INDIAN INSTITUTION OF INDUSTRIAL ENGINEERINGiiie-india.com/IIIE/uploads/latest_news/ann_1444453508.pdfINDIAN INSTITUTION OF INDUSTRIAL ENGINEERING Submission of Internal Assignment

INDIAN INSTITUTION OF INDUSTRIAL ENGINEERING

Submission of Internal Assignment

February 2016 Examination

The Internal Assignment for Preliminary, Section A & B will be required to be submitted by those students appearing for February 2016 exam. All eligible students are hereby directed to submit the completed Internal Assignment for the subjects they are appearing for February 2016 exam on or before 31st December 2015.

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INDIAN INSTITUTION OF INDUSTRIAL ENGINEERING

Submission of Internal Assignment

February 2016 Examination

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INDIAN INSTITUTION OF INDUSTRIAL ENGINEERING GRADUATESHIP EXAMINATION

Section-A Internal Assignment

IEA 01 PROBABILITY AND STATISTICAL METHODS Instructions: All questions are compulsory.

Q.1. a) J.J. Thomson (1856 - 1940) discovered the electron by

negatively charged particles for which he could measure the mass - change ratio. The ratio appeared to be constant over a wide range of experimental conditions and consequently could be characteristics of a new particle. His observations from two cathode ray tubes that used air as the gas are

Tube 1 0.57 0.34 0.43 0.32 0.48 0.40 0.40

Tube 2 0.53 0.47 0.47 0.51 0.63 0.61 0.48 (i) Draw dot diagram with solid dots for Tube 1

observations and circles for Tube 2 observations.

(ii) Calculate the mean and standard deviation for the Tube 1 observations.

(iii) Calculate the mean and standard deviation for the

Tube 2 observations. (10)

b) A civil engineer monitors water quality by measuring the

amount of suspended solids in a sample of river water over 11 weeks the following observations were recorded 14,12,21,28, 30, 63,29, 63, 55, 19, 20

Suspended solids (parts per million)

(i) Find the quartiles

(ii) Find the minimum, maximum, range and inter quartile

range,

(iii) Construct a box plot (10)

1

Q.2. a) Agricultural co-operative claims that 90% of the watermelons shipped out are ripe and ready to eat. Find the probabilities that among 18 watermelons shipped out

(i) All 18 are ripe and ready to eat

(ii) At least 16 are ripe and ready to eat

(iii) At most 14 are ripe and ready to eat (06)

b) If a bank receives on the average α = 6 bad checks per

day, what are the probabilities that it will receive.

(i) 4 bad checks on any given day; (ii) 10 bad checks over any 2 consecutive days (06)

c) A shipment of 120 burglar alarms contains 5 that are

defective. If 3 of the alarms are randomly selected and shipped to a customer, find the probability that the customer will get one bad unit by using

(i) The formula for the hyper geometric distribution

(ii) The formula for the binomial distribution as an

approximate (08)

Q.3. a) To estimate the average time it takes to assemble a certain

computer component the industrial engineer at an electronics firm timed 49 technicians in the performance of this task, getting a mean of 12.00 minutes and a standard deviation of 1.90 minute.

(i) What can we say with 95% confidence about the

maximum error if X = 12.00 is used as a point estimate of the actual average time required to do the job?

(ii) Use the given data to construct a 99% confidence

interval for the true average time it takes to assemble the computer components. (08)

b) In a labour management discussion it was brought up that

workers at a certain large plant take on average 32.6 minutes to get to work. If a random sample of 60 workers took on the average 33.8 minutes with a standard deviation of 6.1 minutes, can we reject the null hypothesis µ = 32.6 in a favor of the alternative hypothesis µ > 32.6 at the 0.05 level of significance? (08)

2

c) Explain why the following will not lead to random samples from the desired populations.

(i) To determine what the average person spends on

a vacation, a market researcher interviews passenger on a luxury cruise.

(ii) To determine public sentiment about certain import

restrictions an interviewer asks voters "Do you feel that this unfair practice should be stopped? (04)

Q.4. a) Raw material used in the production of synthetic fiber is stored in a place which has no humidity control. Measurements of the relative humidity in the storage place and the moisture content of a sample of the raw material (both in percentages) on 12 days yielded the following results: (10)

Humidity x 42 35 50 43 48 62 31 36 44 39 55 48

Moisture

content y 12 8 14 9 11 16 7 9 12 10 13 11

(i) Make a scatter plot to verify that it is reasonable to assume that the regression of y on x is linear

(ii) Fit a straight line by the method of least squares,

(iii) Estimate the moisture content when humidity is 45%.

