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. 120,000
B.Rs. 150,000
C.Rs. 180,000
D.Rs. 220,000
E.Rs. 240,000
Category: Industrial Engineering Mcqs
Which one of the following is not an incentive plan?
A.Straight piece work
B.Straight piece work with guaranteed base
C.Halsey 50-50 plan
D.100% bonus plan
E.Straight salary
For standardisation of steel, the series used in British standards is known as
A.A series
B.AB series
C.S series
D.En-series
E.There is no such series in British standards
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
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
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
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
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. 7000 Annual disbursements Rs. 2500
B.Initial cost Rs. 4000 Annual disbursements Rs. 6000
C.Initial cost Rs. 6000 Annual disbursements Rs. 3880
D.Initial cost Rs. 5000 Annual disbursements Rs. 3500
E.Initial cost Rs. 5500 Annual disbursements Rs. 4000
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.NEMA chart
C.Flow process chart
D.Gaunt chart
E.Operation chart
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.
