Materials Management - 4 Select The Blank Question Inspection methods analyze ________. Correct Answer Degree o inspection !

our Answer Quality o material "ultiple Choice Single Answer Question In #i$ed%&rder 'uantity system( cycle time o consumption should )e *% Correct Answer "ore than lead time !our Answer +ess than lead%time Select The Blank Question In the ________ ( the composition o code is in three groups o digits that are separated )y hyphens( the hyphens ser,es to )reak the code into easy to handle group o digits. Correct Answer -odak system !our Answer -odak system "ultiple Choice Single Answer Question A )uyer gi,es wrong idea to his supplier a)out his re'uirements or show a ictitious igure to get some price discount is called as *% Correct Answer "isrepresentation o acts !our Answer "isrepresentation o acts "ultiple Choice Single Answer Question .IT is an *% Correct Answer In,entory reduction techni'ue !our Answer .ust%in%time "ultiple Choice Single Answer Question Issues to top up supply to pre% i$ed le,els o items are *% Correct Answer Imprest issues !our Answer Imprest issues True/#alse Question Two )in system is )etter as compared to perpetual in,entory system. Correct Answer

#alse !our Answer True "ultiple Choice "ultiple Answer Question Annual total cost changes *% Correct Answer I stock turno,er rate changes ( I 'uantity changes !our Answer I stock turno,er rate changes ( I procurement cost changes ( I set%up cost changes True/#alse Question #unctionally critical parts re'uire to )e co,ered under cent per cent inspection Correct Answer True !our Answer #alse Select The Blank Question 011 are sent rom ________. Correct Answer Stores Dept. !our Answer Stores Dept. "ultiple Choice Single Answer Question Competiti,e price in ormation must )e treated as con idential and should not )e disclosed to the )idders with an intention o allowing them to re)id is *% Correct Answer Improprieties o )ids !our Answer 2rice disclosure Select The Blank Question 0ood ________ relations are necessary or e ecti,e materials planning as e,ery department is in,ol,ed in materials planning )ecause each department re'uires one item or other another. Correct Answer Departmental !our Answer Departmental "ultiple Choice "ultiple Answer Question The ollowing are the actions would help to impro,e e ecti,eness o materials planning *% Correct Answer Accurate orecasting ( Computerization ( Shorter materials plan period !our Answer Accurate orecasting ( Computerization ( Shorter materials plan period

"atch The #ollowing Question Correct Answer !our Answer .3 .ournal 3ntries .ournal 3ntries 2& 2urchase order 2urchase order 014 0oods receipt note 0oods receipt note D4 Discrepancy note. Discrepancy note. True/#alse Question Cancellation o orders on limsy ground is unethical. Correct Answer True !our Answer True Select The Blank Question Standardized containers eliminates ________ Correct Answer Transit damage !our Answer Transit damage "ultiple Choice Single Answer Question 2urchase order o ers acceptance and ha,e )een clearly laid down in *% Correct Answer Indian Contract act 5678 !our Answer Indian Contract act 5678 "ultiple Choice Single Answer Question #or the inspection o Stationery which department is responsi)le9 Correct Answer Stores !our Answer Stores "atch The #ollowing Question Correct Answer !our Answer #AS :;%8< Sale at the port o destination Sale at port o e$port #&B :5%5<

Sale is made on #&B ,essel Sale is made on #&B ,essel CI# :8%;< Sale is made at port o destination Sale at the port o destination C#1 :=%=< Sale at port o e$port Sale is made at port o destination "ultiple Choice Single Answer Question 1eprocessing o Scrap is *% Correct Answer 1eclaiming or re%use !our Answer 1eclaiming or re%use "ultiple Choice Single Answer Question +imit gauges are used to ,eri y *% Correct Answer >hether the product is within the speci ication !our Answer >hether the product is within the speci ication "ultiple Choice Single Answer Question >hich o the ollowing is not the internal actor in luencing materials planning9 Correct Answer International market !our Answer International market "ultiple Choice Single Answer Question The system should )e designed in such a way that it ser,es the ad,antages that are e$pected to accrue rom it( is called as *% Correct Answer &)?ecti,e oriented !our Answer &)?ecti,e oriented "ultiple Choice Single Answer Question 1eal creati,e ideas results *% Correct Answer >hen mem)ers ,entures into impossi)le areas !our Answer >hen opportunity is gi,en to sta "ultiple Choice "ultiple Answer Question Segregation o scrap means *% Correct Answer Sorting )y type( size( grade etc. ( Sorting )y grade( weight !our Answer Sorting )y type( size( grade etc. ( Sorting )y grade( weight

Select The Blank Question ________clause should )e inserted in the purchase order o items critical to pro?ect to induce supplier or early completion o the orders. Correct Answer Bonus !our Answer 2enalty or delay True/#alse Question Single tender system is used when there is only one supplier o the item. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #ollowing are )ene its o scienti ic stoke management *% Correct Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material !our Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material True/#alse Question Stores is the BSa e CustodyB or keeping materials Correct Answer True !our Answer True True/#alse Question @alue analysis is the cost reduction techni'ue. Correct Answer True !our Answer True True/#alse Question Codi ication a,oids con usion and dou)t caused )y long description o items. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Complaints concerning should )e made in such a way that negati,e reactions are a,oided such as *% Correct Answer

Deli,ery ailures ( 1e?ection ( Shortages !our Answer Deli,ery ailures ( 1e?ection ( Shortages True/#alse Question A irm engaged in custom%)uilt%product( is usually plagued with o)solete material. Correct Answer True !our Answer True Select The Blank Question ________ re ers to the procurement o the re'uirements o all departments o the irm )y a central purchase organization. Correct Answer Centralisation !our Answer Centralisation "ultiple Choice "ultiple Answer Question Con,entional machine set%up time includes *% Correct Answer Tool replenishment ( #irst piece inspection !our Answer Tool replenishment ( #irst piece inspection ( Set%up "ultiple Choice "ultiple Answer Question Stock%out is due to *% Correct Answer Cnusual high demands ( Delay in deli,eries !our Answer Cnusual high demands ( Delay in deli,eries ( "achine )reak%down True/#alse Question 4egotiation should end up with an unhappy supplier. Correct Answer #alse !our Answer #alse Select The Blank Question Systematic( ormal and continuous analysis o all actors a ect ________ management unction is known as "aterials research. Correct Answer "aterials !our Answer "aterials True/#alse Question Since stock%taking is a check on storekeeper( it should not )e conducted )y him.

Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question Salient eatures o the working o the price panel are as under *% Correct Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. !our Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. "ultiple Choice "ultiple Answer Question Application or an import license must )e signed rom *% Correct Answer 2roprietor ( 2artner o irm ( 2erson duly authorized )y )oard o directors o company !our Answer 2roprietor ( 2artner o irm ( 2erson duly authorized )y )oard o directors o company True/#alse Question "anual inspection is economical when ,olume o output is small. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #or large organizations where product is made up o assem)lies o manu actured components raw material store is su)di,ided into *% Correct Answer #oundry store ( Tool cri) ( "aintenance store !our Answer #oundry store ( Tool cri) ( 0oods inward store True/#alse Question 2ost parcel consignments are cleared through customs A clearance is done through oreign post o ice. Correct Answer True !our Answer True "ultiple Choice Single Answer Question

>hat is the meaning o discharge o contract )y no,ation9 Correct Answer I the parties agree to su)stitute a new contract in place o e$isting one or alter it( original contract is discharged !our Answer I the parties agree to su)stitute a new contract in place o e$isting one or alter it( original contract is discharged Select The Blank Question Quantity deli,ered o goods must )e according to the ________. Correct Answer Terms o contract !our Answer Terms o contract "ultiple Choice Single Answer Question >hich o the ollowing is not the e$ternal actor in luencing materials planning9 Correct Answer Corporate o)?ecti,e !our Answer Corporate o)?ecti,e at 5*;= A" D comments +inks to this post +a)els* "aterials "anagement Materials Management - 3 Select The Blank Question Inspection methods analyze ________. Correct Answer Degree o inspection !our Answer Quality o material "ultiple Choice Single Answer Question In #i$ed%&rder 'uantity system( cycle time o consumption should )e *% Correct Answer "ore than lead time !our Answer +ess than lead%time Select The Blank Question In the ________ ( the composition o code is in three groups o digits that are separated )y hyphens( the hyphens ser,es to )reak the code into easy to handle group o digits. Correct Answer -odak system !our Answer -odak system

"ultiple Choice Single Answer Question A )uyer gi,es wrong idea to his supplier a)out his re'uirements or show a ictitious igure to get some price discount is called as *% Correct Answer "isrepresentation o acts !our Answer "isrepresentation o acts "ultiple Choice Single Answer Question .IT is an *% Correct Answer In,entory reduction techni'ue !our Answer .ust%in%time "ultiple Choice Single Answer Question Issues to top up supply to pre% i$ed le,els o items are *% Correct Answer Imprest issues !our Answer Imprest issues True/#alse Question Two )in system is )etter as compared to perpetual in,entory system. Correct Answer #alse !our Answer True "ultiple Choice "ultiple Answer Question Annual total cost changes *% Correct Answer I stock turno,er rate changes ( I 'uantity changes !our Answer I stock turno,er rate changes ( I procurement cost changes ( I set%up cost changes True/#alse Question #unctionally critical parts re'uire to )e co,ered under cent per cent inspection Correct Answer True !our Answer #alse Select The Blank Question 011 are sent rom ________. Correct Answer Stores Dept. !our Answer Stores Dept.

