MCQOPTIONS
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MCQOPTIONS
This section includes 675 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
A minimization problem can be converted into a maximization problem by changing the sign ofcoefficients in the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Constraints |
| B. | Objective Functions |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 202. |
This innovative science of Operations Research was discovered during ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Civil War |
| B. | World War I |
| C. | World War II |
| D. | Industrial Revolution |
| Answer» D. Industrial Revolution | |
| 203. |
If demand is lesser than supply then dummy demand node is added to make it a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Simple problem |
| B. | Balanced problem |
| C. | Transportation problem |
| D. | None of the above |
| Answer» C. Transportation problem | |
| 204. |
In simplex algorithm , which method is used to deal with the situation where an infeasiblestarting basic solution is given? |
| A. | Slack variable |
| B. | Simplex method |
| C. | M‐ method |
| D. | None of the above |
| Answer» D. None of the above | |
| 205. |
Operations Research uses models built by quantitative measurement of the variables concerning a given problem and also derives a solution from the model using ‐‐‐‐‐‐‐‐‐‐‐‐‐ of the diversified solution techniques |
| A. | Two or more |
| B. | One or more |
| C. | Three or more |
| D. | Only One |
| Answer» C. Three or more | |
| 206. |
If the total supply is less than the total demand, a dummy source (row) is included in thecost matrix with ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Dummy Demand |
| B. | Dummy Supply |
| C. | Zero Cost |
| D. | Both A and B |
| Answer» D. Both A and B | |
| 207. |
Any solution to a LPP which satisfies the non‐ negativity restrictions of the LPP is called its ‐‐‐‐‐‐‐‐ |
| A. | Unbounded solution |
| B. | Optimal solution |
| C. | Feasible solution |
| D. | Both A and B |
| Answer» D. Both A and B | |
| 208. |
Who defined Operations Research as an aid for the executive in marketing his decisions byproviding him with the quantitative information based on the scientific method of analysis ? |
| A. | C. Kitte |
| B. | H.M. Wagner |
| C. | E.L. Arnoff |
| D. | None of the above |
| Answer» B. H.M. Wagner | |
| 209. |
A set of values X1, X2,…Xn which satisfies the constraints of the LPP is called ‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Solution |
| B. | Variable |
| C. | Linearity |
| D. | None of the above |
| Answer» B. Variable | |
| 210. |
Optimal solution is a feasible solution (not necessarily basic ) which minimizes the ‐‐‐‐‐‐‐‐‐‐ |
| A. | Time taken |
| B. | Partial cost |
| C. | Total cost |
| D. | None of the above |
| Answer» D. None of the above | |
| 211. |
Operations Research approach is typically based on the use of |
| A. | Physical model |
| B. | Mathematical model |
| C. | Iconic model |
| D. | Descriptive model |
| Answer» C. Iconic model | |
| 212. |
Key concept under which technique are network of events and activities , resource allocation,time and cost considerations, network paths and critical paths ? |
| A. | Game Theory |
| B. | Network Analysis |
| C. | Decision Theory |
| D. | None of the above |
| Answer» C. Decision Theory | |
| 213. |
A non – degenerate basic feasible solution is the basic feasible solution which has exactlym positive Xi (i=1,2,…,m), i.e., none of the basic variable is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Infinity |
| B. | One |
| C. | Zero |
| Answer» D. | |
| 214. |
What refers to Linear Programming that includes an evaluation of relative risks anduncertainties in various alternatives of choice for management decisions ? |
| A. | Probabilistic Programming |
| B. | Stochastic Programming |
| C. | Both A and B |
| D. | Linear Programming |
| Answer» D. Linear Programming | |
| 215. |
