Recruitment for Various Post 27th March 2022

Participant ID A2226090051
Participant Name NAVNEET SINGH RANA
Test Center Name Tikri Digital Zone
Test Date 27/03/2022
Test Time 9:00 AM - 11:30 AM
Subject Store Keeper
Marks Obtained 49

Section : General Intelligence and Reasoning

Q.1

Ans

A.

B.

C.

D.

Question Type : MCQ

Question ID : 426778203
Status : Answered
Chosen Option : C
Marks : 1
Q.2 ‘Nest’ is related to ‘Twigs’ in the same way as 'House' is related to ‘_______’.
Ans A. Furniture

B. Bricks

C. Man

D. Mason

Question Type : MCQ

Question ID : 426778202
Status : Answered
Chosen Option : B
Marks : 1

Q.3 Select the number that will replace the question mark (?) in the following series.

30, 96, 151, 195, 228, ?

Ans A. 245

B. 234

C. 250

D. 256

Question Type : MCQ

Question ID : 426778204
Status : Answered
Chosen Option : C
Marks : 1

Q.4 A + B means ‘A is the brother of B’; A – B means 'A is the sister of B'; A x B means 'A is son
of B'; A ÷ B means ‘A is the daughter of B’. If R ÷ S – T + U x V, then how is R related to V?
Ans A. Grand mother

B. Mother

C. Grand Daughter

D. Daughter

Question Type : MCQ

Question ID : 426778201
Status : Answered
Chosen Option : C
Marks : 1

Q.5 Which number in the given series is INCORRECT?

4, 7, 13, (23), 34, 49, (67), 88

Ans A. Both the bracketed numbers are correct.

B. The first bracketed number is incorrect and the second bracketed number is correct.

C. Both the bracketed numbers are incorrect.

D. The first bracketed number is correct and the second bracketed number is incorrect.

Question Type : MCQ

Question ID : 426778205
Status : Answered
Chosen Option : B
Marks : 1

Section : General Awareness

Q.1 Which Microfinance institution offers microloans to poor women so that they can be part of
income generating activities that bring them out of poverty?
Ans A. BSS

B. Bandhan

C. ESAF

D. Fusion

Question Type : MCQ

Question ID : 426778210
Status : Answered
Chosen Option : B
Marks : -1/4

Q.2 The Treaty of _______ was signed between the British and the Holkar chief in 1818.
Ans A. Mandasor

B. Barrain

C. Purander

D. Gwalior

Question Type : MCQ

Question ID : 426778207
Status : Answered
Chosen Option : D
Marks : -1/4

Q.3 The Peshwa surrendered in ________ and was dethroned and pensioned off to a small estate
in Bithur near Kanpur.
Ans A. 1815

B. 1723

C. 1795

D. 1818

Question Type : MCQ

Question ID : 426778208
Status : Answered
Chosen Option : D
Marks : 1

Q.4 India successfully test-fired a new version of _______ supersonic cruise missile off the coast
of Odisha in January 2022.
Ans A. Trishul

B. Astra

C. BrahMos

D. Nirbhay

Question Type : MCQ

Question ID : 426778206
Status : Answered
Chosen Option : C
Marks : 1
Q.5 Pnar and Garo are languaged spoken in which of the following states?
Ans A. Sikkim

B. Meghalaya

C. Odisha

D. Goa

Question Type : MCQ

Question ID : 426778209
Status : Answered
Chosen Option : B
Marks : 1

Section : Quantitative Aptitude

Q.1 A man purchases two power banks A and B at a total cost of ₹ 1,248. He sells A with 15%
profit and B at a loss 20% and gets the same selling price for both the power banks. What
are the purchasing prices of A and B respectively?
Ans A. ₹ 512, ₹ 736

B. ₹ 525, ₹ 756

C. ₹ 518, ₹ 895

D. ₹ 524, ₹ 876

Question Type : MCQ

Question ID : 426778214
Status : Answered
Chosen Option : A
Marks : 1

Q.2 ₹ 1,173 are to be divided among A, B and C in such a way that if A gets ₹ 7, then B must get
₹ 6 and if B gets ₹ 3 then C must get ₹ 6.25. The share of C will exceed that of A by:
Ans A. ₹ 465

B. ₹ 253

C. ₹ 322

D. ₹ 575

Question Type : MCQ

Question ID : 426778216
Status : Answered
Chosen Option : B
Marks : 1

Q.3 Find the HCF of 0.057, 0.114, 0.323 and 1.919.

Ans A. 0.019

B. 0.19

C. 0.0019

D. 1.9

Question Type : MCQ

Question ID : 426778212
Status : Answered
Chosen Option : A
Marks : 1
Q.4 By what percentage is 55% of 1856 more than 35% of the same number (correct upto 2
decimals)?
Ans A. 56.32%

B. 58.24%

C. 59.57%

D. 57.14%

Question Type : MCQ

Question ID : 426778213
Status : Answered
Chosen Option : D
Marks : 1

Q.5 A tap can fill a tank in 5 hours. After half the tank is filled, three more taps are opened. What
is the total time taken to fill the tank completely.
Ans A. 3 hours 3 min 20 sec