"ultiple Choice Single Answer Question Competiti,e price in ormation must )e treated as con idential and should not )e disclosed to the )idders with an intention o allowing them to re)id is *% Correct Answer Improprieties o )ids !our Answer 2rice disclosure Select The Blank Question 0ood ________ relations are necessary or e ecti,e materials planning as e,ery department is in,ol,ed in materials planning )ecause each department re'uires one item or other another. Correct Answer Departmental !our Answer Departmental "ultiple Choice "ultiple Answer Question The ollowing are the actions would help to impro,e e ecti,eness o materials planning *% Correct Answer Accurate orecasting ( Computerization ( Shorter materials plan period !our Answer Accurate orecasting ( Computerization ( Shorter materials plan period "atch The #ollowing Question Correct Answer !our Answer .3 .ournal 3ntries .ournal 3ntries 2& 2urchase order 2urchase order 014 0oods receipt note 0oods receipt note D4 Discrepancy note. Discrepancy note. True/#alse Question Cancellation o orders on limsy ground is unethical. Correct Answer True !our Answer True Select The Blank Question Standardized containers eliminates ________

Correct Answer Transit damage !our Answer Transit damage "ultiple Choice Single Answer Question 2urchase order o ers acceptance and ha,e )een clearly laid down in *% Correct Answer Indian Contract act 5678 !our Answer Indian Contract act 5678 "ultiple Choice Single Answer Question #or the inspection o Stationery which department is responsi)le9 Correct Answer Stores !our Answer Stores "atch The #ollowing Question Correct Answer !our Answer #AS :;%8< Sale at the port o destination Sale at port o e$port #&B :5%5< Sale is made on #&B ,essel Sale is made on #&B ,essel CI# :8%;< Sale is made at port o destination Sale at the port o destination C#1 :=%=< Sale at port o e$port Sale is made at port o destination "ultiple Choice Single Answer Question 1eprocessing o Scrap is *% Correct Answer 1eclaiming or re%use !our Answer 1eclaiming or re%use "ultiple Choice Single Answer Question +imit gauges are used to ,eri y *% Correct Answer >hether the product is within the speci ication !our Answer >hether the product is within the speci ication "ultiple Choice Single Answer Question >hich o the ollowing is not the internal actor in luencing materials planning9

Correct Answer International market !our Answer International market "ultiple Choice Single Answer Question The system should )e designed in such a way that it ser,es the ad,antages that are e$pected to accrue rom it( is called as *% Correct Answer &)?ecti,e oriented !our Answer &)?ecti,e oriented "ultiple Choice Single Answer Question 1eal creati,e ideas results *% Correct Answer >hen mem)ers ,entures into impossi)le areas !our Answer >hen opportunity is gi,en to sta "ultiple Choice "ultiple Answer Question Segregation o scrap means *% Correct Answer Sorting )y type( size( grade etc. ( Sorting )y grade( weight !our Answer Sorting )y type( size( grade etc. ( Sorting )y grade( weight Select The Blank Question ________clause should )e inserted in the purchase order o items critical to pro?ect to induce supplier or early completion o the orders. Correct Answer Bonus !our Answer 2enalty or delay True/#alse Question Single tender system is used when there is only one supplier o the item. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #ollowing are )ene its o scienti ic stoke management *% Correct Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material !our Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material

True/#alse Question Stores is the BSa e CustodyB or keeping materials Correct Answer True !our Answer True True/#alse Question @alue analysis is the cost reduction techni'ue. Correct Answer True !our Answer True True/#alse Question Codi ication a,oids con usion and dou)t caused )y long description o items. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Complaints concerning should )e made in such a way that negati,e reactions are a,oided such as *% Correct Answer Deli,ery ailures ( 1e?ection ( Shortages !our Answer Deli,ery ailures ( 1e?ection ( Shortages True/#alse Question A irm engaged in custom%)uilt%product( is usually plagued with o)solete material. Correct Answer True !our Answer True Select The Blank Question ________ re ers to the procurement o the re'uirements o all departments o the irm )y a central purchase organization. Correct Answer Centralisation !our Answer Centralisation "ultiple Choice "ultiple Answer Question Con,entional machine set%up time includes *% Correct Answer Tool replenishment ( #irst piece inspection !our Answer Tool replenishment ( #irst piece inspection ( Set%up

"ultiple Choice "ultiple Answer Question Stock%out is due to *% Correct Answer Cnusual high demands ( Delay in deli,eries !our Answer Cnusual high demands ( Delay in deli,eries ( "achine )reak%down True/#alse Question 4egotiation should end up with an unhappy supplier. Correct Answer #alse !our Answer #alse Select The Blank Question Systematic( ormal and continuous analysis o all actors a ect ________ management unction is known as "aterials research. Correct Answer "aterials !our Answer "aterials True/#alse Question Since stock%taking is a check on storekeeper( it should not )e conducted )y him. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question Salient eatures o the working o the price panel are as under *% Correct Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. !our Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. "ultiple Choice "ultiple Answer Question Application or an import license must )e signed rom *% Correct Answer 2roprietor ( 2artner o irm ( 2erson duly authorized )y )oard o directors o company !our Answer 2roprietor ( 2artner o irm ( 2erson duly authorized )y )oard o directors o company

True/#alse Question "anual inspection is economical when ,olume o output is small. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #or large organizations where product is made up o assem)lies o manu actured components raw material store is su)di,ided into *% Correct Answer #oundry store ( Tool cri) ( "aintenance store !our Answer #oundry store ( Tool cri) ( 0oods inward store True/#alse Question 2ost parcel consignments are cleared through customs A clearance is done through oreign post o ice. Correct Answer True !our Answer True "ultiple Choice Single Answer Question >hat is the meaning o discharge o contract )y no,ation9 Correct Answer I the parties agree to su)stitute a new contract in place o e$isting one or alter it( original contract is discharged !our Answer I the parties agree to su)stitute a new contract in place o e$isting one or alter it( original contract is discharged Select The Blank Question Quantity deli,ered o goods must )e according to the ________. Correct Answer Terms o contract !our Answer Terms o contract "ultiple Choice Single Answer Question >hich o the ollowing is not the e$ternal actor in luencing materials planning9 Correct Answer Corporate o)?ecti,e !our Answer Corporate o)?ecti,e at 5*;8 A" D comments +inks to this post +a)els* "aterials "anagement

Materials Management - 2 +IST &# ATT3"2T3D QC3STI&4S A4D A4S>31S

True/#alse Question In i$ed%order inter,al system( order inter,al is i$ed. Correct Answer True !our Answer True True/#alse Question 2re% i$ed 'ty. issue system is suita)le or A%class items. Correct Answer #alse !our Answer True Select The Blank Question ________ ind their use in identi ication o raw materials( lu)ricants( pipelines etc. Correct Answer Colour codes !our Answer Colour codes Select The Blank Question Two%)in system supersedes ________. Correct Answer 2erpetual in,entory !our Answer @aria)le in,entory "ultiple Choice "ultiple Answer Question In #.&.1. contract seller is responsi)le or *% Correct Answer Arranging or mo,ement o goods to the transporterEs godown ( Sa e loading on into the ,ehicle ( -eeping the material in deli,era)le state !our Answer 2aying or the local transport ( Arranging or mo,ement o goods to the transporterEs godown ( Sa e loading on into the ,ehicle "ultiple Choice Single Answer Question &rganization decided to import when *% Correct Answer Item is not a,aila)le in the country !our Answer Item is not a,aila)le in the country

"ultiple Choice Single Answer Question The purchasing made under contract ( usually ormal( o needed materials( the deli,ery o which is re'uently spread o,er a period o time is known as *% Correct Answer Contract )uying !our Answer Contract )uying "ultiple Choice "ultiple Answer Question Internal lead time can )e reduced *% Correct Answer By selecti,ely delegating the powers ( By de,eloping local ,endor !our Answer By selecti,ely delegating the powers ( By de,eloping local ,endor ( By )etter paper%work True/#alse Question Telephonic 'uotations are use ul when there is limited competition. Correct Answer True !our Answer True "ultiple Choice Single Answer Question The point o trans er o ownership rights rom seller to )uyer is *% Correct Answer 2lace o deli,ery !our Answer Spare part and supply contracts "ultiple Choice Single Answer Question 2rices o certain commodity may )e i$ed )y the go,ernment and there)y putting a restriction on )oth )uyer and seller is *% Correct Answer 0o,ernment restrictions !our Answer 0o,ernment restrictions "atch The #ollowing Question Correct Answer !our Answer 1e,iew period &rder inter,al Two%)in system #&Q system B%class items B%class items 1eduction in record%keeping Two%)in system &rder inter,al #i$ed%&rder Inter,al system

#i$ed order inter,al #i$ed order inter,al Select The Blank Question A,erage in,entory in any replenishment system is ________ to sum o minimum A ma$imum stock. Correct Answer 3'ual !our Answer Steady "ultiple Choice "ultiple Answer Question #ollowing are distinguishing eatures o Air consignment *% Correct Answer 4o system o prior entry ( = ree days are allowed rom light date !our Answer 4o system o prior entry ( = ree days are allowed rom light date ( All rules are same or Air A Sea consignment "ultiple Choice "ultiple Answer Question Typical e$amples o direct materials are *% Correct Answer Cloth in the manu acture o garment ( >ood in the manu acture o #ruits in a canning industry !our Answer Cloth in the manu acture o garment ( >ood in the manu acture o #ruits in a canning industry

urniture ( urniture (

True/#alse Question Cost o capacity which may )e rendered idle i the item currently )eing manu actured in purchased needs to )e added to the cost to )uy. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #ollowing special schemes are announced )y Indian 0o,ernment under which import can )e permitted at zero duty or at less duty *% Correct Answer 3$port promotion capital goods scheme ( Diamond A.ewellary promotion scheme ( Import )y 5DDF e$port oriented units !our Answer 3$port promotion capital goods scheme ( Diamond A.ewellary promotion scheme "ultiple Choice Single Answer Question 0o,ernment departments and pu)lic sector undertakings in India ollow this method o )uying *% Correct Answer Tender )uying !our Answer

Blanket orders "atch The #ollowing Question Correct Answer !our Answer 1ight place Deli,ery as per contract Deli,ery as per contract Buyers right 3$amine the goods 3$amine the contract Cnpaid sellers right & lien Attack on )uyers property Deli,ery Trans er o ownership rights rom seller to the )uyer & lien Select The Blank Question Acceptance sampling plans ha,e )een e,ol,ed ________. Correct Answer Based on pro)a)ility theory !our Answer Based on pro)a)ility theory True/#alse Question 2urchase cost is the price paid the supplier Correct Answer True !our Answer True True/#alse Question 3steem ,alue is paid )y the supplier. Correct Answer #alse !our Answer True True/#alse Question @endors are not responsi)le or statutory appro,als rom go,ernment authorities. Correct Answer #alse !our Answer True "ultiple Choice "ultiple Answer Question Ad,antages o i$ed price agreements are *% Correct Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom

possi)le inancial risks rom price escalations !our Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations "ultiple Choice Single Answer Question The threat on the part o supplier to hold supplies until a,oura)le price decisions is *% Correct Answer A)ility to hold on price !our Answer A)ility to hold on price Select The Blank Question #inished parts are called as ________. Correct Answer Bought%out parts !our Answer Au$illary parts Select The Blank Question Tendering in the a)sence o negotiations is also called ________. Correct Answer #irm )idding !our Answer Schedule )uying "ultiple Choice "ultiple Answer Question Special stores are created where *% Correct Answer "aterial need to )e held under the control o the )ank ( "aterial need to )e held or perisha)le items ( "aterial need to )e held or e$plosi,e A in lamma)le items !our Answer "aterial need to )e held under the control o the )ank ( "aterial need to )e held or perisha)le items ( "aterial need to )e held or costly items "ultiple Choice Single Answer Question >hat is the identi ication A location o stock in store9 Correct Answer #ormulating A updating a system o stores and coding to items which should ensure e icient identi ication A location o goods. !our Answer #ormulating A updating a system o stores and coding to items which should ensure e icient identi ication A location o goods. "ultiple Choice Single Answer Question The in,entories which re er to the maintenance( repair and operation supplies which are consumed during process o manu acturing )ut do not )ecome part o the product is *% Correct Answer

"1& in,entories !our Answer In process in,entories True/#alse Question 4oting clerk e$amines )ill o entry papers A i entry. Correct Answer True !our Answer True

ound in order signs the )ill o

"ultiple Choice Single Answer Question The organization set up )y #A& A >G& to e,ol,e ood standards *% Correct Answer Code$ Alimentarious commission !our Answer Code$ Alimentarious commission "ultiple Choice "ultiple Answer Question Salient eatures o the working o the price panel are as under *% Correct Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. !our Answer Csage ,alue a)o,e which the panel is to appro,e o the price is speci ied. ( @endor de,elopment department is re'uired to gi,e cost )reak up to the secretary o the price panel ( "em)ers o the panel meet to scrutinize and discuss the cost aspects. "ultiple Choice Single Answer Question The method used or making purchases o proprietary items is *% Correct Answer Single tender !our Answer &pen tender Select The Blank Question All incoming materials are insured against ________ Correct Answer Damage / loss !our Answer @alue o material "ultiple Choice "ultiple Answer Question Disad,antages o orward )uying are *% Correct Answer Such a )uying may not ser,e entirely the needs o the production department ( 2rice e$pectations i not realised may result in ma?or inancial loss to the irm. (

+arge scale o)solescence may result i design changes occur. !our Answer Such a )uying may not ser,e entirely the needs o the production department ( 2rice e$pectations i not realised may result in ma?or inancial loss to the irm. ( In,entory holding charges are lower. True/#alse Question +ead time in ormation is re'uired or determination o sa ety stock. Correct Answer #alse !our Answer True True/#alse Question #ire e$tinguishers should )e ,ery near to sta Correct Answer #alse !our Answer True

mem)ers.

