Industrial Engineering | Set 1

1. For which of the following situations, linear programming can be applied?

A. Maximising material insulation

B. Procurement problems

C. Scheduling of production to meet sales forecast

D. All of the above

E. None of the above

Correct : D. All of the above

2. Which one of the following is not a job evaluation criteria?

3. The standards followed in Russia are known as

4. Which of the following statement about linear programming is incorrect?

A. It is applicable to linear models only

B. It gives dynamic solution

C. No solution is available to time spans shorter than periods in model

D. Uncertainties in the future cannot conveniently be incorporated in model.

E. None of the above

Correct : B. It gives dynamic solution

5. Like many role playing situations, business games have never been

6. In a thriving company, human resource planning

A. Generally applies to upper management

B. Is initiated whenever a problem arises

C. Is continuously at work

D. Is a static system

E. Any combination of these

Correct : C. Is continuously at work

7. Exit interviews

A. Are interviews held with employees intending to leave an organisation

B. Are interviews of the persons working in plant, conducted outside the factory premises, to know about any grivances

C. Are interviews orally conducted and never brought on rocords

D. Are interviews hel outside the factory premises

E. Are interviews held during lockout or strike period

Correct : A. Are interviews held with employees intending to leave an organisation

8. The average revenue curve of a firm is

A. the curve representing the cost per unit of output

B. the same as the demand curve of consumers for the firm's product

C. total receipts realised by the firm

D. B and C above

E. None of the above

Correct : B. the same as the demand curve of consumers for the firm's product

9. In a break even chart, abscissa represents

10. A merchant who has debts of Rs. 43,250 has gone bankrupt and can pay of only 15 paise on the rupee. How much will his creditors receive?

11. Equity means

A. Money value exclusive of claims against it

B. Money value of inclusive of claims

C. Foreign investment

D. Loan against mortgage of property

E. None of the above

Correct : A. Money value exclusive of claims against it

14. By technological innovations if the cost of raw material is reduced, this will result in

A. High break even point

B. Lower profits

C. Lower break even point

D. Reduced constant expenses

E. Increases constant expenses

Correct : C. Lower break even point

15. A competitive firm will maximise profits at the output where

A. the difference between price and marginal cost is highest

B. the difference between marginal revenue and price is highest

C. price is higher than the average total cost by the largest possible amount

D. the excess of total revenue over the total cost is greatest.

E. None of the above

Correct : D. the excess of total revenue over the total cost is greatest.

16. Of the following, which is NOT an essential assumption of the marginal utility theory of consumer demand?

A. Small income of the consumer

B. The fact that goods and services have a price

C. The fact that as more goods and services are purchased by the consumer, these goods and services yield decreasing amounts of marginal utility

D. Rationality of the consumer

E. None of the above

Correct : D. Rationality of the consumer

17. A dummy activity completes the logical concept and it has

18. Which of the following does not constitute the direct cost of a project?

A. Cost of materials

B. Wages of labour

C. Penalty imposed by Government

D. All of the above

E. None of the above

Correct : C. Penalty imposed by Government

20. Which of the following have training and development responsibilities?

21. Which one of the following statements is not true about a normal distribution?

A. The mode and the mean are equal

B. It is represented by a bell mouthed curve

C. It has a one mode

D. It has two modes

E. The mean and the median are equal

Correct : D. It has two modes

22. In tool signature the last figure represents

23. An organisation may decide to buy a component from outside when

A. existing production facilities are limited

B. there is need to maintain stability in employment

C. cost is less to buy as compared to production cost

D. All of the above

E. None of the above

Correct : D. All of the above

24. Of the following, which one is not a factor that would result in economics of scale?

A. More efficient use of the firm's plant

B. More efficient use of the firm's by products

C. More specialisation and division of labour

D. Lower borrowing cost when the firm borrows

E. None of the above

Correct : A. More efficient use of the firm's plant

25. Which of the following methods are used for system analysis

26. Which of the following properties is not subjected to depreciation?

27. Flatted roof buildings are preferred for

28. Escrow means

A. A property held by a third person forcing the creditors to fulfil the obligation of the creditor

B. A property attached by the court order

C. A property lost in transit or fire for which claim from insurance company is due

D. Goodwill earned by a company

E. None of the above

Correct : A. A property held by a third person forcing the creditors to fulfil the obligation of the creditor

29. If the average interest rate is 12% and depreciation is to be accounted for by straight line method at 10%, which of the following equipment will be most economical?