B. 4 hours 2 min 52 sec

C. 4 hours 5 min 56 sec

D. 3 hours 7 min 50 sec

Question Type : MCQ

Question ID : 426778220
Status : Answered
Chosen Option : D
Marks : 1

Q.6 A train travelling at a speed of 40 m/s crosses bridge 500 m long in 25 sec. Find the length
of the train.
Ans A. 450 m

B. 500 m

C. 600 m

D. 750 m

Question Type : MCQ

Question ID : 426778218
Status : Answered
Chosen Option : B
Marks : 1

Q.7 Rohit can do a work in 20 days and Gambir is 60% more expert than Rohit to complete the
same work, then find total time taken to complete the work by Gambir.
Ans A. 23/2 days

B. 21/2 days

C. 27/2 days

D. 25/2 days

Question Type : MCQ

Question ID : 426778219
Status : Answered
Chosen Option : D
Marks : 1
Q.8 If the rate of interest is 14% per annum, compounded semi-annually, find the equivalent
simple interest applicable at the end of 18 months.
Ans A. 26.50%

B. 24.50%

C. 20.50%

D. 22.50%

Question Type : MCQ

Question ID : 426778217
Status : Answered
Chosen Option : D
Marks : 1

Q.9

Ans A. 1.573

B. 1.567

C. 1.535

D. 1.528

Question Type : MCQ

Question ID : 426778211
Status : Answered
Chosen Option : D
Marks : 1

Q.10 A student got 45% marks in an exam and failed by 22 marks. If the maximum marks in the
exam is 480. What is the minimum percentage marks required for passing the exam?
Ans A. 39.6%

B. 59.6%

C. 29.6%

D. 49.6%

Question Type : MCQ

Question ID : 426778215
Status : Answered
Chosen Option : D
Marks : 1

Section : English Comprehension

Q.1 Choose the correct SYNONYM of 'Manifest' from the options given below.
Ans A. Expose

B. Seize

C. Mediate

D. Apparent

Question Type : MCQ

Question ID : 426778222
Status : Answered
Chosen Option : A
Marks : -1/4
Q.2 Fill in the blank.

Seema took _______ in a deserted inn.

Ans A. refuge

B. refuse

C. right

D. rite

Question Type : MCQ

Question ID : 426778225
Status : Answered
Chosen Option : A
Marks : 1

Q.3 Choose the correct ANTONYM of 'Barren' from the options given below.
Ans A. Fertile

B. Narrow

C. Dull

D. Descend

Question Type : MCQ

Question ID : 426778221
Status : Answered
Chosen Option : A
Marks : 1

Q.4 Choose the correct meaning of the PROVERB 'Bag and Baggage'.
Ans A. In details

B. Major share

C. With all belongings

D. Heart of the prey

Question Type : MCQ

Question ID : 426778224
Status : Answered
Chosen Option : A
Marks : -1/4

Q.5 Choose the correct meaning of the IDIOM 'A Man of Letters'.
Ans A. A source of evil

B. An historic day

C. A learned man

D. The biggest share

Question Type : MCQ

Question ID : 426778223
Status : Answered
Chosen Option : C
Marks : 1

Section : Material Management

Q.1 The internet and a variety of different types of software system can be used to increase the
__________ throughout the supply chain.
Ans A. cost of operation

B. speed of transport vehicles

C. paperwork

D. visibility of information

Question Type : MCQ

Question ID : 426778303
Status : Answered
Chosen Option : D
Marks : 1

Q.2 In speed rating, the process of rating an operator is confined to the comparison of speed of
movement with the concept of _________.
Ans A. Average speed

B. Slowest speed

C. Normal speed

D. Fastest speed

Question Type : MCQ

Question ID : 426778268
Status : Answered
Chosen Option : C
Marks : 1

Q.3 Under 'The Sale of Goods Act, 1930', when the buyer wrongfully neglects or refuses to
accept and pay for the goods, the seller may sue him for _________.
Ans A. damages for non-payment

B. damages for non-delivery

C. damages for breach

D. damages for non-acceptance.

Question Type : MCQ

Question ID : 426778288
Status : Answered
Chosen Option : C
Marks : -1/4

Q.4 The traditional approach to supply management is best described as multiple sourcing.
With implementation of TQM most organization are adopting an approach to supply
management, based on mutual trust, which can be referred to as _______.
Ans A. Single Sourcing

B. In-sourcing

C. Buffering

D. Value Sourcing

Question Type : MCQ

Question ID : 426778229
Status : Answered
Chosen Option : D
Marks : -1/4
Q.5 A promissory note or bill of exchange, in which no time for payment is specified can be
called a _________.
Ans A. Void Negotiable instrument

B. Suspended instrument

C. Instrument payable on demand

D. Time barred instrument

Question Type : MCQ

Question ID : 426778298
Status : Answered
Chosen Option : C
Marks : 1

Q.6 The movement of material from the receiving docks directly to the shipping dock is called
________.
Ans A. Logistic switching

B. Cross docking

C. Inbound to outbound transfer

D. Quick transfer

Question Type : MCQ

Question ID : 426778273
Status : Answered
Chosen Option : C
Marks : -1/4

Q.7 Purchase personnel need to talk to suppliers' representatives while negotiating, placing oral
or written orders. The ability to express clearly and convincingly are important traits. Which
of the following ability do you think will be needed?
Ans A. Multi-tasking ability

B. Ability to sell

C. Good communication ability

D. High technical ability

Question Type : MCQ

Question ID : 426778246
Status : Answered
Chosen Option : C
Marks : 1

Q.8 Recording technique for Micro-motion study is called _______.