LP is a major innovation since ‐‐‐‐‐‐‐‐‐‐‐‐ in the field of business decision – making, particularlyunder conditions of certainty. |
| A. | Industrial Revolution |
| B. | World War I |
| C. | World War II |
| D. | French Revolution |
| Answer» D. French Revolution | |
| 216. |
Dual of the dual is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Primal |
| B. | Dual |
| C. | Alternative |
| D. | None of the above |
| Answer» B. Dual | |
| 217. |
In simplex method, if there is tie between a decision variable and a slack (or surplus) variable, ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ should be selected |
| A. | Slack variable |
| B. | Surplus variable |
| C. | Decision variable |
| D. | None of the above |
| Answer» D. None of the above | |
| 218. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models are obtained by enlarging or reducing the size of the item |
| A. | Iconic Models |
| B. | Analogue Models |
| C. | Symbolic Models |
| D. | None of the above |
| Answer» B. Analogue Models | |
| 219. |
Allocation problems can be solved by |
| A. | Linear Programming Technique |
| B. | Non – Linear Programming Technique |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 220. |
A feasible solution is called a basic feasible solution if the number of non‐negative allocationsis equal to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | m‐n+1 |
| B. | m‐n‐1 |
| C. | m+n‐1 |
| D. | None of the above |
| Answer» D. None of the above | |
| 221. |
LP can be applied in farm management problems is relates to the allocation of resources such as‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ , in such a way that is maximizes net revenue |
| A. | Acreage |
| B. | Labour |
| C. | Water supply or working capital |
| D. | All of the above |
| Answer» E. | |
| 222. |
What is concerned with the prediction of replacement costs and determination of themost economic replacement policy ? |
| A. | Search Theory |
| B. | Theory of replacement |
| C. | Probabilistic Programming |
| D. | None of the above |
| Answer» C. Probabilistic Programming | |
| 223. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are the representation of reality |
| A. | Models |
| B. | Phases |
| C. | Both A and B |
| D. | None of the above |
| Answer» B. Phases | |
| 224. |
Please state which statement is incorrect.(i) Linear programming was first formulated by an English economist L.V. Kantorovich (ii) LP is generally used in solving maximization or minimization problems subject to certain assumptions. |
| A. | (ii) only |
| B. | (i) only |
| C. | Both (i) and( ii) |
| D. | Both are correct |
| Answer» C. Both (i) and( ii) | |
| 225. |
Goodness of fit of a distribution is tested by |
| A. | t - test |
| B. | F - test |
| C. | Chi - square test |
| D. | Z - test |
| Answer» D. Z - test | |
| 226. |
ABC analysis in materials management is a method of classifying the inventories based on the |
| A. | Economic order quanitity |
| B. | Value of annual usage of the items |
| C. | Volume of material consumption |
| D. | Quantity of materials used |
| Answer» C. Volume of material consumption | |
| 227. |
In transportation problem the condition for optimality test is |
| A. | Number of allocations to be (m + n – 1) |
| B. | Allocations are to be independent |
| C. | both (1) and (2) |
| D. | None of these |
| Answer» D. None of these | |
| 228. |
Match the items of List - II with the items of List - I and select the code of correct matchingList - IList - II(a) Chi-square Test(i) Testing the significance of the differences of the mean values among more than two sample groups.(b) ANOVA (F-test)(ii) Testing the goodness of fit of a distribution(c) Z - test(iii) Testing the significance of the difference of the meanvalues between two large sized samples(d) t - test(iv) Testing the significance of the difference of the meanvalues between two small sized samples when populationstandard deviation is not available |
| A. | (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv) |
| B. | (a) - (iv), (b) - (iii), (b) - (ii), (d) - (i) |
