Engineering Economics, Estimation and Costing (3170615) MCQs

MCQs of Rate Analysis

Showing 1 to 10 out of 28 Questions
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1.

Rate analysis is a process of deriving rate of unit item from the cost of its _____________

(a)

Material Cost
(b)

Equipment Cost
(c)

Labour Cost
(d)

All of the above
Answer:

Option (d)

2.

Which of the following cost is not included in Rate Analysis of an item _____________

(a)

Petrol, Oil & Lubricant Cost
(b)

Contractor’s Profit
(c)

Land Cost
(d)

Overhead Cost
Answer:

Option (c)

3.

Usually contractor’s profit is taken ________ % for rate analysis of an item.

(a)

10
(b)

15
(c)

8
(d)

20
Answer:

Option (a)

4.

Water charges are usually taken as ________ % for rate analysis of an item.

(a)

3
(b)

1
(c)

1.5
(d)

5
Answer:

Option (c)

5.

Purpose of rate analysis is to ______________

(a)

To determine current rate of an item
(b)

To market value of an item
(c)

To know the quantities of materials required
(d)

To know the types of labour required
Answer:

Option (b)

6.

To fill the rate of an item in contract, Contractor needs to perform ____________.

(a)

Levelling
(b)

Planning
(c)

Rate Analysis
(d)

Trial Activity
Answer:

Option (c)

7.

Which of the following can be prepared using rate analysis?

(a)

Valuation Report
(b)

Schedule of Rates
(c)

Specification
(d)

Current rate of item
Answer:

Option (b)

8.

The capacity of doing work by an artisan or skilled labour in the form of quantity of work per day is known as ________.

(a)

Job Work
(b)

Workmanship
(c)

Site Work
(d)

Task work
Answer:

Option (d)

9.

Task work per day means ______ hours per day

(a)

12
(b)

8
(c)

10
(d)

5
Answer:

Option (b)

10.

Which of the following factor affects task work of a labour?

(a)

Nature of the work
(b)

Weather condition
(c)

Mode of payment of work
(d)

All of the above
Answer:

Option (d)

Showing 1 to 10 out of 28 Questions
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