Q1: Which of the following can be separated from the group?

(i)Administrative lead time

(ii) suppliers lead time
(iii) technical lead time
iv) Transporter lead time

Q2: Which of the following cannot be termed as function of material

management ?
(i) sourcing
(ii) Import and Export
(iii) Risk management
(iv) Indenting
Q3: Which of the concept can be taken into consideration while
assessing right time for purchase?
a: Standarization
b : ROL
c: Vendor rating
d :Purchase

Q4:The concept of EOQ is related with

A: quality
B: time
C: contract
D: quantity

Q 5: Which is not the function of stores management ?

A :Preparation of reciept
B : arranging inspection
C : inventory control
D : procurement

Q6 : Which one of the following is a rational technique of modern

storekeeping ?
A: EOQ ,
B : value analysis
C: Accounting
D : Codification

Q 7 : The condition of destination and mode of delivery is specified

in :
A; Indent
B : specification
C : Stores receipt
D : Purchase Order

Q8: After unloading the material at stores , it is initially kept at

A : Inspection Bay
B ; outside the stores
C: inside the stores
D ; send to the indentor

Q9 ; While taking delivery of material , the delivery challan should

be compared carefully with :
A ; Indent
B; technical specfication
C: purchase Order
D : receipt document

Q 10 ; MRR stands for

A : material removal register
B : Maintenance Report Register
C: material receipt register

Q 11 : In some case supplier donot sends dispatch copy or R/R or

G/R to
A : store division
B ; the bank
C: Material Department

Q 12; After accepting the receipt of material in the daily material

receipt , to whom inspection notice is served ;
A ; Stores
B: Material
C : Finance
D : Indentor

Q13: what is the time given for inspector to inspect the material put
at the inspection bay at store ?
A : 2 days
B: 3 days
C : 5 days
D ; 6 days

Q 14: GRS is prepared in how many copies ?

A;3
B:5
C;7
D;8

Q15 ; Which copy of the GRS sent to purchase division ?

A : 1st
B : 2nd
C : 3rd
D : 4th
Q16 :Which of the following is not indicated in the Material Control
Card ( Stock) ?
A : receipt
B : Issue
C : Balance quantity
D : Indent no.

Q17 ;The date and signature of verification of the quantity is noted

in :
A ; Material Control Card
B ; Kardex
C : Goods Receipt sheet
Q 18 : Indent is prepared in how many copies ?
A:3
B:5
C:6
D:4
Q19: Which copy of Indent is retained by the material department ?
A : 3rd
B : 4th
C: 5th
D: 6th
Q20: Which is the basic document for making payment to the
suppliers ?
A : material receipt register
B : purchase order
C : GRS
Q21 : Which of the classification of items is based on stock-value ?
A : FSN
B: ABC
C : XYZ
Q22 ; X,Y,Z items are suggested to be covered under the stock
verification in the consecutive years :
A : 3,4,5 yrs
B : 2,3,4 yrs
C; 1,2,3 yrs
Q 23 ; Physical verification of stores is not essentially resorted for
the purpose ;
A : actual physical balances of stock
B : actual requirement of stock
C : to identify slow moving and non-moving items
D : the receipt , issues and the stocks to be accounted

Q24: Which of the following is not the reason for stock discrepancies
?
A ; weighted differences
B : measurement differences
C : Improper storage
D: none of the above
Q25 ; Which of the following stock verification methods has not
been adopted in the NTPC ?
A : periodical stock verification
B : continous stock verification
C ; verification by Internal auditors
D ; Verification by the external agency .

Q26 ;By whom the surprise verification be done ?

A : a team of three officers comprising Finanace deparment ,
material department , purchase department
B ; a team of at least two officers drawn from departments
other than materials department .
C; two senior officer of material department
D ; By GM/ Head of the Plant .

Q27 ; Stock verifier , appointed specifically for the purpose are

under control of which authority ?
A : General Manager
B ; HOD material
C : CFM/ Head of Finance
D: HOD purchase

Q28: Who is responsible for achieving the target of 100% stock

verification of stores?
A : Head of Finance
B : GM/Plant Head
C: HOD material

Q29: Which of the following can be termed as Preventive method of

controlling inventories ?
A: Watch on the actual receipt
B : accurate forcasting and scheduling
C: monitoring stock levels
D ; quick disposal of slow moving and obsolete stocks .

