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FUNDAMENTALS FICS with answer pdf

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225 views

FUNDAMENTALS FICS with answer pdf

Uploaded by

Gourang Raj M
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1. …………………….

, production control and physical distribution are the three major


operations of logistics.
a. Supply chain Management
b. Materials Management
c. Logistics Management
d. Personal Management
Answer: b. Materials Management

2. Which of the following is not an area to responsibilities for a logistics manager?


a. Inventory
b. Marketing
c. Warehousing
d. Purchasing
Answer: b. Marketing

3. DRP stands for


a. distribution requirement planning
b. dividend requirement planning
c. distribution resource planning
d. distribution reverse planning
Answer: a. distribution requirement planning

4. ……………..is a part of development of facility structures.


a. Transportation
b. Warehousing
c. Sorting
d. Logistics
Answer: b. Warehousing
5. The first thing that the consumer will notice about the product is the …………. Of the
product.
a. Price
b. Packaging
c. Expiry date
d. Bar code
Answer: b. Packaging

6. The sequence of a typical manufacturing supply chain is


a. Storage–Supplier–manufacturing–storage–distributor–retailer–customer
b. Supplier–Storage-manufacturing–storage–distributor–retailer–customer
c. Supplier–Storage-manufacturing– distributor–storage–retailer–customer
d. Supplier–Storage-manufacturing–storage– retailer–distributor–customer
Answer: b. Supplier–Storage-manufacturing–storage–distributor–retailer–customer

7. ……………is the task of buying goods of right quality, in the right quantities, at the right
time and at the right price.
a. Supplying
b. Scrutinizing
c. Selling
d. Purchasing
Answer: d. Purchasing

8. The term ………….refers to any idle resources that can be put to some future use.
a. Inventory
b. Warehousing
c. Logistics
d. Procurement
Answer: a. Inventory
9. VMI stands for
a. Vendor material inventory
b. Vendor managed inventory
c. Variable material inventory
d. Valuable material inventory
Answer: b. vendor managed inventory

10. The ………….system should be designed after analyzing the needs for the organization.
a. Warehousing
b. Logistics
c. Material handling
d. Distribution
Answer: c. Material Handling

11. ……………….includes design and administration of systems to control the flow of


materials, WIP and finished inventory to support business unit strategy.
a. Logistics Management
b. Materials Management
c. Bill of Materials
d. Distribution Management
Answer: a. Logistics Management

12. …………..is a function of re-arranging and re- packing as per individual orders.
a. Break- Bulk
b. Warehousing
c. Cross Docking
d. Sorting
Answer: c. Cross Docking
13. ………..is most suitable for remote and hilly areas.
a. Road transport
b. Railway transport
c. Water transport
d. Pipeline
Answer: a. Road transport

14. …………is the fastest mode of transport.


a. Road transport
b. Railway transport
c. Water transport
d. Air Transport
Answer: d. Air transport

15. ………..can move carton loads or pallet loads horizontally or vertically.


a. Conveyor belts
b. Cranes
c. Elevators
d. Forklift trucks
Answer: d. Forklift trucks

16. Which of the following is not a part of supply chain management system?
a. Supplier
b. Manufacturer
c. Information Flow
d. Competitor
Answer: d. Competitor
17. ……………….is the process of planning implementation and control of transportation
services to achieve organization goals.
a. Logistics Management
b. Transportation Management
c. Supply Chain Management
d. Distribution Management
Answer: b. Transportation Management

18. …………….is the method of sorting, transporting and distributing products in unitized
or standardized form in a container.
a. Cold chain logistics
b. ICD
c. Containerization
d. DFC
Answer: c. Containerization

19. …………..occurs when a company retains another business to perform some of its work
activities.
a. Outsourcing
b. KPO
c. 3PL
d. 4PL
Answer: a. Outsourcing

20. . ……………..is the most economical mode of transportation.


a. Road transport
b. Railway transport
c. Water transport
d. Air transport
Answer: c. Water transport

21. ………….comprises of raw materials, components, and fuels, etc. which are required to
facilitate manufacturing operations.
a. Raw material inventory
b. Work in process inventory
c. Finished goods inventory
d. Average inventory
Answer: a. Raw material inventory

