Title mcq TENDERING AND ACCOUNTS.pdf ✅

Way to Polytechnic ● Way to Polytechnic TENDERING AND ACCOUNTS Unit-I Procedure to Execute the work: 1. What is the purpose of administrative approval in the execution of work? a) To finalize the technical aspects b) To ensure compliance with legal regulations c) To approve the budget provision d) All of the above Answer: d) All of the above 2. Which of the following is NOT a step in the procedure to execute work? a) Technical sanction b) Budget revision c) Expenditure sanction d) Administrative approval Answer: b) Budget revision 3. Which method involves hiring laborers on a daily basis? a) Contract method b) Piece work method c) Day’s work method d) Rate list method Answer: c) Day’s work method 4. What is the purpose of technical sanction in the execution of work? a) To finalize the administrative aspects b) To approve the technical feasibility c) To allocate budget provision d) None of the above Answer: b) To approve the technical feasibility 5. Which method involves setting fixed rates for various tasks? a) Piece work method b) Day’s work method c) Contract method d) Departmental method Answer: a) Piece work method 6. What does budget provision entail in the execution of work? a) Allocating funds for the project b) Finalizing technical details c) Hiring laborers https://sbte.way2poly.in
Way to Polytechnic ● Way to Polytechnic d) None of the above Answer: a) Allocating funds for the project 7. Which method involves outsourcing the work to external contractors? a) Departmental method b) Day’s work method c) Contract method d) Rate list method Answer: c) Contract method 8. What is the primary characteristic of the rate list method? a) Hiring laborers on a daily basis b) Setting fixed rates for various tasks c) Outsourcing work to contractors d) None of the above Answer: b) Setting fixed rates for various tasks 9. Which method involves executing work using the organization's own resources? a) Contract method b) Day’s work method c) Piece work method d) Rate list method Answer: b) Day’s work method 10. What is the purpose of expenditure sanction in the execution of work? a) To approve the technical feasibility b) To finalize administrative aspects c) To allocate funds for expenditures d) None of the above Answer: c) To allocate funds for expenditures 11. In the contract method, who executes the work? a) External contractors b) Organization's own resources c) Piece workers d) None of the above Answer: a) External contractors 12. Which method involves paying laborers based on the quantity of work completed? a) Day’s work method b) Piece work method c) Rate list method d) Contract method Answer: b) Piece work method https://sbte.way2poly.in
Way to Polytechnic ● Way to Polytechnic 13. What is the primary characteristic of the departmental method? a) Outsourcing work to external contractors b) Hiring laborers on a daily basis c) Using the organization's own resources d) None of the above Answer: c) Using the organization's own resources 14. Which method involves paying laborers on a per-day basis? a) Piece work method b) Rate list method c) Day’s work method d) Contract method Answer: c) Day’s work method 15. What does administrative approval entail in the execution of work? a) Allocating funds for the project b) Finalizing technical details c) Approving the overall project plan d) None of the above Answer: c) Approving the overall project plan 16. Which method involves setting predetermined rates for different tasks? a) Day’s work method b) Contract method c) Rate list method d) Piece work method Answer: c) Rate list method 17. What is the purpose of the contract method in the execution of work? a) To hire laborers on a daily basis b) To use the organization's own resources c) To outsource work to external contractors d) None of the above Answer: c) To outsource work to external contractors 18. Which method involves executing work based on predefined contracts? a) Piece work method b) Rate list method c) Contract method d) Departmental method Answer: c) Contract method https://sbte.way2poly.in
Way to Polytechnic ● Way to Polytechnic 19. In the piece work method, how are laborers compensated? a) Based on the time spent b) Based on the quantity of work completed c) Based on fixed rates d) None of the above Answer: b) Based on the quantity of work completed 20. What is the primary purpose of technical sanction in the execution of work? a) To approve the technical feasibility b) To allocate funds for expenditures c) To finalize administrative aspects d) None of the above Answer: a) To approve the technical feasibility Unit-II Contracts: 1. What is the primary purpose of a contract in engineering projects? a) To outline technical specifications b) To establish financial agreements c) To ensure regulatory compliance d) All of the above Answer: b) To establish financial agreements 2. Which type of engineering contract involves a fixed total price for all work? a) Lump sum contract b) Item rate contract c) Percentage rate contract d) Cost plus percentage contract Answer: a) Lump sum contract 3. What is the key characteristic of a labor contract? a) Fixed total price for all work b) Payment based on percentage of project cost c) Direct hiring of laborers by the client d) None of the above Answer: c) Direct hiring of laborers by the client 4. In a percentage rate contract, how is the contractor paid? a) Based on a fixed total price b) Based on a percentage of the project cost c) Based on itemized rates for each task https://sbte.way2poly.in