"ultiple Choice "ultiple Answer Question In 3$%works contract )uyer is responsi)le or *% Correct Answer Arranging or transport including loading on to the ,ehicle at supplierEs works ( 2aying or reight ( Arranging or transit insurance !our Answer -eeping the material in deli,era)le state ( Arranging or transport including loading on to the ,ehicle at supplierEs works "ultiple Choice Single Answer Question Sales returns means *% Correct Answer 1eceipt o goods rom Customer !our Answer 1e?ection o goods Select The Blank Question Cost o special tooling is called as ________. Correct Answer Cost to )uy !our Answer Cost to )uy Select The Blank Question ________ is ollowed in pu)lic sector organizations to identi y the lowest potential )idder. Correct Answer Tender system !our Answer Tender system

Select The Blank Question Stock%out is nothing )ut ________. Correct Answer Stock get depleted )e ore receipt !our Answer 4il stock "ultiple Choice Single Answer Question The orders( to the e$tent possi)le should )e a,oided is called as *% Correct Answer 1ush !our Answer 1ush "ultiple Choice "ultiple Answer Question Deterioration o electrodes causes *% Correct Answer Increase in arc insta)ility ( 3$cessi,e spatter !our Answer Increase in arc insta)ility ( 3$cessi,e spatter ( Gigh smoke while using "ultiple Choice "ultiple Answer Question #ollowing agreement ha,e )een e$pressly declared ,oid as per the Indian Contract Act 5678 *% Correct Answer Agreement in restraint o marriage ( Agreement )y way o wages ( Agreements to do impossi)le acts !our Answer Agreement in restraint o marriage ( Agreements in restraints o )usiness ( Agreement )y way o wages Select The Blank Question Systematic ________o stores is the key to its e icient operation. Correct Answer +ayout !our Answer +ayout at 5*=D A" D comments +inks to this post +a)els* "aterials "anagement Materials Management - 1 "ultiple Choice "ultiple Answer Question 2rimary duties to )e per ormed )y purchase department are *% Correct Answer 1eceipts( sorting o purchase indents and determination o method o )uying ( 2er ormance e,aluation and eed)ack ( Search or suppliers !our Answer

Search or suppliers ( 1eceipts( sorting o purchase indents and determination o method o )uying ( 2er ormance e,aluation and eed)ack True/#alse Question IndentorEs copy is meant to ena)le indentor to ollow up with the purchase department. Correct Answer True !our Answer True Select The Blank Question ________speci ication are usually le$i)le and can )e altered during consultation with di erent manu acturers o the e'uipment. Correct Answer 3'uipment !our Answer 3'uipment "ultiple Choice Single Answer Question Second )in 'uantity can )e 'uali ied )y *% Correct Answer mH+$C !our Answer mH+$C True/#alse Question Continuous stock%taking tends to dislocate the working o store. Correct Answer #alse !our Answer #alse "ultiple Choice Single Answer Question 1edundant Stock is nothing )ut *% Correct Answer >orthless or con,ersion A other use !our Answer >orthless or con,ersion A other use "ultiple Choice Single Answer Question The cost incurred in pro,iding ade'uate insurance co,er to the materials in transit and in storage is Correct Answer Insurance cost !our Answer Insurance cost Select The Blank Question Set%up cost or manu actured item in own plant is ________.

Correct Answer @ery high !our Answer @ery high "ultiple Choice Single Answer Question The )uying which is recei,ed in staggered lots( each lot at times may e'ual 3&Q is *% Correct Answer Contract )uying !our Answer Schedule )uying "ultiple Choice Single Answer Question 2rice o the commodity is conditioned )y the orces o supply and demand is *% Correct Answer Demand and supply condition !our Answer Demand and supply condition "ultiple Choice Single Answer Question The su)mission o the inal o ers )y the prospecti,e sources is *% Correct Answer #irm )idding !our Answer #irm )idding Select The Blank Question ________ o the department re ers to the placement o the department in the structure o the company. Correct Answer Status !our Answer Size Select The Blank Question 2aper work cost is ________. Correct Answer 2rocurement cost !our Answer 2rocurement cost True/#alse Question The trade discount is not allowed as a percentage o pu)lished price. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question

>hat are the di erent methods o identi ying materials9 Correct Answer Tagging ( +a)eling ( 3ngra,ing !our Answer Tagging ( +a)eling ( 3ngra,ing "ultiple Choice Single Answer Question 2rices o certain commodity may )e i$ed )y the go,ernment and there)y putting a restriction on )oth )uyer and seller is *% Correct Answer 0o,ernment restrictions !our Answer 0o,ernment restrictions True/#alse Question "ultiple sampling is an e$tension o the dou)le sampling plan. Correct Answer True !our Answer True "atch The #ollowing Question Correct Answer !our Answer +a)our management relations In,estigating into suppliers capa)ilities In,estigating into suppliers capa)ilities Technical discussions )etween the representati,es o a )uyer and supplier Techno commercial discussion and trial order Techno commercial discussion and trial order #ollow up with the supplier until sample su)mission Sample ,alidation Sample ,alidation Type o supplier 2reliminary selection o the suppliers 2reliminary selection o the suppliers Select The Blank Question 1e,iew system%optional replenishment is a modi ication o ________. Correct Answer #i$ed%order inter,al system !our Answer 1e%order le,el system "ultiple Choice "ultiple Answer Question Costs in,ol,ed in materials management are Correct Answer Basic cost o materials ( 0o,ernment ta$ and le,ies ( &rdering cost !our Answer Basic cost o materials ( 0o,ernment ta$ and le,ies ( &rdering cost True/#alse

Question Sa ety stock orms a i$ed portion o in,entories. Correct Answer True !our Answer True True/#alse Question "aintenance and repair costs in used e'uipments are relati,ely higher. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question >hat are the areas o control to impro,e pro it Correct Answer Increase units sold ( Increase production ( 1educing capital !our Answer Increase units sold ( Increase production ( 1educing capital "ultiple Choice "ultiple Answer Question "ain transport documents used )y trade are *% Correct Answer 11 ( +1 !our Answer 11 ( +1 "ultiple Choice Single Answer Question Quantity )ased ad,ance license is )ased on standard o *% Correct Answer Input%output norms i$ed )y A+C !our Answer Input%output norms i$ed )y A+C Select The Blank Question &riginating department o daily material receipt report is ________. Correct Answer 1ecei,ing store !our Answer 2urchase department "ultiple Choice "ultiple Answer Question >hat are the limitations o alpha )etical system9 Correct Answer 1epetition o alpha)ets o ten leads to con usion and wrong identi ication ( The selection o proper alpha)ets or each o the items is di icult. ( The codes cannot )e ampli ied which restricts its use to smaller irms !our Answer 1epetition o alpha)ets o ten leads to con usion and wrong identi ication ( The selection o proper alpha)ets or each o the items is di icult. ( The codes cannot

)e ampli ied which restricts its use to smaller irms True/#alse Question Small parcels( Samples( gi ts which are recei,ed rom other countries pro,isions o import policy A customs not applied on them. Correct Answer #alse !our Answer #alse Select The Blank Question "alpractices are ________. Correct Answer "anipulations )y stores sta !our Answer Common in all stores True/#alse Question The registered irms are re'uired to su)mit security deposit which is re'uired rom unregistered irms. Correct Answer #alse !our Answer #alse "ultiple Choice Single Answer Question In instantaneous replenishment system *% Correct Answer Item consumption demand rate is constant !our Answer Item consumption demand rate is constant "ultiple Choice "ultiple Answer Question Store manager has to ensure security *% Correct Answer & store )uildings ( & stock yards !our Answer & store )uildings ( & stock yards ( & stores sta "ultiple Choice Single Answer Question The process o procurement o raw material( wip( inished goods( ?igs( i$tures and other tools and e'uipments which are re'uired or the operation and maintenance o a manu acturing plant is known as Correct Answer 2urchasing !our Answer 2urchasing "ultiple Choice "ultiple Answer Question 1ecei,ing inspector should ha,e to *%

Correct Answer Segregate de ecti,es ( "aintain ,endor wise 'uality records !our Answer Segregate de ecti,es ( "aintain ,endor wise 'uality records "ultiple Choice Single Answer Question Identi ying the need or source selection and source de,elopment is *% Correct Answer Source re'uirement stage !our Answer Source re'uirement stage True/#alse Question SupplierEs deli,ery ratings should )e communicated on periodical )asis. Correct Answer True !our Answer True "atch The #ollowing Question Correct Answer !our Answer @endor rating 1ight source 1ight source 1eplenishment method 1ight time 1ight time Competiti,e )idding 1ight price 1ight price 3&Q 1ight 'uantity 1ight 'uantity "ultiple Choice Single Answer Question 3&Q means *% Correct Answer >hen total cost A right 'uantity are )alanced !our Answer >hen total cost A right 'uantity are )alanced "ultiple Choice Single Answer Question The cost incurred in mo,ement o materials rom suppliers works to )uyerEs works is Correct Answer #reight cost !our Answer #reight cost "ultiple Choice "ultiple Answer Question

