Economics for Engineers (Humanities-II) 2025 — MAKAUT · HSMC-301 · Mid Sem PYQ with solutions

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Maulana Abul Kalam Azad University of Technology

Solutions

22 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. I

    If the nominal rate of interest is 10% per annum and there is quarterly compounding the effective rate of interest will be:

    Free sample

    Answer: 10.38%

    Explanation

    Effective rate = (1+rm)m−1(1 + \frac{r}{m})^m - 1 =(1+0.104)4−1=(1.025)4−1= (1 + \frac{0.10}{4})^4 - 1 = (1.025)^4 - 1 =1.1038−1=0.1038= 1.1038 - 1 = 0.1038 or 10.38%10.38\%.

  2. II

    If too much money is chasing too few goods, the resulting inflation is known as _____________.

  3. III

    Given selling price is Rs 10 per unit, variable cost is Rs 6 per unit and fixed cost is Rs 5,000. What is break-even point?

  4. IV

    High inflation levels in the economy leads to ______ in the supply of money.

  5. V

    A fixed cash flow in each year for a specified number of years is called as.......

  6. VI

    In replacement analysis ,the term defender is –

    aexisting equipmentbnew equipmentcboth of the abovednone of the above
  7. VII

    .......................... better describes variable cost ?

  8. VIII

    If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be:

  9. IX

    The concept that value of a rupee to be received in future is less than the value of a rupee on hand today is known as:

  10. X

    Determine Contribution if Sales is Rs 1,50,000 and P/V ratio is 40%.

  11. XI

    When inflation is a result of an increase in the price of factors of production, the result is _________ .

    aStagflationbCost-push inflationcDemand-pull inflationdNone of the above
  12. XII

    A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Rs 32 lac and its variable costs were Rs, 16 per unit. What was the company's average fixed cost for the year?

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

  1. 2

    An Electricity company wants to replace its machinery which was installed in the year 1982 at a cost of Rs 3000000 with a capacity of 300 MW. This consists of material , labour and overhead in the ratio of 5:3:2.The present cost index of material, labour and overheads are 250,300 and 240 respectively. The company wants to increase to double of its present capacity. You are required to determine the present cost of machinery to be replaced with double capacity by using cost indexes and power-sizing model. The power sizing factor is 0.80.

  2. 3

    State the different causes of Inflation.

  3. 4

    Distinguish between variable cost and Fixed cost .

  4. 5

    The operating results of a company for the last two years are as follows:

    YearSalesProfit
    20092700006000
    201030000015000

    Assuming that the cost structure and selling prices remains the same in both the years, find out:

    • (a)
      P/V ratio
    • (b)
      Fixed cost
    • (c)
      Break-even point
    • (d)
      Margin of safety at a profit of Rs 24000.
    Show answer to question 5
  5. 6

    The following figures for the month of march 2005 were extracted from the cost records of yuvraj and co .

    Raw materials consumed Rs 4000 Direct labour cost Rs 6000 Factory overhead Rs 500 Administration overhead 20% on work cost. Selling and distribution overhead 6 paisa per unit Units produced Rs 20000 Units sold (at a profit of 20% of selling price) Rs 18000 You are required to prepare a cost sheet showing profit for the month of March 2005.

    Show answer to question 6

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

  1. 7

    The following data are obtained from the records of a factory :

    DetailsAmt (Rs)Amt(Rs)
    Sales : 4000 units @Rs 25 each100000
    Materials consumed40000
    Variable overheads10000
    Labour charges20000
    Fixed overheads18000
    88000
    Net profit12000

    Calculate :

    • (a)
      The number of units by selling which the company will neither lose nor gain anything .
    • (b)
      The sales needed to earn a profit of 20% on sales .
    • (c)
      The extra units which should be sold to obtain the present profit if it is proposed to reduce the selling price by 20% and 25% .
    • (d)
      The selling price to be fixed to bring down its break even point to 500 units under present conditions .
    Show answer to question 7
  2. 8

    From the following information calculate IRR:

    Year cash inflows (Rs) 1 5000 2 8000 Initial Outlay : Rs 20000 3 10000 4 4000

    Present value at Re 1 receivable at the end of the year 1 ,2, 3 and 4 are as follows: Yr1 Yr2 Yr3 Yr4 12% 0.892 0.797 0.712 0.636 13% 0.885 0.783 0.693 0.613 14% 0.877 0.770 0.675 0.592 15% 0.867 0.756 0.658 0.572 16% 0.862 0.743 0.641 0.552

    Show answer to question 8
  3. 9

    What do you mean by Depreciation? Explain the difference methods of calculation of depreciation.

  4. 10

    Mr. Singh has started a transport business with Ten taxies.The various expenses incurred by him are given below:

    Cost of each taxi = Rs 75000 Salary of office staff- Rs 1500pm Salary of garage supervisor- Rs2000 pm Rent of garage Rs1000pm Drivers salary (per taxi) Rs 400 pm Road tax and repairs per taxi Rs 2160pa Insurance premium@ 4% of cost pa

    The life of a taxi is 300000 km and at the end of which it is estimated to be sold at Rs 15000.A taxi runs an average of 4000 km per month of which 20% it runs empty. Petrol consumption is 9km per litre of petrol costing Rs 6.30 per litre. Oil and other expenses are Rs 10 per 100 km. Calculate the cost of running a taxi per kilometer if the hire charges is Rs 1.80 per kilometer. Find out the profit that Mr. Singh may expect to make in the first year of operation.

    Show answer to question 10
  5. 11

    Following is the Trial Balance of Raj Traders as on 31.3.1999 :

    Debit BalancesRsCredit BalancesRs
    Debtors16,000Capital42,000
    Bills Receivable4,800Creditors12,000
    Furniture3,000Bills Payable6,400
    Machinery20,000Wages Outstanding500
    Salaries4,000Provision for Doubtful Debts1,000
    Electricity1,200Gross Profit10,000
    Rent2,000
    Advertisement Expenses1,600
    Closing Stock3,000
    Investment at 12% Interest12,000
    Bank4,300
    71,90071,900

    Prepare a Profit and Loss Account for the year ended 31.3.1999 and a Balance Sheet as on that date with the following adjustments :

    • (a)
      Rent is prepaid for Rs 200.
    • (b)
      A provision for doubtful debts and a provision for discount on debtors are to be made both at 5% on Debtors.
    • (c)
      Depreciate machineries @ 10% p.a.; and furniture @ 20% p.a.
    • (d)
      Bills receivable include a dishonoured bill of Rs 600.
    • (e)
      3/4th of the advertisement expenses is to be carried forward.
    Show answer to question 11

About this paper

The MAKAUT Economics for Engineers (Humanities-II) (HSMC-301) 2025 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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What is the subject code for Economics for Engineers (Humanities-II)?

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

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The MAKAUT 2025 Mid Sem exam, semester 3. A student shared it, and it was checked before publishing.

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