Ans A. MMS chart

B. SIMO chart

C. Rapid Motion chart

D. MTM chart

Question Type : MCQ

Question ID : 426778261
Status : Answered
Chosen Option : B
Marks : 1
Q.9 Accounts payable, wages or salaries payable, unearned revenues, short-term notes payable,
and the current portion of long-term debt are examples of _______.
Ans A. Long-term liabilities

B. Operating liabilities

C. Current liabilities

D. Accounting liabilities

Question Type : MCQ

Question ID : 426778252
Status : Answered
Chosen Option : D
Marks : -1/4

Q.10 Which one of the following statements goes against the primary objectives of Materials
Management?
Ans A. Cordial relation with suppliers

B. Low inventory turnover

C. Maintenance of good inventory records

D. Low cost of acquisition and possession

Question Type : MCQ

Question ID : 426778226
Status : Answered
Chosen Option : D
Marks : -1/4

Q.11 Man-machine chart is used to indicate the various activities done by man and machine. The
basic idea behind such chart is to visually aid in highlighting the possibility of _________.
Ans A. Improving efficiency of machine over man

B. Better coordination between man and machine

C. Improving efficiency of man over machine

D. Standardizing the time of man and machine

Question Type : MCQ

Question ID : 426778260
Status : Answered
Chosen Option : D
Marks : -1/4

Q.12 Which of the following is RIGHT statement for “Crossing after Issue” under The Negotiable
Instrument Act, 1881?
Ans A. Where a cheque is crossed generally, the holder may cross it specially.

B. Where a cheque is uncrossed, the holder may not cross it generally or specially.

C. Where a cheque is crossed specially, the banker to whom it is crossed may again
cross it specially to another banker.
D. Where a cheque is crossed generally, or specially, the holder may not add the words
"not negotiable".

Question Type : MCQ

Question ID : 426778301
Status : Answered
Chosen Option : D
Marks : -1/4
Q.13 In time study, actual performance is studied by collecting data while the worker is working
and the data so obtained are synthesized into the _________.
Ans A. Time standard

B. Normalized time

C. Estimated time

D. Observed time

Question Type : MCQ

Question ID : 426778262
Status : Answered
Chosen Option : A
Marks : 1

Q.14 The first part of the process like taking the enquiry from the customer, checking availability
of material, promising a delivery date is known as ________.
Ans A. Order management

B. Warehouse Planning

C. Customer relation management

D. Designing customer service

Question Type : MCQ

Question ID : 426778271
Status : Answered
Chosen Option : C
Marks : -1/4

Q.15 Which of the following type of store is used as an intermediate storage place where semi-
processed parts are stored for some time before they are moved to next stages of
operation?
Ans A. Receiving Stores

B. Work-in-progress Store

C. Raw material Store

D. Stationery Stores

Question Type : MCQ

Question ID : 426778232
Status : Answered
Chosen Option : B
Marks : 1

Q.16 Which of the following is the estimated worth of an asset at the end of its estimated useful
life?
Ans A. Retired value

B. Residual value

C. Depreciated value

D. Scrap value

Question Type : MCQ

Question ID : 426778249
Status : Answered
Chosen Option : B
Marks : 1
Q.17 One of the limitations of traditional ERP was that the system represented _________ process
for determining material requirement and balancing capacity.
Ans A. inconsistent

B. sequential

C. flexible

D. parallel

Question Type : MCQ

Question ID : 426778282
Status : Answered
Chosen Option : B
Marks : 1

Q.18 The means of improving ways and means of doing things is called ________.
Ans A. Time study

B. Method study

C. Multi-tasking

D. Job enrichment

Question Type : MCQ

Question ID : 426778256
Status : Answered
Chosen Option : B
Marks : 1

Q.19 Today the growing use of web-based ordering by companies has facilitated ordering _______
because of reduced cost of ordering and fulfilment costs to customers.
Ans A. Annual quantity

B. Small lots

C. Large lots

D. Bulk quantities

Question Type : MCQ

Question ID : 426778305
Status : Answered
Chosen Option : B
Marks : 1

Q.20 Maxx Private Limited company agrees to fabricate a machine as per the sample and
specification agreed and approved by a Buyer and deliver the machine in 3 months’ time to
the Buyer for the negotiated price. This is _______.
Ans A. Conditional Contract

B. Future Contract

C. A contract of Sale of goods

D. An agreement to sell

Question Type : MCQ

Question ID : 426778291
Status : Answered
Chosen Option : C
Marks : -1/4
Q.21 A business letter must appeal to the reader’s interest and induce him or her the proper
mood. One way of achieving this when writing a business letter is by _______.
Ans A. Place yourself in the position of your correspondence and anticipate their reactions

B. Always end with an apology

C. Calling personally before sending the letter

D. Use the most expensive stationary

Question Type : MCQ

Question ID : 426778247
Status : Answered
Chosen Option : A
Marks : 1

Q.22 Work Study is a means of enhancing the production efficiency of the firm by _________.
Ans A. elimination of work systems

B. elimination of unnecessary operations

C. elimination of work processes

D. elimination of workforce

Question Type : MCQ

Question ID : 426778257
Status : Answered
Chosen Option : B
Marks : 1

Q.23 Which of the following is the CORRECT opening for a letter announcing a change in a
company to its customer?
Ans A. As of May 2, we are relocating our Delhi office. Please note the new address.

