Question Conformance to ________ is checked against component drawings.
Correct Answer Dimensions
Your Answer Dimensions
Multiple Choice Single Answer
Question The inventories which refer to the maintenance, repair and operation supplies which are consumed during process of manufacturing but do not become part of the product is :-
Correct Answer MRO inventories
Your Answer MRO inventories
True/False
Question Import substitution in reality should be looked upon as "Import avoidance"
Correct Answer True
Your Answer True
True/False
Question Deterioration & Obsolescence cost are similar.
Correct Answer False
Your Answer True
Select The Blank
Question Customs duty is charged on the imported goods as per ________.
Correct Answer Customs tariff rules
Your Answer Customs tariff rules
Multiple Choice Multiple Answer
Question In a contract buyer has right to :-
Correct Answer Examine the goods , Reject the goods delivered in wrong quantity , Reject non conforming goods
Your Answer Examine the goods , Reject the goods delivered in wrong quantity , Sue for interest of buyer
Select The Blank
Question ________ of the department refers to the placement of the department in the structure of the company.
Correct Answer Status
Your Answer Location
True/False
Question Purchasing policies are implemented by framing procedures and rules.
Correct Answer True
Your Answer True
True/False
Question Black bituminous paint should be applied to rubber parts.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Pending purchases indent report :-
Correct Answer Highlights indents yet to be converted in to purchase-orders
Your Answer Highlights indents yet to be converted in to purchase-orders
Multiple Choice Multiple Answer
Question Correct issues must have :-
Correct Answer Written requisitions , Authorized requisitions
Your Answer Written requisitions , Authorized requisitions , Name of requisitor
Multiple Choice Multiple Answer
Question The following are the actions would help to improve effectiveness of materials planning :-
Correct Answer Accurate forecasting , Computerization , Shorter materials plan period
Your Answer Accurate forecasting , Computerization , Increase in lead time
Select The Blank
Question Systematic, formal and continuous analysis of all factors affect ________ management function is known as Materials research.
Correct Answer Materials
Your Answer Materials
True/False
Question OEM discount is given by the supplier with a view to widen customer's base.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question A buyer gives wrong idea to his supplier about his requirements or show a fictitious figure to get some price discount is called as :-
Correct Answer Misrepresentation of facts
Your Answer Misrepresentation of facts
Multiple Choice Multiple Answer
Question Purchasing and procurement cost reduction is possible through :-
Correct Answer Blanket orders , Green purchasing , System contracting
Your Answer Blanket orders , Green purchasing , System contracting
Select The Blank
Question ________ department in almost all companies is the biggest spending department and the custodian of company's purse.
Correct Answer Purchasing
Your Answer Purchasing
Select The Blank
Question ________ find their use in identification of raw materials, lubricants, pipelines etc.
Correct Answer Colour codes
Your Answer Colour codes
Select The Blank
Question ________ is a complex combination of men, machines, materials and tools.
Correct Answer Manufacturing
Your Answer Operation
Multiple Choice Single Answer
Question What is the meaning of storekeeping?
Correct Answer Physical storage of goods under custodianship in a systematic manner
Your Answer Physical storage of goods under custodianship in a systematic manner
True/False
Question Value analysis is the cost reduction technique.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Competitive price information must be treated as confidential and should not be disclosed to the bidders with an intention of allowing them to rebid is :-
Correct Answer Improprieties of bids
Your Answer Improprieties of bids
Match The Following
Question Correct Answer Your Answer
JE Journal Entries Journal Entries
PO Purchase order Purchase order
GRN Goods receipt note Goods receipt note
DN Discrepancy note. Discrepancy note.
Multiple Choice Single Answer
Question Traffic division is concerned with :-
Correct Answer Arrangement of eco. Transportation of incoming and outgoing materials
Your Answer Arrangement of eco. Transportation of incoming and outgoing materials
Multiple Choice Single Answer
Question Issue of stock is :-
Correct Answer Process of reacting by stores
Your Answer Process of reacting by stores
True/False
Question Cancellation of orders on flimsy ground is unethical.
Correct Answer True
Your Answer True
Select The Blank
Question Systematic ________of stores is the key to its efficient operation.
Correct Answer Layout
Your Answer Layout
Multiple Choice Single Answer
Question Foreign trade is controlled by Government for :-
Correct Answer Promoting export &controlling import
Your Answer Promoting export &controlling import
Multiple Choice Multiple Answer
Question In review system-optional replenishment :-
Correct Answer Reorder level is fixed , Review period is fixed
Your Answer Review period is fixed , Reorder level is fixed
Multiple Choice Multiple Answer
Question The receiving stores copy is used by it :-
Correct Answer To ensure that supplier effects supply of only items ordered on him. , To ensure that supplier does not supply more than the quantity stipulated in the purchase order. , To ensure that the supplier effect deliveries through the mode of transport asked for by the buyer.
Your Answer To ensure that supplier does not supply more than the quantity stipulated in the purchase order.
True/False
Question A company wishing to use preferred numbers must decide first the smallest size to be made, then largest size to be made and then the total no. of sizes to be made.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Finished goods means :-
Correct Answer Goods which are ready to ship
Your Answer Goods which are ready to ship
True/False
Question JIT purchasing is indirectly the activity of pushing inventory on the suppliers.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Quantity discounts are offered when :-
Correct Answer Buyer tempts to produce large quantity , Production is higher & cost is less
Your Answer Buyer tempts to produce large quantity , Production is higher & cost is less
