B.E.

Mechanical Engineering Sem-V

ME503 - Industrial Economics & Entrepreneurship Development

P. Pages : 2 GUG/S/19/1648
Time : Three Hours *1282* Max. Marks : 80
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Notes : 1. All questions carry equal marks.
2. Answer Q. 1 or 2, 3 or, 4, 5 or 6, 7 or 8, 9 or 10.
3. Due credit will be given to neatness.
4. Assume suitable data wherever necessary.
5. Illustrate your answers wherever necessary with the help of neat sketches.
6. Use of non programmable calculator is allowed.

1. a) State & explain law of demand? Give its exception? 8

b) Explain the need for demand forecasting and methods of demand forecasting. 8

OR

2. a) Identify & Explain the factors determining elasticity of demand? 8

b) Illustrate the concept of law of diminishing marginal utility? 8

3. a) What are the various factors of production? Explain the characteristics of land? 8

b) What is the significance of Break Even point? Explain Break Even chart with its 8
advantages and disadvantages.

OR

4. a) What is tax? Discuss about direct & indirect taxes? 8

b) Explain law of returns? What is depreciation cost? 8

5. a) What is optimum firm? State the force which determine optimum size of firm? 8

b) Discuss the impact of globalization on Indian Economy? 8

OR

6. a) What is monopoly? How does monopoly discriminates between two different prices? 8

b) How price is determined under perfect competition? 8

7. a) What is entrepreneurship? Explain the competencies of entrepreneur. 8

b) Define small scale industry? Role of small scale industry in Nation building? What is the 8
procedure to set up SSI?

OR

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 8. a) Discuss the factors governing the selection of site? 8

b) What is the role of district industries center & state industrial development corporation? 8

9. a) How project report is prepared? Explain briefly various aspects of project feasibility? 8

b) Explain various method of conducting market survey? What are the governing factors for 8
the selection of product?

OR

10. a) What is working capital? Discuss the factors of governing working capital requirement. 8

b) Explain the role of consultancy organization in Indian Economy and state their 8
importance.

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