QN1. Which of the following is not a characteristic of logistics
a) It ensures a smooth flow of all types of goods
b) It has the ability to meet customer expectations and requirements
c) It offers the best possible customer service at any cost
d) It deals with movement and storage of goods in appropriate quantities
Answer: d) It deals with movement and storage of goods in appropriate quantitiesAnswer
QN2. All of the following are the objectives of logistics except
a) To make available the right quantity of material at right quality at right time, at the right place in right condition at right price
b) To offer best possible customer service for competitive advantage
c) To promote the product through the logistic channels
d) To minimize total logistics costs
Answer: d) To minimize total logistics costsAnswer
QN3. The logistics costs in India is ___ percentage of GDP
a) 20%
b) 13%
c) 18%
d) 7%
Answer: c) 18%Answer
QN4. Which of the following does not provide a way to create competitive advantage
a) Low cost
b) Low flexibility
c) Superior customer service
d) Value added services
Answer: b) Low flexibilityAnswer
QN5. All of the following are primary activities in a value chain except
a) In bound logistics
b) Operations
c) Technology development
d) Service
Answer: a) In bound logisticsAnswer
QN6. Which of the following is not a desired flow in a supply chain
a) Forward flow of value
b) Flow of goods in both the directions
c) Backward flow of cash
d) Flow of information in both the directions
Answer: c) Backward flow of cashAnswer
QN7. Which of the following is not a feature of customer service
a) It is reactive process
b) Ensures a trade-off between cost and service
c) Creates a competitive advantage
d) Brings about harmonious relationship with supply chain members
Answer: a) It is reactive processAnswer
QN8. All of the following are post transactional customer service elements except
a) Installation, warranty, repairs, etc
b) Customer claims, complaints and returns
c) Stock out level
d) Temporary replacement of products
Answer: c) Stock out levelAnswer
QN9. Freight charges depends on all of the following except
a) Nature of the product
b) Value of the product
c) Distance to be covered
d) Volume/quantity to be shipped
Answer: a) Nature of the productAnswer
QN10. Carrier performance measures does not include
a) Speed
b) Claim settlement ratio
c) Area of ware house owned
d) Frequency
Answer: c) Area of ware house ownedAnswer
QN11. Physical distribution in terms of logistics is known as
a) Inbound logistics
b) Outbound logistics
c) In plant logistics
d) Reverse logistics
Answer: b) Outbound logisticsAnswer
QN12. Which of the following is not a feature of supply chain
a) Supply chain is a network of entities
b) The more the number of stages in a supply chain the more will be its complexity
c) Supply chain efficiency and effectiveness are the same
d) Supply chain profit should be shared equitably by all the chain members
e)
Answer: c) Supply chain efficiency and effectiveness are the sameAnswer
QN13. Supply chain conflicts can be reduced by all of the following except
a) Use of power by the dominant partner
b) Involvement by investment
c) Information sharing
d) Transfer of technology and skills
Answer: d) Transfer of technology and skillsAnswer
QN14. Which of the following is not a key output of the logistics system
a) Creating Competitive advantage
b) Time & Place utility
c) Creating Proprietary asset
d) Increased cash flow
Answer: c) Creating Proprietary assetAnswer
QN15. Logistics stand for
a) Whatever is logical and reasonable
b) Movement of materials to destinations
c) Putting together conclusions logically
d) Moving, supplying and warehousing materials and information in an enterprise
Answer: d) Moving, supplying and warehousing materials and information in an enterpriseAnswer
QN16. Supply Chain Management covers
a) Management of suppliers and vendors
b) Management of inventories, warehousing, transportation and documentation relating to all suppliers
c) Management of demand and supplies at minimum cost but greater customer satisfaction
d) Warehousing management
Answer: b) Management of inventories, warehousing, transportation and documentation relating to all suppliersAnswer
QN17. Transportation management is
a) A small and significant part of SCM
b) Too specialized and should be managed separately
c) Does not affect customer service
d) Forms a major component of costs and should be synchronized to enhance customer satisfaction
Answer: a) A small and significant part of SCMAnswer
QN18. A fourth party logistics provider is
a) An organization that provides transportation
b) An organization that provides warehousing facility
c) An organization that manages inventory and information
d) An organization that provides comprehensive supply chain solution
