FUNDAMENTALS FICS with answer pdf
FUNDAMENTALS FICS with answer pdf
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
92. Re-order level depends upon two factors, lead time and ……….
a. Inventory
b. Warehouse
c. Procurement
d. Safety stock
Answer: .d. Safety Stock
94. Customer service create time and ………. utility for the customer.
a. distribution
b. supply
c. place
d. sales
Answer: c. Place
97. Supply chain management has its own origin in operation of …….. Enterprise.
a. Business
b. Trading
c. Non profit
d. Social
Answer: a. Business
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
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
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
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