PRECISION INSTRUMENTS- PAGE 1
PRECISION INSTRUMENTS MCQs
1. A managerial option, in effect,
(A) limits the flexibility of management’s decision-making.
(B) limits the downside risk of an investment project.
(C) limits the profit potential of a proposed project.
(D) applies only to new projects.
Ans: B
2. Gross Profit (GP) Margin = 20%, GP = Rs. 54,000, Sales = ________.
(A) Rs. 3,00,000 (B) Rs. 2,70,000
(C) Rs. 2,80,000 (D) Rs. 2,90,000
Ans: B
3. Who of the following is the industrial philanthropist?
(A) Frederick Taylor (B) Seebohm Rowntree
(C) Henry Ford (D) Max Webe
Ans: B
4. Which of the following industry was started first in India?
(A) Jute (B) Tea
(C) Cotton (D) Textile
Ans: B
5. Break Even Point (BEP) is least affected by
(A) Selling price (B) Fixed cost
(C) Volume of production (D) Product mix
Ans: D
6. Which of the following is not a Source of Fund?
(A) Issue of Capital (B) Issue of Debenture
(C) Decrease in working capital (D) Increase in working capital
Ans: D
7. The dividend-payout ratio is equal to
(A) the dividend yield plus the capital gains yield
(B) dividends per share divided by earnings per share
(C) dividends per share divided by par value per share
(D) dividends per share divided by current price per share
Ans: B
8. In mutually exclusive projects, project which is selected for comparison with others must have
(A) higher net present value (B) lower net present value
(C) zero net present value (D) all of above
Ans: A
9. Which of the following industries are to be given compulsory licensing?
(A) Alcohol (B) Tobacco
(C) Drugs and pharmaceuticals (D) All the above
Ans: D
10. Which of following is not a power transistor?
(A) IGBTs (B) COOLMOS
(C) TRIAC (D) SITS
Ans: C
11. Power transistor are type of
(A) BJTs (B) MOSFETs
(C) IGBTs (D) All of above
Ans: D
12. Which of the following lamp gives nearly monochromatic light?
(A) Sodium vapor lamp (B) GLS lamp
(C) Tube light (D) Mercury vapor lamp
Ans: A
13. High percentage of carbon monoxide presence in the flue gas of boiler is an indicator of
(A) high excess air (B) complete combustion
(C) good control of pollutants (D) Incomplete Combustion
Ans: D
14. Name the instrument used for the measurement of specific gravity of liquid fuels
(A) Gravimeter (B) Hydrometer
(C) Bomb calorimeter (D) None of the above
Ans: B
15. Name of the instrument used for the measurement of direct solar radiations (beam radiations)
(A) Sunshine Recorder (B) Pyrheliometer
(C) Pyranometer (D) Anemometer
Ans: B
16. For service sector, an enterprise whose investment in equipment’s is more than two Crore rupees but does not exceed five crore rupees is considered as a ________ enterprise
(A) Micro (B) Small
(C) Medium (D) Large
Ans: C
17. Scheme for providing financial assistance to khadi institutions under market development assistance is allowed ________ of khadi and polyvastra to the extent of production target approved by Standing Finance Committee of KVIC for the year.
(A) @ 20% on cost of production (B) @ 20% on cost of sales
(C) @ 30% on cost of production (D) @ 30 % on cost of sales
Ans: A
18. If RBI adopts an expansionist open market operations policy, this means it will
(A) Openly announce to the market that it intends to expand credit
(B) Sell securities in the open market
(C) Offer commercial banks more credit in the open market
(D) Buy securities from non-government holders
Ans: C
19. In equilibrium, a perfectly competitive firm will equate
(A) Marginal social cost with marginal social benefits
(B) Market supply with market demand
(C) Marginal profit with marginal cost
(D) Marginal revenue with marginal cost
Ans: D
20. What is capability ratio
(A) The ratio of process capability and number of units inspected
(B) The ratio of specification range and process capability
(C) The ratio of number of defectives and process capability
(D) The ratio of number of defectives and number of units inspected
Ans: B
21. The chart used to monitor attributes is
(A) Range chart (B) Mean chart
(C) P-Chart (D) All of the above
Ans: C
22. If all the processing equipment’s and machines are arranged according to the sequence of a product the layout is known as
(A) Product layout (B) Process layout
(C) Fixed position layout (D) Combination layout
Ans: A
23. Business ethics
(A) is based on the reality of social customs prevailing in business environment
(B) is not affected by social approval or disapproval
(C) the base of ethical behavior of business
(D) All the above
Ans: D
24. ________ is an ethical theory that places the focus of right and wrong solely on the outcomes of choosing one action over other action