Answer: d) An organization that provides comprehensive supply chain solutionAnswer
QN19. Which of the following does not fit into the features of customer service
a) Providing customer service at any cost
b) Strategic processes that provides value added services
c) Creates competitive advantage in the market place
d) It reflects corporate vision
Answer: d) It reflects corporate visionAnswer
QN20. The internal web of an organization that allows only the internal users to access and share data is called
a) Intranet
b) EDI
c) Extranet
d) Internet
Answer: b) EDIAnswer
QN21. Which of the following is not an inventory related cost
a) Receivables
b) Ordering cost
c) Carrying cost
d) Stock-out cost
Answer: c) Carrying costAnswer
QN22. Which of the following is not an assumption of basic EOQ model
a) Annual demand, carrying cost and ordering cost can be estimated and is constant
b) Half of order quantity is considered as safety stock
c) Stock out has no effect
d) Quantity discounts does not exist
Answer: c) Stock out has no effectAnswer
QN23. Inventory analysis based on the annual consumption value is called
a) ABC analysis
b) VED analysis
c) FSN analysis
d) XYZ analysis
Answer: a) ABC analysisAnswer
QN24. All are inputs to MRP system except
a) Bill of materials
b) Inventory status file
c) Master production schedule
d) ABC analysis file
Answer: d) ABC analysis fileAnswer
QN25. All are features of Distribution Resources Planning except
a) DRP Deals with finished goods inventory
b) DRP operates in an independent demand situation
c) DRP is an explosion process
d) Inputs to DRP is the distribution networks
Answer: d) Inputs to DRP is the distribution networksAnswer
QN26. Which of the following is not associated with JIT system
a) Waste elimination
b) Mass production
c) Single piece flow
d) Pull system
Answer: d) Pull systemAnswer
QN27. All are economic function of warehouse except
a) Stock piling
b) Receiving
c) Breaking bulk
d) Consolidation
Answer: c) Breaking bulkAnswer
QN28. The charges levied by a municipal corporation
a) Sales tax
b) VAT
c) Octroi
d) Excise
Answer: b) VATAnswer
QN29. Mode of economic surface transportation for bulk solid material over a long distance is
a) Rail
b) Road
c) Rope ways
d) Conveyors
Answer: b) RoadAnswer
QN30. Intermodal transportation system arising out of the coordination between roadways and railways is known as
a) Piggyback
b) Fishy back
c) Tran-ship
d) Express cargo
Answer: c) Tran-shipAnswer
QN31. All are principles of material handling except
a) First principle
b) Mechanization principle
c) Flexibility principle
d) Energy principle
Answer: a) First principleAnswer
QN32. Which of the following is not true for Air Way Bill
a) Receipt of goods
b) Contract for affreightment
c) Negotiable document
d) Issued by carrier
Answer: c) Negotiable documentAnswer
QN33. Which of the following is not a carrier selection determinant
a) Transportation cost
b) Transit time
c) Reliability
d) Vehicle cost
Answer: d) Vehicle costAnswer
QN34. A bonded warehouse is:
a) An open stockyard with high walls and other security measures for extra protection of goods stored
b) A warehouse in the premises of airport where goods imported by air are kept
c) A warehouse where goods on which customs or excise duties have not been paid are kept
d) A government warehouse used for storing confiscated goods
Answer: d) A government warehouse used for storing confiscated goodsAnswer
QN35. LCL stands for
a) Less than normal Cargo Load
b) Less than Container Load
c) Low Cargo Load
d) Less Costlier Load
Answer: b) Less than Container LoadAnswer
QN36. Penalty charged by a carrier for not clearing a consignment from their warehouse during the allowable time limit is known as
a) Damage
b) Demurrage
c) Liquidated damages
d) Penal charges
Answer: c) Liquidated damagesAnswer
QN37. Certificate of origin is issued by
a) Bank in the exporting country
b) Manufacturer
c) Chamber of commerce
d) The carrier
Answer: c) Chamber of commerceAnswer
QN38. Which of the following is not an advantage of containerization
a) Reduces damages
b) Increases investment on handling
c) Reduces packaging
d) Reduces loss
Answer: b) Increases investment on handlingAnswer
QN39. All are related to bullwhip effect except
a) It is the amplification of demand variation as one moves upstream in the supply chain
b) Forecast errors and lead-time variability add to bullwhip effect
c) The phenomena was first noted by Wal-Mart
d) The effect can be reduced by information sharing, vendor managed inventory, etc.
Answer: a) It is the amplification of demand variation as one moves upstream in the supply chainAnswer
QN40. All are functions of order processing except
a) Order planning
b) Order handling
c) Order delivery
d) Order pending
Answer: d) Order pendingAnswer