(iv) Determine the correlation coefficient.

b) The following are the scores of 15 students obtained in

the midterm and final examinations in a course in probability and statistics (10)

Midterm

Exam, x 70 50 80 75 90 85 60 80 65 30 85 80 70 65 40

Final

Exam, y 85 60 75 80 90 75 50 75 75 50 75 90 65 55 60

(i) Find the equation of the least square line to fit these data,

(ii) Estimate the final examination scores of a student

who received a score of 74 in the midterm examination.

3

Q.5. a) An industrial engineer intends to use the mean of a random sample of size n = 150 to estimate the average mechanical aptitude (as measured by a certain test) of assembly line workers in a large industry. If on the b

basis of experience, the engineer can assume that α = 6.2 for such data, what can be assert with probability

0.99 about the maximum size of his error? (06)

b) To estimate the average time it takes to assemble a

certain computer component, the industrial engineer at an

electronics firm hired 40 techniques in the performance of

this task getting a mean of 12.73 minutes

and a standard deviation of 2.06 minutes (08)

(i) What can we say with 99% confidence about the maximum if X = 12.73 is used as a point estimate of the actual average time required to do the job?

(ii) Use the given data to construct a 98% confidence

interval for the true average time it takes to assemble the computer component.

c) As estimate of the mean time of continuous use until an

answering machine will first require service is desired. If

it can be assumed that α = 60 days, how large a sample is needed so that one will be able to assert with 90%

confidence that the sample mean is off by at most 10

days? (06)

Q.6. a) Given a random sample of 5 pints from different

production lots, we want to test whether the fat content

of a certain kind of ice cream exceeds 14%. What can

be conclude at the 0.01 level of significance about the

null hypothesis µ = 14% if the Sample has mean

= 14.9% and the standard deviation σ = 0.42%? (06)

X

b) Specify the null hypothesis and alternative hypothesis in each of the following cases,

(i) An automobile manufacturer wants to confirm a

suppliers claim that the maximum resistance in a wiring harness is less than 50 ohms,

(ii) An investigator wants to establish the research

department's claim that a new filament will increase mean bulb life of more than 3,000 hours. (08)

4

c) To compare two kinds of bumper guards, 6 of each kind were mounted on a certain kind of compact car. Then each car was run into a concrete wall at 5 miles per hour and the following are the costs of repairs (in memory terms) be able to assert with 90% confidence that the sample mean is off by at most 10 days?

Bumper guard 1 107 148 123 165 102 119

Bumper guard 2 134 115 112 151 133 129

Use the 0.01 level of significance to test the difference between the two sample means is significant. (08)

Q.7. a) The following are the numbers of mistakes made in 4 successive days for 4 technicians working for a photographic laboratory: (10)

Technician I Technician II Technician III Technician IV

5 13 9 8

13 8 11 11

9 11 6 7

10 13 10 10

Test at the level of significance α = 0.0.5 whether the differences among the 4 samples means can be attributed to chance.

b) An experiment was designed to study the performance

of 4 different detergents for cleaning fuel injectors. The following "cleanness" readings were obtained with specially designed equipment for 12 tanks of gas distributed over 3 different models of engines:

Engine 1 Engine 2 Engine 3 Total

Detergent A

45 43 51 139

Detergent B

47 46 52 145

Detergent C

48 50 55 153

Detergent D

42 37 49 128

Total

182 176 207 565

5

Conduct a two way analysis of variance (ANOVA) present the

result on a ANOVA table and test at 0.01 level of significance

whether there are differences in the detergents or in the

engines. (10)

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6



IEA02 OPERATIONS RESEARCH Instructions: All questions are compulsory

Q.1 a) Diet for a sick person must contain at least 4000 units of Vitamins, 50 units of minerals and 1400 calories. Two

foods A and B are available at a cost of Rs.4 and Rs.3

per unit respectively. If one unit of A contains 200 units

of vitamins, I unit of mineral and 40 calories and one unit of B. contains 100 units of vitamins, 2 units of minerals

and 40 calories. Formulate the problem as Linear

Programming model. (05)

b) Solve the following by simplex method (15)