B. We are moving our Delhi office in May.

C. We are moving our Delhi office in May. Please note our new address.

D. We are moving our office.

Question Type : MCQ

Question ID : 426778248
Status : Answered
Chosen Option : A
Marks : 1

Q.24 Consultation between purchasing and _________ department may be necessary when
purchase department develops a supplier for new components.
Ans A. Marketing department

B. Design department

C. Accounts department

D. Human Resource

Question Type : MCQ

Question ID : 426778228
Status : Answered
Chosen Option : B
Marks : 1
Q.25 There are many ways to calculate depreciation. The most frequently used method is _______.
Ans A. usage, time and value based

B. usage-based

C. usage and time based

D. time-based

Question Type : MCQ

Question ID : 426778250
Status : Answered
Chosen Option : A
Marks : -1/4

Q.26 Which of the following statement is NOT correct in regards to material handling
importance?
Ans A. Material handling do not add value to the product but they add cost

B. Efficient material handling is important to manufacturing operations

C. The material procurement process in any industry can be viewed as a series of steps
involving handling of material
D. Plant layout and material handling are not part of design of a production facility

Question Type : MCQ

Question ID : 426778235
Status : Answered
Chosen Option : A
Marks : -1/4

Q.27 The success of supply chain in defined in terms of supply chain profitability for all partners
in the chain. This profitability has to come from the supply chain revenue. The source of
revenue for any supply chain is _________.
Ans A. All channel partners

B. The suppliers, retailers and customers

C. The customer

D. The suppliers and retailers

Question Type : MCQ

Question ID : 426778281
Status : Answered
Chosen Option : A
Marks : -1/4

Q.28 Amit and Jain form a business partnership where there is no fixed term agreed for the
duration of the partnership. According to Section 7 of the Indian Partnership Act 1932 this
will be deem to be _______.
Ans A. Particular Partnership

B. Partnerships at Will

C. Invalid Partnership

D. General Partnership

Question Type : MCQ

Question ID : 426778292
Status : Answered
Chosen Option : D
Marks : -1/4
Q.29 As per section 182 of The Indian Contract Act 1872, an "agent" is a person employed to do
any act for another, or to represent another in dealings with third persons. The person for
whom such act is done, or who is so represented, is called _______.
Ans A. the “co-agent”

B. the “partner”

C. the "principal”

D. the “employer”

Question Type : MCQ

Question ID : 426778287
Status : Answered
Chosen Option : C
Marks : 1

Q.30 Simultaneous motion cycle chart (SIMO chart) is a recording technique for _______.
Ans A. Rapid motion study

B. Micro-motion study

C. Repetitive motion study

D. Man-machine motion study

Question Type : MCQ

Question ID : 426778267
Status : Answered
Chosen Option : B
Marks : 1

Q.31 In using acceptance sampling plan there is a finite probability that the lot may be accepted
even if the quality is not really good. This type of risk is known as _________.
Ans A. Producer's risk

B. Material risk

C. Process risk

D. Consumer's risk

Question Type : MCQ

Question ID : 426778278
Status : Answered
Chosen Option : D
Marks : 1

Q.32 Once the purchase requisition is received and understood clearly, the purchase department
sends a _______ to all potential suppliers asking them to furnish prices and terms and
conditions relevant to the item.
Ans A. purchase quotation

B. request document

C. purchase invoice

D. purchase order

Question Type : MCQ

Question ID : 426778238
Status : Answered
Chosen Option : A
Marks : -1/4
Q.33 Under The Sale of Goods Act 1930 states which one of the following CANNOT be
considered as “Goods”?
Ans A. Crops

B. Grass

C. Actionable claims

D. Shares

Question Type : MCQ

Question ID : 426778289
Status : Answered
Chosen Option : C
Marks : 1

Q.34 One of the advantages of Work Study is ________.

Ans A. it helps in standardization

B. it helps in elimination of human work

C. it helps in simplification

D. it helps in standardization and simplification

Question Type : MCQ

Question ID : 426778258
Status : Answered
Chosen Option : D
Marks : 1

Q.35 Two parties make a limited liability partnership agreement and subsequently some changes
are made in the agreement. The changes made therein shall be _______.
Ans A. ratified with the Registrar with prescribed fees

B. filed with the Registrar with prescribed fees

C. filed with the Registrar without any fees

D. any subsequent changes makes the agreement void

Question Type : MCQ

Question ID : 426778294
Status : Answered
Chosen Option : A
Marks : -1/4

Q.36 Which of the following is a contract in which a party promises to protect the other from loss
caused by the conduct of the promisor himself, or by any other person?
Ans A. contract of liability

B. continuing guarantee

C. contract of guarantee

D. contract of indemnity

Question Type : MCQ

Question ID : 426778284
Status : Answered
Chosen Option : D
Marks : 1
Q.37 The maker of a bill of exchange or cheque is called the _______.
Ans A. payer