A. Initial cost Rs. 4000 Annual disbursements Rs. 6000

B. Initial cost Rs. 5500 Annual disbursements Rs. 4000

C. Initial cost Rs. 6000 Annual disbursements Rs. 3880

D. Initial cost Rs. 5000 Annual disbursements Rs. 3500

E. Initial cost Rs. 7000 Annual disbursements Rs. 2500

Correct : E. Initial cost Rs. 7000 Annual disbursements Rs. 2500

30. Which one of the following is not an incentive plan?

31. Which one of the following industries is least affected by the business cycle?

32. If a reduction in prices increases revenue, then the demand curve is said to be

33. Choose the correct statement.

A. CPM and PERT are event oriented techniques

B. CPM and PERT are activity oriented techniques

C. CPM is an activity oriented technique while PERT is an event oriented technique

D. None of the above

E. Supply and demand conditions

Correct : C. CPM is an activity oriented technique while PERT is an event oriented technique

35. The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because

A. The consumer's real income has increased

B. The consumer's real income has decreased

C. The product is now less expensive than before

D. Other products are now less expensive than before

E. None of the above

Correct : C. The product is now less expensive than before

36. In long run

A. fixed costs will be greater than variable costs

B. variable costs will be greater than fixed costs

C. all costs are variable costs

D. all costs are fixed costs

E. None of the above

Correct : C. all costs are variable costs

37. If we assume that price decreases as total expenditure increases, we may conclude that

A. elasticity of demand is greater than unity

B. elasticity of demand is less than unity

C. elasticity of demand is equal to unity

D. elasticity of demand is a function of market trends

E. None of the above

Correct : A. elasticity of demand is greater than unity

38. Which of the following represents the reduction in duration?

39. A process layout is generally suggested for

40. The remuneration factor which usually hs the greatest effect on the final pay structure is

A. Prevailing pay expensation criteria

B. Payment method

C. Union bargaining power

D. Incentives

E. None of the above

Correct : A. Prevailing pay expensation criteria

41. Systematic apratisal of each job in the organisation to determine its comparative value, is known as

42. If D = duration, EF = earliest finish time, ES = earliest start time, LF = latest finish time, LS = latest start time, which relationship does not hold?

43. Average fixed cost

A. falls as long as output rises

B. rises as long as output rises

C. is determined by adding average variable cost and average total cost

D. is cut by marginal cost at its lowest point

E. None of the above

Correct : A. falls as long as output rises

44. Injunction is

45. A product layout is generally suggested for

A. Jobbing work

B. Batch production

C. Efficien, machine utilization criteria

D. Continuous production

E. All of the above

Correct : D. Continuous production

46. Monte Carlo simulation of queues is used when

A. arrival time distributions are not standard

B. service time distributions are not standard

C. mathematical analysis cannot be adopted

D. All of the above

E. None of the above

Correct : D. All of the above

47. Multi-storey buildings are used for

48. In which operation the horse power required to remove one cubic centimetre of material (soft steel) per minute under average conditions will be maximum

49. National income differs from net national product by

50. Bankrupt is one who

A. Is visiting foreign universities now and often

B. Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts

C. Is unable to purchase things

D. Construction industry

E. Is unable to sell things

Correct : B. Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts

52. Which of these training techniques would most likely be evaluated by participant reaction?

53. During a survey conducted by India Today it was found that the salary of the engineer who graduated 5 years ago, is Rs. 20,000 per year and that the median salary is Rs. 16000 per year. The distribution curve is

A. slightly skewed to the right

B. slightly skewed to the left

C. normal

D. highly skewed to the right

E. None of the above

Correct : D. highly skewed to the right

54. In case the probability factor is zero, it can be concluded that

A. the project is bound to fail

B. the chances of completion of the project are 100%

C. the chances of completion of the project are 50%

D. the chances of completion of the project are less than 50%.

E. None of the above

Correct : C. the chances of completion of the project are 50%

55. Bar chart and PERT are techniques of

A. contract planning

B. construction management

C. monitoring and control of a project

D. None of the above

E. Supply and demand conditions

Correct : C. monitoring and control of a project

56. Which of the following is not a part of recruitment process?

57. In ABC analysis which class of items are generally large in number?

A. A

B. B

C. C

D. None of the above

Correct : C. C

58. A coloth dealer has to place an order for a new fashioned ladies sarees, but he understands that it would be outdated fairly soon. Further, he does not know the exact demand of the dress. His decision for stock will be

A. decision under certainty

B. decision under uncertainty

C. decision under risk

D. decision under conflict

E. None of the above

Correct : B. decision under uncertainty

59. Planned progression is most closely related to

60. Which one of the following factors does not provide funds for the mortgage market?

61. Which of the following is a direct tax

62. Which of the following was not included as a factor or variable which has an effect on personnel forecasting techniques?