Maximize Z = 5X1 + 3X2 + X3

Subject to X

1 + X

2 + 3X

3 ≤ 6

5X

1 + 3X

2 + 6X

3 ≤ 15

X

1, X

2 and X

3 ≥ 0

Q.2. a) What is discrete event simulation? Explain how

simulation can be used as an alternative to analysis. (10)

b) Explain the role of Operation Research in problem Solving. (10)

Q.3. a) What is saddle point? Explain. (05)

b) Solve the following game and find the optimum Strategies and value of the game. (15)

A B C D

1 8 2 4 10

2 2 -3 1 12

3 2 3 3 9

4 5 2 6 10

1

Q.4. a) Four buildings (B1,B2,B3 and B4) are to be constructed (15) by four different contractors (Cl, C2, C3 and C4).Each contractor has submitted the bid for the four buildings. The bid amount has been shown below. The problem is to determine which building is to awarded-to each contractor; so as to keep the cost of construction of four building optimum.

Contractor

Building C1 C2 C3 C4

B1 48 48 50 44

B2 56 60 60 68

B3 96 94 90 85

B4 42 44 54 46

b) What is duality in LPP? Explain. (05)

Q.5. a) A company has three factories X, Y, Z. It supplies goods to four

warehouses (Wl, W2, W3, W4). The production capacities

of the factories and demand of the warehouses are as

shown in the table. Determine the optimal solution of the problem. (15)

Warehouse

W1 W2 W3 W4 Production

Capacity

Factory X 19 30 50 12 7

Y 70 30 40 60 10

Z 40 10 60 20 18

Demand 5 8 7 15

b) What are the different criterions used for decision under

uncertainty? Explain (05)

Q.6. a) The arrival rate of customers at a reservation center

follows Poisson distribution with a mean of 55 per hour.

The service rate of the counter .clerk also follows Poisson

distribution with a mean of 65 per hour, (08)

(i) What is the probability of having 0 customer in the

system?

2

(ii) What is the probability of having 6 customers in the system?

(iii) What is the probability of having 12 customers in

the system?

(iv) Also find the number of customers in the system and in the queue.

b) A company manufactures 30 units per day. Sale of these

items depends upon demand which has the following distribution: (12)

Sales (units) 21 28 29 30 31 32

Probability 0.10 0.15 0.20 0.35 0.15 0.05

Production cost and sales price of each unit are Rs.40 and Rs.50 respectively. Any unsold product is to be disposed off at a loss of Rs.15 per unit. There is penalty of Rs.5 per unit if the demand is not met. Using the following random numbers estimate the total profit / loss for the next ten days: 10, 99, 65, 99, 95, 01, 79,11, 16, 20.

Q.7. a) Write short notes on (Any two) (20)

(i) Sensitivity Analysis

(ii) Decision Tree

(iii) Queuing models

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Section-A Internal Assignment IEA03 FINANCIAL ACCOUNTING & COSTING

Instructions: All questions are compulsory

Q.1. Prepare Trading A/C, Profit & Loss A/C for the year ending

31/03/2015 and Balance Sheet as at 31/03/2015 of Kart Ltd., from the following details : (20)

Trial Balance of Kart Ltd., as on 31/03/2015

Particulars Debit Rs. Credit Rs.

Opening Stock 30,000

Purchase / Purchase return 75,000 1,000

Sales / Sales return 2,400 1,25,000

Wages 3,500

Insurance 2,000

Salaries 5,600

Rent 2,800

Bad debts 600

Discount allowed/received 1,300 1,000

Machinery 15,000

Land 50,000

Advertisement 600

Interest on Bank Loan 2,000

Cash in hand 3,000

Furniture 10,000

1

Office expenses 2,200

Equity share capital 70,000

15% Bank loan 20,000

Debtors and Creditors 41,000 30,000

Total 2,47,000 2,47,000

Adjustments to be made

a) On 31/03/2015 Closing Stock of goods was valued at

Rs.45,000.

b) As on 31/03/2015 outstanding rent was Rs.700.

c) As on 31/03/2015 prepaid wages was Rs. 500.

d) Depreciate Machinery by 10% and Furniture by 15% per annum.

e) Interest on Bank loan taken was not fully paid for the year.

