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Reg No:

NARASUS SARATHY INSTITUTE OF TECHNOLOGY


DEPARTMENT OF MECHANICAL ENGINEERING INTERNAL TEST-I Year/Sem: IV/VII Branch: Mechanical Engineering Subject Code/Subject Name: Business Concepts Duration: 1Hr 30Min Max. Marks: 50 Date: 30.07.2012

Part-A Answer all Questions: 1) Define Economic Activity. 2) What is the purpose of Business? 3) What is Trade? 4) Define Balance of Payments. 5) What are the objectives of Commerce? 6) What is Industry? 7) List out the need of International Trade. 8) What are all the Auxiliaries to Trade? 9) Define Opportunity Cost. Part-B Answer all Questions: 1) (a) (i) Explain the classification of business activity in detail. (ii) Write down the essential of successful Business. OR (b) (i) What are the Basic economic problems. Explain in detail (ii) Explain Trade Gap in detail. (2x16=32) (10) (6) (10) (6) (9x2=18)

2) (a) (i) What is the Role and Methods of Trade Protectionism. Explain in detail (ii) Write down the characteristics and importance of Business. OR (b) (i) Explain Balance of Payments in detail. (ii) Bring out the Importance of Business Ethics.

(8) (8)

(10) (6)

Reg No:

NARASUS SARATHY INSTITUTE OF TECHNOLOGY


DEPARTMENT OF MECHANICAL ENGINEERING INTERNAL TEST-I Year/Sem: IV/VII Branch: Mechanical Engineering Subject Code/Subject Name: Business Concepts Part-A Answer all Questions: 1) Define Profession. 2) Differentiate between Business and Employment. 3) What are the types of Industry? 4) What is Allocation of Resources? 5) What is the difference between a tariff and a quota? 6) Define Balance of Trade. 7) List out the methods of measuring Business Size. 8) What is Business Ethics? 9) What is Trade Protectionism? Part-B Answer all Questions: 1) (a) (i) What is Economic Environment? List out the characteristics and importance of Economic Environment. (ii) Explain the process of Resources Allocation in detail. OR (b) (i) How do we measure the Business Size? Explain the need for Business Growth. (ii) Explain the nature and importance of Business. (9x2=18) Duration: 1Hr 30Min Max. Marks: 50 Date: 30.07.2012

(2x16=32)

(8) (8) (8) (8)

2) (a) (i) Explain Balance of Trade in detail. How can we effectively eliminate Trade Deficit? (ii) List out the Significance of Business in Modern Society. OR (b) (i) Explain the role of ethics in business. List out the importance of Business Ethics. (ii) How to build a company Morale. Bring out the importance of discipline in an Organization.

(10) (6) (8) (8)

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