1. For which of the following situations, linear programming can be applied? Maximising material insulation Scheduling of production to meet sales forecast Procurement problems All of the options 2. All of the following types of companies have board of directors EXCEPT Cooperative societies Private limited companies Public limited companies Public sector undertakings 3. Which one of the following is not a job evaluation criteria? Point rating Needs of the worker Ranking Classification 4. Who is responsible for an organisation's training and development Fellow employees (senior) Personnel help Top line management All of the options 5. The binding material in diamond tools is Cobalt Carbon Graphite None of the options 6. Under which incentive plan, the minimum wages are guaranteed? Bedaux plan Emerson's efficiency plan Rowan plan All of the options 7. Which of the following is a parallel activity? completion of flooring and plastering of walls Wall construction and carpentary work of doors digging of foundation and construction of a well completing first floor and starting second floor construction 8. The standards followed in Russia are known as AFNOR standards GOST standards JIS standards TASS standards 9. Which of the following is not an incentive plan Gantt plan Rowan plan Taylor, 100% incentive plan Standard plan 10. The use of CPM lies in taking corrective measures scheduling and controlling the project planning and controlling the most logical sequence of operations None of the options 11. Apprenticeship training is applicable to Industries employing more than 500 workers Only small scale industries All industries Only large industries 12. A bear marker is known as A market of high demand A stock market when prices are going up A soft drinks market A stock market when prices ae going down 13. The mortgage market is generally highly sensitive to A drop in deposits at saving in post offices The stock market A drop in pension fund assets A drop in deposits at commercial banks 14. Which one of the following is generally not the result of a good layout of an industrial plant? Better quality of product Easier maintenance Increased wages Better service to customers 15. Negative float can occur in case of critical activityonly in cse of normal activity in case of sub-critical activity only in case of super-critical activity only 16. If the life of high speed steel tools is taken as 100% the life of cemented carbide tools will be 300 to 1000 percent 30 to 50 percent 50 to 20 percent 100 to 150 percent 17. 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? Rs. 1000 Rs. 1300 Rs. 1200 Rs. 1100 18. If the upper and lower control limits are within the allowable width, but are widely separated from them, it can be concluded that control is good but limits need to be re-established A cheaper and less precise machine might be used control is excellent and no action is needed the sampling plan needs revision 19. Which of the following is not a welfare measure in a factory? Canteen Apprenticeship training Provision of cold water in summer Apprenticeship 20. Which one of the following is not the aim while taking insurance policy? Protection of family in case of sudden death of bread winner An asset that can be gifted Income tax reduction Protection against loss 21. GERT is a computerised PERT chart technique which deals with the probability of a realisation of the activity technique which has become obsolete now None of the options 22. For standardisation of steel, the series used in British standards is known as En-series There is no such series in British standards A series AB series 23. The advantage of cost plus pricing system is It over plays the precision of allocated costs It ignores demand. It does not reflect the effect of competitors It always yields profit 24. A manufacturer in Tamilnadu sells his goods in Madras. Which tax is applicable on his goods? Central excise duty State sales tax Central sales tax State excise duty 25. In the short run, the competitive firm can maximise its profits (or minimise its losses) by equating marginal cost and marginal revenue increasing marginal cost and lowering average fixed costs equating price and marginal revenue equating price and average total cost 26. CPM is oriented to cost time Supply and demand conditions activity 27. 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 Shaping Grinding Turning 28. 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? Rs. 650 Rs. 700 Rs. 600 Rs. 800 29. Who among the following was least associated with fundamental work on time and motion study? F.B.Gilbrath F.W.Taylor Prof.J.K.Gailbreth L.M. Gilbrath 30. While selecting site for a regional paint, which factory services (is) are to be looked into? Sewage disposal system Water supply Adequacy of supply of power All of the options 31. Of the following, which one constitutes an implicit cost to a firm? Salaries paid to its legal consultants Payments made on leased equipment Depreciation charges on company owned equipment Profits realised from current production 32. Which of the following statement about linear programming is incorrect? It is applicable to linear models only No solution is available to time spans shorter than periods in model Uncertainties in the future cannot conveniently be incorporated in model. It gives dynamic solution 33. National income differs from net national product by Depreciation amount Indirect business terms Savings Investments 34. The advantage of process layout is Greater flexibility of production Better control of complicated or precision processes Less duplication of equipment All of the options 35. Like many role playing situations, business games have never been Successful Worthwhile Inexpensive Validated 36. The chart used to review the overall sequence of an operation by focusing either the movement of operators or materials is called NEMA chart Gaunt chart SIMO chart Flow process chart 37. Exit interviews Are interviews hel outside the factory premises Are interviews held with employees intending to leave an organisation Are interviews orally conducted and never brought on rocords Are interviews of the persons working in plant, conducted outside the factory premises, to know about any grivances 38. Monte Carlo simulation of queues is used when arrival time distributions are not standard mathematical analysis cannot be adopted service time distributions are not standard All of the options 39. The remuneration factor which usually hs the greatest effect on the final pay structure is Union bargaining power Payment method Prevailing pay expensation criteria Incentives 40. In a thriving company, human resource planning Is initiated whenever a problem arises Is a static system Generally applies to upper management Is continuously at work 41. Systematic apratisal of each job in the organisation to determine its comparative value, is known as Job specification Standardisation Incentive plan Job evaluation 42. In a break even chart, abscissa represents Amount in rupee Profits Constant expenses Total expenses 43. Multi-storey buildings are used for total mills chemical plants engineering industries All of the options 44. Bankrupt is one who Is visiting foreign universities now and often Construction industry Is unable to purchase things Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts 45. The average revenue curve of a firm is the curve representing the cost per unit of output the same as the demand curve of consumers for the firm's product total receipts realised by the firm both the same as the demand curve of consumers for the firm's product and total receipts realised by the firm 46. 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? Rs. 10812.50 Rs. 6487.50 Rs. 36762.50 Rs. 8650.00 47. Average fixed cost rises as long as output rises is determined by adding average variable cost and average total cost falls as long as output rises is cut by marginal cost at its lowest point 48. Injunction is A memorandum Lock out of an establishment A court decision Permanent closure of a establishment 49. A product layout is generally suggested for Batch production Efficien, machine utilization criteria Continuous production Jobbing work 50. Choose the wrong statement in respect of value engineering. Value engineering is applied to products which will be produced in future. 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