22. EDI stands for


a. Electronic Data Interface.
b. Electronic Data Interchange.
c. Electronic Distribution Intermediary.
d. Electronic Documentation Interchange
Answer: b. electronic data interchange

23. Packaging performs two functions___________ and logistics.


a. Distribution.
b. Store keeping.
c. Material handling.
d. Marketing.
Answer: d. marketing

24. Place utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
Answer: b. logistics function

25. Time utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
Answer: d. distribution function

26. MRP stands for


a. Material requirement planning.
b. Manpower recruitment process.
c. Machine repair plan.
d. Mechanical re-engineering process.
Answer: a. material requirement planning

27. One of the important role of distribution in SCM towards base cost reduction is
a. Transportation
b. Warehousing/inventory
c. Information
d. all the above
Answer: d. all the above

28. FCL stands for


a. full capacity load
b. full container load
c. freight carrying load
d. foreign container load
Answer: b. full container load

29. When more than one mode of transport is used to move shipment to its destination is
called______________
a. multimodal transportation
b. CFS
c. Mingle model transportation
d. Pipeline transportation
Answer: a. multimodal transportation
30. The activities involved in logistics management include ….... and …….. Transportation
management, fleet management, warehousing.
a) Product and materials
b) Inbound and outbound
c) Raw materials and finished goods
d) Processing and Inventory management
Answer:b. inbound and outbound
31. Vendor selection and management is the task of
a) Production management
b) Physical distribution manager
c) Procurement management
d) HR management
Answer:c. Procurement management
32. In economy of distance the transportation cost per unit of distance decreases as distance
……….?
a) Increases
b) Decreases
c) Same as
d) None of these
Answer: a) Increases
33. Assessment and collection of ………... on import and export cargoes asper customs law
?
a) Customs duties
b) Clearance
c) Tax
d) Income
Answer: a) Customs duties
34. ……………. Is the process of unloading materials from an incoming semi truck and
loading directly into out bounds trucks or trailers.
a) Cross checking
b) Cross docking
c) Berthing
d) Mooring
Answer: a) cross docking
35 ………… and physical distributions are the two major operations of logistics.
a) Supply chain management
b) Materials management
c) Logistics management
d) None of these
Answer: b) Material management
36………… is the provision of service to customers before, during and after a purchase.
a) Customer Service
b) Product management
c) Purchase management
d) None of the Above
Answer: A) customer service
37………… is for controlling inventory in the distribution system. It is guided by customer
demand
a) MRP
b) DRP
c) VMI
d) ATS
Answer: c) VMI
38. IMO stands for?
a) Inter-mediate maritime organization
b) International maritime organization
c) International marketing organization
d) International management operation
Answer: b) International maritime organization

39. Reverse logistics is required because


a. Goods are defective
b. the customer simply change their minds
c. Goods are unsold
d. All of the above
Answer: d) All of the above

40. _______ are meant to store products for moderate to long period of time.
a. Storage warehouses
b. Distribution warehouses
c. Automated warehouses
d. Private warehouse
Answer: a) Storage warehouse

41. Packaging performs two functions._________ and logistics.


a. Distribution.
b. Store keeping.
c. Material handling.
d. Marketing.
Answer: Marketing

42. Form utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
Answer: a) operation function

43. Place utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
Answer: b. logistics function

44. Time utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
Answer: d. distribution function

45. The maintenance of a minimum possible level of inventory required for a desired level
of customer service is the objective of
a. right response.
b. right quality.
c. right quantity.
d. right value.
Answer: c. right quantity

46. The delivery of a damaged product has


a. An increase in its value.
b. A decrease in its value.
c. No change in its value.
d. Better demand.
Answer: b. a decreases in its value

47. One of the important role of distribution in SCM towards base cost reduction is
a. Transportation
b. Warehousing/inventory
c. Information
d. all the above
Answer: d. all of the above

48. MRO stands for


a. Management Resource Outstanding
b. Maintenance Repair Operative
c. Marketing Reverse Order
d. Maintenance Record Overview
Answer: b. maintenance repair operative

49. The_______ has made it possible for other companies to eliminate intermediaries and
sell directly to the end consumer.
a. SCM
b. Internet
c. competition
d. global source
Answer: b. internet

50. Which of the following is not an area of responsibility for a logistics manager?
a. inventory
b. marketing
c. warehousing
d. purchasing
Answer: b. marketing

