Inventory and Management
JKSSB Junior Engineer (Civil) · Construction Planning and Management · 15 practice questions with answers and explanations: 12 Easy, 3 Medium, 0 Hard.
Sample questions
Sample Easy question 1
In VED analysis of stores, the 'V' items are those that are:
- Vital, and whose absence would stop the work
- Valuable only
- Visible
- Variable in price
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Answer: A. E means essential and D means desirable.
Sample Easy question 2
In FIFO issue of stores, the material:
- Received last is issued first
- Is issued at random
- Of the highest price is issued first
- Received first is issued first
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Answer: D. In LIFO, the last in is the first out.
Sample Easy question 3
A control chart in quality control is used to:
- Plan the labour
- Show whether a process stays within its limits over time
- Draw the layout of a site
- Estimate the cost
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Answer: B. Points beyond the control limits show that the process needs attention.
Sample Medium question 4
For an annual demand of 2,000 units, an ordering cost of ₹200 and a holding cost of ₹8 per unit per year, the economic order quantity is about:
- 100 units
- 500 units
- 316 units
- 1,000 units
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Answer: C. EOQ = √(2 × 2,000 × 200 ÷ 8) = √100,000 = 316.
Sample Medium question 5
The demand is 20 units a day, the lead time is 10 days and the safety stock is 50 units. The reorder level is:
- 80 units
- 300 units
- 250 units
- 200 units
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Answer: C. Reorder level = 20 × 10 + 50 = 250 units.
Sample Medium question 6
The fixed cost of a unit is ₹200,000, the selling price is ₹500 per piece and the variable cost is ₹300 per piece. The break-even point is:
- 400 pieces
- 1,000 pieces
- 2,000 pieces
- 667 pieces
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Answer: B. BEP = fixed cost ÷ (price − variable cost) = 200,000 ÷ 200 = 1,000 pieces.