LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Match The Following

Question Correct Answer Your Answer

Political Risks People Resistance People Resistance

Financial Risks ROI Institution

Technical Risks CAD / CAM CAD / CAM

Functional Risks HRD HRD

Select The Blank

Question Set of basic variables which are not restricted to equal '0' in

current basic solution & listed in solution column is termed as

________.

Correct Answer Basis

Your Answer Simplex Method

Multiple Choice Single Answer

Question In VAM, A stands for :-

Correct Answer Approximation

Your Answer Appropriate

Multiple Choice Single Answer

Question Time spent by Service Facility to render the service to a

Customer is :-

Correct Answer Service time

Your Answer Service time

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True/False

Question A game without a saddle point is called mixed strategy game.

Correct Answer True

Your Answer True

Multiple Choice Single Answer

Question When an optimal solution is reached next step is to :-

Correct Answer Mark a zero in a row with exclusive zero.

Your Answer Mark a zero in a row with exclusive zero.

Multiple Choice Multiple Answer

Question Terms relating to LP are :-

Correct Answer Constraints , Objective Function , Non-Negativity Condition

Your Answer Constraints , Objective Function , Non-Negativity Condition

Multiple Choice Single Answer

Question When process capability of a machine does not allow

allocation of a particular job on the machine, the problem can

be solved by :-

Correct Answer Prohibited assignment method

Your Answer Prohibited assignment method

True/False

Question Value of game to player II is negative of minimax value.

Correct Answer False

Your Answer False

Select The Blank

Question A Graph can be defined as ________.

Correct Answer Two-variable-linear-equation which is always a Straight Line

Your Answer Two-variable-linear-equation which is always a Straight Line

Multiple Choice Single Answer

Question Which of the following technique provides aid to sales staff

while finalising a judgment forecast?

Correct Answer Forecasting

Your Answer Linear programming

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True/False

Question Events must be mutually exclusive.

Correct Answer True

Your Answer True

Select The Blank

Question ________ is called Stepping Stone Method.

Correct Answer Unoccupied cells to achieve solution

Your Answer Unoccupied cells to achieve solution

Select The Blank

Question An assignment problem with machine capability constraint is

an example of ________ assignment problem.

Correct Answer Prohibited

Your Answer Unbalanced

Multiple Choice Multiple Answer

Question Queues are formed at :-

Correct Answer Bus stand , Traffic lights , Telephone booths

Your Answer Bus stand , Traffic lights , Telephone booths

Select The Blank

Question To assign a task, a zero in a row/column with ________ zero

is marked with square.

Correct Answer Exactly one

Your Answer Exactly one

True/False

Question The graphical method is simple to understand & easy to use

Correct Answer True

Your Answer True

Multiple Choice Single Answer

Question Unbounded Solution is :-

Correct Answer Permitted to be infinitely large

Your Answer Which does not define the boundaries of the feasible solution

Multiple Choice Multiple Answer

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Question Procedural steps in VAM are :-

Correct Answer Selection of row or column , Allocation of number of units ,

Calculation of difference bet 2 element

Your Answer Cash Flow & Fund flow statements , Selection of row or

column

Multiple Choice Multiple Answer

Question Which are applications of quantitative techniques in financial

management?

Correct Answer Interpretation of financial statements , To determine optimum

equipment replacement policies , To develop capital

investment plans

Your Answer Interpretation of financial statements , To determine optimum

equipment replacement policies , To develop capital

investment plans

Match The Following

Question Correct Answer Your Answer

Graphical Method Step 4 LPP Formulation LPP Formulation

Graphical Method Step 1 Identify Decision Identify Decision

Graphical Method Step 2 Equation of Objective Graph Objective Function

Graphical Method Step 3 Equation of Constraints Equation of Constraints

Multiple Choice Single Answer

Question Extra row or column in tableau, with zero cost in each of its

cells, used to balance an unbalanced problem is :-

Correct Answer Dummy source or Destination

Your Answer Dummy source or Destination

Multiple Choice Single Answer

Question Graphical method deals with problem of :-

Correct Answer Both Maximization & Minimization

Your Answer Both Maximization & Minimization

Select The Blank

Question SOPs provide necessary base to select optimal solution is

known as ________.