(A) Utilitarianism (B) Subjectivism
(C) Relativism (D) None of the above
Ans: A
25. The time period between placing an order of stock and its receipt is known as
(A) Lead time (B) Carrying time
(C) Shortage time (D) Over time
Ans: A
26. Which of the following is NOT an assumption of the basic fixed-order quantity inventory model?
(A) Ordering or setup costs are constant
(B) Inventory holding costs are based on average inventory
(C) Diminishing returns to scale on holding inventory
(D) Lead time is constant
Ans: C
27. Due to small change in customers demands inventory oscillations become progressively larger looking through the supply chain. This is known as
(A) Bullwhip effect (B) Netchain analysis
(C) Reverse logistics (D) Reverse supply chain
Ans: A
28. Logistic network through which unwanted or excess products by resellers or consumers is classified as
(A) Inbound Distributions (B) Outbound Distribution
(C) Forward Distribution (D) Reverse Distribution
Ans: D
29. In which city Directorate General of Foreign Trade (DGFT) does NOT have a regional office
(A) Indore (B) Ludhiana
(C) Moradabad (D) Panipat
Ans: A
30. MMTC transnational Pte. Ltd, Singapore a wholly owned subsidiary of MMTC was incorporated under the laws of Singapore with a share capital of
(A) USD 1 million (B) USD 2 million
(C) USD 5 million (D) USD 10 million
Ans: A
31. For Developing Export Infrastructure and Allied Activities assistance to non-government agency is restricted to
(A) 50% of project cost or Rs 7.5 Crores whichever is less
(B) 40% of project cost or Rs. 5.5 Crores whichever is less
(C) 35% of project cost or Rs. 6.5 Crores whichever is less
(D) None of the above
Ans: A
32. Incentives received under Modified Special Incentive Package Scheme (M-SIPS) are available for investment made in a project within a period of ________ from the date of application.
(A) 5 years (B) 7 years
(C) 10 years (D) 20 years
Ans: C
33. Under scheme for Technology Upgradation/ Establishment/ Modernization for Food Processing industries set up in difficult areas the nature of assistance is in the form of grant which is subject to a maximum amount of
(A) Rs. 35 lakhs (B) Rs. 50 lakhs
(C) Rs. 75 lakhs (D) Rs. 90 lakhs
Ans: C
34. Under National Investment and Manufacturing Zones (NIMZ) the minimum land size is
(A) 2000 Hectares (B) 3000 Hectares
(C) 6000 Hectares (D) None of the above
Ans: D
35. ________ of FDI under automatic route is permitted in Brownfield Airport projects
(A) 50% (B) 75%
(C) 100% (D) None of the above
Ans: C
36. RBI has constituted an Internal Advisory Committee for resolution under which code?
(A) Bankruptcy code 2016 (B) Insolvency code 2017
(C) Bankruptcy and Insolvency code 2016 (D) Insolvency and Bankruptcy 2017
Ans: C
37. Consider the following statements and identify the right one(s)
Statement I : National Income is the monetary value of all final goods and services produced
Statement II : Depreciation is deducted from the gross value of National Income to get the net value
(A) I only (B) II only
(C) Both I and II (D) None of the above
Ans: C
38. Trade Related Investment Measures (TRIMs) doesn’t apply for
(A) Measures that affect trade in goods
(B) Measures that lead to restrictions on quantities
(C) Discouraging measures that limit a company’s imports
(D) Discouraging measures that limit a company’s exports
Ans: B
39. ______ is only a legal agreement it is not an institution, But ______ is a permanent institution.