B. drawee

C. drawer

D. payee

Question Type : MCQ

Question ID : 426778297
Status : Answered
Chosen Option : D
Marks : -1/4

Q.38 A negotiable instrument dated 30th August, 2020, is made payable 3 months after date.
Which of the following is the maturity date of the instrument?
Ans A. The instrument is at maturity on the 30th December, 2020

B. The instrument is at maturity on the 30th November, 2020

C. The instrument is at maturity on the 3rd December, 2020

D. The instrument is at maturity on the 3rd November, 2020

Question Type : MCQ

Question ID : 426778299
Status : Answered
Chosen Option : B
Marks : -1/4

Q.39 Keeping the record of incoming and outgoing materials is one of the important functions of
the storekeeper. Recording stock movement and balance in terms of financial value is
known as ______.
Ans A. Stock taking

B. Stores accounting

C. Recording the usage value

D. Recording the cost of purchasing process

Question Type : MCQ

Question ID : 426778231
Status : Answered
Chosen Option : D
Marks : -1/4

Q.40 Which of the following action may an outgoing partner do under section 36 of Indian
Partnership Act 1932?
Ans A. May carry on a business competing without use of the firm name

B. May represent himself as carrying on the business of the firm

C. May solicit the custom of persons who were dealing with the firm before he ceased
to be a partner
D. May carry on a business competing with that of the firm unconditionally

Question Type : MCQ

Question ID : 426778295
Status : Answered
Chosen Option : B
Marks : -1/4
Q.41 If you are sending an e-mail to someone you don't know, you should _______.
Ans A. be more personal

B. be more formal

C. be more casual

D. be more legal

Question Type : MCQ

Question ID : 426778244
Status : Answered
Chosen Option : B
Marks : 1

Q.42 Although the steps in the procurement process are standard, there are several procedural
variations with respect to purchasing in every organization. However, in a vast majority of
public-sector and government procurements _______ is adopted.
Ans A. single sourcing

B. local source

C. tendering process

D. multiple sourcing

Question Type : MCQ

Question ID : 426778240
Status : Answered
Chosen Option : C
Marks : 1

Q.43 A machine has a manufacturer’s suggested life of 10 years but a business has a policy of
keeping machine for only 2 years. The useful life for depreciation purposes would therefore
be _______.
Ans A. 10 years

B. 2 years

C. Average of 2 and 10 years

D. Time till the machine is scrapped

Question Type : MCQ

Question ID : 426778253
Status : Answered
Chosen Option : C
Marks : -1/4

Q.44 Accounting is the process of identifying, measuring, recording, and communicating an

organization’s economic activities to users for decision making. Internal users work for the
organization while external users do not. Which of the following serves the decision-making
needs of external users?
Ans A. Financial auditing

B. Financial statement

C. Financial accounting

D. Managerial accounting

Question Type : MCQ

Question ID : 426778254
Status : Not Answered
Chosen Option : --
Marks : 0
Q.45 Which of the following CANNOT be considered as a technique of work measurement?
Ans A. Work sampling

B. Job design

C. Time study

D. Analytical estimating

Question Type : MCQ

Question ID : 426778265
Status : Answered
Chosen Option : A
Marks : -1/4

Q.46 A telephone call is a good way to discuss options and to make decisions on cost, payment
methods and other negotiable items. A letter confirms arrangement made on the phone.
This confirmation gives _______.
Ans A. a formal assurance

B. guarantee for quick payment

C. everybody all the information in writing

D. backup assurance of the order

Question Type : MCQ

Question ID : 426778245
Status : Answered
Chosen Option : C
Marks : 1

Q.47 Work study concerns itself with better ways of doing things and control over the output of
those things by settings _________ with respect to time.
Ans A. output goals

B. standards

C. targets

D. average time

Question Type : MCQ

Question ID : 426778263
Status : Answered
Chosen Option : A
Marks : -1/4

Q.48 Standard time for any job is the time allowed to an operator to carry out the specified task
under specified condition and defined _______.
Ans A. work environment

B. work culture

C. level of standards

D. level of performance

Question Type : MCQ

Question ID : 426778269
Status : Answered
Chosen Option : C
Marks : -1/4
Q.49 A proposer proposes to sell his property to a buyer at a certain price. The proposal is
communicated through a letter. Which of the following is a valid statement?
Ans A. The communication of the proposal is complete when buyer receives the letter.

B. The communication of the proposal is complete when buyer reads the letter.

C. The communication of the proposal is complete when proposer posts the letter.

D. The communication of the proposal is complete when buyer reads and confirms to
the proposer.

Question Type : MCQ

Question ID : 426778285
Status : Answered
Chosen Option : D
Marks : -1/4

Q.50 Debts owed to creditors for goods purchased or services received as a result of day-to-day
operating activities is called _______.
Ans A. Credit notes

B. Debit notes

C. Accounts payable

D. Accounts receivable

Question Type : MCQ

Question ID : 426778251
Status : Answered
Chosen Option : C
Marks : 1

Q.51 There are 3 basic ways of locating stocks: Fixed location, Random Location and Zoned
Location. Which of the following locating method results in quick finding of stock but it
implicates the waste of space?
Ans A. Fixed Location

B. Random Location

C. Zoned Location

D. The locating method does not matter

Question Type : MCQ

Question ID : 426778233
Status : Answered
Chosen Option : C
Marks : -1/4

Q.52 Which of the following is the systematic recording and critical examination of existing and
proposed ways of doing work, as a means of developing and applying easier and more
effective methods and reducing cost?
Ans A. Operator study

