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McqMate
101. |
Under which incentive plan, the minimum wages are guaranteed? |
A. | Rowan plan |
B. | Emerson's efficiency plan |
C. | Bedaux plan |
D. | All of the above |
E. | None of the above |
Answer» D. All of the above |
102. |
A dealer sells a set of tools for Rs. 900 which is 80% more than he paid for it. At what price must he sell the same set to make 120% on the cost? |
A. | Rs. 1100 |
B. | Rs. 1300 |
C. | Rs. 1200 |
D. | Rs. 1000 |
E. | Rs. 900 |
Answer» A. Rs. 1100 |
103. |
Which of the following is not a welfare measure in a factory? |
A. | Apprenticeship |
B. | Provision of cold water in summer |
C. | Canteen |
D. | Provision of housing |
E. | Apprenticeship training |
Answer» E. Apprenticeship training |
104. |
GERT is a |
A. | computerised PERT chart |
B. | technique which deals with the probability of a realisation of the activity |
C. | technique which has become obsolete now |
D. | None of the above |
E. | None of the above |
Answer» B. technique which deals with the probability of a realisation of the activity |
105. |
Who is responsible for an organisation's training and development |
A. | Top line management |
B. | Personnel help |
C. | Fellow employees (senior) |
D. | Supervisors |
E. | All of the above |
Answer» E. All of the above |
106. |
The use of CPM lies in |
A. | taking corrective measures |
B. | scheduling and controlling the project |
C. | planning and controlling the most logical sequence of operations |
D. | None of the above |
E. | Supply and demand conditions |
Answer» C. planning and controlling the most logical sequence of operations |
107. |
For manufacturing firm |
A. | average costs will rise as output reaches a certain level - then they will begin to fall |
B. | total costs will rise as output reaches a certain level - then they will begin to fall |
C. | marginal costs will rise as output reaches certain level - then they will begin to fall |
D. | average costs will fall as output reaches a certain level - then they will begin to rise |
E. | None of the above |
Answer» D. average costs will fall as output reaches a certain level - then they will begin to rise |
108. |
Among the following which is the best example of a short term capital gain? |
A. | A motor-cycle sold at a marginal loss within a year of its purchase |
B. | A house held by a real estate dealer for sale, the value of which has increased before purchase |
C. | A pleasure car sold for more than what was paid for it within 4 months of the purchase |
D. | A gift which is resold within six months of receipt |
E. | None of the above |
Answer» C. A pleasure car sold for more than what was paid for it within 4 months of the purchase |
109. |
UNI standards are followed in |
A. | Indonesia |
B. | Italy |
C. | France |
D. | India |
E. | America |
Answer» B. Italy |
110. |
Standard followed in Germany are known as |
A. | ISI standards |
B. | GOST standards |
C. | ASTM standards |
D. | DIN standards |
E. | UNI standards |
Answer» D. DIN standards |
111. |
Negative slack occurs when |
A. | dummy activities do not exist |
B. | dummy activities are large in number |
C. | events stick to their schedule |
D. | deficiency of resources occurs |
E. | None of the above |
Answer» D. deficiency of resources occurs |
112. |
MIS stands for |
A. | Multiple individual skills |
B. | Manufacturing industrial service |
C. | Mutual inventory supplies |
D. | Management information system |
E. | Mass interviewing and selection |
Answer» D. Management information system |
113. |
Critical path method is good for |
A. | small projects only |
B. | large projects only |
C. | both small and large projects equally |
D. | None of the above |
E. | Supply and demand conditions |
Answer» B. large projects only |
114. |
Group organisational climate |
A. | Guarantees productivity |
B. | Affects the efficiency of the operation |
C. | Can be precisely measured |
D. | Is prohibitively expensive in a small company |
E. | All of the above |
Answer» B. Affects the efficiency of the operation |
115. |
Which of the following is a parallel activity? |
A. | Wall construction and carpentary work of doors |
B. | digging of foundation and construction of a well |
C. | completion of flooring and plastering of walls |
D. | completing first floor and starting second floor construction |
E. | None of the above |
Answer» A. Wall construction and carpentary work of doors |
116. |
Which of the following is not an incentive plan |
A. | Taylor, 100% incentive plan |
B. | Rowan plan |
C. | Standard plan |
D. | Gantt plan |
E. | Halsey plan |
Answer» C. Standard plan |
117. |
Which one of the following is generally not the result of a good layout of an industrial plant? |
A. | Better service to customers |
B. | Better quality of product |
C. | Increased wages |
D. | Easier maintenance |
E. | Reduced capital investment |