(A) GATT, WTO (B) WTO, GATT
(C) WTO, IMF (D) IMF, GATT
Ans: A
40. OECD stands for
(A) Organization for Economic Co-operation and Development
(B) Organization for Economic Coordination and Development
(C) Organization for Environmental Co-operation and Development
(D) Organization for Environmental Control and Development
Ans: A
41. Short term regular variations related to the calendar or time of day is known as
(A) Trend (B) Seasonality
(C) Cycles (D) Random variations
Ans: B
42. Under which method of inventory costing a pre-determined cost is assigned to all items of inventory
(A) Replacement cost method (B) Standard cost method
(C) AVCO method (D) FIFO method
Ans: B
43. Who said that the ‘only social responsibility of a business is to increase profits’?
(A) Edward Freeman (B) Milton Friedman
(C) Michael Porter (D) None of the above
Ans: B
44. ________ is the theory that holds that morality is relative to the norms of one’s culture.
(A) Ethical Relativism (B) Ethical Egoism
(C) Ethical Utilitarianism (D) None of the above
Ans: A
45. CETPs in an industrial estate are set up to control:
(A) Air pollution (B) Water pollution
(C) Solid waste (D) All of these
Ans: B
46. The process of periodic checking of test & measuring instrument by comparison with another instrument of better accuracy is termed as:
(A) Calibration (B) Preventive Maintenance
(C) Repairs (D) Benchmarking
Ans: A
47. Focus of the Incubation Centre at ATIRA is on:
(A) Technical textiles (B) New fibres
(C) Polyester (D) Cotton
Ans: A
48. Air pollutants can be in the form of
(A) Gases (B) Liquid droplets
(C) Solid particles (D) All of these
Ans: D
49. Which one is NOT considered as a primary air pollutant?
(A) Ozone (B) Sulfur dioxide
(C) Nitrogen dioxide (D) Particulate matter
Ans: A
50. LPG is predominantly the mixture of Propane and ________ .
(A) Methane (B) Ethane
(C) Butane (D) Isopropane
Ans: C
(A) limits the flexibility of management’s decision-making.
(B) limits the downside risk of an investment project.
(C) limits the profit potential of a proposed project.
(D) applies only to new projects.
Ans: B
2. Gross Profit (GP) Margin = 20%, GP = Rs. 54,000, Sales = ________.
(A) Rs. 3,00,000 (B) Rs. 2,70,000
(C) Rs. 2,80,000 (D) Rs. 2,90,000
Ans: B
3. Who of the following is the industrial philanthropist?
(A) Frederick Taylor (B) Seebohm Rowntree
(C) Henry Ford (D) Max Webe
Ans: B
4. Which of the following industry was started first in India?
(A) Jute (B) Tea
(C) Cotton (D) Textile
Ans: B
5. Break Even Point (BEP) is least affected by
(A) Selling price (B) Fixed cost
(C) Volume of production (D) Product mix
Ans: D
6. Which of the following is not a Source of Fund?
(A) Issue of Capital (B) Issue of Debenture
(C) Decrease in working capital (D) Increase in working capital
Ans: D
7. The dividend-payout ratio is equal to
(A) the dividend yield plus the capital gains yield
(B) dividends per share divided by earnings per share
(C) dividends per share divided by par value per share
(D) dividends per share divided by current price per share
Ans: B
8. In mutually exclusive projects, project which is selected for comparison with others must have
(A) higher net present value (B) lower net present value
(C) zero net present value (D) all of above
Ans: A
9. Which of the following industries are to be given compulsory licensing?
(A) Alcohol (B) Tobacco
(C) Drugs and pharmaceuticals (D) All the above
Ans: D
10. Which of following is not a power transistor?
(A) IGBTs (B) COOLMOS
(C) TRIAC (D) SITS
Ans: C
11. Power transistor are type of
(A) BJTs (B) MOSFETs
(C) IGBTs (D) All of above
Ans: D
12. Which of the following lamp gives nearly monochromatic light?
(A) Sodium vapor lamp (B) GLS lamp
(C) Tube light (D) Mercury vapor lamp
Ans: A
13. High percentage of carbon monoxide presence in the flue gas of boiler is an indicator of
(A) high excess air (B) complete combustion
(C) good control of pollutants (D) Incomplete Combustion
Ans: D
14. Name the instrument used for the measurement of specific gravity of liquid fuels
(A) Gravimeter (B) Hydrometer
(C) Bomb calorimeter (D) None of the above
Ans: B
15. Name of the instrument used for the measurement of direct solar radiations (beam radiations)
(A) Sunshine Recorder (B) Pyrheliometer
(C) Pyranometer (D) Anemometer
Ans: B
16. For service sector, an enterprise whose investment in equipment’s is more than two Crore rupees but does not exceed five crore rupees is considered as a ________ enterprise
(A) Micro (B) Small
(C) Medium (D) Large
Ans: C
17. Scheme for providing financial assistance to khadi institutions under market development assistance is allowed ________ of khadi and polyvastra to the extent of production target approved by Standing Finance Committee of KVIC for the year.