@alue analysis speaks a)out *% Correct Answer Cost impro,ement ( Impro,ement in 'uality !our Answer Cost impro,ement ( Impro,ement in 'uality "ultiple Choice "ultiple Answer Question Ad,antages o i$ed price agreements are *% Correct Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations !our Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations "ultiple Choice "ultiple Answer Question "ain in ormation in the )ill o material is *% Correct Answer 2art no. ( "aterial speci ication ( Quantity per assem)ly !our Answer 2art no. ( "aterial speci ication Select The Blank Question ________ is responsi)le or purchase o goods o right 'uality( 'uantity( time( price and source. Correct Answer 2urchase di,ision !our Answer 2urchase di,ision "ultiple Choice Single Answer Question The system not only should identi y and classi y all the e$isting items and it should ha,e enough e$tra unassigned codes to a)sor) uture items is called as *% Correct Answer #le$i)ility !our Answer #le$i)ility "ultiple Choice Single Answer Question 2urchasing today is no longer ?ust a commercial acti,ity )ut it is a techno commercial acti,ity. This is known as *% Correct Answer Changing nature o purchases !our Answer Changing nature o purchases True/#alse Question Black listing may )e or a limited period or or an inde inite period. Correct Answer

True !our Answer True "ultiple Choice "ultiple Answer Question Actions in,ol,ed in sample ,alidation are *% Correct Answer #ollow up with the supplier until sample su)mission ( Sample inspection ( #eed)ack on de ects and de ect pre,ention !our Answer Sample inspection ( Sample re?ection Materials Management - 7 +IST &# ATT3"2T3D QC3STI&4S A4D A4S>31S

True/#alse Question Bulky items imper,ious to weather is kept at ,ery sa e place inside store. Correct Answer #alse !our Answer #alse Select The Blank Question 2etroleum product imports are channealised through________. Correct Answer Indian oil corporation !our Answer Indian oil corporation "ultiple Choice Single Answer Question 2rocurement )y more than one irm )y pooling their re'uirements is *% Correct Answer Cooperati,e )uying !our Answer Cooperati,e )uying "ultiple Choice Single Answer Question #or the inspection o special Cutting tools which department is responsi)le9 Correct Answer 2lanning department A inspection department !our Answer "aintenance department "atch The #ollowing Question Correct Answer !our Answer @endor rating 1ight source

1ight source 1eplenishment method 1ight time 1ight time Competiti,e )idding 1ight price 1ight price 3&Q 1ight 'uantity 1ight 'uantity "ultiple Choice Single Answer Question The cost incurred in pro,iding ade'uate insurance co,er to the materials in transit and in storage is Correct Answer Insurance cost !our Answer Insurance cost "ultiple Choice "ultiple Answer Question Import transactions are su)?ect to ollowing additional laws compared to procurement rom sources within the country as *% Correct Answer Import trade control act Iulation ( Custom act ( Central e$cise 1ules 8DD8 !our Answer Import trade control act Iulation ( Custom act ( Trade policy act 8DDD True/#alse Question 2ro?ects are usually su)?ected to uncertainty A o ten delay takes place in completion o pro?ects which results in cost o,er runs. Correct Answer True !our Answer True True/#alse Question Contract whose o)?ect is not law ul are not ,oid. Correct Answer #alse !our Answer #alse True/#alse Question Shortage chasing is intended to remind the supplier o the due date and o)tain ad,ance in ormation o e$pected delays. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question

&ptimal purchase 'uantity comprises *% Correct Answer Annual in,entory carrying cost ( Annual procurement cost !our Answer Annual in,entory carrying cost ( Annual procurement cost ( Set%up cost "ultiple Choice "ultiple Answer Question Steel almirahs are used or storage o *% Correct Answer 3$pensi,e items ( Scarce items !our Answer 3$pensi,e items ( Scarce items ( Gigh risk materials "ultiple Choice "ultiple Answer Question Some o the )ene its i materials are supplied )y the )uyer are *% Correct Answer The supplies o goods are guaranteed especially during the periods o shortages. ( The re'uent re'uests or the price re,isions are a,oided ( The )uyer is sure o the 'uality o materials. !our Answer The )uyer is sure o the 'uality o materials. ( The re'uent re'uests or the price re,isions are a,oided ( The unnecessary pro it on materials are added )y the suppliers. "ultiple Choice "ultiple Answer Question The )uyers are asked to adopt the ollowing method or ollow up *% Correct Answer Telephone ( +etters ( 3%mail( telegram !our Answer Telephone ( +etters ( 3%mail( telegram True/#alse Question Stores is the BSa e CustodyB or keeping materials Correct Answer True !our Answer True "ultiple Choice Single Answer Question 2rices o certain commodity may )e i$ed )y the go,ernment and there)y putting a restriction on )oth )uyer and seller is *% Correct Answer 0o,ernment restrictions !our Answer 0o,ernment restrictions "ultiple Choice "ultiple Answer Question A contract terminates under ollowing condition *% Correct Answer Discharge )y per ormance ( Discharge )y 1elease ( Discharge )y no,ation !our Answer

Discharge )y per ormance ( Discharge )y 1elease ( Discharge )y no,ation Select The Blank Question ________ is ollowed in pu)lic sector organizations to identi y the lowest potential )idder. Correct Answer Tender system !our Answer Tender system True/#alse Question The per ormance o an e'uipment can not )e ,eri ied on the spot i the e'uipment is not in operation. Correct Answer #alse !our Answer True "atch The #ollowing Question Correct Answer !our Answer Speculati,e )uying Bulk purchasing 4on perisha)le items Capital purchasing 2lant and machinery 2lant and machinery 0roup purchasing Gardware materials Bulk purchasing Ser,ice contract Typewriters Gardware materials True/#alse Question "etals should )e stored at least 5J%8D cm a)o,e the ground. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Costs in,ol,ed in materials management are Correct Answer Basic cost o materials ( 0o,ernment ta$ and le,ies ( &rdering cost !our Answer Basic cost o materials ( &rdering cost ( &,erhead Select The Blank Question ________ o the department re ers to the placement o the department in the structure o the company.

Correct Answer Status !our Answer +ocation True/#alse Question @alue analysis is the cost reduction techni'ue. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question #or large engineering irms main store could )e su) di,ided into *% Correct Answer #inished part store ( 1aw material store ( Semi inished item store !our Answer 1aw material store ( Semi inished item store ( #inished part store "ultiple Choice Single Answer Question In pro?ect procurement what work is co,ered in detailed engineering stage9 Correct Answer Cross ,eri ication o technical speci ications A inalisation o commercial terms !our Answer Cross ,eri ication o technical speci ications A inalisation o commercial terms Select The Blank Question Su) contracting decisions must )e )ased on outcome o ________ analysis. Correct Answer Cost )ene it !our Answer Cost )ene it "ultiple Choice "ultiple Answer Question Disad,antages o orward )uying are *% Correct Answer Such a )uying may not ser,e entirely the needs o the production department ( 2rice e$pectations i not realised may result in ma?or inancial loss to the irm. ( +arge scale o)solescence may result i design changes occur. !our Answer 2rice e$pectations i not realised may result in ma?or inancial loss to the irm. ( +arge scale o)solescence may result i design changes occur. "ultiple Choice Single Answer Question >ho act as a link )etween companyEs inancial department and supplierEs or timely payment9 Correct Answer 2urchase di,ision !our Answer 2urchase di,ision

"ultiple Choice Single Answer Question >hat is the meaning o stores layout9 Correct Answer 2hysical arrangement o space or storage material mo,ement( o ice etc which should pro,ide or most e icient receipt storage A issue o material !our Answer 2hysical arrangement o space or storage material mo,ement( o ice etc which should pro,ide or most e icient receipt storage A issue o material True/#alse Question I item is manu actured in small 'uantities( set%up cost is high. Correct Answer True !our Answer True Select The Blank Question ________is suita)le or procurement rom non%pro it making organization. Correct Answer Cost plus zero ee !our Answer #i$ed price agreements with escalation. Select The Blank Question ________ reduce pro)lems o material planning. Correct Answer 1eduction in lead time !our Answer 1eduction in lead time "ultiple Choice Single Answer Question .IT aims at *% Correct Answer 1eduction in non%,alue added acti,ities !our Answer 1eduction in non%,alue added acti,ities "ultiple Choice "ultiple Answer Question Complaints concerning should )e made in such a way that negati,e reactions are a,oided such as *% Correct Answer Deli,ery ailures ( 1e?ection ( Shortages !our Answer Deli,ery ailures ( 1e?ection ( Shortages "ultiple Choice Single Answer Question Internal actor in luencing materials planning*% Correct Answer 2rocurement lead times !our Answer

2rocurement lead times "ultiple Choice Single Answer Question The cost incurred in mo,ement o materials rom suppliers works to )uyerEs works is Correct Answer #reight cost !our Answer #reight cost True/#alse Question SupplierEs deli,ery ratings should )e communicated on periodical )asis. Correct Answer True !our Answer True Select The Blank Question >hen the costs are )alanced( total cost is ________. Correct Answer "inimum !our Answer #i$ed "ultiple Choice Single Answer Question The process o procurement o raw material( wip( inished goods( ?igs( i$tures and other tools and e'uipments which are re'uired or the operation and maintenance o a manu acturing plant is known as Correct Answer 2urchasing !our Answer Store keeping "ultiple Choice Single Answer Question "echanical tests are per ormed to *% Correct Answer Ascertain the strength o materials !our Answer Ascertain the strength o materials "ultiple Choice Single Answer Question Set%up cost means *% Correct Answer Cost incurred to replenish the stock o item manu actured at home plant !our Answer Cost incurred to replenish the stock o item manu actured at home plant "ultiple Choice Single Answer Question The main responsi)ility o in,entory control di,ision is *% Correct Answer

#i$ing in,entory le,els !our Answer #i$ing in,entory le,els "ultiple Choice "ultiple Answer Question Special stores are created where *% Correct Answer "aterial need to )e held under the control o the )ank ( "aterial or perisha)le items ( "aterial need to )e held or e$plosi,e A in !our Answer "aterial need to )e held under the control o the )ank ( "aterial or perisha)le items ( "aterial need to )e held or e$plosi,e A in Select The Blank Question ________ is a undamental orm o economical ,alue. Correct Answer 3steem ,alue !our Answer Cost ,alue Select The Blank Question Discrepancies arising out o the t are tends to ________. Correct Answer 2ro it A +oss a/c !our Answer 2ro it A +oss a/c "ultiple Choice Single Answer Question >hat is 3arnest money9 Correct Answer #i$ed amount collected along with Tender !our Answer #i$ed amount collected along with Tender at 55*JD 2" D comments +inks to this post +a)els* "aterials "anagement:Set%8< Materials Management - 6 +IST &# ATT3"2T3D QC3STI&4S A4D A4S>31S

need to )e held lamma)le items need to )e held lamma)le items

True/#alse Question 3&Q model is )ased on the assumption that unit price is i$ed. Correct Answer True !our Answer #alse

