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Part-I

Each question carries 2.5 Marks:

Which statement is correct, please tick ( )

1. ABC Classification is based on

(a) Criticality of items(b) Inventory value of items at the year end(c) None

2. VED classification is based on

(a) Market availability

(b) Annual consumption value of item

(c) Criticality of items

3. Which technique helps us to identify obsolete items

(a) ABC Analysis(b) XYZ Analysis

(c) Movement Analysis

4. For delay in taking delivery of consignments from railways, which penalty is imposed?

(a) Demurrage charges

(b) Wharfage charges(c) Both of above

5. If the price basis is FOR Destination, properties in goods are transferred from seller to buyer

(a) When goods leave premises of supplier(b) When the goods are handed over to the carrier at despatching station

(c) When delivery is taken from the carrier at destination station

6. To avoid non-delivery claims on road carrier/ railways becoming time barred, they must be

lodged with the carrier within

(a) Within 6 months from the date of despatch

(b) Within 6 months from the date of receipt of non-delivery certificate

(c) Within 12 months

7. If transit insurance is arranged by the supplier, for damages and non delivery

(a) We need not take any action for lodging claim with carrier.(b) We must lodge preliminary claim with the carrier and furnish details to the supplier

(c) We shall not only lodge the claim with the carrier but also vigorously pursue till claim

is settled.

8 In NTPC stock verification of following assets is done

(a) Fixed assets held by different departments

(b) All kind of stores held by sub-stores (shift maintenance stores)

(c) All kind of stores held by Stores Department

(d) All the above assets

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9. XYZ Analysis is based on

(a) Unit rates of items

(b) Annual consumption value of items

(c) Value of financial year closing of stocks

10. Inventory policies are influenced by

(a) Inventory carrying cost

(b) Ordering cost(c) Non-availability (Stock-out) cost(d) All the above cost

11. Lead time means

(a) The time that lapses between receipt of Purchase requisitions by Purchase sectionand issue of purchase orders

(b) The time that lapses between receipt of purchase orders and supply of materials by

suppliers

(c ) The time that lapses between raising of Purchase Requisition by user departments

or stores and receipt and acceptance of materials at Stores for issue to user

departments

12. SDE (Scarce, difficult and easy) classification is bases upon

(a) Source from which the materials are purchased

(b) Purchasing problems with regards to availability in the market

(c) None

13. All the cylinders shall be hydraulically tested by a competent person at a pressuremarked on cylinders at interval of not more than two years after the date of last test

containing

(a) Toxic or Corrosive gases

(b) Non-toxic or non corrosive gases

14. License from department of explosives for storage of toxic or corrosive gases(chlorine,

ammonia, etc.) shall be required only when the number of cylinders at location exceeds

(a) 10 cylinders

(b) 5 cylinders

(c) 2 cylinders

15. CX items those items whose available stock is exceeding

(a) 5 years consumption

(b) 10 years consumption(c) 15 years consumption

16. Cost estimate in Purchase requisition/ Work Proposal facilitate

(a) Determination of level of competent authority to approve expenditure

(b) Budgetary control

(c) Evaluation of bids from suppliers

(d) All the above

17. HML (High, medium and low) in NTPC PQR Analysis is based upon

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(a) Value of items in inventory on 31st March i.e. closing of financial year

(b) Unit price of the items

(c) Annual consumption value of items

18. Open tender is also known as

(a) Press tender

(b) Notice for inviting tender (NIT)

(c) Both (a) and (b)

19. NTPCs standard payment term is

(a) 100% payment against delivery of goods by the supplier

(b) 100% payment within 30 days from the date of receipt and acceptance of materials

20. Stores Requisition cum-Issue Voucher can be

(a) Prepared by any official but need to approved by an executive

(b) Prepared by any official but need to be approved by competent authority as per DOP

NTPC LIMITED, Unchahar

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Part-II

Each question carries 2.5 Marks:

Which of the following statements are true/ false

1. If price basis is ex- works, packing and forwarding charges are born by the buyer (True/ false).

2. Length of lead time effects on inventory holding (True/ false)3. Any executive of indenting department can approve Proprietary article certificate (True/ False)4. In NTPC the material code is 9 digit (True/ False)

5. Purchase orders/ contract can be signed by any executive of C&M department (True/ False)

6. Obsolesce can be minimized, it cannot be eliminated (True/ false)

7. Purchase requisition for stock items are raised by user departments. (True/ false)

8. If pre-despatch inspection is carried out, there is no need for inspection at Stores after receipt

of materials. (True/ false)

9. High inventory is a sign of prosperity and not a matter of concern (True/ false)

10. Purchase requisitions can be raised by any person but it need to be approved by a competent

authority as per DOP (True/ False)

11. Oil drums shall be stacked in horizontally with bugs at 9 O clock and 3 Oclock position

(True/ false)

12. The first two digits in our codification scheme represent Main Group of items (True/ False)

13. For delay in unloading the wagons wharfage charges are imposed by Rlys. (True/false)

14. Any executive can be nominated as member of Tender Committee (True/ False)

15. Stores Requisition-cum-Issue Voucher can be approved by any executive (True/ False)

16. Cost estimates are generally based on SOR for civil works and CPWD/ DRS for electrical

works (True/ False)

17. EMD is demanded from the bidder for successful execution of P.O/ Contract (True/ False)

18. Unutilized/ excess materials can be returned to stores by user departments through documents

known as Materials Return Note (True/ False)

19. VED Analysis is done with the help of O&M experts, whose judgment is essential to derive aranking of the items as Vital, Essential and Desirable based upon essentiality or criticality (True/False)

20. High number/ value of rush purchase/ cash purchase is a symptom of poor inventory

management (True/ False)