A. Supply and demand conditions

B. Management philosophy

C. Technological changes

D. Amount of production

E. Carrier planning

Correct : B. Management philosophy

63. Which of the following chart is not used in work study

64. In tool signature the first figure represents

65. With high speed steel tools the back rake angle is usually zero while machining

66. The object of plant layout could be

A. to reduce material handling cost

B. for effective utilisation of space

C. to increase production

D. any of the above

E. None of the above

Correct : D. any of the above

67. Under Emerson's efficiency plan an incentive is paid to a worker whose output exceeds

68. In the long run equilibrium of a competitive firm, which one of the following will not hold true?

A. Price will equal marginal cost

B. Marginal cost will equal average cost

C. Price will equal average cost

D. Prices will equal average variable cost

E. None of the above

Correct : D. Prices will equal average variable cost

69. Which of the following is unaboidable delay?

A. Waiting for raw material

B. Non-availability of inspection gauge

C. Non-availability of power

D. Tool breakage

E. None of the above

Correct : C. Non-availability of power

72. In motion and time study which of the following is used in product analysis?

73. Real wages represent

A. Wages inclusive of fringe benefits

B. The net take home wages

C. The gross wages carned by an employee

D. The purchase power of money wages

E. The total wages camed including perquisites

Correct : D. The purchase power of money wages

74. A machine costing Rs. 8500 will have a scrap value of Rs. 300. Machines of this class have a working hour average life of 25000 hours. What will be the depreciation charge at the end of the first year if the machine is operated for a total duration of 1500 hours?

75. Which of the following is not an advantage resulting from a company's training its employees?

A. Increased manufacturing flexibility

B. Less employee obsolescence

C. Increased productivity

D. Supply and demand conditions

E. Improved morale

Correct : A. Increased manufacturing flexibility

76. A dummy activity

A. has no sequence and can be easily fitted anywhere

B. has only a head event but no tail event

C. has no tan event but only a head event

D. neither requires any resources nor any time

E. None of the above

Correct : D. neither requires any resources nor any time

77. An oligopoly in industry occurs where there are (is)

78. Which of the following depicts "joint demand"

A. Aeroplanes and trains

B. Magazines and newspapers

C. Ball pen and refill

D. Lipstick and nail polish

E. All of the above

Correct : C. Ball pen and refill

79. As the value of variance increases

A. uncertainty decreases

B. uncertainty increases

C. uncertainty remains unaffected

D. None of the above

Correct : B. uncertainty increases

80. In motion and time study which of the following is used in man analysis?

A. Man and machine analysis chart

B. Man and maching operation time chart

C. Man and machine, process time chart

D. Multiman operation time chart

E. All of the above

Correct : E. All of the above

81. Under Gantt incentive plan the wages are calculated on

82. A dual event

A. is always the first event

B. is always the last event

C. either of (A) and (B) above

D. is any event other than (A) and (B) above

E. None of the above

Correct : D. is any event other than (A) and (B) above

83. In the short run, in cannot produce at an economic profit

A. When he cannot produce at an economic profit

B. When price falls short of average variable cost at every level of output

C. When price falls short of average fixed cost at every level of output

D. When there is no point where marginal revenue are equal.

E. None of the above

Correct : B. When price falls short of average variable cost at every level of output

84. PERT analysis is based on

85. Which of the following is not the effective good material handling?

A. Increased labour cost

B. Reduced cost of production

C. Decrease in non-production

D. Lower handling costs

E. All of the above

Correct : A. Increased labour cost

86. The quality of a part does not depend upon

A. how cheap the part is

B. how well the part performs its function

C. how reliable the performance of the pan is

D. how far the performance can be maintained

E. None of the above

Correct : A. how cheap the part is

87. A man sells two houses for Rs. 24000 each. He maks 20% of the cost price on the first, but on the second he has a loss of 30% of the cost price. How much did he gain or loss by this transaction?

88. Group incentive is recommended for

89. Which of the following least affects break even point?

A. change in selling price

B. change in volume of production

C. change in fixed cost

D. change in product mix

E. None of the above

Correct : B. change in volume of production

90. The systematic evaluation of worker's job performance and potential for development is called

91. Which of the following is indirect cost?

92. Which of the following is generally not the duty of the material handling department?

A. Survey of handling efficiency

B. Recommending new installations

C. Follow-up on the effectiveness of new installations

D. Recommending new products

E. Designing new equipment

Correct : D. Recommending new products

93. Sinking fund

A. To build up a reserve for future improvements

B. To reduce the capitalization rate of a property

C. To compensate for a reduction in income

D. To compensate for a property's depreciation

E. To offset the damage caused by casualties

Correct : D. To compensate for a property's depreciation

94. A fundamental problem in any training method is to determine, whether the method is

95. Good leadership in a company is important

A. In the chairman and the planning board

B. Primarily in the chairman

C. When crises arise

D. In all superior subordinate relationships

E. None of the above

Correct : D. In all superior subordinate relationships

96. Which of the following tools can be turned at maximum speed?

97. In case of break even analysis, a change in product mix is likely to influence

98. Depreciation charges for a machine are thirty paise per working hour. The machine has a scrap value of Rs. 2000 and a working hour average life of 24000 hours. The purchase price of the machine would be

