Process Economics - Semester Exam Question

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7HE - Process Economics - October 1999

Part A (20 x 2 = 40 Marks)

  1. Give the meaning of the term Inflation
  2. What are the effects of deflation?
  3. How will you calculate capital recovery factor?
  4. Which method of depreciation is permitted by the Income Tax department?
  5. What are fixed costs?
  6. What are variable costs?
  7. What does payback method measure?
  8. What is Trial balance?
  9. What is discount factor?
  10. Define elasticity of demand
  11. What are the limitations of breakeven analysis?
  12. What are the uses of balance sheet?
  13. What is demand forecasting?
  14. Explain opportunity cost
  15. What is GDP?
  16. What is product cycle?
  17. Define fatigue
  18. Name the training methods
  19. List down the remedial measure to avoid accident
  20. Who is the father of Scientific management?

    Part B (5 x 12 = 60 Marks)

  21. A central air-conditioning unit is purchased for Rs.2,50,000 and has an expected life of 10 years. The salvage for the unit at that time is expected to be Rs.40,000. What will be the book value at the end of 7 years (use sum of years digits method of depreciation).


  22. (a) Distinguish between Inflation and deflation

    (b) Write a brief note on 'Value of money'

  23. Write a brief note on:

    (a) Balance sheet

    (b) Capital requirements for process plants


  24. Distinguish between the following:

    (a) Marginal cost and differential cost

    (b) Cost allocation and cost apportionment

    (c) Operating cost and operation cost

  25. Explain any three methods used for evaluating investment proposals.


  26. Write a brief note on Economic balance in cyclic operations and multiple equipment units
  27. (a) Discuss the factors that determine the price of elasticity of demand

    (b) Describe different phases of business cycle


  28. Explain demand forecasting. What are the various methods by which demand can be forecast?
  29. Explain the various methods of job evaluation and its merits and demerits.


  30. What are the factors related to accident proneness? Suggest remedial measures.

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Last Modified on: 04-Feb-2022

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