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# BPSC AE Engineering Economy & Management QUIZ 1

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Question 1

A construction equipment has an initial cost of Rs. 2,00,000 and salvage value of Rs. 50,000 at the end of an economic lift of 5 years. The rate of straight-line depreciation and total depreciation will be

Question 2

Line of Balance technique is

Question 3

A person plans to buy a car after 5 years for Rs. 800000. How much money he needs to put in bank today at rate of 8.5% to have 8 lakhs after 5 years.

Question 4

A manufacturing company sets up a machinery worth Rs 15 lakhs. After 5 years of operation, it will be considered junk with scrap value of 5 lakh. Calculate first component of depreciation which is to be deposited at the end of 1st year by-

-Sinking fund method. {Time value of money is 10% Take (1.1)5 = 1.6}

Question 5

The average investment value of an equipment over its 5–year life is Rs. 53,000 whereas the annual depreciation is Rs. 11,000.  Rate of interest is 15% p.a and taxes are at 5% of investment value. The equipment is used for 1800 hours during each year. The hourly ownership cost for the equipment will be

Question 6

On a particular construction project, the contractor on an average employed 100 workers with 48 hours per week. The project lasted for 25 weeks and during this period, 8 disabling injuries occurred. The injury frequency rate is

Question 7

Cost of a machine is Rs. 16,000. By constant rate of declining balance method of depreciation, its salvage value after 3 years of life is Rs. 2000. The rate of depreciation is

Question 8

The purpose of work-break-down structure in project planning is mainly to
1) Facilitate and improve the decision-making on procurement of resources
2) Relate activities under particular trade specializations to help in organizing for project staff
3) Co-ordinate regarding milestone events across trade specializations to improve the synergy between the trades

Question 9

The project plan for construction

1) Clearly defines project’s scope of work. It breaks down project objective into clear, identifiable, attainable and verifiable goals

2) Identifies critical activities, thus enabling management of projects by exceptions

3) provides the basis for co-ordinating the efforts of clients, consultants, architects, designers, quality surveyors, specialists, suppliers, contractors and project staff.

Question 10

Choose the incorrect statement/statements regarding resource allocation?
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