B. Time study

C. Motion study

D. Method study

Question Type : MCQ

Question ID : 426778270
Status : Answered
Chosen Option : D
Marks : 1
Q.53 Under 'The Limited Liability Partnership Act, 2008', LLP is a body corporate and legal entity
separate from its partners, have Perpetual succession and any change in _______ of LLP
shall NOT affect the existence, rights or liabilities of the LLP.
Ans A. the partners

B. financial commitment

C. profit sharing

D. agreement

Question Type : MCQ

Question ID : 426778293
Status : Answered
Chosen Option : A
Marks : 1

Q.54 Which of the following is the process of adjusting the actual pace of working of an operator
by comparing it with the mental picture of pace of an operator working at normal speed?
Ans A. Job rating

B. Performance rating

C. Speed rating

D. Worker rating

Question Type : MCQ

Question ID : 426778264
Status : Answered
Chosen Option : B
Marks : 1

Q.55 Computerization of all records in the stores will help _________.

Ans A. increasing stock levels

B. increase in stocking space

C. duplicate stocks in stores

D. in maintaining up-to-date stock levels

Question Type : MCQ

Question ID : 426778304
Status : Answered
Chosen Option : D
Marks : 1

Q.56 The process of planning, analyzing and interaction between the buyer and seller to arrive at
a mutually acceptable agreement is called _______.
Ans A. Business commitment

B. Negotiation

C. Contract

D. A legally binding contract

Question Type : MCQ

Question ID : 426778279
Status : Answered
Chosen Option : B
Marks : 1
Q.57 Which of the following statement is TRUE for a Supply Chain?
Ans A. Supply Chain includes manufacturer, suppliers, transporters, warehouse, retailers and
even customers.
B. Supply Chain includes manufacturer, suppliers, warehouse, and retailers.

C. Supply Chain includes manufacturer, suppliers, transporters, warehouse, and

retailers.
D. Supply Chain includes manufacturer, suppliers, and retailers.

Question Type : MCQ

Question ID : 426778227
Status : Answered
Chosen Option : C
Marks : -1/4

Q.58 Supplier performance analysis should be used to build a portfolio of ________.

Ans A. supplier of different locations

B. supplier of complementary strengths

C. supplier of same levels of performance

D. supplier with equal strength

Question Type : MCQ

Question ID : 426778241
Status : Answered
Chosen Option : C
Marks : -1/4

Q.59 Companies use different stock valuation methods. Which of the following method of stock
valuation ensures that materials are issued at actual cost and stocks are valued as per the
price paid and normally accepted for Income Tax?
Ans A. Weighted average method

B. Average price method

C. LIFO

D. FIFO

Question Type : MCQ

Question ID : 426778237
Status : Answered
Chosen Option : A
Marks : -1/4

Q.60 ISO is the acronym for ___________.

Ans A. International Standards Organization

B. International Study of Organization

C. International Organization for Standardization

D. International Safety Organization

Question Type : MCQ

Question ID : 426778276
Status : Answered
Chosen Option : A
Marks : -1/4
Q.61 A worker needs time to attend to personal physical needs such as drinking water etc. which
is reflected in the __________ added to the Normal Time.
Ans A. Personal allowance

B. Fatigue allowance

C. Work-load allowance

D. Policy allowance

Question Type : MCQ

Question ID : 426778266
Status : Answered
Chosen Option : A
Marks : 1

Q.62 When a seller auctions an item and several buyers bid for the item, price moves up from the
time the auction begins and seller often fetches a much higher price than the opening price.
This is a case of _______.
Ans A. Reverse Auction

B. Forward Auction

C. Contactless Purchasing

D. Digital Purchasing

Question Type : MCQ

Question ID : 426778239
Status : Answered
Chosen Option : A
Marks : -1/4

Q.63 A business may choose which one of the following to calculate cost of goods and the
resulting ending inventory based on an assumed flow?
Ans A. weighted average

B. Any one of the three methods - specific identification, FIFO, or weighted average

C. specific identification

D. FIFO

Question Type : MCQ

Question ID : 426778255
Status : Answered
Chosen Option : C
Marks : -1/4

Q.64 A control chart is a __________ of the process status.

Ans A. Computer representation

B. Mathematical representation

C. Graphical representation

D. Tabulated representation

Question Type : MCQ

Question ID : 426778277
Status : Answered
Chosen Option : C
Marks : 1
Q.65 The logistic manager often must utilize different transport modes to deliver a product to the
customer. Such mode of transport is called _______.
Ans A. Multi-mix transportation

B. Flexible-modal transportation

C. Intra-model transportation

D. Intermodal transportation

Question Type : MCQ

Question ID : 426778272
Status : Answered
Chosen Option : C
Marks : -1/4

Q.66 One of the objectives of material handling is reduction in cycle time through faster
movement of the material and reducing the distance moved. Reduction in manufacturing
cycle time results in _______.
Ans A. Reduction variety of material used

B. Reduction in WIP inventory cost

C. Reduction in volume

D. Reduction in material consumption

Question Type : MCQ

Question ID : 426778236
Status : Answered
Chosen Option : B
Marks : 1

Q.67 Which of the following determines the best carriers and models of transportation based on
price, due date, contract requirements and other constraints?
Ans A. Driver skill