"ultiple Choice "ultiple Answer Question &)solescence cost is *% Correct Answer Due stock on hand ( 2art 4o. / 4ame !our Answer Due stock on hand ( 2art 4o. / 4ame "ultiple Choice "ultiple Answer Question Set%up cost comprises o *% Correct Answer >ork%order cost ( Idle time cost !our Answer >ork%order cost ( Idle time cost "ultiple Choice Single Answer Question Quantity discounts reduces *% Correct Answer 2rocurement cost !our Answer "aterial cost "ultiple Choice Single Answer Question The document which is prepared )y the engineering department is *% Correct Answer Bill o material !our Answer Bill o material "ultiple Choice Single Answer Question >hich o the ollowing is not the e$ternal actor in luencing materials planning9 Correct Answer Corporate o)?ecti,e !our Answer Corporate o)?ecti,e Select The Blank Question Down time means ________. Correct Answer Time re'uired )y e'uipment to )ecome &!our Answer Time re'uired )y e'uipment to )ecome &"ultiple Choice Single Answer Question Security deposit means *% Correct Answer Amount as reser,e%part kept )y scrap contractor or inal ad?ustment !our Answer Amount paid )y contractor to company "ultiple Choice Single Answer

Question Identi ying technical( inancial( managerial and 'uality assurance capa)ility o the ,endors and there)y generate data to ser,e )asis or preliminary source selection is *% Correct Answer Source in,estigation stage !our Answer Source in,estigation stage Select The Blank Question ________speci ication are usually le$i)le and can )e altered during consultation with di erent manu acturers o the e'uipment. Correct Answer 3'uipment !our Answer Technical "ultiple Choice Single Answer Question Issues to top up supply to pre% i$ed le,els o items are *% Correct Answer Imprest issues !our Answer Imprest issues "ultiple Choice "ultiple Answer Question 1e'uests or price increase are recei,ed on account o the ollowing reasons *% Correct Answer Increase in cost o raw materials and )oughtout parts ( Changes in ta$ structure ( Added work content !our Answer Increase in cost o raw materials and )oughtout parts ( Changes in ta$ structure ( Added work content Select The Blank Question Stock held )y company represents ________. Correct Answer "oney !our Answer "oney Select The Blank Question "ethod suita)le or items which are either o purely seasonal is ________. Correct Answer Seasonal )uying !our Answer Seasonal )uying "ultiple Choice Single Answer Question The )uying which is recei,ed in staggered lots( each lot at times may e'ual 3&Q is *% Correct Answer

Contract )uying !our Answer Schedule )uying "ultiple Choice "ultiple Answer Question Special ad,ance license or deemed e$port is granted in ollowing cases *% Correct Answer Supply o goods against ad,ance license /1emission scheme ( Supply o goods to e$port oriented units ( Supply o capital goods to holders o licenses under 32C0 Scheme !our Answer Supply o goods against ad,ance license /1emission scheme ( Supply o goods to e$port oriented units ( Supply o capital goods to holders o licenses under 32C0 Scheme True/#alse Question SupplierEs re'uest or price increase should )e analysed patiently )y the )uyer. A curt EnoE or Enegati,eE reply spoils relationships. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Actions in,ol,ed in sample ,alidation are *% Correct Answer #ollow up with the supplier until sample su)mission ( Sample inspection ( #eed)ack on de ects and de ect pre,ention !our Answer Sample inspection ( #eed)ack on de ects and de ect pre,ention "ultiple Choice "ultiple Answer Question Special stores are created where *% Correct Answer "aterial need to )e held under the control o the )ank ( "aterial need to )e held or perisha)le items ( "aterial need to )e held or e$plosi,e A in lamma)le items !our Answer "aterial need to )e held or e$plosi,e A in lamma)le items ( "aterial need to )e held or costly items Select The Blank Question ________ is suita)le or procurement o prototypes( i$tures( de,elopment items. Correct Answer Cost plus percentage o cost. !our Answer #i$ed price agreements Select The Blank Question In instantaneous replenishment system( production rate is ________ . Correct Answer In inite

!our Answer Constant "ultiple Choice Single Answer Question &rganization decided to import when *% Correct Answer Item is not a,aila)le in the country !our Answer Item is ,ery critical unctioning "ultiple Choice Single Answer Question &perating systems process data or *% Correct Answer 1outine operations o the depts. !our Answer 1outine operations o the depts. Select The Blank Question In "12%5( manu acturing cycle o Correct Answer +ong !our Answer Short

inished product is ________.

"atch The #ollowing Question Correct Answer !our Answer .IT Gighly ,ulnera)le to supply ailures 2urchasing time T2" 1emo,al o uncertainty Gighly ,ulnera)le to supply ailures Quality at source 3limination o incoming inspection 3limination o incoming inspection +ower unit cost .IT Quantity o production True/#alse Question "aterials department is ser,ice department. Correct Answer True !our Answer #alse Select The Blank Question "alpractices are ________. Correct Answer "anipulations )y stores sta

!our Answer "anipulations )y stores sta True/#alse Question @alue analysis is necessary when companyEs pro its soars. Correct Answer #alse !our Answer #alse "atch The #ollowing Question Correct Answer !our Answer #ast mo,ing items @ery near to the issue counter @ery near to the issue counter Anti)iotics In a air conditioned store In a air conditioned store Costly items like uel in?ector In locked cup)oard A away rom entrance o store. In locked cup)oard A away rom entrance o store. In lamma)le A hazardous items In a separate store In a separate store "ultiple Choice "ultiple Answer Question Discolourisation o soaps is due to *% Correct Answer 3$posure to light ( "oisture !our Answer 3$posure to light ( "oisture "ultiple Choice "ultiple Answer Question #ollowing are )ene its o scienti ic stoke management *% Correct Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material !our Answer 1eduction in downtime )y e icient issues ( @ery less time re'uired to identi y A issue material "ultiple Choice "ultiple Answer Question #ollowing special schemes are announced )y Indian 0o,ernment under which import can )e permitted at zero duty or at less duty *% Correct Answer 3$port promotion capital goods scheme ( Diamond A.ewellary promotion scheme ( Import )y 5DDF e$port oriented units !our Answer 3$port promotion capital goods scheme ( Import )y 5DDF e$port oriented units True/#alse

Question 2ost parcel consignments are cleared through customs A clearance is done through oreign post o ice. Correct Answer True !our Answer #alse True/#alse Question 4um)er o ree days allowed or air consignments is 5J days rom the light date. Correct Answer #alse !our Answer #alse True/#alse Question The trade discount is not allowed as a percentage o pu)lished price. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question 1ecei,ing inspector should ha,e to *% Correct Answer Segregate de ecti,es ( "aintain ,endor wise 'uality records !our Answer Segregate de ecti,es ( "aintain ,endor wise 'uality records "ultiple Choice Single Answer Question Supplier may )e asked to pro,ide assistance or the irst ew days o working so that production losses can )e a,oided is known as *% Correct Answer Spare part and supply contracts !our Answer SellerEs technical assistance during start up. Select The Blank Question All incoming materials are insured against ________ Correct Answer Damage / loss !our Answer Damage / loss True/#alse Question "ake or )uy decision are o common concern to )oth materials and production department. Correct Answer True !our Answer True

"ultiple Choice Single Answer Question In lamma)le storage areas should )e *% Correct Answer >ell insulated !our Answer >ell insulated "ultiple Choice "ultiple Answer Question The su) system o numerical system in,ol,es ollowing *% Correct Answer Se'uential code ( Decimal code ( Block code system !our Answer Se'uential code ( Decimal code ( Block code system "ultiple Choice Single Answer Question Stock%out is due to *% Correct Answer Delay in deli,eries !our Answer Delay in deli,eries Select The Blank Question ________is reim)ursement o actual costs plus i$ed ee. Correct Answer Cost plus i$ed ee !our Answer Cost plus i$ed ee Select The Blank Question ________ is essence o purchase order. Correct Answer Deli,ery !our Answer Deli,ery "ultiple Choice "ultiple Answer Question 2er ormance o product re'uires *% Correct Answer #unctionality ( 1elia)ility !our Answer #unctionality ( 1elia)ility True/#alse Question 3$%works means sale is made on rail/truck at the station o dispatch. Correct Answer #alse !our Answer #alse

True/#alse Question The trade discount is not allowed as a percentage o pu)lished price. Correct Answer #alse !our Answer #alse at 55*;K 2" D comments +inks to this post +a)els* "aterials "anagement:Set%8< Materials Management - 5 Select The Blank Question Con ormance to ________ is checked against component drawings. Correct Answer Dimensions !our Answer Dimensions "ultiple Choice Single Answer Question The in,entories which re er to the maintenance( repair and operation supplies which are consumed during process o manu acturing )ut do not )ecome part o the product is *% Correct Answer "1& in,entories !our Answer "1& in,entories True/#alse Question Import su)stitution in reality should )e looked upon as BImport a,oidanceB Correct Answer True !our Answer True True/#alse Question Deterioration A &)solescence cost are similar. Correct Answer #alse !our Answer True Select The Blank Question Customs duty is charged on the imported goods as per ________. Correct Answer Customs tari rules !our Answer Customs tari rules

"ultiple Choice "ultiple Answer Question In a contract )uyer has right to *% Correct Answer 3$amine the goods ( 1e?ect the goods deli,ered in wrong 'uantity ( 1e?ect non con orming goods !our Answer 3$amine the goods ( 1e?ect the goods deli,ered in wrong 'uantity ( Sue or interest o )uyer Select The Blank Question ________ o the department re ers to the placement o the department in the structure o the company. Correct Answer Status !our Answer +ocation True/#alse Question 2urchasing policies are implemented )y raming procedures and rules. Correct Answer True !our Answer True True/#alse Question Black )ituminous paint should )e applied to ru))er parts. Correct Answer #alse !our Answer #alse "ultiple Choice Single Answer Question 2ending purchases indent report *% Correct Answer Gighlights indents yet to )e con,erted in to purchase%orders !our Answer Gighlights indents yet to )e con,erted in to purchase%orders "ultiple Choice "ultiple Answer Question Correct issues must ha,e *% Correct Answer >ritten re'uisitions ( Authorized re'uisitions !our Answer >ritten re'uisitions ( Authorized re'uisitions ( 4ame o re'uisitor "ultiple Choice "ultiple Answer Question The ollowing are the actions would help to impro,e e ecti,eness o materials planning *% Correct Answer Accurate orecasting ( Computerization ( Shorter materials plan period

!our Answer Accurate orecasting ( Computerization ( Increase in lead time Select The Blank Question Systematic( ormal and continuous analysis o all actors a ect ________ management unction is known as "aterials research. Correct Answer "aterials !our Answer "aterials True/#alse Question &3" discount is gi,en )y the supplier with a ,iew to widen customerEs )ase. Correct Answer True !our Answer #alse "ultiple Choice Single Answer Question A )uyer gi,es wrong idea to his supplier a)out his re'uirements or show a ictitious igure to get some price discount is called as *% Correct Answer "isrepresentation o acts !our Answer "isrepresentation o acts "ultiple Choice "ultiple Answer Question 2urchasing and procurement cost reduction is possi)le through *% Correct Answer Blanket orders ( 0reen purchasing ( System contracting !our Answer Blanket orders ( 0reen purchasing ( System contracting Select The Blank Question ________ department in almost all companies is the )iggest spending department and the custodian o companyEs purse. Correct Answer 2urchasing !our Answer 2urchasing Select The Blank Question ________ ind their use in identi ication o raw materials( lu)ricants( pipelines etc. Correct Answer Colour codes !our Answer Colour codes Select The Blank Question

