A:-Both a and b are correct
B:-Only a is correct
C:-a is incorrect , b is correct
D:-Both a and b are incorrect
Correct Answer:- Option-C
Question42:-A materials budget
A:-Contains quantity and cost of each type of materials required for production
-Helps the financial management of materials
C:-Facilitates the estimation of actual price escalations
D:-All the above
Correct Answer:- Option-D
Question43:- is used when number of sources are known and few
A:-Limited tender
B:-Open tender
C:-Single tender
D:-Term tender
Correct Answer:- Option-A
Question44:-Which of the following is/are used in value analysis?
A:-Comparative analysis
B:-Cost of each property
C:-Buyer - seller seminars
D:-All the above
Correct Answer:- Option-D
Question45:-In six sigma MAIC stands for
A:-Measure, Analyse, Improve and control
B:-Measure, Assess, Improve and Control
C:-Modify, Analyze, Interpret and Compare
D:-Measure, Adjust, Improve and Coordinate
Correct Answer:- Option-A
Question46:-Among the below given documents of international trade which one is provided by the importer
A:-Commercial invoice
B:-Insurance certificate for CIF consignment
C:-Freight certificate for FOB purchase
D:-Packing list
Correct Answer:- Option-C
Question47:-Which among the following statements related to lead time is/are correct?
a. Requested order lead time is the time between the order and time for delivery wanted by the customer

b. Quote order Lead Time is the time between the date of quotation and delivery date, as it is mentioned in the contract

A:-Both a and b are correct
-Only a is correct

C:-Only b is correct

D:-Both a and b are incorrect
Correct Answer:- Option-A

Question48:-For a company that prefer to purchase a particular product from a vendor in long term basis can go for

A:-Contract purchase order
B:-Blanket purchase order
C:-Planned purchase order
D:-Standard purchase order
Correct Answer:- Option-A
Question49:-Which among the following comes at the lowest level of work Breakdown structure?
A:-Work package
B:-Sub task
C:-Schedule
D:-Critical activity
Correct Answer:- Option-A
Question50:-Among the following which one is not an option in the power/interest Grid for stakeholder prioritisation in
project planning
A:-Keep satisfied
B:-Keep informed
C:-Advice