Correct Answer Mechanistic Decisions

Your Answer Mechanistic Decisions

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Question Linear Programming find the quantity of components to be

used at :-

Correct Answer Minimum Cost

Your Answer Minimum Cost

Select The Blank

Question The ________ is a method for deciding how to meet some

desired objective which may be profit maximisation or cost

minimization, subject to constraints on the amounts of

commodities required or resources available.

Correct Answer Linear programming

Your Answer Linear programming

Select The Blank

Question The ________ is concerned with situations of conflicts

between two or more opposed sets of interests to devise

optimum strategies prior to commencement of action.

Correct Answer Games theory

Your Answer Games theory

True/False

Question Smallest element in each row is subtracted from each

element in the column.

Correct Answer False

Your Answer False

Multiple Choice Multiple Answer

Question Which are the typical areas of application of probability

theory?

Correct Answer Market research , Inventory control , Price movements

Your Answer Market research , Budgeting

True/False

Question By application of dominance rule final solution is affected.

Correct Answer False

Your Answer False

Multiple Choice Single Answer

Question Determination of Least Cost Route of Transportation of

Goods from one plant to different warehouses is called :-

Correct Answer Transportation Model

Your Answer Transportation Model

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Multiple Choice Multiple Answer

Question Games theory can solve :-

Correct Answer Two person's game , Two persons zero sum game , Two

persons 3 x 3 game

Your Answer Two person's game , Two persons zero sum game , Two

persons 3 x 3 game

Multiple Choice Single Answer

Question Which technique replaces the age old intuitive and subjective

approach of decision making by an analytical and an

objective approach?

Correct Answer Quantitative technique

Your Answer Quantitative technique

True/False

Question MODI Method is to evaluate water cells to achieve an optimal

solution.

Correct Answer True

Your Answer True

Multiple Choice Multiple Answer

Question Terminology NOT related with Linear Programming are :-

Correct Answer Players , Payoff , Payoff Matrics

Your Answer Players , Payoff , Payoff Matrics

Multiple Choice Multiple Answer

Question Study of Process Capability is not related to :-

Correct Answer Reliability Engineering , Statistical Process Control ,

Correlation & Regression Analysis

Your Answer Reliability Engineering , Statistical Process Control ,

Correlation & Regression Analysis

True/False

Question Under Single Queue, Multiple Servers (Series), there is one

queue but several servers in the service facility.

Correct Answer True

Your Answer True

Select The Blank

Question In waiting line, important characteristic commonly set to study

is ________.

Correct Answer Queue length

Your Answer Queue length

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True/False

Question Quantitative techniques consider tangible as well as

intangible factors.

Correct Answer False

Your Answer True

Multiple Choice Single Answer

Question Which of the following is not a statistical technique?

Correct Answer Critical path analysis

Your Answer Acceptance sampling

Select The Blank

Question A game in which more than 2 strategies are available to both

players is called ________ game.

Correct Answer m x n

Your Answer m x n

Multiple Choice Multiple Answer

Question Game can have :-

Correct Answer Mixed strategies , Pure strategies

Your Answer Mixed strategies , Pure strategies

Select The Blank

Question Graphical method is used to solve problems involving

________ unknowns.

Correct Answer Two

Your Answer Two

Multiple Choice Multiple Answer

Question Various Quantitative Techniques are :-

Correct Answer Linear Programming , Replacement Theory , Queuing Theory

Your Answer Linear Programming , Replacement Theory , Queuing Theory

True/False

Question Representation of customer behavior is reactions of the

typical customers when confronted with a queue before the

service facility.

Correct Answer True

Your Answer False

Sem-4 (Operations) -- Quantitative Techniques

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Select The Blank

Question Expected gain to a player, if he and & his opponent use their

best strategy is called ________of game.

Correct Answer Value

Your Answer Value

Multiple Choice Multiple Answer

Question Following concepts are not considered in Linear

Programming :-

Correct Answer Maximum , Minimax , Saddle Point

Your Answer Saddle Point , Non-negativity Restrictions

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