Q.1

A construction estimate is used

  • to judge tentatively or approximate value of the project
  • to produce a statement of the approximate cost
  • to decide an approximation of the value of the project and not the exact cost.
  • None of these
Q.2

Pick up the correct statement from the following:

  • Engineering economy is a collection of mathematical techniques which simplify economic comparisons
  • Engineering economy is a decision assistance tool by which one method will be chosen as the most economically one.
  • For understanding the engineering economy, one should be able to classify the basic terminology and fundamental concepts of economy.
  • All of these.
Q.3

Pick up the element of the cost from the following:

  • direct material
  • direct labour
  • Over head
  • All of these
Q.4

Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following:

  • Base unit method
  • Cost per function method
  • Cost per square metre method
  • Cost per cubic metre method
  • Cost per linear metre method
Q.5

Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by :

  • architect/engineer
  • construction manager
  • owner himself/herself
  • construction manager
  • None of these
Q.6

The estimator for definitive estimates must be able :

  • and an all-around construction expert.
  • to read the plans and specifications to determine accurate quantities of permanent materials and installed Equipment.
  • to express the job material requirements in dimensions suitable for costing and construction supplies.
Q.7

Pick up the correct method adopted for developing the approximate or conceptual estimates from the following :

  • Base unit method
  • Cost per function method
  • Cost per square metre
  • Cost per linear unit
  • All of these
Q.8

The construction manager uses the estimate of the project

  • to tell the owner of the project to take his/her financial decision.
  • to advise the architect/engineer regarding design cost parameter especially in value engineering analysis.
  • to develop bids on the project.
  • to control the project during its construction.
  • All of these
Q.9

The financial analysis :

  • helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment.
  • helps a bank to know the financial position of the firm for granting a loan to the firm.
  • helps to judge the success of the firm's financial plans.
  • All of these.
Q.10

A construction estimate is used

  • to judge tentatively or approximate value of the project
  • to produce a statement of the approximate cost
  • to decide an approximation of the value of the project and not the exact cost.
  • None of these
Q.11

In the cash-flow diagram shown in the given figure

  • Equal deposits of Rs 3000 per year (A) are made, starting now.
  • The rate of interest is 10% per yearaccount
  • The amount accumulated after the seventh deposit is to be computed
  • All of these
Q.12

If P is principal amount, i is the rate of interest per annum and n is the number of periods in years, the compound amount factor (CAF) is :

  • (1 + i)n
  • (1 + i)(1/2n)
  • (n + i)
  • None of these
Q.13

Pick up the correct statement regarding financial statement analysis from the following.

  • Final analysis always involves the use of various financial statements i.e., balance sheet and income statement.
  • The balance sheet is the summary of assests, liabilities and owner's equity of business at a point in time.
  • The income statement is the summary of revenues and expenses of a firm over a particular period of time.
  • All the above
Q.14

In the cash-flow diagram shown in the given figure

  • Equal deposits of Rs 3000 per year (A) are made, starting now.
  • The rate of interest is 10% per yearaccount
  • The amount accumulated after the seventh deposit is to be computed
  • All of these
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