# Engineering Economics Past Papers and Guess

Prof. Fazal Rehman Shamil

## Engineering Economics Past Papers 1

Paper: Engineering Economics

Time Allowed: 3 hours

Examination:

Total Marks:    70, Passing Marks (35)

Q1: Read the following statements and choose whether True (T) or False (F).
No need of rewriting the whole statement on your answer sheet. Just write “T” or “F”.

i. The main purpose of breakeven analysis is to determine the level of output at which
a. total revenue is equal to total cost. (T / F)

ii. The downward pointing arrows on a cash flow diagram represent revenues. (T / F)

iii. Cost added by producing one additional unit of a product is called Marginal Cost. (T / F)

iv. NPV stands for Net Production Value. (T / F)

v. A situation involving exposure to danger is called Risk. (T / F)

vi. An increase in the value of an asset over a period of time is called depreciation. (T / F)

vii. A positive NPV means that the project is expected to add value to the firm and will increase the wealth of the firm. (T / F)

Q2: Describe the concept of Replacement. Further explain the reasons due to which the process of
replacement takes place. Put relevant examples.

Q3: What is meant by breakeven point? Graphically explain the concept of Break Even
Analysis by highlighting its importance in the maintenance of any firm.

Q4: Differentiate between Risk and Uncertainty. Further explain the various sources of

Q5: What is the difference between Cash Inflow and Cash Outflow? Construct a cash flow
diagram and explain its each component in detail.

Q6: What is meant by Depreciation? There are various causes due to which the process of depreciation takes place. Discuss in detail and put related examples

Q7: Attempt ANY TWO of the following;

a) Write a short note on Time Value of Money.

b) Define Engineering Economics.

c) If a person deposits \$2,042 today in a saving account that pays 10% interest annually. How much would he have at the end of 8 years?

## Engineering Economics Guess Papers 2

Paper: Engineering Economics

Time Allowed: 3 hours

Examination:

Total Marks:    70, Passing Marks (35)

Q1:   Choose the Correct One.

1. IRR stands for Internal Rate of Return.                         (TRUE / FALSE)
2. Pakistan is an industrialist country.             (TRUE / FALSE)
• NPV stands for Net Present Value.                         (TRUE / FALSE)
1. The downward pointing arrows in Cash Flow diagram represent the revenues.

(TRUE / FALSE)

1. In Engineering Economics, two things are said to be equivalent when they have the same effect.                                                                                                               (TRUE / FALSE)
2. The main purpose of break-even analysis is to determine the output level at which

total revenue is equal to total cost.                                                       (TRUE / FALSE)

• Breakeven analysis examines the relationship among the total revenue, total cost and total profits of the firm;                         (TRUE / FALSE)

Q2:      Define Engineering Economics. Write a comprehensive note on the scope of engineering economics in today’s life

Q3:      Define the term “Depreciation”.  There are various methods which are used for the process

of depreciation. Explain with examples.

Q4:      What is meant by uncertainty? Discuss various sources of uncertainty in detail.

Q5:      Graphically explain the “Break Even Analysis”. Further explain its usefulness in the

Q6:      Describe the concept of Replacement. Discuss the imperative causes due to which the

replacement of assets takes place. Put suitable examples.

Q7:      Attempt ANY TWO of the following;

1. Define Risk (Give example)
2. What is meant by Leasing? (Give example)
3. Differentiate between Present Value and Future Value.

## Engineering Economics important questions from past papers 2

Paper: Engineering Economics

Time Allowed: 3 hours

Examination:

Total Marks:    70, Passing Marks (35)

Q1:   Choose the Correct One.

1. The downward pointing arrows in cash flow diagram represent the revenues.    (TRUE / FALSE)
2. The main purpose of break-even analysis is to determine the output level at which the total revenue will

be equal to total cost.                                                                                              (TRUE / FALSE)

1. In engineering economics, two things are said to be equivalent when they have the same effect.                                                                                                                                          (TRUE / FALSE)
2. IRR stands for Internal Rate of Return.                                                                 (TRUE / FALSE)
3. NPV stands for Net Present Value.                                                                                (TRUE / FALSE)
4. Pakistan is an industrialist country.                                                                     (TRUE / FALSE)
5. A place where different economic activities are performed is called economy. (TRUE / FALSE)

Q2:      Define Engineering Economics. Write a comprehensive note on the scope of engineering economics in the world of today.

Q3:      Breakeven Analysis is very useful in the maintenance of any firm. Explain with the help of proper graph.

Q4:      Define the concept of Replacement. Discuss the important causes due to which the Replacement of assets

takes place.

Q5:    What is meant by Uncertainty? Explain the various sources of uncertainty in detail.

Q6:    Define the word Depreciation.  Also discuss the various methods which are used for the Process of

depreciation.

Q7:      Attempt ANY TWO of the following;

1. Define Risk
2. Differentiate between Selling Cost and Production Cost
3. Differentiate between Present Value and Future Value.

## Engineering Economics past papers 3

Paper: Engineering Economics

Time Allowed: 3 hours

Examination:

Total Marks:    70, Passing Marks (35)

Q1:   Choose the Correct One.

• The downward pointing arrows in cash flow diagram represent the revenues.    (TRUE / FALSE)
• The main purpose of break-even analysis is to determine the output level at which the total revenue will
• be equal to total cost.                                                                                              (TRUE / FALSE)
• In engineering economics, two things are said to be equivalent when they have the same effect.                              (TRUE / FALSE)
• IRR stands for Internal Rate of Return.                                                                 (TRUE / FALSE)
• NPV stands for Net Present Value.                                                                                (TRUE / FALSE)
• Pakistan is an industrialist country.                                                                     (TRUE / FALSE)
• A place where different economic activities are performed is called economy. (TRUE / FALSE)

Q2:      Define Engineering Economics. Write a comprehensive note on the scope of engineering economics in the world of today.

Q3:      Breakeven Analysis is very useful in the maintenance of any firm. Explain with the help of proper graph.

Q4:      Define the concept of Replacement. Discuss the important causes due to which the Replacement of assets

takes place.

Q5:    What is meant by Uncertainty? Explain the various sources of uncertainty in detail.

Q6:    Define the word Depreciation.  Also discuss the various methods which are used for the Process of

depreciation.

Q7:      Attempt ANY TWO of the following;

1. Define Risk
2. Differentiate between Selling Cost and Production Cost
3. Differentiate between Present Value and Future Value.

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