Answer» C. Increased wages |
118. |
A bear marker is known as |
A. | A market of high demand |
B. | A stock market when prices are going up |
C. | A stock market when prices ae going down |
D. | A soft drinks market |
E. | A market dealing in liquor |
Answer» C. A stock market when prices ae going down |
119. |
If the life of high speed steel tools is taken as 100% the life of cemented carbide tools will be |
A. | 300 to 1000 percent |
B. | 30 to 50 percent |
C. | 100 to 150 percent |
D. | 50 to 20 percent |
E. | 80 to 130 percent |
Answer» A. 300 to 1000 percent |
120. |
A manufacturer in Tamilnadu sells his goods in Madras. Which tax is applicable on his goods? |
A. | Central sales tax |
B. | State sales tax |
C. | State excise duty |
D. | Central excise duty |
E. | None of the above |
Answer» A. Central sales tax |
121. |
Who among the following was least associated with fundamental work on time and motion study? |
A. | L.M. Gilbrath |
B. | F.W.Taylor |
C. | F.B.Gilbrath |
D. | Prof.J.K.Gailbreth |
E. | None of the above |
Answer» D. Prof.J.K.Gailbreth |
122. |
If the upper and lower control limits are within the allowable width, but are widely separated from them, it can be concluded that |
A. | control is good but limits need to be re-established |
B. | the sampling plan needs revision |
C. | A cheaper and less precise machine might be used |
D. | control is excellent and no action is needed |
E. | None of the above |
Answer» C. A cheaper and less precise machine might be used |
123. |
Which of the following statement regarding PERT is incorrect? |
A. | It establishes the sequence and the relationship between significant programmes events |
B. | It is statistical technique which makes decisions |
C. | It points out slippages before the fact happens and its impact on others |
D. | It helps to formulate new schedules when the existing schedule cannot be met. |
E. | None of the above |
Answer» B. It is statistical technique which makes decisions |
124. |
Bar charts are considered to be suitable for |
A. | minor works |
B. | major works |
C. | dam construction |
D. | large projects |
E. | None of the above |
Answer» A. minor works |
125. |
Choose the wrong statement in respect of value engineering. |
A. | Value engineering is applied to products which will be produced in future. |
B. | Value analysis is applied to products already in production |
C. | Supply and demand conditions |
D. | Cost is calculated item wise |
E. | Value engineering deals with improoving quality/performance to satisfy customer. |
Answer» D. Cost is calculated item wise |
126. |
A negatively skewed curve |
A. | will have longer tail one the right hand side |
B. | Will have longer tail on the left hand side |
C. | implies that mode will be less than the mean |
D. | implies that the median will be less than the mean |
E. | None of the above |
Answer» B. Will have longer tail on the left hand side |
127. |
While PERT is |
A. | float, slack |
B. | time, resource |
C. | event, activity |
D. | activity, event |
E. | None of the above |
Answer» C. event, activity |
128. |
Which of the following is a capital asset? |
A. | A copy right |
B. | Stock in trade |
C. | Property held for sale to customers |
D. | Shares of stock in a company |
E. | None of the above |
Answer» D. Shares of stock in a company |
129. |
Jobs going behind the schedule are conveniently shown in |
A. | Milestone chart |
B. | pi chart |
C. | Bar chart |
D. | Gantt chart |
E. | None of the above |
Answer» D. Gantt chart |
130. |
Current assets - current liabilities |
A. | Turn over |
B. | Share value index |
C. | Current value of the firm |
D. | Working capital |
E. | Book value of the firm |
Answer» D. Working capital |
131. |
A facility extended by an employer to his employees other than wages and salaries is |
A. | Parity |
B. | Compensation |
C. | Claim |
D. | Perquisites |
E. | None of the above |
Answer» D. Perquisites |
132. |
In time and motion study, the symbol 'O' represents |
A. | Operation |
B. | Quantity inspection |
C. | Temporary storage |
D. | Quality inspection |
E. | Obvious delay |
Answer» A. Operation |
133. |
Which statement does not describe human resource objectives? |
A. | Human resource objectives assume that the future of the organisation is linked to the future of the work force |
B. | Objectives can be short term as well as long term |
C. | Set objectives work to limit growth as well as guard against failure |
D. | Planning objective is the first step in the human resource planning process |
E. | Objectives are geared to affect the future |
Answer» C. Set objectives work to limit growth as well as guard against failure |
134. |
A factory is insured for 80% of its value at 5/12%. The premium is Rs. 500. What is the total value of the house? |
A. | Rs. 150,000 |
B. | Rs. 180,000 |
C. | Rs. 120,000 |
D. | Rs. 240,000 |
E. | Rs. 220,000 |
Answer» A. Rs. 150,000 |