________ is a comple$ com)ination o men( machines( materials and tools. Correct Answer "anu acturing !our Answer &peration "ultiple Choice Single Answer Question >hat is the meaning o storekeeping9 Correct Answer 2hysical storage o goods under custodianship in a systematic manner !our Answer 2hysical storage o goods under custodianship in a systematic manner True/#alse Question @alue analysis is the cost reduction techni'ue. Correct Answer True !our Answer True "ultiple Choice Single Answer Question Competiti,e price in ormation must )e treated as con idential and should not )e disclosed to the )idders with an intention o allowing them to re)id is *% Correct Answer Improprieties o )ids !our Answer Improprieties o )ids "atch The #ollowing Question Correct Answer !our Answer .3 .ournal 3ntries .ournal 3ntries 2& 2urchase order 2urchase order 014 0oods receipt note 0oods receipt note D4 Discrepancy note. Discrepancy note. "ultiple Choice Single Answer Question Tra ic di,ision is concerned with *% Correct Answer Arrangement o eco. Transportation o incoming and outgoing materials !our Answer Arrangement o eco. Transportation o incoming and outgoing materials "ultiple Choice Single Answer

Question Issue o stock is *% Correct Answer 2rocess o reacting )y stores !our Answer 2rocess o reacting )y stores True/#alse Question Cancellation o orders on limsy ground is unethical. Correct Answer True !our Answer True Select The Blank Question Systematic ________o stores is the key to its e icient operation. Correct Answer +ayout !our Answer +ayout "ultiple Choice Single Answer Question #oreign trade is controlled )y 0o,ernment or *% Correct Answer 2romoting e$port Acontrolling import !our Answer 2romoting e$port Acontrolling import "ultiple Choice "ultiple Answer Question In re,iew system%optional replenishment *% Correct Answer 1eorder le,el is i$ed ( 1e,iew period is i$ed !our Answer 1e,iew period is i$ed ( 1eorder le,el is i$ed "ultiple Choice "ultiple Answer Question The recei,ing stores copy is used )y it *% Correct Answer To ensure that supplier e ects supply o only items ordered on him. ( To ensure that supplier does not supply more than the 'uantity stipulated in the purchase order. ( To ensure that the supplier e ect deli,eries through the mode o transport asked or )y the )uyer. !our Answer To ensure that supplier does not supply more than the 'uantity stipulated in the purchase order. True/#alse Question A company wishing to use pre erred num)ers must decide irst the smallest size to )e made( then largest size to )e made and then the total no. o sizes to )e made. Correct Answer

True !our Answer #alse "ultiple Choice Single Answer Question #inished goods means *% Correct Answer 0oods which are ready to ship !our Answer 0oods which are ready to ship True/#alse Question .IT purchasing is indirectly the acti,ity o pushing in,entory on the suppliers. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Quantity discounts are o ered when *% Correct Answer Buyer tempts to produce large 'uantity ( 2roduction is higher A cost is less !our Answer Buyer tempts to produce large 'uantity ( 2roduction is higher A cost is less "ultiple Choice "ultiple Answer Question Ad,antages o i$ed price agreements are *% Correct Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations !our Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations Select The Blank Question &riginating department o daily material receipt report is ________. Correct Answer 1ecei,ing store !our Answer 1ecei,ing store Select The Blank Question ________ is the arrangement o items into groups according to a pre determined pattern. Correct Answer Classi ication !our Answer Classi ication

"ultiple Choice "ultiple Answer Question "ain in ormation in the )ill o material is *% Correct Answer 2art no. ( "aterial speci ication ( Quantity per assem)ly !our Answer 2art no. ( "aterial speci ication ( Quantity per assem)ly "atch The #ollowing Question Correct Answer !our Answer +C +a)our cost as considered at the time o contract +a)our cost as considered at the time o contract "A Actual material cost as on date. Actual material cost as on date. "C "aterial cost as considered at the time o contract "aterial cost as considered at the time o contract +A Actual la)our cost as on date Actual la)our cost as on date "ultiple Choice Single Answer Question Geat is *% Correct Answer An physical agent !our Answer An physical agent "ultiple Choice Single Answer Question A ormal re'uest to the purchase department( )y the indentor to procure the items mentioned therein and within the indicated time schedule is *% Correct Answer 2urchase indent !our Answer 2urchase indent True/#alse Question Coal and coke gas used or power generation and process heating are direct materials. Correct Answer #alse !our Answer True Select The Blank Question In a contract o sale )y description the goods sold must )e o ________ 'uality. Correct Answer "erchanta)le !our Answer

"erchanta)le True/#alse Question Annual total cost remain constant though stock%turn o,er rate changes. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question &)solescence cost is *% Correct Answer Due stock on hand ( 2art 4o. / 4ame !our Answer Due stock on hand ( Cause o the e,ent ( 4um)er o turns True/#alse Question Single tender system is used when there is only one supplier o the item. Correct Answer True !our Answer True Select The Blank Question In traditional purchasing( 'uality is con irmed ________. Correct Answer &n receipt !our Answer &n receipt

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Select The Blank Question drawings. Con ormance to ________ is checked against component

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Dimensions Dimensions

"ultiple Choice Single Answer Question The in,entories which re er to the maintenance( repair and operation supplies which are consumed during process o manu acturing )ut do not )ecome part o the product is *% Correct Answer !our Answer "1& in,entories "1& in,entories

True/#alse Question a,oidanceB Import su)stitution in reality should )e looked upon as BImport

Correct Answer !our Answer True

True

True/#alse Question Deterioration A &)solescence cost are similar. #alse True

Correct Answer !our Answer

Select The Blank Question Customs duty is charged on the imported goods as per ________. Customs tari Customs tari rules

Correct Answer !our Answer

rules

"ultiple Choice "ultiple Answer Question In a contract )uyer has right to *%

Correct Answer 3$amine the goods ( 1e?ect the goods deli,ered in wrong 'uantity ( 1e?ect non con orming goods !our Answer 3$amine the goods ( 1e?ect the goods deli,ered in wrong 'uantity ( Sue or interest o )uyer

Select The Blank Question ________ o the department re ers to the placement o the department in the structure o the company. Correct Answer !our Answer Status +ocation

True/#alse Question rules. 2urchasing policies are implemented )y raming procedures and

Correct Answer !our Answer True

True

True/#alse Question Black )ituminous paint should )e applied to ru))er parts. #alse #alse

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"ultiple Choice Single Answer

Question

2ending purchases indent report *% Gighlights indents yet to )e con,erted in to purchase%

Correct Answer orders !our Answer

Gighlights indents yet to )e con,erted in to purchase%orders

"ultiple Choice "ultiple Answer Question Correct issues must ha,e *% >ritten re'uisitions ( Authorized re'uisitions >ritten re'uisitions ( Authorized re'uisitions ( 4ame o

Correct Answer !our Answer re'uisitor

"ultiple Choice "ultiple Answer Question The ollowing are the actions would help to impro,e e ecti,eness o materials planning *% Correct Answer plan period !our Answer Accurate orecasting ( Computerization ( Shorter materials

Accurate orecasting ( Computerization ( Increase in lead time

Select The Blank Question Systematic( ormal and continuous analysis o all actors a ect ________ management unction is known as "aterials research. Correct Answer !our Answer "aterials "aterials

True/#alse

Question &3" discount is gi,en )y the supplier with a ,iew to widen customerEs )ase. Correct Answer !our Answer True #alse

"ultiple Choice Single Answer Question A )uyer gi,es wrong idea to his supplier a)out his re'uirements or show a ictitious igure to get some price discount is called as *% Correct Answer !our Answer "isrepresentation o "isrepresentation o acts acts

"ultiple Choice "ultiple Answer Question 2urchasing and procurement cost reduction is possi)le through *% Blanket orders ( 0reen purchasing ( System contracting Blanket orders ( 0reen purchasing ( System contracting

Correct Answer !our Answer

Select The Blank Question ________ department in almost all companies is the )iggest spending department and the custodian o companyEs purse. Correct Answer !our Answer 2urchasing 2urchasing

Select The Blank Question ________ ind their use in identi ication o raw materials( lu)ricants( pipelines etc.

Correct Answer !our Answer

Colour codes Colour codes

Select The Blank Question and tools. ________ is a comple$ com)ination o men( machines( materials

Correct Answer !our Answer

"anu acturing &peration

"ultiple Choice Single Answer Question >hat is the meaning o storekeeping9 2hysical storage o goods under custodianship in a

Correct Answer systematic manner !our Answer manner

2hysical storage o goods under custodianship in a systematic

True/#alse Question @alue analysis is the cost reduction techni'ue. True True

Correct Answer !our Answer

"ultiple Choice Single Answer Question Competiti,e price in ormation must )e treated as con idential and should not )e disclosed to the )idders with an intention o allowing them to re)id is *%

Correct Answer !our Answer

Improprieties o )ids Improprieties o )ids

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.3

.ournal 3ntries

.ournal 3ntries

2&

2urchase order

2urchase order

014

0oods receipt note

0oods receipt note

D4

Discrepancy note. Discrepancy note.

"ultiple Choice Single Answer Question Tra ic di,ision is concerned with *% Arrangement o eco. Transportation o incoming and

Correct Answer outgoing materials !our Answer materials

Arrangement o eco. Transportation o incoming and outgoing

"ultiple Choice Single Answer Question Issue o stock is *% 2rocess o reacting )y stores

Correct Answer

!our Answer

2rocess o reacting )y stores

True/#alse Question Cancellation o orders on limsy ground is unethical. True True

Correct Answer !our Answer

Select The Blank Question Systematic ________o stores is the key to its e icient operation. +ayout +ayout

Correct Answer !our Answer

"ultiple Choice Single Answer Question #oreign trade is controlled )y 0o,ernment or *% 2romoting e$port Acontrolling import 2romoting e$port Acontrolling import

Correct Answer !our Answer

"ultiple Choice "ultiple Answer Question In re,iew system%optional replenishment *% 1eorder le,el is i$ed ( 1e,iew period is i$ed 1e,iew period is i$ed ( 1eorder le,el is i$ed

Correct Answer !our Answer

"ultiple Choice "ultiple Answer Question The recei,ing stores copy is used )y it *%

Correct Answer To ensure that supplier e ects supply o only items ordered on him. ( To ensure that supplier does not supply more than the 'uantity stipulated in the purchase order. ( To ensure that the supplier e ect deli,eries through the mode o transport asked or )y the )uyer. !our Answer To ensure that supplier does not supply more than the 'uantity stipulated in the purchase order.