Q.2. The following regarding Material AD10 is provided by

S Limited for the month of June 2015. (20)

June 3: Purchased 2000 units @ Rs.8 per unit

June 9: Purchased 2000 units @ Rs. 10 per unit

June 15: Issued 3000 units

June 20: Purchased 2000 units @ Rs.9 per unit

June 25: Issued 2000 units

Prepare a Stores Ledger for the month of June 2015 from the above transactions under each of the following methods:

(i) First In First Out (FIFO) Method

(ii) Last In First Out (LIFO) Method

(iii) Simple Average Pricing Method

(iv) Weighted Average Pricing Method

Q.3. a) Explain the concept of Working Capital. What are the

constituents of working capital? (04) 2

b) Company ETZ manufactures two products Axle and Gear. Following particulars are available for the year ended March 2015. (16)

Particulars Product Axle Product Gear

Rs. Rs. Rs. Rs.

Sales 12,00,000 24,00,000

Less:

Variable Cost 9,60,000 16,80,000

Fixed Cost 1,20,000 10,80,000 4,80,000 21,60,000

Profit 1 ,20,000 2,40,000

You are required to calculate the following:

(i) Profit Volume Ratio for each product,

(ii) Break-Even point in Rupees for each product,

(iii) Margin of Safety in Rupees for each product.

(iv) Sales volume required to earn a profit of Rs.3,00,000 for each product

Q.4. a) The following data is available in the books of Canon Ltd. for the year ended 31/03/2015. (14)

Extract from Balance Sheet as on 31/03/2015

Closing Stock: Rs.60,000 Debtors: Rs.55,000

Cash and bank balance: Rs. 5,000

Share Capital: Rs.1,50,000 Creditors: Rs. 30,000

Reserves and Surplus: Rs. 1,20,000

Long term loan taken from bank: Rs. 90,000

Extract from Profit & Loss Account for the year ended 31/03/2015

Opening Stock: Rs.50,000 Credit Sales: Rs.5,50,000

Gross Profit: Rs. 1,10,000 Net Profit: Rs.44,000

Cost of Goods Sold: 4,40,000

Calculate the following for Canon Ltd.

3

(i) Gross Profit Ratio

(ii) Net Profit Ratio

(iii) Current Ratio

(iv) Liquid Ratio

(v) Stock Turnover Ratio

(vi) Debtors Turnover Ratio

(vii) Debt Equity Ratio

b) X an employee of Zee Ltd. gets the following salary. (6)

1. Basic pay Rs. 20,000 per month

2. Dearness allowance (DA) Rs. 4000 per month

3. Monthly Bonus 20% of basic pay and DA

4. Other allowances Rs. 5000 per month

5. Employer's contribution to 10% of basic pay and DA Provident Fund per month

6. Employee's contribution to 10% of basic pay and DA

Provident Fund per month

From the above given particulars calculate the following:

(i) Monthly take home salary of Mr. X.

(ii) Total monthly salary cost to company Zee Ltd. In respect of employee X.

Q.5. a) What do you understand by Capital Budgeting? Discuss the following methods of evaluating projects for financial viability (15)

(i) Net Present Value Method

(ii) Simple Payback Period Method

(iii) Discounted Payback period Method

(iv) Average Rate of Return Method

b) Explain by drawing a specimen format what is meant by

a Purchase Order. To which departments should copies

of a Purchase Order be sent? (5) 4

Q.6. Given below is a Budget for the production of 10,000 Electrical Switches: (20)

Particulars Total Cost Per unit cost Production Quantity: 10,000 units (Rs.) (Rs.)

Direct Material 6,00,000 60

Direct Labour 3,00,000 30

Direct Expenses 50,000 5

Prime Cost 9,50,000 95

Add:

Variable Production Overheads 2,50,000 25

Fixed Production Overheads 1,50,000 15

Factory Cost 13,50,000 135

Add:

Fixed Administraton Overheads 50,000 5

Cost of Goods Sold 14,00,000 140

Add:

Variable Selling Overheads 1,75,000 17.50

Fixed Selling Overheads 25,000 2.50

Cost of Sales 16,00,000 160

The Total Cost amounts for Fixed Production Overheads, Fixed Administration Overheads and Fixed Selling Overheads remain rigid irrespective of the levels of production

Based on the above particulars you are required to prepare Budgets for Production levels of:

(i) 6,000 electrical switches

(ii) 8,000 electrical switches

Q.7. Write briefly on the following: (20)

a) Normal and Abnormal Idle Time

b) Target Costing

c) Balanced Score Card

d) ABC Analysis in Inventory Control

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Internal Assignment Section A

IEA 04 PRINCIPLES AND PRACTICE OF MANAGEMENT


Q.1. Explain the evolution of Scientific Management? Also explain

it's significance in today's era? (20)

