LOURDES MATHA COLLEGE OF SCIENCE AND TECHNOLOGY, KUTTICHAL

TRIVANDRUM
B.tech FIRST SERIES EXAMINATION
13.302 HUMANITIES (BEFMRSU)
PART I
Time: 2 hrs.

ECONOMICS

Max.marks:50

PART A
Answer all Questions. Each question carries 5 marks
1.
2.
3.
4.

(4 X 5=20)

Explain the difference between Micro and Macro economics

State and explain Law of Demand. What are the exceptions from law of demand?
Explain the cause and effect of Inflation
Explain the different types of Inflation.
PART B

Answer any one of the following

(1 X 10=10)

5. Explain the nature and limitations of Laws regarding Economics.

6. What is market demand? What are the determinants of market demand?
PART II
ACCOUNTANCY
Answer any two of the following
1.
2.
3.
4.

(2 X 10=20)

Write a note on types of Accounts and the rules of Double Entry

What are the concepts , Principles and Assumptions of Accounting
Define Accounting. What are the different types of Accounting?
Explain the following terms:
a. Current Asset
b. Current Liability
c. Inventory
d. Stock
e. Goodwill