(A) @ 20% on cost of production (B) @ 20% on cost of sales
(C) @ 30% on cost of production (D) @ 30 % on cost of sales
Ans: A
18. If RBI adopts an expansionist open market operations policy, this means it will
(A) Openly announce to the market that it intends to expand credit
(B) Sell securities in the open market
(C) Offer commercial banks more credit in the open market
(D) Buy securities from non-government holders
Ans: C
19. In equilibrium, a perfectly competitive firm will equate
(A) Marginal social cost with marginal social benefits
(B) Market supply with market demand
(C) Marginal profit with marginal cost
(D) Marginal revenue with marginal cost
Ans: D
20. What is capability ratio
(A) The ratio of process capability and number of units inspected
(B) The ratio of specification range and process capability
(C) The ratio of number of defectives and process capability
(D) The ratio of number of defectives and number of units inspected
Ans: B
21. The chart used to monitor attributes is
(A) Range chart (B) Mean chart
(C) P-Chart (D) All of the above
Ans: C
22. If all the processing equipment’s and machines are arranged according to the sequence of a product the layout is known as
(A) Product layout (B) Process layout
(C) Fixed position layout (D) Combination layout
Ans: A
23. Business ethics
(A) is based on the reality of social customs prevailing in business environment
(B) is not affected by social approval or disapproval
(C) the base of ethical behavior of business
(D) All the above
Ans: D
24. ________ is an ethical theory that places the focus of right and wrong solely on the outcomes of choosing one action over other action
(A) Utilitarianism (B) Subjectivism
(C) Relativism (D) None of the above
Ans: A
25. The time period between placing an order of stock and its receipt is known as
(A) Lead time (B) Carrying time
(C) Shortage time (D) Over time
Ans: A
26. Which of the following is NOT an assumption of the basic fixed-order quantity inventory model?
(A) Ordering or setup costs are constant
(B) Inventory holding costs are based on average inventory
(C) Diminishing returns to scale on holding inventory
(D) Lead time is constant
Ans: C
27. Due to small change in customers demands inventory oscillations become progressively larger looking through the supply chain. This is known as
(A) Bullwhip effect (B) Netchain analysis
(C) Reverse logistics (D) Reverse supply chain
Ans: A
28. Logistic network through which unwanted or excess products by resellers or consumers is classified as
(A) Inbound Distributions (B) Outbound Distribution
(C) Forward Distribution (D) Reverse Distribution
Ans: D
29. In which city Directorate General of Foreign Trade (DGFT) does NOT have a regional office
(A) Indore (B) Ludhiana
(C) Moradabad (D) Panipat
Ans: A
30. MMTC transnational Pte. Ltd, Singapore a wholly owned subsidiary of MMTC was incorporated under the laws of Singapore with a share capital of
(A) USD 1 million (B) USD 2 million
(C) USD 5 million (D) USD 10 million
Ans: A
31. For Developing Export Infrastructure and Allied Activities assistance to non-government agency is restricted to
(A) 50% of project cost or Rs 7.5 Crores whichever is less
(B) 40% of project cost or Rs. 5.5 Crores whichever is less
(C) 35% of project cost or Rs. 6.5 Crores whichever is less
(D) None of the above
Ans: A
32. Incentives received under Modified Special Incentive Package Scheme (M-SIPS) are available for investment made in a project within a period of ________ from the date of application.