B. Transport channel

C. Mode optimization

D. Warehouse location

Question Type : MCQ

Question ID : 426778274
Status : Answered
Chosen Option : D
Marks : -1/4

Q.68 A cheque is issued and it bears across its face an addition of the banker’s name but without
writing ‘not negotiable’. This is _______.
Ans A. Not a Valid Cheque

B. Restrictive Cheque Crossing

C. General Cheque Crossing

D. Special Cheque Crossing

Question Type : MCQ

Question ID : 426778300
Status : Answered
Chosen Option : B
Marks : -1/4
Q.69 A bill of exchange has been dishonoured by non-payment and the holder has the dishonour
to be noted and certified by a notary public. Such certificate is called _______ for better
security.
Ans A. a protest

B. due notice

C. notice of dishonour

D. a noting

Question Type : MCQ

Question ID : 426778302
Status : Answered
Chosen Option : C
Marks : -1/4

Q.70 Which one of the following stock verification methods, verifies stocks once a year,
necessitating shutting down the production operation and organizing a special crew for
inventory job?
Ans A. Low Point Inventory method

B. Virtual Inventory method

C. Fixed or Periodic verification

D. Perpetual or continuous inventory approach

Question Type : MCQ

Question ID : 426778234
Status : Answered
Chosen Option : D
Marks : -1/4

Q.71 There are advantages in having vertical storages because warehouse efficiency is often
judged on turnover per ________.
Ans A. Per kg of material stocked

B. Square meter

C. Units of material stocked

D. Cubic meter

Question Type : MCQ

Question ID : 426778275
Status : Answered
Chosen Option : D
Marks : 1

Q.72 When we place an annual order for an item with a supplier but request him to supply only
when a bona fide shipping requisition is sent. Which of the following methods of purchasing
will we follow?
Ans A. Routine Purchasing

B. Rate Contract

C. System Contracting

D. Blanket Order

Question Type : MCQ

Question ID : 426778242
Status : Answered
Chosen Option : D
Marks : 1
Q.73 The risk of higher procurement costs can be significant when industry-wide demand for the
product exceeds available supply or exchange rates are unfavorable. Which of the following
may help mitigate the risk?
Ans A. A portfolio of long-term contract

B. Avoid purchasing

C. A portfolio of long term and short-term contract

D. A portfolio of short-term contract

Question Type : MCQ

Question ID : 426778243
Status : Answered
Chosen Option : A
Marks : -1/4

Q.74 Amit hires a bank locker service to keep his belongings for a certain period of time. The
bank charges Amit some amount for the service. Which of the following is CORRECT?
Ans A. Bank is bailee

B. Bank is bailor

C. Amit is both bailor and bailee

D. Amit is bailee

Question Type : MCQ

Question ID : 426778286
Status : Answered
Chosen Option : C
Marks : -1/4

Q.75 At which of the following location the goods supplied by vendors are received and inspected
for quality and quantity before these goods are sent to the department holding area?
Ans A. Bonded Store

B. General Store

C. Receiving Store

D. Production Store

Question Type : MCQ

Question ID : 426778230
Status : Answered
Chosen Option : C
Marks : 1

Q.76 Which of the following is a stipulation which is essential to maintain the main purpose of
the contract and breach of which may give rise to treat the contract as repudiated?
Ans A. Condition

B. Warranty

C. Disclaimer

D. Guarantee

Question Type : MCQ

Question ID : 426778290
Status : Answered
Chosen Option : A
Marks : 1
Q.77 Amit and Bala are sureties to the Bank for the sum of 6,000 rupees lent to Raju. Bala is not
aware Amit is a co-surety for the same loan to Raju. If Raju makes default in payment,
which of the following will apply as per The Contract Act 1872?
Ans A. Amit and Bala both are not liable as they are unaware of each other

B. Amit is liable as he is the first surety

C. Amit and Bala are both liable to pay equally

D. Bala is not liable as he is unaware of the other surety

Question Type : MCQ

Question ID : 426778283
Status : Answered
Chosen Option : D
Marks : -1/4

Q.78 Predetermined times are the tabulated values of _______ required to perform individual
movements such as moving an arm from one position to another, etc.
Ans A. Maximum time

B. Average time

C. Minimum time

D. Normal time

Question Type : MCQ

Question ID : 426778259
Status : Answered
Chosen Option : A
Marks : -1/4

Q.79 Four businessmen A, B, C, D form a partnership for the manufacturing business. Fraud of ₹
5 Lakh is committed by B. Consequently who must pay compensation for damage caused to
the company due to fraud?
Ans A. The liability to indemnify for fraud is excluded by entering a partnership

B. There is no provision in this act to hold B liable for fraud

C. Here B must pay compensation for the damage caused to the company

D. All co-partners A, C and D are responsible and so must pay the compensation

Question Type : MCQ

Question ID : 426778296
Status : Answered
Chosen Option : A
Marks : -1/4

Q.80 Implementing Supply Chain management may help an organization to ________.