Q 30 ; which of the following can be termed as corrective action of

controlling inventories?
A : Reduction of procurement lead time
B : Expeditious paper work
C : Monitoring stock level
D : proper material planning and control
1 : ABC Classification is based on
a) Criticality of items
b) Inventory value of items at the year end
c) None of the two
2 : VED classification made on
a) Market availability
b) Annual consumption value of item
c) Criticality of items
d) None
3 : Which technique helps us to identify obsolete items
a) ABC Analysis
b) XYZ analysis
c) FGH analysis
d) Movement analysis
4 : If you take delivery from railways at a later date than prescribed the penalty
imposed on is known as
a) Wharfage charge
b) Obsolete charge
c) Negligent charge
d) Demurrage charge

5 : Valuation of financial year closing of stocks is known as

a) ABC analysis
b) XYZ analysis
c) Stock analysis
d) None of the above
6 : Inventory is a term related to Contracts Management.
a) Yes
b) No
c) Cant say
d) It depends
7 : The time that lapses between raising of purchase requisition by user departments
or stores and receipt and acceptance of materials at stores for issue to user
departments is known as
a) Lead time
b) Running time
c) Time gap analysis
d) None of these
8 : Find the odd one out
a) ABC analysis
b) XYZ analysis
c) Work to Permit
d) VED analysis
9 : CX items are those items whose available stock is exceeding
a) 15 years consumption
b) 5 years consumption
c) 10 years consumption
d) There is no such item known as CX
10 : Purchasing problems with regards to availability in the market can be addressed
through
a) ABC analysis
b) XYZ analysis
c) Markov Analysis
 d) SDE classification
11 : Cost estimate in Purchase Indent helps in determining
a) Who is competent authority
b) How to evaluate bids
c) Both
d) None

12 : Which is not relevant to inventory

a) carrying cost
b) ordering cost
c) waiting cost
d) all of the above are inventory costs
13 : Inventory analysis based on unit rates of items is known as XYZ analysis.
a) True
b) False
c) Cant say
d) There is no such analysis

14 : If we need to store 5 cylinders of toxic or corrosive gases do we need to take the

license from Department of Explosives?
a) No need to take separate license for this purpose
b) Yes
c) No. It is required if it is more then 20 cylinders
d) Both b and c
15 : Which is related to Materials management function
a) ABC analysis
b) XYZ analysis
c) HML analysis
d) All are related
16 : Open tender is also known as Press tender, NIT etc
a) True
b) False

17 : NTPC standard payment term is

a) 100% within 30 days from date of receipt and acceptance of material
b) 100% along with Purchase Order
c) There is no such standard payment term
d) None
18 : SRV means Stores Returned Voucher.
a) Yes
b) No
c) Cant say
19 : MRN is an acronym for
a) Material Return Note
b) Material Requisition Note
c) Material Rating Number
d) Materials Required Notary certification
20 : MTN stands for Material Transfer Note
a) Yes
b) No
21 : Length of lead time effects on inventory holding.
a) True
b) False
22 : High inventory means higher efficiency.
 a) True
b) False
23 : Stores Requisition-cum-issue Voucher can be approved by Any Executive in
Stores department.
a) Yes
b) No
24 : SAS in materials management stands for
a) Stores accounting system
b) Stores analysis scheme
c) Stores Acquisition system
d) None
25 : Tenders invited from only one manufacturer is known as
a) Single tender
b) Open tender
c) NIT
d) None
26 : How many digits are there for stocked material codes
a) 10
b) 11
c) 09
d) 12
27 : Categorisation method is used for rating
a) Vendors
b) Dealers
c) Customers
d) Suppliers
28 : Physical stock verification is done by
a) Stores
b) Finance
c) HR
d) FQA
29 : Who is responsible for stock verification for each financial year
a) Head of Project
b) Head of Materials
c) Head of O&M
d) Head of Finance
30 : The most basic technique of inventory management is
a) ABC Analysis
b) ZYX analysis
c) CBA analysis
d) PQR analysis
31 : Who will raise the indent for consumables
a) O&M
b) HR
c) Stores
d) Any department
32 : FOR stands for
a) Free on Road
b) Finance on Road
c) Free on Return
d) None
33 : GRS stands for
a) Goods received sheet
b) Goods receipt system
 c) Godown Requisition Sheet
d) None
34 : Purchase indent is prepared in _____ copies
a) 6
b) 8
c) 5
d) 7
35 : SD shall be collected from the successful BIDDER
(VENDOR) only as per the prescribed rates.
a) True
b) False
36 : We can treat the EMD as a part of Security
Deposit.
a) Yes
b) No
37 : IUC classification stands for
a) Insurance, Unit assembly and consumable
b) Indented Unit costs
c) Insurance under cover
d) None
38 : OEM, OMS, PAC leads to
a) Single tendering
b) Double tendering
c) NIT
d) None
39 : EOQ is related with
a) Quantity
b) Quality
c) Time
d) Money
40 : Which is the basic document for making payment to suppliers
a) GRS
b) MTN
c) MRN
d) Payment order by supplier
41 : What is the value of the bid guarantee/EMD?
a) 2% of cost estimate if the same is below 5 crores
b) 1% of cost estimate if the same is more than 5 crores
c) Both
d) None
42 : What could be the value of the Bank Guarantee?
a) 10% of the total contract price
b) 5% of the total contract price
c) 50 of the total contract price
d) None of the above
43 : Who will issue the Letter of Award?
a) Contract Manager
b) Head of Finance
c) Project Head
d) Any executive
44 : Purchase Order and Letter of Award are same.
 a) Yes
b) No
45 : Who is responsible for vetting of tender documents submitted by external
funding agencies?
a) Corporate Planning department
b) Site Management Committee
c) Site C&M department along with HR
d) Corporate Materials Department
46 : Current DOP operating now is
a) DOP 2004
b) DOP 2008
c) DOP 2002
d) DOP 2005
47 : In which of the following case lead time will be more?
a) LT
b) Single Tender
c) Multiple Tender
d) Open Tender
48 : If the value of PI is more than ________lacs then Open Tendering is needed.
a) 5 lacs
b) 15 lacs
c) 1 crore
d) In all above cases