100. When the future is predicted by extra polation

A. the predictions are based mainly on the behaviour of the stock market

B. the principal factor considered is the current rate of employment

C. Current trends are projected into the future

D. The only factors considered are the trends in population

E. All of the above

Correct : C. Current trends are projected into the future

Quiznetik

Industrial Engineering | Set 1

1. For which of the following situations, linear programming can be applied?

2. Which one of the following is not a job evaluation criteria?

3. The standards followed in Russia are known as

4. Which of the following statement about linear programming is incorrect?

5. Like many role playing situations, business games have never been

6. In a thriving company, human resource planning

7. Exit interviews

8. The average revenue curve of a firm is

9. In a break even chart, abscissa represents

10. A merchant who has debts of Rs. 43,250 has gone bankrupt and can pay of only 15 paise on the rupee. How much will his creditors receive?

11. Equity means

12. An allowance given for prompt payment is

13. A critical path has

14. By technological innovations if the cost of raw material is reduced, this will result in

15. A competitive firm will maximise profits at the output where

16. Of the following, which is NOT an essential assumption of the marginal utility theory of consumer demand?

17. A dummy activity completes the logical concept and it has

18. Which of the following does not constitute the direct cost of a project?

19. Which of the following is a resource?

20. Which of the following have training and development responsibilities?

21. Which one of the following statements is not true about a normal distribution?

22. In tool signature the last figure represents

23. An organisation may decide to buy a component from outside when

24. Of the following, which one is not a factor that would result in economics of scale?

25. Which of the following methods are used for system analysis

26. Which of the following properties is not subjected to depreciation?

27. Flatted roof buildings are preferred for

28. Escrow means

29. If the average interest rate is 12% and depreciation is to be accounted for by straight line method at 10%, which of the following equipment will be most economical?

30. Which one of the following is not an incentive plan?

31. Which one of the following industries is least affected by the business cycle?

32. If a reduction in prices increases revenue, then the demand curve is said to be

33. Choose the correct statement.

34. ABC analysis is used in

35. The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because

36. In long run

37. If we assume that price decreases as total expenditure increases, we may conclude that

38. Which of the following represents the reduction in duration?

39. A process layout is generally suggested for

40. The remuneration factor which usually hs the greatest effect on the final pay structure is

41. Systematic apratisal of each job in the organisation to determine its comparative value, is known as

42. If D = duration, EF = earliest finish time, ES = earliest start time, LF = latest finish time, LS = latest start time, which relationship does not hold?

43. Average fixed cost

44. Injunction is

45. A product layout is generally suggested for

46. Monte Carlo simulation of queues is used when

47. Multi-storey buildings are used for

48. In which operation the horse power required to remove one cubic centimetre of material (soft steel) per minute under average conditions will be maximum

49. National income differs from net national product by

50. Bankrupt is one who

51. OR was developed

52. Which of these training techniques would most likely be evaluated by participant reaction?

53. During a survey conducted by India Today it was found that the salary of the engineer who graduated 5 years ago, is Rs. 20,000 per year and that the median salary is Rs. 16000 per year. The distribution curve is

54. In case the probability factor is zero, it can be concluded that

55. Bar chart and PERT are techniques of

56. Which of the following is not a part of recruitment process?

57. In ABC analysis which class of items are generally large in number?

58. A coloth dealer has to place an order for a new fashioned ladies sarees, but he understands that it would be outdated fairly soon. Further, he does not know the exact demand of the dress. His decision for stock will be

59. Planned progression is most closely related to

60. Which one of the following factors does not provide funds for the mortgage market?

61. Which of the following is a direct tax

62. Which of the following was not included as a factor or variable which has an effect on personnel forecasting techniques?

63. Which of the following chart is not used in work study

64. In tool signature the first figure represents

65. With high speed steel tools the back rake angle is usually zero while machining

66. The object of plant layout could be

67. Under Emerson's efficiency plan an incentive is paid to a worker whose output exceeds

68. In the long run equilibrium of a competitive firm, which one of the following will not hold true?

69. Which of the following is unaboidable delay?

70. A period of reduced economic activity is called

71. Tariff means

72. In motion and time study which of the following is used in product analysis?

73. Real wages represent

74. A machine costing Rs. 8500 will have a scrap value of Rs. 300. Machines of this class have a working hour average life of 25000 hours. What will be the depreciation charge at the end of the first year if the machine is operated for a total duration of 1500 hours?

75. Which of the following is not an advantage resulting from a company's training its employees?

76. A dummy activity

77. An oligopoly in industry occurs where there are (is)

78. Which of the following depicts "joint demand"