Model Paper no 1 ETCE -312
Compulsory question
1.
a)
b)
c)
d)
Write Short notes on the following
Cross elasticity of demand
Time value of money
Opportunity costs
Depreciation
(25 marks)
Section I
2. What do you understand by elasticity of demand? Why demand curve is
downward sloping
Or
3. Discuss about Indian Financial System. How does it help the economic
growth?
(12.5 marks)
Section II
4. How break even analysis is helpful in pricing decisions? What are its
limitations?
Or
5. What are the important financial statements? How will you prepare
profit and loss account?
(12.5 marks)
Section III
6. What is the difference between a partnership firm and a joint stock
company?
Or
7. What are the functions of a commercial bank? What are the products
available based upon technology
(12.5 marks)
Section IV
8. Small computers purchased by a public utility company costs Rs 7000/each. Past records indicate that they should have a useful life of 5 years
after which they will be disposed off with no salvage value. The company
currently has a cost of 7%. Determine:
a) Depreciation charge during the years 1, 2 & 3.
b) Book value of the computers and the end of year 3.
Or
9. What do you think are the main causes of inflation? Out of the two evils
– inflation and deflation, which is better and why?
(12.5 marks)