| C. | (a) - (i), (b) - (ii), (c) - (iv), (d) - (iii) |
| D. | (a) - (ii), (b) - (i), (c) - (iii), (d) - (iv) |
| Answer» B. (a) - (iv), (b) - (iii), (b) - (ii), (d) - (i) | |
| 229. |
In a transportation problem with 4 supply points and 5 demand points, how many number of constraints are required in its formulation? |
| A. | 20 |
| B. | 1 |
| C. | 0 |
| D. | 9 |
| Answer» E. | |
| 230. |
In PERT and CPM network the dummy activity |
| A. | Consumes time |
| B. | Consume resources |
| C. | Is used to preserve the logic |
| D. | Is a real activity |
| Answer» D. Is a real activity | |
| 231. |
Consider the following statements:1. In work breakdown structure, top-down approach is adopted.2. Duration along critical path is the shortest duration permissible.3. PERT is probabilistic in its approach.Which of the above statements are correct? |
| A. | 1 and 2 only |
| B. | 1 and 3 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 232. |
For a very large population the ratio between \(SE_\bar X\) and σ is 8 : 40. The sample size n will be |
| A. | 5 |
| B. | 25 |
| C. | 32 |
| D. | 48 |
| Answer» C. 32 | |
| 233. |
Direction: It consists of two statements, one labelled as ‘Statement (I)’ and the others as ‘Statement (II)’. You are to examine these two statements carefully and select the answer using the codes given below:Statement (I): Total Productive Maintenance (TPM) is productive maintenance involving total participation as a group activity.Statement (II): Under the aegis of TPM, individual operators generally take care of minor maintenance aspects. |
| A. | Both Statement (I) and Statement (II) individually true and Statement (II) is the correct explanation of Statement (I) |
| B. | Both statement (I) and Statement (II) are individually true, but Statement (II) is not the correct explanation of Statement (I) |
| C. | Statement (I) is true, but Statement (II) is false |
| D. | Statement (I) is false, but Statement (II) is true |
| Answer» C. Statement (I) is true, but Statement (II) is false | |
| 234. |
In a project there are 9 activites; A, B, C, D which are sequential; E. F, G which are seqential; H, K which are sequential, Also E, F, G run parallel to B, C, D; and H. K run parallel to A, B. C. D. Besodes these activity dependencies, it is also needful that B be completed before taking up G; A and H be completed before taking up D and K. How many dummies are to be drawn on the activity network? |
| A. | 5 |
| B. | 4 |
| C. | 3 |
| D. | 2 |
| Answer» D. 2 | |
| 235. |
A television repairman finds that the time spent on TV sets has an exponential distribution with mean of 20 minutes. If he repairs sets in the order in which they came in, and if the arrival of sets follows a Poisson distribution approximately with an average rate of 15 per 8-hour day, what is the repairman’s expected idle time each day in hours? |
| A. | 3 |
| B. | 2 |
| C. | 5 |
| D. | 4 |
| Answer» B. 2 | |
| 236. |
In progress of a project, the percentage of error will be less in |
| A. | Definitive cost estimate |
| B. | Detailed estimate |
| C. | Preliminary estimate |
| D. | Study estimate |
| Answer» B. Detailed estimate | |
| 237. |
For which of the following situations, linear programming can be applied? |
| A. | Material selection problems |
| B. | Product design problems |
| C. | Scheduling of production to meet sales forecast |
| D. | Quenching problems |
| Answer» B. Product design problems | |
| 238. |
A minimal spanning tree in network flow models involves |
| A. | All the nodes with cycles/loop allowed |
| B. | All the nodes with cycle/loop not allowed |
| C. | Shortest path between start and end nodes |
| D. | All the nodes with directed areas |
| Answer» C. Shortest path between start and end nodes | |
| 239. |
A problem of the total float within which an activity can be delayed for start without affecting the floats of preceding activities is called |
| A. | Safety float |
| B. | Free float |
| C. | Independent float |
| D. | Interfering float |
