1. Under which incentive plan, the minimum wages are guaranteed?
Correct : D. All of the above
2. 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?
Correct : A. Rs. 1100
3. Which of the following is not a welfare measure in a factory?
Correct : E. Apprenticeship training
4. GERT is a
Correct : B. technique which deals with the probability of a realisation of the activity
5. Who is responsible for an organisation's training and development
Correct : E. All of the above
6. The use of CPM lies in
Correct : C. planning and controlling the most logical sequence of operations
7. For manufacturing firm
Correct : D. average costs will fall as output reaches a certain level - then they will begin to rise
8. Among the following which is the best example of a short term capital gain?
Correct : C. A pleasure car sold for more than what was paid for it within 4 months of the purchase
9. UNI standards are followed in
Correct : B. Italy
10. Standard followed in Germany are known as
Correct : D. DIN standards
11. Negative slack occurs when
Correct : D. deficiency of resources occurs
12. MIS stands for
Correct : D. Management information system
13. Critical path method is good for
Correct : B. large projects only
14. Group organisational climate
Correct : B. Affects the efficiency of the operation
15. Which of the following is a parallel activity?
Correct : A. Wall construction and carpentary work of doors
16. Which of the following is not an incentive plan
Correct : C. Standard plan
17. Which one of the following is generally not the result of a good layout of an industrial plant?
Correct : C. Increased wages
18. A bear marker is known as
Correct : C. A stock market when prices ae going down
19. If the life of high speed steel tools is taken as 100% the life of cemented carbide tools will be
Correct : A. 300 to 1000 percent
20. A manufacturer in Tamilnadu sells his goods in Madras. Which tax is applicable on his goods?
Correct : A. Central sales tax
21. Who among the following was least associated with fundamental work on time and motion study?
Correct : D. Prof.J.K.Gailbreth
22. If the upper and lower control limits are within the allowable width, but are widely separated from them, it can be concluded that
Correct : C. A cheaper and less precise machine might be used
23. Which of the following statement regarding PERT is incorrect?
Correct : B. It is statistical technique which makes decisions
24. Bar charts are considered to be suitable for
Correct : A. minor works
25. Choose the wrong statement in respect of value engineering.
Correct : D. Cost is calculated item wise
26. A negatively skewed curve
Correct : B. Will have longer tail on the left hand side
27. While PERT is
Correct : C. event, activity
28. Which of the following is a capital asset?
Correct : D. Shares of stock in a company
29. Jobs going behind the schedule are conveniently shown in
Correct : D. Gantt chart
30. Current assets - current liabilities
Correct : D. Working capital
31. A facility extended by an employer to his employees other than wages and salaries is
Correct : D. Perquisites
32. In time and motion study, the symbol 'O' represents
Correct : A. Operation
33. Which statement does not describe human resource objectives?
Correct : C. Set objectives work to limit growth as well as guard against failure
34. 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?
Correct : A. Rs. 150,000
35. CPM is a technique based on
Correct : B. activity
36. The advantage of product layout is
Correct : E. All of the above
37. Therblig colour for search is
Correct : C. black
38. In case the value of variance is more, then
Correct : C. uncertainty is more
39. In case of comented carbide tools the back rake angle is positive while machining
Correct : B. Aluminium
40. A family spends 25% of its income for food, 7
Correct : B. 200 weeks
41. At 'break even point'
Correct : D. None of the above
42. In which case value engineering may not be relevant?
Correct : B. Gas turbine blade ring
43. To obtain solution of material problem so that the cost of handling will be minimum is
Correct : C. Transport method
44. Loan of purchase of car is a
Correct : C. fringe benefit
45. Bin cards are used in
Correct : A. Stores
46. The basic tool in work study is
Correct : D. Stop watch
47. Shewart control charts are used in
Correct : C. Quality control
48. Total sales less cost of manufacturing gives
Correct : E. Gross profit
49. The economic life of a building is considered to be at an end under which of the following conditions?
Correct : B. When the income from the building fails to justify its existence
50. In queuing theory one faces with the situation that
Correct : B. mean service rate is greater than mean arrival rate
51. The chart used to review the overall sequence of an operation by focusing either the movement of operators or materials is called
Correct : C. Flow process chart
52. Which of the following is incorrect with reference to work study?
Correct : B. Normal time = Representative time x Rating factor
53. Negative float can occur
Correct : D. in case of super-critical activity only
54. All of the following types of companies have board of directors EXCEPT
Correct : D. Cooperative societies
55. The binding material in diamond tools is
Correct : E. None of the above
56. Apprenticeship training is applicable to
Correct : A. Industries employing more than 500 workers
57. While selecting site for a regional paint, which factory services (is) are to be looked into?
Correct : E. All of the above
58. Which of the following is the symptom of bad layout?
Correct : D. All of the above
59. A house valued at Rs. 47,500 is insured for 4/5 of its value at 1
Correct : E. 475
60. In the short run, the competitive firm can maximise its profits (or minimise its losses) by
Correct : D. equating marginal cost and marginal revenue
61. CPM is oriented to
Correct : A. activity
62. The advantage of process layout is
Correct : E. All of the above
63. 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?
Correct : E. Rs. 800
64. Of the following, which one constitutes an implicit cost to a firm?
Correct : D. Depreciation charges on company owned equipment
65. Which of the following is a disciplinary action
Correct : E. Suspension
66. Analysis of an operation, when carried out in terms of individual motions of a worker is known as
Correct : B. motion analysis
67. In time and motion study, the symbol 'X' represent
Correct : E. None of the above
68. Safety guards on machines should be
Correct : E. Always in position
69. By introducing a dummy activity in a network
Correct : A. unique numbering system for different activities is maintained
70. The mortgage market is generally highly sensitive to
Correct : D. A drop in deposits at commercial banks
71. Which one of the following is not the aim while taking insurance policy?
Correct : A. An asset that can be gifted
72. For standardisation of steel, the series used in British standards is known as