135. |
CPM is a technique based on |
A. | neither event nor activity |
B. | activity |
C. | event |
D. | Operation chart |
E. | event and activity |
Answer» B. activity |
136. |
The advantage of product layout is |
A. | Lower total materials handling cost |
B. | Lower total production time |
C. | Less work-in-process |
D. | Less floor area required per unit of production |
E. | All of the above |
Answer» E. All of the above |
137. |
Therblig colour for search is |
A. | brown |
B. | blue |
C. | black |
D. | None of the above |
E. | Supply and demand conditions |
Answer» C. black |
138. |
In case the value of variance is more, then |
A. | certainly is more |
B. | probability of certainty is more |
C. | uncertainty is more |
D. | None of the above |
E. | None of the above |
Answer» C. uncertainty is more |
139. |
In case of comented carbide tools the back rake angle is positive while machining |
A. | Mild steel |
B. | Aluminium |
C. | Hard steel |
D. | Brass |
E. | Carbon steel |
Answer» B. Aluminium |
140. |
A family spends 25% of its income for food, 7 |
A. | 250 weeks |
B. | 200 weeks |
C. | 150 weeks |
D. | 100 weeks |
E. | 300 weeks |
Answer» B. 200 weeks |
141. |
At 'break even point' |
A. | Constant expenses = Profits |
B. | Total sales = variable expenses |
C. | Variable expenses - Profits = Total sales |
D. | None of the above |
Answer» D. None of the above |
142. |
In which case value engineering may not be relevant? |
A. | Shopping plaza |
B. | Gas turbine blade ring |
C. | Electric fan |
D. | Automobile |
E. | None of the above |
Answer» B. Gas turbine blade ring |
143. |
To obtain solution of material problem so that the cost of handling will be minimum is |
A. | Simplex method |
B. | Queuing theory |
C. | Transport method |
D. | Value engineering |
E. | None of the above |
Answer» C. Transport method |
144. |
Loan of purchase of car is a |
A. | incentive scheme |
B. | bonus plan |
C. | fringe benefit |
D. | Perk |
E. | None of the above |
Answer» C. fringe benefit |
145. |
Bin cards are used in |
A. | Stores |
B. | Preventive maintenance |
C. | Machine loading |
D. | Fixing targets |
E. | Quality control |
Answer» A. Stores |
146. |
The basic tool in work study is |
A. | Planning chart |
B. | Process chart |
C. | Bar chart |
D. | Stop watch |
E. | Shop layout |
Answer» D. Stop watch |
147. |
Shewart control charts are used in |
A. | Work study |
B. | Motion study |
C. | Quality control |
D. | All of the above |
E. | None of the above |
Answer» C. Quality control |
148. |
Total sales less cost of manufacturing gives |
A. | Taxable profit |
B. | Net |
C. | Book profit |
D. | Distributable profit |
E. | Gross profit |
Answer» E. Gross profit |
149. |
The economic life of a building is considered to be at an end under which of the following conditions? |
A. | When the cost of repairs is more than the income |
B. | When the income from the building fails to justify its existence |
C. | When the capitalization rate becomes high |
D. | When the directional growth of area is turned away from it |
E. | When thebuilding facilities become obsolete |
Answer» B. When the income from the building fails to justify its existence |
150. |
In queuing theory one faces with the situation that |
A. | the queue keeps on lengthening as the time passes |
B. | mean service rate is greater than mean arrival rate |
C. | mean service rate increases as the length of the queue increases |
D. | None of the above |
E. | Supply and demand conditions |
Answer» B. mean service rate is greater than mean arrival rate |
151. |
The chart used to review the overall sequence of an operation by focusing either the movement of operators or materials is called |
A. | SIMO chart |
B. | Gaunt chart |
C. | Flow process chart |
D. | NEMA chart |
E. | Operation chart |
Answer» C. Flow process chart |
152. |
Which of the following is incorrect with reference to work study? |
A. | Normal time = Representative time + Rating factor |
B. | Normal time = Representative time x Rating factor |
C. | Standard time = Normal time |
D. | Standard time = Normal time x Allowances |
E. | None of the above |
Answer» B. Normal time = Representative time x Rating factor |
153. |
Negative float can occur |
A. | in cse of normal activity |
B. | in case of critical activityonly |
C. | in case of sub-critical activity only |
D. | in case of super-critical activity only |
E. | None of the above |
Answer» D. in case of super-critical activity only |
154. |
All of the following types of companies have board of directors EXCEPT |
A. | Public sector undertakings |
B. | Private limited companies |
C. | Public limited companies |
D. | Cooperative societies |
E. | None of the above |
Answer» D. Cooperative societies |
155. |
The binding material in diamond tools is |
A. | Cobalt |
B. | Graphite |
C. | Carbon |
D. | Cement |
E. | None of the above |
Answer» E. None of the above |
