Question Performance of product requires :-
Correct Answer Functionality , Reliability
Your Answer Functionality , Reliability
True/False
Question Ex-works means sale is made on rail/truck at the station of dispatch.
Correct Answer False
Your Answer False
True/False
Question The trade discount is not allowed as a percentage of published price.
Correct Answer False
Your Answer False
True/False
Question Small parcels, Samples, gifts which are received from other countries provisions of import policy & customs not applied on them.
Correct Answer False
Your Answer False
Match The Following
Question Correct Answer Your Answer
Delivery time As specified in contract Warranties
Essential stipulations Conditions As per agreement
Collateral stipulations Warranties As specified in contract
Caveat emptor Fundamental principle of sale of goods Sale of goods act option
Multiple Choice Single Answer
Question For the inspection of special Cutting tools which department is responsible?
Correct Answer Planning department & inspection department
Your Answer Planning department & inspection department
True/False
Question Black listing may be for a limited period or for an indefinite period.
Correct Answer True
Your Answer False
Select The Blank
Question Two-bin system supersedes ________.
Correct Answer Perpetual inventory
Your Answer Perpetual inventory
Multiple Choice Multiple Answer
Question Stores functions include :-
Correct Answer Receiving and issuing of materials , Keeping the record , Taking precautions to avoid pilferage, theft
Your Answer Receiving and issuing of materials , Keeping the record , Taking precautions to avoid pilferage, theft
Multiple Choice Multiple Answer
Question Analysis of certification correctness of material is required for :-
Correct Answer Bar stock , Castings
Your Answer High risk materials , Liquids
Select The Blank
Question ________ is followed in public sector organizations to identify the lowest potential bidder.
Correct Answer Tender system
Your Answer Tender system
Select The Blank
Question Set-up cost for manufactured item in own plant is ________.
Correct Answer Very high
Your Answer Very less
Select The Blank
Question The ________ is raised by the receiving stores in receipt of materials and after physical verification of the quantity and quality.
Correct Answer Goods Receipt Report
Your Answer Goods Receipt Report
True/False
Question Metals should be stored at least 15-20 cm above the ground.
Correct Answer True
Your Answer True
True/False
Question JIT purchasing is indirectly the activity of pushing inventory on the suppliers.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Annual total cost is :-
Correct Answer Annual Material Cost + Annual Procurement Cost + Annual ICC
Your Answer Annual Material Cost + Annual Procurement Cost + Annual ICC
True/False
Question No restrictions are on rail transport.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Advantages of forward buying are :-
Correct Answer Greater margin of profit on finished goods , Saving in procurement expenses as purchases are usually consolidated. , Security against shortages
Your Answer Greater margin of profit on finished goods , Saving in procurement expenses as purchases are usually consolidated. , Security against shortages
Multiple Choice Single Answer
Question The purchase of variety of items from single source is called as :-
Correct Answer Blanket orders
Your Answer Blanket orders
True/False
Question Inventory control technique is suited for low value indirect materials which are economical to procure them in certain pre fixed quantities.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Contracts of A & B class items should have :-
Correct Answer Value engineering
Your Answer Value analysis
True/False
Question Reorder quantity in fixed order interval system equal economic order quantity.
Correct Answer False
Your Answer True
Select The Blank
Question Indian railways carry almost ________ goods & passenger traffic.
Correct Answer 0.75
Your Answer 0.75
Select The Blank
Question The purchasing of Weigh bridge is________
Correct Answer Capital purchasing
Your Answer Import purchasing
Multiple Choice Multiple Answer
Question Techniques of Simplification :-
Correct Answer Preferred numbers , Frequency analysis , Rationalized codification
Your Answer Classification , Frequency analysis , Rationalized codification
Multiple Choice Multiple Answer
Question Correct issues must have :-
Correct Answer Written requisitions , Authorized requisitions
Your Answer Written requisitions , Authorized requisitions
Multiple Choice Multiple Answer
Question Rejection percentage to be allowed to the vendor depends on the :-
Correct Answer Configuration of component , Number of operations involved , Tolerances and surface finishes
Your Answer Number of operations involved , Tolerances and surface finishes , Process
Select The Blank
Question One of the major pipe-line in India is ________.
Correct Answer Ankaleshwar - Baroda
Your Answer Barauni - Bajwa
Select The Blank
Question GRR are sent from ________.
Correct Answer Stores Dept.
Your Answer Stores Dept.
Multiple Choice Multiple Answer
Question Continuous Stock-taking is effective due to :-
Correct Answer Planned/scheduled activity , Discrepancies are noticed & corrected in short spell
Your Answer Planned/scheduled activity , Discrepancies are noticed & corrected in short spell , Eliminates material losses
Multiple Choice Single Answer
Question Limited competition is associated with higher price while wider competition enables buying at competitive rates is known as :-
Correct Answer Extent of competition
Your Answer Demand and supply condition