(A) 5 years (B) 7 years
(C) 10 years (D) 20 years
Ans: C
33. Under scheme for Technology Upgradation/ Establishment/ Modernization for Food Processing industries set up in difficult areas the nature of assistance is in the form of grant which is subject to a maximum amount of
(A) Rs. 35 lakhs (B) Rs. 50 lakhs
(C) Rs. 75 lakhs (D) Rs. 90 lakhs
Ans: C
34. Under National Investment and Manufacturing Zones (NIMZ) the minimum land size is
(A) 2000 Hectares (B) 3000 Hectares
(C) 6000 Hectares (D) None of the above
Ans: D
35. ________ of FDI under automatic route is permitted in Brownfield Airport projects
(A) 50% (B) 75%
(C) 100% (D) None of the above
Ans: C
36. RBI has constituted an Internal Advisory Committee for resolution under which code?
(A) Bankruptcy code 2016 (B) Insolvency code 2017
(C) Bankruptcy and Insolvency code 2016 (D) Insolvency and Bankruptcy 2017
Ans: C
37. Consider the following statements and identify the right one(s)
Statement I : National Income is the monetary value of all final goods and services produced
Statement II : Depreciation is deducted from the gross value of National Income to get the net value
(A) I only (B) II only
(C) Both I and II (D) None of the above
Ans: C
38. Trade Related Investment Measures (TRIMs) doesn’t apply for
(A) Measures that affect trade in goods
(B) Measures that lead to restrictions on quantities
(C) Discouraging measures that limit a company’s imports
(D) Discouraging measures that limit a company’s exports
Ans: B
39. ______ is only a legal agreement it is not an institution, But ______ is a permanent institution.
(A) GATT, WTO (B) WTO, GATT
(C) WTO, IMF (D) IMF, GATT
Ans: A
40. OECD stands for
(A) Organization for Economic Co-operation and Development
(B) Organization for Economic Coordination and Development
(C) Organization for Environmental Co-operation and Development
(D) Organization for Environmental Control and Development
Ans: A
41. Short term regular variations related to the calendar or time of day is known as
(A) Trend (B) Seasonality
(C) Cycles (D) Random variations
Ans: B
42. Under which method of inventory costing a pre-determined cost is assigned to all items of inventory
(A) Replacement cost method (B) Standard cost method
(C) AVCO method (D) FIFO method
Ans: B
43. Who said that the ‘only social responsibility of a business is to increase profits’?
(A) Edward Freeman (B) Milton Friedman
(C) Michael Porter (D) None of the above
Ans: B
44. ________ is the theory that holds that morality is relative to the norms of one’s culture.
(A) Ethical Relativism (B) Ethical Egoism
(C) Ethical Utilitarianism (D) None of the above
Ans: A
45. CETPs in an industrial estate are set up to control:
(A) Air pollution (B) Water pollution
(C) Solid waste (D) All of these
Ans: B
46. The process of periodic checking of test & measuring instrument by comparison with another instrument of better accuracy is termed as:
(A) Calibration (B) Preventive Maintenance
(C) Repairs (D) Benchmarking
Ans: A
47. Focus of the Incubation Centre at ATIRA is on:
(A) Technical textiles (B) New fibres
(C) Polyester (D) Cotton
Ans: A
48. Air pollutants can be in the form of
(A) Gases (B) Liquid droplets
(C) Solid particles (D) All of these
Ans: D
49. Which one is NOT considered as a primary air pollutant?
(A) Ozone (B) Sulfur dioxide
(C) Nitrogen dioxide (D) Particulate matter
Ans: A
50. LPG is predominantly the mixture of Propane and ________ .
(A) Methane (B) Ethane
(C) Butane (D) Isopropane
Ans: C
51. The major contributor to climate change is
(A) Automobiles (B) Nuclear power palnt
(C) Coal-based thermal power plant (D) Chemical industries
Ans: C
52. National Disaster Management Authority is chaired by
(A) President (B) Prime Minister
(C) Home Minister (D) Minister for Environment
Ans: B
53. Which is NOT responsible for acid rain?
(A) Coal burning power plants (B) Cars
(C) CNG buses (D) Electric trains
Ans: D
54. Ramsar convention is on the conversation of
(A) Tigers (B) Biodiversity
(C) Wetlands (D) Forest
Ans: C
55. Basel Convention is an international treaty for the control of movement of
(A) Air pollution (B) Water pollution
(C) Hazardous waste (D) Nuclear weapons
Ans: C
56. Photochemical smog is not attributed to
(A) Nitrogen dioxide (B) Sunlight
(C) Sulfur dioxide (D) Water vapour
Ans: C
57. The United Nations Framework Convention on Climate Change (UNFCCC or FCCC) is also known as:
(A) Kyoto Protocol (B) Vienne Convention
(C) Earth summit (D) None of these
Ans: C
58. United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty drawn at
(A) United Nations Conference on the Human Environment, Stockholm, 1972
(B) UN Conference on Environment and Development, Rio de Janeiro, 1992
(C) World Summit on Sustainable Development, Johannesburg, 2002
(D) UN Climate Change Conference, Copenhagen, 2009
Ans: B
59. Acid rain is due to increase in atmospheric concentration of
(A) Ozone and dust (B) CO2 and CO (C) SO2 and CO (D) SO2 and NO2
Ans: D
60. In context of environment, the term “dirty dozen” refers to
(A) 12 most harmful greenhouse gases (B) 12 ozone depleting substances
(C) 12 persistent organic pollutants (D) 12 most dirty gases
Ans: C
61. Name of the instrument used for the measurement of global (total) solar radiations
(A) Sunshine Recorder (B) Pyrheliometer
(C) Pyranometer (D) Anemometer
Ans: C
62. Which of the following is not applicable to liquid fuels?
(A) the viscosity of a liquid fuel is a measure of its internal resistance to flow.
(B) the viscosity of all liquid fuels decreases with increase in its temperature
(C) higher the viscosity of liquid fuels, higher will be its heating value
(D) viscous fuels need heat tracing
Ans: C
63. Non-contact speed measurements can be carried out by
(A) odometer (B) tachometer
(C) stroboscope (D) oscilloscope
Ans: C
(A) Automobiles (B) Nuclear power palnt
(C) Coal-based thermal power plant (D) Chemical industries
Ans: C
52. National Disaster Management Authority is chaired by
(A) President (B) Prime Minister
(C) Home Minister (D) Minister for Environment
Ans: B
53. Which is NOT responsible for acid rain?
(A) Coal burning power plants (B) Cars
(C) CNG buses (D) Electric trains
Ans: D
54. Ramsar convention is on the conversation of
(A) Tigers (B) Biodiversity
(C) Wetlands (D) Forest
Ans: C
55. Basel Convention is an international treaty for the control of movement of
(A) Air pollution (B) Water pollution
(C) Hazardous waste (D) Nuclear weapons
Ans: C
56. Photochemical smog is not attributed to
(A) Nitrogen dioxide (B) Sunlight
(C) Sulfur dioxide (D) Water vapour
Ans: C
57. The United Nations Framework Convention on Climate Change (UNFCCC or FCCC) is also known as:
(A) Kyoto Protocol (B) Vienne Convention
(C) Earth summit (D) None of these
Ans: C
58. United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty drawn at
(A) United Nations Conference on the Human Environment, Stockholm, 1972
(B) UN Conference on Environment and Development, Rio de Janeiro, 1992
(C) World Summit on Sustainable Development, Johannesburg, 2002
(D) UN Climate Change Conference, Copenhagen, 2009
Ans: B
59. Acid rain is due to increase in atmospheric concentration of
(A) Ozone and dust (B) CO2 and CO (C) SO2 and CO (D) SO2 and NO2
Ans: D
60. In context of environment, the term “dirty dozen” refers to
(A) 12 most harmful greenhouse gases (B) 12 ozone depleting substances
(C) 12 persistent organic pollutants (D) 12 most dirty gases
Ans: C
61. Name of the instrument used for the measurement of global (total) solar radiations
(A) Sunshine Recorder (B) Pyrheliometer
(C) Pyranometer (D) Anemometer
Ans: C
62. Which of the following is not applicable to liquid fuels?
(A) the viscosity of a liquid fuel is a measure of its internal resistance to flow.
(B) the viscosity of all liquid fuels decreases with increase in its temperature
(C) higher the viscosity of liquid fuels, higher will be its heating value
(D) viscous fuels need heat tracing
Ans: C
63. Non-contact speed measurements can be carried out by
(A) odometer (B) tachometer
(C) stroboscope (D) oscilloscope
Ans: C