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CIL MT MATERIAL MANAGEMENT EXAM- 2022

1.     What is “In Transit” good?

A.     Good for which proper officer may allow the goods to be transhipped

B.     Goods for which import manifest is required to be submitted for entry but no duty is required to be paid

C.     Goods which remain in the same vessel at the intermediate port

D.     Goods that do not require import manifest to be submitted for entry

Ans. C

2.     The transfer of data between a fast storage device such as magnetic disk and memory is often limited by:

A.     Speed of CPU

B.     Speed of the magnetic disk

C.     Size of CPU

D.     Operating system

Ans. A

3.     Maxx industry issues a crossed cheque to its supplier as payment. This is a _____.

A.     Promissory note

B.     Negotiable instrument

C.     Delivery orders

D.     Bill of exchange

Ans. B

4.     Which of the following is a letter written by an organization to its debtor to obtain payment?

A.     Payment Letter

B.     Advice Letter

C.     Credit Letter

D.     Collection Letter

Ans. D

5.     If an agreement mentioned under Section 3, comes before the CCI it conducts an enquiry and adjudicates on whether the agreement has any adverse effect on competition. Which of the following may be an exception to section 3?

A.     Any agreement between international partners

B.     Any agreement protecting rights conferred under Law of Contract

C.     Any agreement protect rights conferred under Patent Act 2005

Ans. C

6.     Keeping the record of incoming and outgoing materials is one of the important functions of the storekeeper. Recording stock movement and balance in terms of financial value is known as:

A.     Recording the efficiency of purchasing process

B.     The store accounting

C.     Recording the usage value

D.     Stock taking

Ans. B

7.     A set of instructions that tells the computer about the tasks to be performed and how these tasks are to be performed is known as:

A.     Processor

B.     Software

C.     Data

D.     Hardware

Ans. B