ESTIMATION AND COSTING - Practice Mode

1) What is the other term used for reference table?

Dictionary Biography Bibliography Information Table

Correct Answer: Information Table

2) Which hand book referred by machine engineer?

Parry's cheorikal CRC Mark standard Oxford Dictionary

Correct Answer: Mark standard

3) What is a hand book?

Model book of various works Type of reference work or other collection of instruction Design book of latest works Dictionary of materials

Correct Answer: Type of reference work or other collection of instruction

4) Which standard schedule of rates to be considered for estimation?

Standard schedule of rates of the last year Standard schedule of rates of the average of the last 10 years Standard schedule of rates of the average of last 5 years Standard schedule of rates of the current year

Correct Answer: Standard schedule of rates of the current year

5) What is an over estimate?

When an estimate is exceeded to actual estimate When an estimate is fell short of the actual estimate When an estimate perfectly matches the actual estimate No work started as per estimate

Correct Answer: When an estimate is exceeded to actual estimate

Explanation:

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