Management Aspects in Hydrocarbon Exploration

8/4/2019 Management Aspects in Hydrocarbon Exploration

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MANAGEMENT ASPECTS IN HYDROCARBON EXPLORATION

1. A project has gotA. Defined start and defined end

B. Defined start and regular production after defined end

C. Regular production and activitiesD. Defined for start and continuing expansion programmes

2. Continued efforts for conservation of energy come underA. Routine work

B. Research work

C. Project work

D. Maintenance work

3. Efforts for enhanced and better quality output is considered as

A. Research work

B. Project workC. Regular activity

D. All of the above

4. A procedural Plan that indicates time and sequence of each operation is called

A. Agenda

B. PlanC. Program

D. All of the above

5. The first step in project management is

A. FinancingB. Project definition and scopeC. Contracting

D. Technical design

6. Linear scheduling methods are effective in

A. Sequential operations

B. Parallel operations

C. A mix of these twoD. All of the above

7. Failure to make a schedule will result in

A. Time lossB. Money loss

C. Quality impairment

D. All of the above


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8. Duration is well shown but not sequence in

A. Gantt chart

B. Pert chartC. Critical path method

D. All of the above

9. Completion time having the highest probability is

A. Optimistic time

B. Most likely timeC. Expected time

D. Pessimistic time

10. PERT isA. Progress Evaluation and Review Technique.

B. Program Evaluation and Review Technique

C. Project Energy and Rating Time

D. Plan Execution and Review Technique

11. First step in Equipment procurement isA. Need identification

B. Administrative Approval

C. Budget provision

D. Tendering

12. If four bids quotations are evaluated and the grades are L,,L,,L3, and L4, which is

the third lowest quotation.A. L,

B. L2

C. L3D. L4

13. If four quotations are evaluated and the grades are L1,L,,L3, and L4 which is thehighest quote.

A. L,

B. L

C. L3D. L4D

14.Census number is all allocated toA. Sub assemblies

B. Spare Parts

C. Capital EquipmentD. All of the above


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15. How procurement of spares is initiated

A. By considering the cost of the capital equipment

B. By taking into consideration the key role played by the equipmentC. By VED analysis

D. By past experience

16. Reduction of procuring costs/ over heads cam be achieved byA. Procuring as and when required.

B. Clubbing the requirements of various Locations

C. Bargaining for bulk purchase discountsD. BandC

17. Which of the following is a replaceble item

A. Mud chemicalB. Mud Pump piston

C. Seismic Explosives

D. Cotton waste

18. Reduction of inventory is possible by

A. Stand ardisation of equipmentB. Stocking in RegionaUcentral warehouses

C. Computerised stock information and legislation to free movement of things

between projects

D. All of the above

19. Rig cycle is from

A. Spudding to completion of drilling to target depthB. Rig moving in to Rig moving out

C. Rig moving in to testing of the horizon

D. Spudding to completion of the well including last perforation and testing.

20. Critical Path Method was developed by

A. LaversonB. Semat

C. Dupont

D. NewtonD

21.Who defined the 14 principles of management

A. Dupont

B. Peter DrukerC. FAYOL

D. Dale carnigee

22. Supervision meansA. Exercising authority over subordinates

B. Finding faults in the work executed by subordinates

C. To have superior vision and guide the subordinates

D. To be vigilant and discipline the subordinates


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23. Scientific management means

A. Linear movement with easy flowB. Linear movement with regulated flow

C. Movement with back and forth time and motion

D. Linear movement with unchecked forward flow

24. A competent manager

A. Leads peopleB. Administers rules

C. Achieves results

D. All of the above

25.Ancient Indian who defined functional organization.

A. Varaha Mihira

B. Kautilya

C. ChanakyaD. Bhaskara Bhatta

26.Corporate planning is

A. An analytical process with no hunches

B. Financial estimation

C. Schedule of operationsD. Framing of rules and regulations.

27.Authoritative management is classified underA. X theory

B. Y theory

C. Z theoryD. Q theoryD

28.A good manager should be aA. A good worker

B. A good developer

C. A good leader

D. All of the above

29. Maximum increase in productivity is due to

A. Systems and management guide lines.B. Proper work environment

C. Cordial human relations

D. Technology change


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30. Rules and regulations being the same things move based an

