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170+ Estimation, Costing and Valuation Engineering Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Civil Engineering .

151.

                                 involves the preparation of tenders based on a typical or notional bill of quantities or schedule of works.

A. framework tendering
B. selective tendering
C. negotiated tendering
D. serial tendering
Answer» D. serial tendering
Explanation: the rates submitted can then be used to value works over a series of similar projects, often for a fixed period of time following which the tendering procedure may be repeated. serial tendering can reduce tender costs, and may encourage suppliers to submit low rates to secure an ongoing program of work.
152.

                               tendering is used when all the information necessary to calculate a realistic price is available when tendering commences.

A. single-stage
B. double-stage
C. framework
D. serial
Answer» A. single-stage
Explanation: single-stage tendering is the more traditional route, used when all the information necessary to calculate a realistic price is available when tendering commences:
153.

An invitation to tender might not include?

A. holiday packages
B. preliminarie
C. a letter of invitation to tender
D. design drawing
Answer» A. holiday packages
Explanation: an invitation to tender might be issued for a range of contracts, including; equipment supply, the main construction contract (perhaps including design by the contractor), demolition, enabling works and
154.

Mutual mistake occurs when both parties of a contract are mistaken as to the terms.

A. false
B. true
Answer» B. true
Explanation: each believes they are contracting to something different. courts
155.

In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.

A. false
B. true
Answer» A. false
Explanation: in lump sum contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. in this an owner agrees to pay a contractor a specified lump sum after the completion of work without a cost breakdown. after work no detailed measurements are required.
156.

A pumping set with a motor has been installed in a building at a cost of Rs.2500.00. Assuming the life of the pump as 15 years, work out the amount of annual instalment of sinking fund required to be deposited to accumulate the whole amount of 4% compound interest.

A. rs.355
B. rs.125
C. rs.185
D. rs.1950
Answer» B. rs.125
Explanation: the annual sinking fund, i = si
157.

In this method, it is assumed that the property will lose its value by a constant percentage of its value at the beginning of every year. This method is called?

A. sinking fund method
B. constant percentage method
C. straight line method
D. quantity survey method
Answer» C. straight line method
Explanation: in this method a fixed amount of the original cost is deducted every year so that at the end of the utility period only the scrap value is left.
158.

Obsolescence is the annual periodic payments for repayments of the capital amount invested by a party.

A. true
B. false
Answer» B. false
Explanation: an annuity is a series of payments made at equal intervals. examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. annuities can be classified by the frequency of payment dates. the payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular
159.

Scrap value is the net annual letting value of a property, which is obtained after deducting the amount of yearly repairs from the gross income.

A. true
B. false
Answer» B. false
Explanation: in financial accounting, scrap value is associated with the depreciation of assets used in a business. in this situation, scrap value is defined as the expected or estimated value of the asset at the end of its useful life. scrap value is also referred to as an asset’s salvage value or residual value.
160.

Approximate cost of a hostel building for 100 students @Rs.10000/- per student works out as Rs. 10 lakhs.

A. true
B. false
Answer» A. true
161.

Cube rate estimate is less accurate as compared to the plinth area estimate as the height of the building is also compared.

A. false
B. true
Answer» B. true
162.

For storeyed building plinth area estimate is not prepared for each storey separately.

A. true
B. false
Answer» B. false
163.

In this method approx. total length of walls is found in running metre and this total length multiplied by the rate per running metre of wall gives a fairly accurate cost.

A. annual repair
B. item rate estimate
C. approximate quantity method estimate
D. cubical content estimate
Answer» C. approximate quantity method estimate
164.

What will be the co-efficient of passive earth pressure, at a depth of 8m in cohesion less soil sand with an angle of internal friction of 30° when the water rises to the ground level?

A. 4
B. 5
C. 3
D. 1
Answer» C. 3
165.

Which model is used to compute the effort required to integrate reusable components or program code that is automatically generated by design or program translation tools?

A. an application-composition model
B. a post-architecture model
C. a reuse model
D. an early design model
Answer» C. a reuse model
166.

What is the full form of ITA-2000?

A. information tech act -2000
B. indian technology act -2000
C. international technology act -2000
D. information technology act -2000
Answer» D. information technology act -2000
167.

In reverse engineering process, what refers to the sophistication of the design information that can be extracted from the source code?

A. interactivity
B. completeness
C. abstraction level
D. direction level
Answer» C. abstraction level
168.

In reverse engineering, what refers to the level of detail that is provided at an abstraction level?

A. interactivity
B. completeness
C. abstraction level
D. directionality
Answer» B. completeness
169.

Reverse engineering is the process of deriving the system design and specification from its

A. gui
B. database
C. source code
D. all of the mentioned
Answer» C. source code
170.

Much of the information necessary to create a behavioral model can be obtained by observing the external manifestation of the existing

A. candidate keys
B. interface
C. database structure
D. none of the mentioned
Answer» B. interface
171.

Extracting data items and objects, to get information on data flow, and to understand the existing data structures that have been implemented is sometimes called

A. data analysis
B. directionality
C. data extraction
D. client applications
Answer» A. data analysis

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