49 : The acronym ROL stands for

a) Requirement of Letter of Credit
b) Reorder Level
c) Report of Loss of stock
d) None
50 : MPIC stands for Materials Planning and Inventory Control
a) Yes
b) No
51 : The spares that wear out or get consumed while in service are known as:
a) Consumables
b) Perishables
c) Nut and bolts
d) Accessories
52 : Find the odd one
a) MTN b) GRS c) PTW d) SRV
53 : Who are responsible for SRV pricing
a) HR b) Stores c) Purchase d) Accounts
54 : Vendor development is the responsibility of
a) Purchase Department b) O&M Department c) Indenting Department d) None
55 : Tender committee will be constituted with the members from
a) Materials
b) F&A
c) Indenting
d) All above
56 : It is necessary to send a file to Vigilance department before issue of any
Purchase Order.
a) True
b) False
57 : The spare parts which are required for plant maintenance activities that might
cause forced shut down of machinery in case of non availability are known as
 Insurance Spares.
a) True
b) False
c) They are known as mandatory spares
58 : In Materials Management, Procurement is an area where the use of
combination of Internet Technologies can drive major efficiencies i.e.
controlling cost and improving employee productivity
a) True
b) False
59 : What is a risk?
a) Risk is possibility of loss
b) Risk is uncertain
c) Risk is manageable and can be eliminated altogether
d) Only a and b.
60 : AN __________ INSURANCE IS AN INSURANCE ON PROPERTY
AGAINST ACCIDENTS RESULTING IN DAMAGE TO MACHINERY AND
STEEL STRUCTURES WHILE IN THE NORMAL COURSE OF
ERRECTION OR CONSTRUCTION.
a) EAR b) Comprehensive c) Fire d) Mundane

61 : In the terms EAR, E refers to

a) Erection b) Execution c) Election d) Effective
62 : P&W policy means
a) Procurement and Works
b) Purchase and waste management policy
c) Power Works policy
d) None
63 : MRR stands for
a) Material Receipt Register
b) Material Regular Rate
c) Marine Receipt for Record
d) None of above
64 : Which one of the following is a rational technique of
modern storekeeping?
a) EOQ
b) Value Analysis
c) Accounting
d) Codification

65 : The condition of destination and mode of delivery is

specified in:
a) Indent
b) Specification
c) Stores Receipt
d) Purchase Order

66 : After unloading the material at stores, it is initially kept at

a) Inspection Bay
b) Outside the stores
c) Sent to the indenter until inspection
d) None of the above
67 : While taking delivery of material, the delivery challan
should be compared carefully with:
a) Indent
b) Technical specification
c) Purchase Order
d) SRV

68 : Usually what is the time given for inspector to inspect the

material put at the inspection bay at stores?
a) 2 days
b) 3 days
c) 4 days
d) 5 days

69 : Which of the following is not indicated in the Material

Control Card ( Stock)?
a) Receipt date
b) Issue number
c) Balance quantity
d) Indent number

70 : Which of the classification of items is based on stock-

value?
a) FSN
b) ABC
c) DEF
d) XYZ

71 : Which of the following is not the reason for stock

discrepancies?
a) Weighted differences
b) Measurement differences
c) Improper storage
d) None of above

72 : Which of the following stock verification methods has not

been adopted in the NTPC?
a) Periodical stock verification
b) Continuous stock verification
c) Verification by external agency
d) Verification by Internal Auditors

73 : By whom the surprise verification be done?

a) A team of three officers comprising Finanace
deparment, material department, purchase
department
b) A team of at least two officers drawn from
departments other than materials department
c) By GM/Head of Project
d) By local police
74 : Stock verifier, appointed specifically for the purpose is
under control of which authority?
a) General Manager
b) Executive Director
c) Head of Finance
d) Head of Vigilance

75 : Who is responsible for achieving the target of 100% stock

verification of stores?
a) Head of Finance
b) Head of HR
c) Head of Project
d) Stores Incharge

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