Economics for Engineers (Humanities-II) 2024 — MAKAUT · HSMC-301 · Mid Sem PYQ with solutions

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Maulana Abul Kalam Azad University of Technology

Solutions

29 answers across 3 groups

Try each question first, then open it to check your answer.

Group AVery Short Answer Type Question · answer any 10 · 1 mark each

  1. 1(i)

    The combination of stagnation and inflation is known as ________.

    Free sample

    Answer: stagflation

  2. 1(ii)

    In the situation of bankruptcy, a stock which is recorded above common stock and below debt account is _______________.

  3. 1(iii)

    What is WPI?

  4. 1(iv)

    Sensitivity of demand to change in price is known as ________ .

  5. 1(v)

    Decision tree algorithm belongs to the________family.

  6. 1(vi)

    A firm buys products but does not pay to suppliers instantly. This is recorded as _______.

  7. 1(vii)

    What is the usage of Power-sizing Model?

  8. 1(viii)

    The owner of the debenture is qualified for Fixed-rate interest. (True / False)

  9. 1(ix)

    A portfolio having two risky securities can be turned risk less if ______________.

  10. 1(x)

    On balance sheet, accruals, notes payable, and account payable are listed under current liabilities (True / False)

  11. 1(xi)

    A company that issues stocks and bonds to raise funds results in _____________.

  12. 1(xii)

    What Is the Benefit-Cost Ratio (BRC)?

Group BShort Answer Type Question · answer any 3 · 5 marks each

  1. 2

    What is Income Statement?

  2. 3

    What is a patent?

  3. 4

    What are Recurring cost and Non-recurring cost?

  4. 5

    How can GST give relief to the overall tax burden?

  5. 6

    Is there any Importance of Ethics in Engineering and Engineering Economy?

Group CLong Answer Type Question · answer any 3 · 15 marks each

  1. 7(a)

    Explain the types of property in the context of Depreciation.

    5 marks
  2. 7(b)

    'Almost all tangible property can be depreciated'. _____ Explain.

    4 marks
  3. 7(c)

    'One important exception is land, which is never depreciated.'_______ Explain.

    6 marks
  4. 8(a)

    Suppose a professional golfer wants to invest some recent golf winnings in her hometown bank for one year. Currently, the bank is paying a rate of 5.5% compounded annually. Assume inflation is expected to be 2% per year. Identify i, f and i' . Repeat for inflation of 8% per year.

    6 marks
  5. 8(b)

    What is CPI or retail inflation?

    9 marks
  6. 9(a)

    A firm expanded one of its manufacturing operations inside an existing building. New processing and packaging equipment was purchased for 800,000.Salesrevenuefortheyearwas800,000. Sales revenue for the year was 1.25 million. Operating expenses for that year, not including the capital expenditures, were $360,000. The new equipment qualifies for 100% bonus depreciation. (i) What is the first-year depreciation charge? (ii) What is the first-year taxable income? (iii) What are the federal income taxes for the year?

    8 marks
  7. 9(b)

    Illustrate the model of a Balance sheet.

    7 marks
  8. 10(a)

    What are the steps involved in the rational decision making process?

    8 marks
  9. 10(b)

    What do you know about the unusual aspects of engineering decision making?

    7 marks
  10. 11(a)

    How is CPI used to measure inflation?

    5 marks
  11. 11(b)

    Does an increase in CPI mean inflation?

    2 marks
  12. 11(c)

    What are the probability distributions for the annual benefit and life for the following project? The annual benefit’s most likely value is 8000withaprobabilityof608000 with a probability of 60%. There is a 30% probability that it will be 5000 and the highest likely value is $10,000. A life of 6 years is twice as likely as a life of 9 years.

    8 marks

About this paper

The MAKAUT Economics for Engineers (Humanities-II) (HSMC-301) 2024 Mid Sem previous year question paper, set in semester 3. Download the verified PDF or read it online, then check your answers against the worked solutions above.

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Why solve Economics for Engineers (Humanities-II) PYQs?

Frequently asked questions

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What is the subject code for Economics for Engineers (Humanities-II)?

HSMC-301 is the MAKAUT subject code for Economics for Engineers (Humanities-II).

Which exam is this Economics for Engineers (Humanities-II) question paper from?

The MAKAUT 2024 Mid Sem exam, semester 3. A student shared it, and it was checked before publishing.

Which branches is this Economics for Engineers (Humanities-II) paper for?

It's a common paper for 4 B.Tech branches: Computer Science and Engineering, Computer Science and Engineering (Data Science), Information Technology and Computer Science and Engineering (Artificial Intelligence and Machine Learning). Every branch gets the same questions.

Where can I find more HSMC-301 question papers?

On the Economics for Engineers (Humanities-II) subject page, which collects every year's papers along with notes and the syllabus.

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