| Answer» D. Interfering float | |
| 240. |
In a pert activity, optimistic time is 5 hr, pessimistic time is 20 hr and the most likely time is 10 hr then what is the expected time for completion of the activity (in hours)? |
| A. | 11.13 |
| B. | 10.833 |
| C. | 9 |
| D. | 10 |
| Answer» C. 9 | |
| 241. |
In a bank, deposits can be made for periods ranging from 6 months to 10 years. Every quarter, an interest will be added on to the principal. The rate of interest applied is 9% per annum for periods form 12 months to 23 months and 10% per annum for periods form 24 months to 120 months. An amount of Rs. 1,000 invested for 2 years to grow, will be nearly |
| A. | Rs. 1, 218 |
| B. | Rs. 1,334 |
| C. | Rs. 1,414 |
| D. | Rs. 1,538 |
| Answer» B. Rs. 1,334 | |
| 242. |
Dual of the dual is the |
| A. | primal |
| B. | dual |
| C. | either primal or dual |
| D. | none of these |
| Answer» B. dual | |
| 243. |
If the nominal rate of interest is 12% and is compounded quarterly, the effective rate of interest per annum will be nearly |
| A. | 10.8% |
| B. | 12.6% |
| C. | 14.4% |
| D. | 16.2% |
| Answer» C. 14.4% | |
| 244. |
In a service centre, cars arrive according to Poisson distribution with a mean of 2 cars per hour. The time for servicing a car is exponential with a mean of 15 minutes. The expected waiting time (in minute) in the queue is |
| A. | 10 |
| B. | 15 |
| C. | 25 |
| D. | 30 |
| Answer» C. 25 | |
| 245. |
Direction: It consists of two statements, one labelled as ‘Statement (I)’ and the others as ‘Statement (II)’. You are to examine these two statements carefully and select the answer using the codes given below:Statement (I): If the project influence is more in decision-making for the project, then the arrangement is considered a strong matrix.Statement (II): If functional departments are seen to be influencing the decision-making more, then arrangement is considered a weak matrix. |
| A. | Both Statement (I) and Statement (II) are individually true and Statement (II) is the correct explanation of Statement (I) |
| B. | Both Statement (I) and Statement (II) are individually true but Statement (II) is not the correct explanation of Statement (I) |
| C. | Statement (I) is true but Statement (II) is false |
| D. | Statement (I) is false but Statement (II) is true |
| Answer» C. Statement (I) is true but Statement (II) is false | |
| 246. |
During an assessment of economic viability of the project, the ratio of average annual earnings after tax to the average book investment after depreciation is called |
| A. | Benefit-Cost Ratio (BCR) |
| B. | Net Present Value (NPV) |
| C. | Pay-Back Period PBP) |
| D. | Return on Investment (ROI) |
| Answer» E. | |
| 247. |
A company manufactures products P and Q in quantities x1 and x2, respectively, using two resources. The following Linear Programming Problem (LPP) is formulated to maximize the profit Z.Maximize Z = 3x1 + 2x2subject to x1 + 2x2 ≤ 2 (for Resource 1)2x1 + x2 ≤ 2 (for Resource 2)and x1, x2 ≥ 0The shadow price for Resource 2 is |
| A. | 0 |
| B. | 2/3 |
| C. | 1 |
| D. | 4/3 |
| Answer» E. | |
| 248. |
Customers arrive at a ticket counter at a rate of 50 per hour and tickets are issued in the order of their arrival. The average time taken for issuing a ticket is 1 min. Assuming that customer arrivals form a Poisson process and service times are exponentially distributed, the average waiting time in queue in minutes is: |
| A. | 3 |
| B. | 4 |
| C. | 5 |
| D. | 6 |
| Answer» D. 6 | |
| 249. |
Monte Carlo simulation of queues is used when |
| A. | arrival time distributions are standard |
| B. | service time distributions are standard |
| C. | mathematical analysis cannot be adopted |
| D. | None of the above |
| Answer» D. None of the above | |
| 250. |
An interface between the functional application and the data is |
| A. | Management information system |
| B. | Database management system |
| C. | Decision support system |
| D. | Data processing system |
| Answer» C. Decision support system | |