of the
good.
14.Climate is
a__________________of a demand.
15.Demand of the good
increases with an increase in price of__________________good.
Short Answer Questions:-
*************************************
16.What is law of demand?
17.What are the exceptions
to law of demand ?
18.What are the types of
elasticity of demand?
19.What are the methods of
forecasting?
20.Write the types of goods
with examples?
MEPA and MS Previous External Papers