156. |
Apprenticeship training is applicable to |
A. | Industries employing more than 500 workers |
B. | All industries |
C. | Only small scale industries |
D. | Only large industries |
E. | Only medium and large industries |
Answer» A. Industries employing more than 500 workers |
157. |
While selecting site for a regional paint, which factory services (is) are to be looked into? |
A. | Adequacy of supply of power |
B. | Water supply |
C. | Sewage disposal system |
D. | Availability of manpower |
E. | All of the above |
Answer» E. All of the above |
158. |
Which of the following is the symptom of bad layout? |
A. | congestion of materials on the shop floor |
B. | excessive amount of work-in-process |
C. | poor utilization of space |
D. | All of the above |
E. | None of the above |
Answer» D. All of the above |
159. |
A house valued at Rs. 47,500 is insured for 4/5 of its value at 1 |
A. | Rs. 592.50 |
B. | Rs. 950 |
C. | Rs. 1475 |
D. | Rs. 1187.50 |
E. | 475 |
Answer» E. 475 |
160. |
In the short run, the competitive firm can maximise its profits (or minimise its losses) by |
A. | equating price and marginal revenue |
B. | equating price and average total cost |
C. | increasing marginal cost and lowering average fixed costs |
D. | equating marginal cost and marginal revenue |
E. | None of the above |
Answer» D. equating marginal cost and marginal revenue |
161. |
CPM is oriented to |
A. | activity |
B. | Supply and demand conditions |
C. | time |
D. | cost |
E. | objective |
Answer» A. activity |
162. |
The advantage of process layout is |
A. | Less duplication of equipment |
B. | Greater flexibility of production |
C. | Better control of complicated or precision processes |
D. | Easier to handle breakdown of equipment |
E. | All of the above |
Answer» E. All of the above |
163. |
A house costs Rs. 1000,000. Incidental expenses and taxes amount to Rs. 3600 a year. What rent per month must the owner receive to clear 6% of his investment? |
A. | Rs. 700 |
B. | Rs. 600 |
C. | Rs. 650 |
D. | Rs. 750 |
E. | Rs. 800 |
Answer» E. Rs. 800 |
164. |
Of the following, which one constitutes an implicit cost to a firm? |
A. | Profits realised from current production |
B. | Payments made on leased equipment |
C. | Salaries paid to its legal consultants |
D. | Depreciation charges on company owned equipment |
E. | None of the above |
Answer» D. Depreciation charges on company owned equipment |
165. |
Which of the following is a disciplinary action |
A. | Promotion |
B. | Transfer |
C. | Separation |
D. | Training |
E. | Suspension |
Answer» E. Suspension |
166. |
Analysis of an operation, when carried out in terms of individual motions of a worker is known as |
A. | work analysis |
B. | motion analysis |
C. | operation analysis |
D. | None of the above |
E. | Supply and demand conditions |
Answer» B. motion analysis |
167. |
In time and motion study, the symbol 'X' represent |
A. | Crossing |
B. | Opposite directional movements |
C. | Rejections |
D. | Completion of operation |
E. | None of the above |
Answer» E. None of the above |
168. |
Safety guards on machines should be |
A. | Put in position of desired by the operator |
B. | Used if they do not reduce the production |
C. | Never used |
D. | Used sometimes |
E. | Always in position |
Answer» E. Always in position |
169. |
By introducing a dummy activity in a network |
A. | unique numbering system for different activities is maintained |
B. | time is consumed additionally |
C. | logical sequence of activities is disturbed |
D. | Supply and demand conditions |
E. | resource is allocated additionally |
Answer» A. unique numbering system for different activities is maintained |
170. |
The mortgage market is generally highly sensitive to |
A. | A drop in deposits at saving in post offices |
B. | A drop in pension fund assets |
C. | The stock market |
D. | A drop in deposits at commercial banks |
E. | The yield on common stocks |
Answer» D. A drop in deposits at commercial banks |
171. |
Which one of the following is not the aim while taking insurance policy? |
A. | An asset that can be gifted |
B. | Protection against loss |
C. | Protection of family in case of sudden death of bread winner |
D. | Income tax reduction |
E. | Savings |
Answer» A. An asset that can be gifted |
172. |
For standardisation of steel, the series used in British standards is known as |
A. | A series |
B. | AB series |
C. | En-series |
D. | There is no such series in British standards |
E. | S series |
Answer» C. En-series |
173. |
The advantage of cost plus pricing system is |
A. | It over plays the precision of allocated costs |
B. | It ignores demand. |
C. | It does not reflect the effect of competitors |
D. | It does not take into account the birth of potential competitors |
E. | It always yields profit |
Answer» E. It always yields profit |
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