51. A ____________ encompasses all activities associated with the flow and transformation
of goods from the raw material stage, through to the end user, as well as the associated info
ration flows.
a. production line
b. supply chain
c. marketing channel
d. warehouse
Answer: b. supply chain

52. Which of the following are not key attributes of supply chain management?
a. inventory control
b. leveraging technology
c. customer power
d. a long - term orientation
Answer: c. customer power
53. Cross docking is the major SC technique used by
a. Flip kart
b. Wall mart
c. Dell
d. Zara
Answer: b. wall mart

54. The business activity of farming out identified non-core activities to external agencies is
a. Logistics.
b. SCM.
c. Outsourcing.
d. Distribution.
Answer: c. outsourcing

55. Which of the following types of container is used to carry oversized cargo?
a. Bulk
b. Flat rack
c. Reefer
d. Tank.
Answer: b. flat rack

56. Which of the following is not a component of 4PL?


a. Control Room (Intelligence)
b. Resource Providers
c. Information
d. Recycling
Answer: d. recycling
57. Logistics is the part of supply chain involved with the forward and reverse flow
of
a. Goods
b. Services
c. Cash
d. All of the above
Answer: d. all of the above

58. Distribution requirements planning is a system for


a. Inventory management
b. Distribution planning
c. Both ‘a’ and ‘b’
d. None of the above
Answer: c. both A and B

59. What are the elements of logistics system?


a. Transportation
b. Warehousing
c. Inventory management
d. All of the above
Answer: d. All of the above

60. How many major ports are there in India?


a. 10
b. 12
c. 13
d. 15
Answer: c 13
61. Which was the first commercial; airport in India?
a. MUMBAI- JUHU Airport
b. Indira Gandhi International Airport , New Delhi
c. Bangalore international Airport, Bangalore
d. Chathrapati Shivaji international Airport, Mumbai
Answer: a. Mumbai – Juhu Airport

62. Who invented the container?


a. Philip cotler
b. Malcom McLean
c. Hendrik
d. McCarthy
Answer. B. Malcom McLean

63. TEU stands for?


a. Total efficient unit
b. Twenty efficient unit
c. Twenty -foot Equivalent Units
d. Total foot Equivalent Units
Answer: c. twenty -foot Equivalent Units

64. General purpose container are also called?


a. dry container
b. refer container
c. flat rack container
d. insulated container
Answer: a. dry container
65. The movement of raw goods from their native site to the point of use in manufacturing
is ……………
a. inventory management
b. material handling
c. warehouse management
d. transportation management
Answer: b. material handling

66. Identifying and evaluating potential suppliers, obtaining price quotes negotiating and
managing suppliers is ……………….
a. inventory management
b. procurement
c. marketing
d. purchasing
Answer: b. procurement

67…………… is defined as the marketing function that involves holding goods between the
time of their production and their final sale?
a. product storage
b. product movement
c. product development
d. product distribution
Answer: a. product storage

68. FOB stands for


a. find on board
b. free on board
c. freight on board
d. freight on back
Answer: free on board

69. NVOCC stands for


a. no vessel- operating common carrier
b. non vessel – organization container cell
c. non vessels-operating container carrier
d. no vessel- operating container cell
Answer: a. No vessel- operating common carrier

70. LCL stands for


a. low container load
b. less carrier load
c. less than container load
d. low than container load
Answer: c. less than container load

71. IMDG stands for


a. international marine dangerous goods
b. intermediate maritime dangerous goods
c. intermodal marine dangerous goods
d. international maritime dangerous goods
Answer: b. international maritime dangerous goods

72. Public warehouse can be lent for both business and ………. Use
a. public
b. personal
c. commercial
d. domestic
Answer: personal

73. Warehousing is the process of storing …….. Which are to be distributed later.
a. goods
b. semi-finished goods
c. materials
d. machines
Answer: a. goods

74. Packaging refers to the process of …………and developing a suitable package for
enclosing and holding the product.
a. creating
b. designing
c. manufacturing
d. collecting
Answer: b. designing

75. ………….. Help to identify the product no matter how the customer see it and under
what circumstances
a. branding
b. marketing
c. packaging
d. identification
Answer: c. packaging