True/#alse Question A company wishing to use pre erred num)ers must decide irst the smallest size to )e made( then largest size to )e made and then the total no. o sizes to )e made. Correct Answer !our Answer True #alse

"ultiple Choice Single Answer Question #inished goods means *% 0oods which are ready to ship 0oods which are ready to ship

Correct Answer !our Answer

True/#alse Question the suppliers. .IT purchasing is indirectly the acti,ity o pushing in,entory on

Correct Answer !our Answer True

True

"ultiple Choice "ultiple Answer Question Quantity discounts are o ered when *% Buyer tempts to produce large 'uantity ( 2roduction is

Correct Answer higher A cost is less !our Answer cost is less

Buyer tempts to produce large 'uantity ( 2roduction is higher A

"ultiple Choice "ultiple Answer Question Ad,antages o i$ed price agreements are *%

Correct Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations !our Answer They are easy to administer ( They gi,e certainty to the )uyer who knows rom the start( amount he has to pay or the goods/ser,ices. ( They protect )uyer rom possi)le inancial risks rom price escalations

Select The Blank Question ________. &riginating department o daily material receipt report is

Correct Answer !our Answer

1ecei,ing store 1ecei,ing store

Select The Blank Question ________ is the arrangement o items into groups according to a pre determined pattern. Correct Answer !our Answer Classi ication Classi ication

"ultiple Choice "ultiple Answer Question "ain in ormation in the )ill o material is *% 2art no. ( "aterial speci ication ( Quantity per assem)ly 2art no. ( "aterial speci ication ( Quantity per assem)ly

Correct Answer !our Answer

"atch The #ollowing Question Correct Answer !our Answer

+C +a)our cost as considered at the time o contract considered at the time o contract

+a)our cost as

"A

Actual material cost as on date.

Actual material cost as on date.

"C "aterial cost as considered at the time o contract considered at the time o contract

"aterial cost as

+A

Actual la)our cost as on date Actual la)our cost as on date

"ultiple Choice Single Answer Question Geat is *% An physical agent An physical agent

Correct Answer !our Answer

"ultiple Choice Single Answer Question A ormal re'uest to the purchase department( )y the indentor to procure the items mentioned therein and within the indicated time schedule is *% Correct Answer !our Answer 2urchase indent 2urchase indent

True/#alse Question Coal and coke gas used or power generation and process heating are direct materials. Correct Answer !our Answer True #alse

Select The Blank Question In a contract o sale )y description the goods sold must )e o ________ 'uality. Correct Answer !our Answer "erchanta)le "erchanta)le

True/#alse Question changes. Annual total cost remain constant though stock%turn o,er rate

Correct Answer !our Answer

#alse #alse

"ultiple Choice "ultiple Answer Question &)solescence cost is *% Due stock on hand ( 2art 4o. / 4ame Due stock on hand ( Cause o the e,ent ( 4um)er o turns

Correct Answer !our Answer

True/#alse Question the item. Single tender system is used when there is only one supplier o

Correct Answer !our Answer True

True

Select The Blank Question In traditional purchasing( 'uality is con irmed ________. &n receipt &n receipt

Correct Answer !our Answer

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"ultiple Choice Single Answer Question The )asic materials which ha,e not undergone any con,ersion since their receipts rom suppliers is *% Correct Answer 1aw material !our Answer 1aw material "ultiple Choice Single Answer Question Geat is *% Correct Answer An physical agent !our Answer An physical agent "ultiple Choice Single Answer Question In,entory control system means *% Correct Answer To achie,e )asic purpose o in,entory creation !our Answer To achie,e )asic purpose o in,entory creation "ultiple Choice "ultiple Answer Question Salient characteristics o kodak system are *% Correct Answer "aterials are di,ided into ew )road classi ications ( 3ach preliminary class is urther di,ided into su) classes ( 3ach su) class is ne$t ampli ied into kind o items !our Answer "aterials are di,ided into ew )road classi ications ( 3ach preliminary class is urther di,ided into su) classes ( 3ach su) class is ne$t ampli ied into kind o items True/#alse Question Turno,er discount is usually related to the annual )usiness and is paid in the orm o credit note at the end o the year. Correct Answer True !our Answer

True True/#alse Question "anual inspection is economical when ,olume o output is small. Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Set%up cost is associated with *% Correct Answer 2eriod ( 4um)er o production runs !our Answer 4um)er o production runs ( "achine cost "ultiple Choice Single Answer Question Stock taking is the responsi)ility o *% Correct Answer Stores !our Answer Stores A purchase "atch The #ollowing Question Correct Answer !our Answer 4ut )olts "iscellaneous Gand tools Ta)le and chair & ice e'uipment & ice e'uipment 0rinding machine Capital e'uipment Capital e'uipment 1immer Gand tools "iscellaneous Select The Blank Question Standardized containers eliminates ________ Correct Answer Transit damage !our Answer Transit damage "ultiple Choice "ultiple Answer Question >hat are the orecasting techni'ues9 Correct Answer 1egression analysis ( 3$ponential smoothening ( "o,ing a,erage !our Answer

"o,ing a,erage ( 1egression analysis ( 3$ponential smoothening Select The Blank Question Deterioration o ru))er parts can )e a,oided )y ________. Correct Answer Application o #rench chalk !our Answer Application o organic chemicals True/#alse Question 4o restrictions are on rail transport. Correct Answer True !our Answer True "ultiple Choice Single Answer Question 2rimary unction means *% Correct Answer Basics re'uired to make product worth !our Answer Basics re'uired to make product worth Select The Blank Question A )onnet o motor%car is an ________. Correct Answer 2rotection to engine !our Answer 2rotection to engine True/#alse Question Import su)stitution in reality should )e looked upon as BImport a,oidanceB Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Quantity discounts are o ered when *% Correct Answer Buyer tempts to produce large 'uantity ( 2roduction is higher A cost is less !our Answer Buyer tempts to produce large 'uantity ( 2roduction is higher A cost is less Select The Blank Question 011 are sent rom ________. Correct Answer Stores Dept. !our Answer Stores Dept.

Select The Blank Question "ethod suita)le or items which are either o purely seasonal is ________. Correct Answer Seasonal )uying !our Answer Seasonal )uying "ultiple Choice Single Answer Question Deterioration implies *% Correct Answer 1eduction in ,alue o material !our Answer 1eduction in ,alue o material "ultiple Choice "ultiple Answer Question +owest price may )e 'uoted )y the prospecti,e seller *% Correct Answer Deli)erately with an intention to gain entry into the )uyerEs company ( &n account o ailure to estimate the cost correctly and accurately. ( Due to arithmetical errors in his cost estimates. !our Answer Deli)erately with an intention to gain entry into the )uyerEs company ( &n account o ailure to estimate the cost correctly and accurately. ( Due to arithmetical errors in his cost estimates. Select The Blank Question Set%up cost or manu actured item in own plant is ________. Correct Answer @ery high !our Answer @ery high "ultiple Choice Single Answer Question The su)mission o the inal o ers )y the prospecti,e sources is *% Correct Answer #irm )idding !our Answer #irm )idding True/#alse Question Deterioration A &)solescence cost are similar. Correct Answer #alse !our Answer #alse "ultiple Choice "ultiple Answer Question @alue analysis speaks a)out *% Correct Answer

Cost impro,ement ( Impro,ement in 'uality !our Answer Cost impro,ement ( Impro,ement in 'uality "ultiple Choice "ultiple Answer Question &)?ecti,es o material research are *% Correct Answer To impro,e capa)ility o purchase department to ,isualize pro)lems which may )e encountered in uture. ( To make optimum utilization o a,aila)le resources ( To pro,ide the enterprise a competiti,e edge. !our Answer To impro,e capa)ility o purchase department to ,isualize pro)lems which may )e encountered in uture. ( To pro,ide the enterprise a competiti,e edge. ( To attain lower e iciency in purchasing acti,ities. Select The Blank Question #i$ed price is applied up to certain part o the contract and price is inally determined at an agreed point in the contract is ________ Correct Answer #i$ed price with predetermination !our Answer Cost plus percentage o cost. "ultiple Choice "ultiple Answer Question Constituents o cost analysis are *% Correct Answer 1aw material ( +a)our cost !our Answer 1aw material ( +a)our cost ( In,entory carrying cost "ultiple Choice Single Answer Question 2olicies lay down administrati,e principles utilized in raming procedures and rules is *% Correct Answer Internal policies !our Answer Internal policies Select The Blank Question ________ reduce pro)lems o material planning. Correct Answer 1eduction in lead time !our Answer 1eduction in lead time True/#alse Question &3" discount is gi,en )y the supplier with a ,iew to widen customerEs )ase. Correct Answer True !our Answer True

"ultiple Choice Single Answer Question The organization set up )y #A& A >G& to e,ol,e ood standards *% Correct Answer Code$ Alimentarious commission !our Answer Code$ Alimentarious commission Select The Blank Question ________ recei,ed in the daily mail can also pro,ide in ormation on the ,endors o items which the )uyerEs company is interested in de,eloping. Correct Answer Circulars !our Answer Circulars True/#alse Question "aster production schedule is not a orecast o demand )ut is plan or production. Correct Answer True !our Answer True True/#alse Question 1eorder 'uantity in i$ed order inter,al system e'ual economic order 'uantity. Correct Answer #alse !our Answer #alse Select The Blank Question In traditional purchasing( 'uality is con irmed ________. Correct Answer &n receipt !our Answer At )uyerEs end "ultiple Choice "ultiple Answer Question The recei,ing stores copy is used )y it *% Correct Answer To ensure that supplier e ects supply o only items ordered on him. ( To ensure that supplier does not supply more than the 'uantity stipulated in the purchase order. ( To ensure that the supplier e ect deli,eries through the mode o transport asked or )y the )uyer. !our Answer To ena)le indentor to do ollow up with the purchase department ( To ensure that supplier e ects supply o only items ordered on him. ( To ensure that the supplier e ect deli,eries through the mode o transport asked or )y the )uyer. "ultiple Choice Single Answer Question

