Industrial Engineering Set 2 MCQs

Q1 | Which of the following properties is not subjected to depreciation?

Land

Automotive equipment

Buildings

Manufacturing machinery

None of the above

Q2 | Flatted roof buildings are preferred for

electronic industries

foundries

automobiles assembly lines

rolling mills

None of the above

Q3 | Escrow means

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

A property attached by the court order

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

Goodwill earned by a company

None of the above

Q4 | 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?

Initial cost Rs. 4000 Annual disbursements Rs. 6000

Initial cost Rs. 5500 Annual disbursements Rs. 4000

Initial cost Rs. 6000 Annual disbursements Rs. 3880

Initial cost Rs. 5000 Annual disbursements Rs. 3500

Initial cost Rs. 7000 Annual disbursements Rs. 2500

Q5 | Which one of the following is not an incentive plan?

Straight piece work with guaranteed base

Straight salary

Straight piece work

Halsey 50-50 plan

100% bonus plan

Q6 | Which one of the following industries is least affected by the business cycle?

Construction industry

Food processing

Ship building

Iron and steel

Textile

Q7 | If a reduction in prices increases revenue, then the demand curve is said to be

Either elastic or inelastic

Elastic

Inelastic

Not determinable from given data

Unitary

Q8 | Choose the correct statement.

CPM and PERT are event oriented techniques

CPM and PERT are activity oriented techniques

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

None of the above

Supply and demand conditions

Q9 | ABC analysis is used in

CPM

PERT

Inventory control

All of the above

None of the above

Q10 | The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because

The consumer's real income has increased

The consumer's real income has decreased

The product is now less expensive than before

Other products are now less expensive than before

None of the above

Q11 | In long run

fixed costs will be greater than variable costs

variable costs will be greater than fixed costs

all costs are variable costs

all costs are fixed costs

None of the above

Q12 | If we assume that price decreases as total expenditure increases, we may conclude that

elasticity of demand is greater than unity

elasticity of demand is less than unity

elasticity of demand is equal to unity

elasticity of demand is a function of market trends

None of the above

Q13 | Which of the following represents the reduction in duration?

Crushing

Negative slack

Variance

All of the above

None of the above

Q14 | A process layout is generally suggested for

Jobbing work

Batch production

Planned production

Discontinuous production

None of the above

Q15 | The remuneration factor which usually hs the greatest effect on the final pay structure is

Prevailing pay expensation criteria

Payment method

Union bargaining power

Incentives

None of the above

Q16 | Systematic apratisal of each job in the organisation to determine its comparative value, is known as

Job evaluation

Job specification

Incentive plan

Standardisation

Regularisation

Q17 | If D = duration, EF = earliest finish time, ES = earliest start time, LF = latest finish time, LS = latest start time, which relationship does not hold?

EF = D - ES

EF = D + ES

LF = LS + D

None of the above

Supply and demand conditions

Q18 | Average fixed cost

falls as long as output rises

rises as long as output rises

is determined by adding average variable cost and average total cost

is cut by marginal cost at its lowest point

None of the above

Q19 | Injunction is

Permanent closure of a establishment

Lock out of an establishment

A court decision

A memorandum

An award

Q20 | A product layout is generally suggested for

Jobbing work

Batch production

Efficien, machine utilization criteria

Continuous production

All of the above

Q21 | Monte Carlo simulation of queues is used when

arrival time distributions are not standard

service time distributions are not standard

mathematical analysis cannot be adopted

All of the above

None of the above

Q22 | Multi-storey buildings are used for

chemical plants

total mills

engineering industries

All of the above

None of the above

Q23 | In which operation the horse power required to remove one cubic centimetre of material (soft steel) per minute under average conditions will be maximum

Drilling

Turning

Grinding

Shaping

Milling

Q24 | National income differs from net national product by

Depreciation amount

Indirect business terms

Savings

Investments

All of the above

Q25 | Bankrupt is one who

Is visiting foreign universities now and often

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

Is unable to purchase things

Construction industry

Is unable to sell things