76. Which includes in stakeholders


a. customer
b. communities
c. government
d. all the above
Answer: d. all of the above

77. A method of ocean cargo services using a vessel with ramps which allows wheeled
vehicles
a. ro-ro
b. lo-lo
c. hi-lo
d. straddle carrier
Answer: a. ro-ro

78…………… have a direct stake in the company in they earn an income to support
themselves
A .customer
b. consumer
c. employees
d. financer
Answer. Employees

79. Inventory for Raw materials, parts and components for production are called
a. Production inventories
b .MRO Inventories
c. finished goods inventories
d. In process inventories
Answer: a.Production inventories

80. _____________________is guidelines concerning what to purchase/manufacture, when


to take action and in what quantity
a. Warehouse policy
b. Inventory policy
c. Marketing policy
d. None of these
Answer: b. inventory policy

81. The carrier receipt in air transport is called_____________________


a. Bill of lading
b. Air freight invoice
c. Air way bill
d. Consignment note
Answer: Air way bill

82. Service providers in Logistics are called


a. 3PL
b. Outsourcing
c. Transporters
c. Vendors
Answer: c. Vendors

83. Which inventory management technique that determines the value of inventory items
bases on their importance to the business?
a. ABC Analysis
b. XYZ Analysis
c. VED Analysis
d. FSN Analysis
Answer: a. ABC Analysis

84. Packaging performs two functions. ___________ and logistics.


A. Distribution.
B. Store keeping.
C. Material handling.
D. Marketing.

Answer: d. marketing

85. Vessels that carry railway passenger and freight rolling stock are
A. OBO.
B. RO/RO.
C. SD 14.
D. Train ferry.
Answer: D: train ferry

86. He shipping route that lies between Western Europe, Eastern Canada and the United
States is
A. The North Atlantic route.
B. The Mediterranean – Red Sea -Indian Ocean route.
C. The Cape route.
D. The South Atlantic route.

Answer: a The North Atlantic Route

87. Cost efficiency is determined by which of the following drivers?


A. Supply Costs, Experience, Product/Process Design and Economies of Scale.
B. Supply Costs & Economies of Scale.
C. Product/Process Design and Economies of Scale.
D. Experience.

Answer: b. Supply and Economies of Scale

88. In Railway transportation the ownership in with…………….


a. Manufacturer
b. Third Party
c. Buyer
d. Government
Answer: d. Government

89. The first thing that the consumer will notice about the product is the …………. Of the
product.
a. Price
b. Packaging
c. Expiry date
d. Bar code
Answer: b. Packaging

90. …………..refers to supply chain practices that strive to reduce energy and
environmental
footprints in terms of freight distribution.
a. Inbound Logistics
b. Green Logistics
c. Outbound Logistics
d. SCM
Answer: b. Green Logistics

91. Buying according to the requirements is called …………


a. Seasonal Buying
b. Scheduled Buying
c. Tender Buying
d. Hand to mouth buying
Answer: d. Hand to mouth buying

92. Re-order level depends upon two factors, lead time and ……….
a. Inventory
b. Warehouse
c. Procurement
d. Safety stock
Answer: .d. Safety Stock

93. ………..can move carton loads or pallet loads horizontally or vertically.


a. Conveyor belts
b. Cranes
c. Elevators
d. Forklift trucks
Answer: d. Forklift trucks

94. Customer service create time and ………. utility for the customer.
a. distribution
b. supply
c. place
d. sales
Answer: c. Place

95. 3-PL stands for


a. Three points logistics
b. Third party logistics
c. Three points location
d. The Party Logistics
Answer: b. Third Party Logistics

96. ……………….is the process of planning implementation and control of transportation


Services to achieve organization goals.
a. Logistics Management
b. Transportation Management
c. Supply Chain Management
d. Distribution Management
Answer: b. Transportation Management

97. Supply chain management has its own origin in operation of …….. Enterprise.
a. Business
b. Trading
c. Non profit
d. Social
Answer: a. Business

98. The concept of logistics has been systematically divided into


a. 2 phases.
b. 3 phases.
c. 4 phases.
d. 5 phases
Answer: b. 3 phases

99. Time utility is created by


a. Operation function.
b. Logistics function.
c. Procurement function.
d. Distribution function.
ANSWER: d. distribution function

100. Competitive advantage can be created and achieved by logistics managers by


a. cost advantage.
b. Quality.
c. value advantage.
d. cost and value advantage.
ANSWER: d. cost and value advantage.

