Engineering Economy MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Engineering Economy, a fundamental topic in the field of Civil Engineering. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Engineering Economy MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Engineering Economy mcq questions that explore various aspects of Engineering Economy problems. Each MCQ is crafted to challenge your understanding of Engineering Economy principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Civil Engineering tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Engineering Economy MCQs are your pathway to success in mastering this essential Civil Engineering topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Engineering Economy. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Engineering Economy knowledge to the test? Let's get started with our carefully curated MCQs!

Engineering Economy MCQs | Page 6 of 8

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Q51.
The construction estimate of a project is used by :

a.

the owner of the facility

b.

the consulting architect/engineer

c.

the contractor of the project

d.

All of these

Discuss
Answer: (d).All of these
Q52.
Both architect and engineer make use of the cost estimate of the project:

a.

for site selection

b.

for designing of the project

c.

for choosing alternatives

d.

All of these

Discuss
Answer: (d).All of these
Q53.
If a is the base amount expenditure, b is the increase in the operation cost each year over a period of n years, the total cost of maintenance is :

a.

a + (n + 1) b

b.

a + (n - 1) b

c.

a x (n - 1) b

d.

a - (n - 1) b

Discuss
Answer: (b).a + (n - 1) b
Q54.
The owner of the construction company makes use of the estimate :

a.

to determine the capital investment costs.

b.

to assist in financial arrangements

c.

to determine economic feasibility of the project.

d.

All of these

Discuss
Answer: (d).All of these
Q55.
Which one of the following is not a construction estimate ?

a.

Initial feasibility estimate

b.

Conceptual preliminary budget

c.

Definite estimate

d.

None of these

Discuss
Answer: (d).None of these
Q56.
Pick up the method used for project evaluation and selection in capital budgetting from the following:

a.

pay back period

b.

Internal ratio of return

c.

Net present worth

d.

All the above

Discuss
Answer: (d).All the above
Q57.
Pick up the correct statement from the following:

a.

The ratio of current assests, loans and advances, and the current liquidity is called current ratio.

b.

Larger the current ratio, larger is the margin of safety.

c.

The operating profit is the difference between gross profit and operating expenses.

d.

All of these

Discuss
Answer: (d).All of these
Q58.
If a seller recovers his capital along with accumulated compensating interest not in one single lumpsum payment but in periodical equal payments, over time :

a.

Capital Recovery Annuity fs availed

b.

Present work Annuity is availed

c.

Sinking Fund Annuity is availed

d.

Sinking Fund Annuity is availed

Discuss
Answer: (a).Capital Recovery Annuity fs availed
Q59.
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following:

a.

Base unit method

b.

Cost per function method

c.

Cost per square metre method

d.

Cost per linear metre method

Discuss
Answer: (d).Cost per linear metre method
Q60.
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following :

a.

Base unit method

b.

Cost per function method

c.

Cost per square metre

d.

All of these

Discuss
Answer: (d).All of these
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