MCQ in English
- Purchase of imported WTA items is handled by
(a) RWF (b) ICF (c) Zonal Railways (d) Railway Board
Ans.d - Time elapsed from the date of realization of need of recoupment to the physical receipt of material is termed as (a) Buffer time (b) Interim period (c) Contract period (d) Lead time
- Stock which provide for an emergency in case of default by the suppliers and also to take care of fluctuations in consumptions, is known as
(a) Emergency stock b) Buffer stock (c) Ordinary stores (d) Custody stock
Ans.b - Money allotted for purchase of stock items is called:
(a) Purchase money b) Purchase balance (c) Purchase suspense (d) Purchase grant
Ans.d - The detailed distribution of budget allotment made to railway administrations is contained in :
(a)Yellow book (b)Green book (c)Pink Book (d)White Paper
Ans.c - In case of Rate Contract:
(a)Quantity. Rate., Consignee is stipulated (b)Only rate is stipulated Quantity and Rate is stipulated (d)Quantity, rate and Delivery Period is stipulated.
Ans.b - Which among following is not a material inspecting agency:
(a)RDSO (b)DOI (c)IRTS (d)RITES
Ans.c - As per IRS conditions of contract, what is the maximum period from the date of receipt of material in which material pre-inspected at the firm’s premises can be rejected at consignee end, if found unsuitable?
(a)30 days (b)45 days (c)60 days (d)90 days
Ans.d - Buffer Stock is also known as:
(a)Critical stock (b)Safety Stock (c)Inactive stock (d)emergency stock
Ans.b - Disposal of scrap may be done by
(a)Auction (b)Sale by tender (c)Sale to other Govt. department and undertakings (d)All above
Ans.d - EOQ is the Quantity at which –
(a)Inventory carrying cost is maximum (b)Warehousing cost is minimum (c)Inventory carrying cost + ordering cost is maximum (d)Inventory carrying cost + ordering cost is minimum
Ans.d - Which is the System of Recoupment to be followed for recouping Emergency stores ?
(a)Maxima - Minima (b)Periodic review (c)Base stock (d)Combination of (A) & (B)
Ans.c - In ABC analysis, which items are given more attention from inventory control point of view ?
(a)A Category (b)B Category (c)C Category (d)Equal attention to all
Ans.a - Which of the following analysis gives more attention to the service level:-
(a)ABC Analysis (b)VED Analysis (c)FSN Analysis (d)XYZ Analysis
Ans.b - Surplus items are:-
(a)Item not moved for 12 months (b)Item not moved for 24 months (c)Item having more than 12 month Stock (d)None of these
Ans.b - Railway Stores have been classified into:-
(a)36 groups (b)49 groups (c)75 groups (d)56 groups
Ans.c - First two digits in any price list No represent:-
(a)Part Number (b)Specification Number (c)Drawing Number (d)Group Number
Ans.d - Unified PLs reduces the possibility of:-
(a)Duplicate PL Nos. (b)Non-Uniformity over Indian Railways (c)Non-Standardization of Items (d)All of the above
Ans.d - In order to avoid any contingency, stock at reorder level has to be …:-
(a)More than lead time requirement. (b)Less than lead time requirement. (c)Equal to lead time requirement. (d)Does not have any relation
Ans.a - Economic order quantity (EOQ) is determined by optimising between:-
(a)Demand and Supply (b)Ordering cost and Carrying cost (c)Budgets and Service level (d)User and Accounts department
Ans.b - In Indian Railways 'A' category items represent what percentage of total consumption value?
(a)50% (b)90% (c)65% (d)70%
Ans.d - In a PL No. the subgroup to which the item belongs to is represented by –
(a)First two digits (b) 3rd and 4th digits (c)5th and 6th digits (d)2nd and 3rd digits
Ans.b - At the time of review, it is revealed that an item is not issued to any user for past 26 months but the item is likely be issued in next 22 months. This item will be classified as –
(a)Dead Surplus (b)Custody stores (c)Movable surplus (d)Imprest stores
Ans.c - Buffer stock limit depends on –
(a)ABC classification of the item (b)VED /Safety classification of the item (c)Combination of (A) & (B) (d)Stock and Non-stock classification of the items
Ans.c - Buffer stock is provided –
(a) To meet unforeseen requirement (b) To supply items to other users (c) To make good shortfall due to theft, deterioration (d)To have items out of stock
Ans.a - In a VED analysis "V" stands for –
(a)Vague items (b)Very costly items (c)Vital item (d)Variety of items
Ans.c - Item not required for the purpose for which it was originally purchased is known as –
(a)Inactive item (b)Scrap item (c)Over stock item (d)Emergent stock item
Ans.b - Inactive items are those stock items, stock of which –
(a)) is unserviceable (b) more than 3 months old (c)has not been issued to any user for past 12 months (d)is more than the requirement of next 24 months
Ans.c - Supplier has to deposit SD within __________ of issue of LOA(Letter of Acceptance).
(a) 30 days (b) 10 days (c)14 days (D) 5 days
Ans.c - Head of Stores Dept at Railway Board is _________
(a) Member /Rolling Stock (b) Member/Engineering (c) DG(RS)- Director General of Railway Stores (d) Member /Material Management
Ans.d - EMD rounded off to nearest higher _______ in Stores Contracts
(a) Rs.10 (b) Rs.1 (c)Rs.100 (D) Rs. 5
Ans.a - On introduction of ------------ in the Stores organization the integration of Stores Ledgers of all Depots of a Zonal Railway is taken place to avoid accumulation of over stocks.
(a) MMIS (b) IPAS (c) iMMS (d) AIMS
Ans.c
Ans.d
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