101. The upstream supply chain is:


a. exclusively inside an organization.
b. involved with procurement of material from suppliers.
c. the distribution of products or delivery of services to customers.
d. both the first and third answer
ANSWER: B involved with procurement of material from suppliers

102. MRO stands for


a. Management Resource Outstanding
b. Maintenance Repair Operative
c. Marketing Reverse Order
d. Maintenance Record Overview
ANSWER: B. Maintenance repair operation

103. The has made it possible for other companies to eliminate intermediaries
And sell directly to the end consumer.
a. SCM
b. Internet
c. competition
d. global sourcing
ANSWER: B. internet
104. The impact of cost reduction on profits is much larger than the impact of increased
a. innovation.
b. production
c. information.
d. sales
ANSWER: D) sales

105. Large amount o0f cargo could be transported which meant that transporters behind
from the economies of scale.
a. containerization
b. standardization
c. logistics
d. supply chain management
Answer: a, containerization

106. Who is approving the CSE plate?


a. owner of the container
b. government
c. shipping line
d. customs
Answer: owner of the container

107.Maximum weight capacity of the 20 feet container?


a. 28280
b.30480
c.25380
d. 29380
Answer: a.28280
108. What is the service periods for container?
a. 7
b.5
c.8
d.25
Answer: d. 25

109. Break-Bulk warehouse performs ………function.


a. Warehousing
b. Collecting
c. Sorting
d. Supply
Answer: c. Sorting

110. VMI stands for


a. Vendor material inventory
b. Vendor managed inventory
c. Variable material inventory
d. Valuable material inventory
Answer: b. Vendor managed inventory

111. Market logistics planning has ________ steps.


a. Three
b. Four
c. Two
d. Five
Answer: a. Three
112. ABC focuses on…………..activities.
a. Important
b. Individual
c. Logistics
d. Procurement
Answer: b. Individual

113. _______ are meant to store products for moderate to long period of time.
a. Storage warehouses
b. Distribution warehouses
c. Automated warehouses
d. Private warehouse
Answer: a. Storage warehouse

114. The load of goods carried on aboard a ship or another means of transport is called?
a) vessel
b) Package
c) Cargo
d) Materials
Answer: c) cargo

115. …………. Is the concept based on the fact that an activity should not take place until
there is a need for it.
a) DRP
b) MRP
c) JIT
d) AITS
Answer: c) JIT
116. What technique you use in warehouse for enable quick, accurate data entry
a) Tracking
b) Containerization
c) Pallet stacking
d) Bar coding
Answer: d) Barcoding

117. Open top containers are especially suitable for transporting …………..?
a) Wide cargo
b) Over height
c) Bulk quantity
d) Vehicles
Answer: b) over height

118.. ………….are electric power drives and operate on fixed rails at base and top each
aisle they are used for lifting the loads about 2 tones up to a height of 60
a) Stackers crane
b) Tow lines
c) Conveyors
d) Fork lifts
Answer: d) fork lift
119. ………….. is not a function of logistics management
a) Production function
b) Procurement function
c) Physical distribution function
d) Advertisement
Answer: d) Advertisement
120. Intercompany computer to computer exchange of business documents is standard
format is called …………?
a) ERP
b) Fax
c) EDI
d) Email
Answer: c)EDI

121.. Who is consignee?


a) Send goods
b) Export goods
c) Sells goods
d) Import goods
Answer:d) import goods

122. The product of moving goods from their final destination for the purpose capturing
value or proper disposal is ………..
a) Stock return
b) Physical movement
c) Material management
d) Reverse logistics
Answer: d) Reverse logistics

123. The carrier receipt in air transport is called……….


a) Bill of lading
b) Shipping bill
c) Air way bill
d) Bill of entry
Answer: c) Airway bill
124. A firm that provide transportation services, typically owning and operating
transportation equipment.
(a) Freight forwarder
(b) FOB
(C) Carrier
(d) Loss and damage
Answer: (c) carrier

125. A transportation system design in which large hub terminal are used for freight
consolidation
(a) cross dock
(b) hub and spoke
(c) FTL
(d)LTL
Answer: b. hub and spoke

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