Q.2. a) Explain the functions of Project Manager? What are the characteristics of successful Project Manager? (10)

b) Define Span of control? What is the significance of Span of Control? (10)

Q.3 What is the significance of Recruitment and Selection? Explain the step by step process of Recruitment and Selection? (20)

Q.4 Define Organization Culture? What are the different techniques to develop healthy organizational culture? How it impacts the

performance of an organization? (20)

Q.5 a) Explain the role of Human Resource Department? (10)

b) What do you understand by Managerial Ethics? (10)

Q.6 Define Production Planning & Control? Explain the different

functions of it? What are the challenges in PPC? (20)

Q.7 a) What are the characteristics of Project & Matrix

Organizations? (10)

b) Explain the role of Marketing Manager? Also explain the concept of Market segmentation? (10)

———— × ————

1



IEA 05 – WORKS SYSTEM DESIGN


Q.1. a) what is difference between production and productivity? How

productivity is related with a standard of living? (05)

b) Match the following: (05)

1. Time study a. Man-machine-environment relation

2. Method study b. Observation of single worker at a specific station

3. Ergonomics c. Observation of Single operator operating several 4. Right-Left Hand Chart machines

5. Multiple activity chart d. Stop watch method

e. Improved working and

standardized procedures

c) Define work study and explain its importance in enhancing overall efficiency of an organization. (10)

Q.2 a) What is method study? Explain different steps involved in conducting method study. (10)

b) What is flow process chart? Explain flow process chart with suitable example. (10)

Q.3 a) Explain the theory of learning curves? (10)

b) What are the principles of material handling? (10)

1

Q.4 a) What is activity sampling? (10)

b) What is an element in a time study? Explain in detail the types of elements with a suitable example of each. (10)

Q.5. a) Define ergonomics and Justify the following statement: 'Good working conditions are essential for reducing work fatigue on operators'. (10)

b) What is job evaluation and merit rating? (10)

Q.6 a) What is predetermined time standard systems? Shortly summarize the Maynard Operational Sequential

Technique (MOST). (10)

b) Explain in detail the analytical estimation technique for determining work norms. (10)

Q.7 a) What is ventilation? Explain the ways through which humidity, temperature and noise can be controlled in

industry. (10)

b) What are incentive schemes? Explain in detail any type of incentive scheme. (10)

———— × ————

2


Section A Internal Assignment

IEA06 Manufacturing Technology Instruction : All questions are compulsory

Q.1. a) Out of the Four Manufacturing Process Categories (Casting, Metal Forming, Fabrication and Material

Removal), write down brief notes on any two process

categories (not more than 5 sentences each). (4)

Having written down notes on Two Processes out of above four, now list down the various processes in

OTHER

Q.1. b) TWO CATEGORIES (e.g. if you have written notes on Casting and Metal Forming, then now list down various

processes used in Fabrication & Material Removal

Categories) (4)

Q 1. c) As an Industrial Engineer, you have to choose between two options for manufacturing a component (based on

Total Cost of Production). In the first option, you can use

blocker type forging, followed by heavy machining. In

the second option, you can use close tolerance forging

followed by finish machining. The cost details are as

follows: Forging Costs :

Die Cost: a) For Blocker type it is b) for Closed type it is Rs 33,500 and Rs. 65,000

Setup Cost a) For Blocker type it is b) for Closed type it is Rs 2,500 and Rs. 3,600

Forging piece cost a) For Blocker type it is Rs 160 and

b) for Closed type it is Rs. 220 (6) Machining Costs

Tooling Cost a) For Blocker type it is Rs 86,240 and

b) for Closed type it is Rs 10,000 1

Set Up Cost a) For Blocker type it is Rs 7,120 and b) for Closed type it is Rs 1,080

Running Cost a) For Blocker type it is Rs 1600 and

b) for Closed type it is Rs 200

Calculate the Total Cost for both the Processes.

Which Process you will select for making 1000 Nos.of

components

What will be your option, if quantity to be produced is 2000, and why?