Ans A. increase transport speed

B. reduce its logistic

C. reduce workforce

D. gain competitive advantage

Question Type : MCQ

Question ID : 426778280
Status : Answered
Chosen Option : B
Marks : -1/4

Section : Basic Knowledge of GeM

Q.1 Which of the following is an advantage of buying on GeM?
Ans A. Provide transparency and ease of buying

B. Direct purchase for amount up to INR 5,00,000

C. Only single consignee can be selected for services

D. Decentralized payment system

Question Type : MCQ

Question ID : 426778307
Status : Answered
Chosen Option : A
Marks : 1

Q.2 To improve fair participation in Bid GeM now ensures that at least 3 sellers have
participated and offered products from _________.
Ans A. at least 1 OEM

B. at least 3 different OEMs

C. at least 2 different OEMs

D. Such options does not exists

Question Type : MCQ

Question ID : 426778310
Status : Answered
Chosen Option : B
Marks : -1/4

Q.3 Reason GeM is a far better system than the existing one because __________.
Ans A. For high value bids on GeM, Bank Guarantee is not required

B. GeM does a 100% online verification of all vendors irrespective of the value of
procurement
C. GeM does not require verification of vendors irrespective of the value of procurement

D. All the documents on GeM do not require to be e-Signed at various stages by the
buyers and sellers

Question Type : MCQ

Question ID : 426778308
Status : Answered
Chosen Option : D
Marks : -1/4

Q.4 GeM has been envisioned as a trust based system, and this shall be the basis for many
decisions on the platform. In order to effectively implement this system, GeM shall institute
a set of internal checks and controls. A key aspect amongst these shall be GeM maintaining
__________.
Ans A. An audit trail

B. Vendor assessment

C. Buyer and Seller rating

D. Quality assurance

Question Type : MCQ

Question ID : 426778315
Status : Answered
Chosen Option : A
Marks : 1
Q.5 One of the GeM platform’s key objectives is to allow sellers, big and small, to gain direct
access to Government buyers. This is characterized by which of following core elements?
Ans A. Fairness

B. Exclusiveness

C. Inclusiveness

D. Openness

Question Type : MCQ

Question ID : 426778312
Status : Answered
Chosen Option : C
Marks : -1/4

Q.6 GeM is collaborating with MSME ecosystem with special focus on entrepreneurs from the
Scheduled Caste/ Schedule Tribes. This is based on the objective of achieving the
mandatory procurement goal of ___________.
Ans A. 100 percent from MSMEs

B. 10 percent from MSMEs

C. 50 percent from MSMEs

D. 25 percent from MSMEs

Question Type : MCQ

Question ID : 426778309
Status : Answered
Chosen Option : D
Marks : 1

Q.7 Mid value transactions that allow the buyer to directly procure from the L1 seller after
comparing all available sellers on the platform is which buying mode?
Ans A. Direct Purchase

B. Reverse Auction

C. E-bid

D. Direct Purchase with L1

Question Type : MCQ

Question ID : 426778314
Status : Answered
Chosen Option : A
Marks : -1/4

Q.8 There are three facets to defining the scope of operations for the GeM platform, which are
those?
Ans A. Whom, how and when

B. When, what and how

C. Who, What and How

D. How much, where, when

Question Type : MCQ

Question ID : 426778313
Status : Answered
Chosen Option : D
Marks : -1/4
 Q.9 Which of these is NOT a Gem Charter?
Ans A. GeM shall provide decision support to help users achieve optimal value-for-money

B. Gem shall provide a complete end-to-end procurement system with wide contact
with suppliers and buyers with full documentation
C. GeM shall cover the entire procurement process right from vendor registration to
order fulfillment and payment
D. GeM shall bring about standardization in the procurement process and ensure
adherence to timely delivery and payment

Question Type : MCQ

Question ID : 426778311
Status : Answered
Chosen Option : B
Marks : 1

Q.10 Which of the following is one stop portal to facilitate online procurement of common use
Goods & Services required by various Government Departments / Organizations / PSUs?
Ans A. e-Procurement

B. DGS & D

C. CPPP

D. Government e-Marketplace

Question Type : MCQ

Question ID : 426778306
Status : Answered
Chosen Option : D
Marks : 1

Section : Statistics

Q.1

Ans A. 36/13

B. 6.5

C. 13/36

D. 6

Question Type : MCQ

Question ID : 426778319
Status : Answered
Chosen Option : C
Marks : -1/4

Q.2

Ans A. 1.875

B. 0.1333

C. 7.5

D. 0.5333

Question Type : MCQ

Question ID : 426778317
Status : Answered
Chosen Option : A
Marks : -1/4
Q.3

Ans A. (10,11)

B. (10,16)

C. (13,16)

D. (8,5)

Question Type : MCQ

Question ID : 426778320
Status : Answered
Chosen Option : D
Marks : -1/4

Q.4 Karl Pearson’s coefficient of correlation has which of the following characteristics?

(I) It is independent of the units of X and Y.

(II) It is independent of change of origin and scale.
(III) It is based on all the observations.
(IV) It varies between −1 and +1.
Ans A. Only (IV) and (II)

B. All (IV), (III), (II) and (I)

C. Only (IV), (II) and (I)

D. Only (IV)

Question Type : MCQ

Question ID : 426778318
Status : Answered
Chosen Option : C
Marks : -1/4

Q.5

Ans A. 105.67

B. 120.87

C. 112.72

D. 116.32

Question Type : MCQ

Question ID : 426778316
Status : Answered
Chosen Option : A
Marks : -1/4