A. Authoritative vigilance

B. Interpersonal relationsC. Implementation of rules

D. Incentives

31. Motivation is

A. A promised bright future

B. A promised cash rewardC. A cultured hunger for excellence

D. To inspire unwilling workers

32. A major factor for good leadershipA. Knowledge

B. Experience

C. Authority

D. Behavior

33. A supervisor is aA. First level manager

B. Middle manager

C. Functional manager

D. None of the above

34. Increasing the role of subordinates in dec is io n ma king is

A. CentralizationB. Decentralization

C. Normalization

D. None of the above

35.Your perception of good value at work

A. Be honestB. Work hard

C. Be productive

D. Save time

36. Your primary personality trait

A. Group dependent

B. VenturesomeC. Relaxed

D. Self sufficient

37. In the hierarchy of skills which takes the first positionA. Performance skills

B. Decision making skills

C. Planning skills

D. Organising skills


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38. Who said that good communication is the foundation for good management

A. FayolB. Peter Druker

C. Lee locaca

D. Fred Luthonas

39. Communication process is

A. Message - sender - receiverB. Sender - receiver - message

C. Sender - message - receiver

D. Receiver - sender message

40. This is a positional average

A. Mean

B. Median

C. VarianceD. None of the above

41. The cumulative frequency curve is called.

A. Histogram

B. Line graph

C. OgiveD. Frequency curve

42. Coefficient ofvariation =A. X x 100

6

B. Mean X 100Variance

C. X x 100

ModeD. x 100

X

43. The variance of 3,3,3,3,3, isA. 3

B. 5

C. 0D. 9

44. An event whose probability of occurrence is one is this event:

A. ImpossibleB. Sure

C. Mutually exclusive

D. Equally likely


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45. If A and B are mutually exclusive events, then P(A and B) _

A. 1

B. %2C. 0

D. Y4

46. If A and B are independent events, P(A/B)=

A. P(AnB)/ P(B)

B. P(B)C. P(A)

D. P(AnB)

47. The number of parameters in a binomial distribution isA. 2

B. 1

C. 0

D.3

48. Mean of a Poisson distribution is equal to its:A. Standard deviation

B. Mean deviation

C. Variance

D. ModeD

49. The limits of the correlation coefficient areA. -1 to +1

B. O to I

C. -1 to coD. -co to co

50. The most important element that characterizes an organization is:A. Common goals

B. Financial resources

C. Profits

D. Technology

51. The 14 principles of management are propound by

A. Peter F. DruckerB. F.W. Taylor

C. Elton Mayo

D. Hendry Fayol


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52. The process of directing and influencing task related activities of organization

members is:

A. MotivationB. Leading

C. Staffing

D. Controlling

53.Communication from superior to subordinate is called as

A. Horizontal communicationB. Upward communication

C. Downward communication

D. Lateral communication

54. A top manager requires more of the following skill:

A. Technical skill

B. Human skill

C. Conceptual skillD. Negotiating skill

55. The interpretation and translation of a message into a meaningful information is

known as:

A. Coding

B. EncodingC. Decoding

D. RecodingD

56. The value of motivating strength of a reward to the individual is known as:

A. Motivation energy

B. ValentineC. Equity of motivation

D. Valence

57. Participative leadership style is one in whichA. The leader takes decisions himself

B. Subordinates are given the freedom to take the decisions

C. The leader takes decisions after consulting the subordinates

D. Leader takes decisions by a vote of majority58. According to Herzberg, which one of the following is not a motivator

A. Job challenge

B. SalaryC. Risk

D. Recognition

59. One of the following does not act as stimulator:A. Taste

B. Smell

C. Hearing

D. Observing


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60. Need Hierarchy theory was developed by:

A. Herzberg

B. McGregorC. McClelland

D. Maslow

61. Anything that interferes with the communication is:

A. Disturbance

B. ConflictC. Noise

D. Distraction

62. Perception is the process by whichA. Individuals interact with other people

B. Individuals organize and interpret the environment around them

C. Individuals get stimulation and respond in a particular way

D. Individuals respond to a message from othersD

63. Personality refers to:

A. Heredity

B. Environmental factors

C. Personal characteristicsD. Cultural background

64. Among the various styles of leadership, which one is very popular in the corporatesector:

A. Dictatorial style

B. Autocratic styleC. Democratic style

D. Free-rein styleD

PES-

205Answer

key

1. A2. C

3. B

4. C5. B

6. A

7. D

8. A

9 B

10 B11 A

12 C

13. D14. C

15 C

16 D17. B

18. D

19 B

20. C

21. C

22. C23. A

24. D

25. B26. A

27. A

28. D29. D

30. B

31. C

32. D

33. A

34. B35. C

36. B

37. C38. B

39. C

40. B41. C

42. D

43. C

44. B

45. C

46. C47. A

48. C

49. A50. A

51. D

52. B53. C

54. C

55. C

56. D

57. C

58. B59. D

60. D

61. C62. B

63. C

64. C

Management Aspects in Hydrocarbon Exploration

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