Q.1. d) Write a short Note on "Cutting Tools Materials" (4)

Q.1. e) What is meant by "tool Life"?. What are the reasons of

Tool Failure? (2)

Q.2. a) What are the advantages and limitations of sand casting

Process. Also explain how the limitations of sand casting processes are overcome (4)

Q.2. b) Explain the various terms used in Casting Process a) Drag, b) Cope c) Parting line d) Pattern (4)

Q.2. c) What is casting yield? (2)

Q.2. d) List down the provisions to be made while designing Gating system to get defect free casting (i.e. what are

the objectives of gating system) (6)

Q.2. e) What is meant by blowholes? What are the causes and remedies? (4)

Q.3. a) Differentiate between Hot & Cold Working process. What are their advantages and disadvantages? Illustrate with

examples. (10)

Q.3. b) List down the typical Forging defects and your understanding about it (4)

Q3. c) Write a short note on Wire Drawing Process (4)

2

Choose correct option

Q.3. d) The Process used to make the aluminum collapsible

tube used to keep the toothpaste is (2)

(i) Cold-extrusion forging

(ii) Impact extrusion

(iii) forward hot extrusion

(iv) forward cold extrusion

Q4. a) What are causes of welding defects? (10) Explain any four welding defects in detail

b) Write short notes on any two (explain the process with

a small sketch and write down for which applications this process is used) (8)

(i) Arc Welding

(ii) Resistance Spot Welding

(iii) Types of weld joints (with sketches)

(iv) Soldering

(v) Inert Gas Shielded Arc Welding

Q.4 c) Choose correct option (2)

For very thick plates, the following edge preparation is

preferable

(i) Single v (ii) Single u

(iii) Double u (iv) Double v

Q.5. a) Why Interchangeability of Parts required in mass

production? (5)

What is meant by Clearance fit and What is meant by Interference fit?

Q5 b) What you understand by Comparators? (5)

Explain the Principal of Optical Comparator

3

Q.5. c) Define Jigs and Fixtures. (4)

What are the advantages of using Jigs and Fixtures

Q.5. d) Which are the different types of clamps used in Jigs & Fixtures? (at least 6) (6)

Explain Pivoted Clamp with help of a sketch

Q.6. a) What is Broaching? What are the Advantages and

Limitations of Broaching Operation? (4)

Q.6. b) What is honing? How & Why it is performed (6)

Q.6. c) How a Grinding wheel is selected? Outline various

factors that influence its selection (6)

Q.6. d) Write a short note on Pinion Cutter Generating Process

(not more than five sentences) (4)

Q.7. a) What you understand by Part Programming? Explain

what is meant by N Code, G Code, S Code, F code and

T code, X code, Z code, M code (8)

Q.7. b) Write a short Note on Computer Integrated Manufacturing (CIM) OR FMS (6)

Q.7. c) Write a short note on either Abrasive Jet Machining (AJM)OR Electro-Chemical Machining (ECM) (6)

————— × —————

4


Section A

Internal Assignment

IEA 07 – SYSTEM APPROACH Instructions: All questions are compulsory

Q.1. What do you mean by MIS? Explain with example?

Q.2. Explain the general problem solving process followed in

solving organizational problem through system approach. Illustrate with example.

(20)

(20)

Q.3. System approach is a step ahead of scientific views of

management which focuses on worker and machine

relationship. Explain it. (20)

Q.4. How does system approach of management differ from (20)

contingency or situational management?

Q.5. What is system concept? Do you think that organization is a

system? Draw a system diagram for a manufacturing unit and (20)

explain the components of the system.

Q.6. Differentiate between Open system and Closed system. Explain (20)

with diagram and suitable examples.

———— × ————

1


Section-A

Internal Assignment

IEA 08 ECONOMICS & INDIAN ECONOMIC ENVIRONMENT


Q.1. a) Explain the law of diminishing marginal utility with suitable example.

b) Differentiate between total utility and marginal utility. (10)

Q.2. a)What is the law of demand? Give the non-price

determinant of the demand. (10)

b) What are different methods of measuring price elasticity of demand? (10)

Q.3. a) List down the difference between perfect competition

and monopolistic competition. (10)

b) Determine how price is determined in monopoly. (10)

Q.4. Explain the following terms: Full employment, under

employment, partial employment and unemployment. (4×5=20)

Q.5. a) Give in brief the challenges faced by the Industrial development in India. (10)

b) State the measures taken by government to overcome these challenges. (10)

Q.6. a) What do you mean by economic development and what are its indicators? (10)

b) What is the difference between development and process of growth? (10)

1

Q7. Write short notes on the following: (4×5=20)

a) Differentiate between Micro Economics and Macro Economics

b) Economic planning in India

c) Efficiency enhancement measures in Public sector

Enterprises

d) National population policy.

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