"aterial re'uisition means *% Correct Answer "aterial re'uest note signed )y authorized person !our Answer 1e'uest or material as re'uired True/#alse Question "ake or )uy decision are o common concern to )oth materials and production department. Correct Answer True !our Answer True "ultiple Choice Single Answer Question >hat is the identi ication A location o stock in store9 Correct Answer #ormulating A updating a system o stores and coding to items which should ensure e icient identi ication A location o goods. !our Answer #ormulating A updating a system o stores and coding to items which should ensure e icient identi ication A location o goods. "atch The #ollowing Question Correct Answer !our Answer @endor rating 1ight source 1ight source 1eplenishment method 1ight time 1ight time Competiti,e )idding 1ight price 1ight price 3&Q 1ight 'uantity 1ight 'uantity "ultiple Choice "ultiple Answer Question Typical e$amples o direct materials are *% Correct Answer Cloth in the manu acture o garment ( >ood in the manu acture o #ruits in a canning industry !our Answer Cloth in the manu acture o garment ( >ood in the manu acture o #ruits in a canning industry

urniture ( urniture (

"ultiple Choice "ultiple Answer Question #ollowing are )ene its o scienti ic stoke management *% Correct Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time

re'uired to identi y A issue material !our Answer 1eduction in downtime )y e icient issues ( In,entory control ( @ery less time re'uired to identi y A issue material "ultiple Choice Single Answer Question >hat is descri)ed in sale o goods Act 5K=D9 Correct Answer @arious rules concerning deli,ery o goods to )e agreed )etween seller A )uyer !our Answer @arious rules concerning deli,ery o goods to )e agreed )etween seller A )uyer Select The Blank Question ________ is suita)le or procurement o prototypes( i$tures( de,elopment items. Correct Answer Cost plus percentage o cost. !our Answer #i$ed price agreements with escalation. "ultiple Choice "ultiple Answer Question Steel almirahs are used or storage o *% Correct Answer 3$pensi,e items ( Scarce items !our Answer 3$pensi,e items ( Scarce items True/#alse Question Contract whose o)?ect is not law ul are not ,oid. Correct Answer #alse !our Answer #alse at L*J6 A" D comments +inks to this post +a)els* "aterials "anagement:Set%=< Saturday, December 6, 2008 Materials Management - +IST &# ATT3"2T3D QC3STI&4S A4D A4S>31S

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#alse "atch The #ollowing Question Correct Answer !our Answer Deli,ery time As speci ied in contract >arranties 3ssential stipulations Conditions As per agreement Collateral stipulations >arranties As speci ied in contract Ca,eat emptor #undamental principle o sale o goods Sale o goods act option "ultiple Choice Single Answer Question #or the inspection o special Cutting tools which department is responsi)le9 Correct Answer 2lanning department A inspection department !our Answer 2lanning department A inspection department True/#alse Question Black listing may )e or a limited period or or an inde inite period. Correct Answer True !our Answer #alse Select The Blank Question Two%)in system supersedes ________. Correct Answer 2erpetual in,entory !our Answer 2erpetual in,entory "ultiple Choice "ultiple Answer Question Stores unctions include *% Correct Answer 1ecei,ing and issuing o materials ( -eeping the record ( Taking precautions to a,oid pil erage( the t !our Answer 1ecei,ing and issuing o materials ( -eeping the record ( Taking precautions to a,oid pil erage( the t "ultiple Choice "ultiple Answer Question Analysis o certi ication correctness o material is re'uired or *% Correct Answer

Bar stock ( Castings !our Answer Gigh risk materials ( +i'uids Select The Blank Question ________ is ollowed in pu)lic sector organizations to identi y the lowest potential )idder. Correct Answer Tender system !our Answer Tender system Select The Blank Question Set%up cost or manu actured item in own plant is ________. Correct Answer @ery high !our Answer @ery less Select The Blank Question The ________ is raised )y the recei,ing stores in receipt o materials and a ter physical ,eri ication o the 'uantity and 'uality. Correct Answer 0oods 1eceipt 1eport !our Answer 0oods 1eceipt 1eport True/#alse Question "etals should )e stored at least 5J%8D cm a)o,e the ground. Correct Answer True !our Answer True True/#alse Question .IT purchasing is indirectly the acti,ity o pushing in,entory on the suppliers. Correct Answer True !our Answer #alse "ultiple Choice Single Answer Question Annual total cost is *% Correct Answer Annual "aterial Cost H Annual 2rocurement Cost H Annual ICC !our Answer Annual "aterial Cost H Annual 2rocurement Cost H Annual ICC True/#alse Question 4o restrictions are on rail transport.

Correct Answer True !our Answer True "ultiple Choice "ultiple Answer Question Ad,antages o orward )uying are *% Correct Answer 0reater margin o pro it on inished goods ( Sa,ing in procurement e$penses as purchases are usually consolidated. ( Security against shortages !our Answer 0reater margin o pro it on inished goods ( Sa,ing in procurement e$penses as purchases are usually consolidated. ( Security against shortages "ultiple Choice Single Answer Question The purchase o ,ariety o items rom single source is called as *% Correct Answer Blanket orders !our Answer Blanket orders True/#alse Question In,entory control techni'ue is suited or low ,alue indirect materials which are economical to procure them in certain pre i$ed 'uantities. Correct Answer True !our Answer #alse "ultiple Choice Single Answer Question Contracts o A A B class items should ha,e *% Correct Answer @alue engineering !our Answer @alue analysis True/#alse Question 1eorder 'uantity in i$ed order inter,al system e'ual economic order 'uantity. Correct Answer #alse !our Answer True Select The Blank Question Indian railways carry almost ________ goods A passenger tra ic. Correct Answer D.7J !our Answer D.7J Select The Blank

Question The purchasing o >eigh )ridge is________ Correct Answer Capital purchasing !our Answer Import purchasing "ultiple Choice "ultiple Answer Question Techni'ues o Simpli ication *% Correct Answer 2re erred num)ers ( #re'uency analysis ( 1ationalized codi ication !our Answer Classi ication ( #re'uency analysis ( 1ationalized codi ication "ultiple Choice "ultiple Answer Question Correct issues must ha,e *% Correct Answer >ritten re'uisitions ( Authorized re'uisitions !our Answer >ritten re'uisitions ( Authorized re'uisitions "ultiple Choice "ultiple Answer Question 1e?ection percentage to )e allowed to the ,endor depends on the *% Correct Answer Con iguration o component ( 4um)er o operations in,ol,ed ( Tolerances and sur ace inishes !our Answer 4um)er o operations in,ol,ed ( Tolerances and sur ace inishes ( 2rocess Select The Blank Question &ne o the ma?or pipe%line in India is ________. Correct Answer Ankaleshwar % Baroda !our Answer Barauni % Ba?wa Select The Blank Question 011 are sent rom ________. Correct Answer Stores Dept. !our Answer Stores Dept. "ultiple Choice "ultiple Answer Question Continuous Stock%taking is e ecti,e due to *% Correct Answer 2lanned/scheduled acti,ity ( Discrepancies are noticed A corrected in short spell !our Answer 2lanned/scheduled acti,ity ( Discrepancies are noticed A corrected in short spell ( 3liminates material losses

"ultiple Choice Single Answer Question +imited competition is associated with higher price while wider competition ena)les )uying at competiti,e rates is known as *% Correct Answer 3$tent o competition !our Answer Demand and supply condition Select The Blank Question ________ is an addition o unnecessary cost to product Correct Answer 2oor design !our Answer 2oor design "ultiple Choice "ultiple Answer Question The alpha numerical system operates as under *% Correct Answer 3ach item is identi ied and is gi,en a proper description. ( Identical items are classi ied into groups and each group is pro,ided a suita)le heading. ( Codes are assigned to the ne$t group( which are usually the alpha)ets. !our Answer 3ach item is identi ied and is gi,en a proper description. ( Identical items are classi ied into groups and each group is pro,ided a suita)le heading. ( Codes are assigned to the ne$t group( which are usually the alpha)ets. "ultiple Choice Single Answer Question Gow much sa,ing in material cost can gi,e )ene it e'ui,alent to eight to nine F rise in sales ,olume9 Correct Answer D.D5 !our Answer D.D5 "ultiple Choice Single Answer Question The purchasing made under contract ( usually ormal( o needed materials( the deli,ery o which is re'uently spread o,er a period o time is known as *% Correct Answer Contract )uying !our Answer Contract )uying "ultiple Choice Single Answer Question >hich type o tendering is adopted when the re'uirements are urgent9 Correct Answer +imited tender !our Answer +imited tender True/#alse Question

Continuous stock%taking tends to dislocate the working o store. Correct Answer #alse !our Answer #alse True/#alse Question 2& gi,es ull and complete details o the materials to )e supplied there)y a,oiding am)iguities. Correct Answer True !our Answer True "ultiple Choice Single Answer Question 3$ternal lead time is *% Correct Answer SupplierEs lead time !our Answer SupplierEs lead time "atch The #ollowing Question Correct Answer !our Answer Supplies A)rasi,e materials Chemicals 2erisha)le materials @egeta)les @egeta)les 2acking materials Carton Carton 3mpties "etal containers "etal containers "ultiple Choice "ultiple Answer Question 2rimary duties to )e per ormed )y purchase department are *% Correct Answer 1eceipts( sorting o purchase indents and determination o method o )uying ( 2er ormance e,aluation and eed)ack ( Search or suppliers !our Answer 1eceipts( sorting o purchase indents and determination o method o )uying ( 2er ormance e,aluation and eed)ack ( Search or suppliers "ultiple Choice "ultiple Answer Question In #.&.1. contract seller is responsi)le or *% Correct Answer Arranging or mo,ement o goods to the transporterEs godown ( Sa e loading on into the ,ehicle ( -eeping the material in deli,era)le state !our Answer

Arranging or mo,ement o goods to the transporterEs godown ( Sa e loading on into the ,ehicle ( -eeping the material in deli,era)le state "ultiple Choice Single Answer Question 2rimary unction means *% Correct Answer Basics re'uired to make product worth !our Answer Basics re'uired to make product worth "ultiple Choice Single Answer Question >ho act as a link )etween companyEs inancial department and supplierEs or timely payment9 Correct Answer 2urchase di,ision !our Answer 2urchase di,ision Select The Blank Question 1e,iew system%optional replenishment is a modi ication o ________. Correct Answer #i$ed%order inter,al system !our Answer #i$ed%order inter,al system "ultiple Choice Single Answer Question @alue analysis ?o) plan contains *% Correct Answer K steps !our Answer K steps "ultiple Choice "ultiple Answer Question #unctions o Tra ic di,ision *% Correct Answer Tracing missing consignments ( Selecting the right kind o shipping ser,ice ( Scrutinizing reight )ills or payment. !our Answer Selecting the right kind o shipping ser,ice ( Scrutinizing reight )ills or payment. Select The Blank Question ________Inspects the goods A issues a sur,eyor report certi icate. Correct Answer Sur,eyor !our Answer Sur,eyor "ultiple Choice "ultiple Answer Question &)?ecti,es o material research are *% Correct Answer

To impro,e capa)ility o purchase department to ,isualize pro)lems which may )e encountered in uture. ( To make optimum utilization o a,aila)le resources ( To pro,ide the enterprise a competiti,e edge. !our Answer To impro,e capa)ility o purchase department to ,isualize pro)lems which may )e encountered in uture. ( To make optimum utilization o a,aila)le resources ( To pro,ide the enterprise a competiti,e edge. True/#alse Question Two )in system is )etter as compared to perpetual in,entory system. Correct Answer #alse !our Answer True

is obtained on payment of customs duty which authorizes the removal of goods from customs charge