Model Questions from Material Management for IPO Examination

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1  What are  the Six  M’s  in a  Management ? 1  .  Men   2. Materials   3. Machine   4.  Methods    5  Money   6  . Market

2. Mention the actions which are  included in process of Management .   The process of Management includes  the Planning , organizing and controlling of six  M’s

3. What are the main areas covered by material management Material Cost  , Materials Utlisation and material Supply

4 What is the main aim of material Management ?   Reducing the cost of  production and distribution

5   ---------  and ------------- are  primary  objectives of Material Management Provision of Materials and  Minimisation of inventory

6  Every  organization its own material management  The above said statement Is True

7   -------- and ---------  are the two faces of material management Maximising  the production or service and  reducing the cost

8  Inventory  control  is related  with --------------- and it helps   to reduce  -----   Material  Management  ---------   Cost of materials

9  Division of material  organization in two  categories  ?              Mention the two  categories  Material  organization for  top functionaries and operating staff

10  what is the role of top material managers  in a organization ?  Decision making related with  budgeting ,planning and programming

11  What are three level of  material management ? 1. Top  Level   2.  Middle Level    3.  Lower level

12  What are the main acts /law related with  purchase or sale of goods ?   Contract act  , sale of goods act, insurance law , Negotiable insurance act  , Excise duty  ,Sale Tax

13   What is meant by  Budget  ?  Financial estimates of income and expenditure of an organization

14   What are the  main objectives of  prepare a budget ?  Plan the activities in a various department , fix the targets , monitor the performance of activities and take decision to corrective measures to achieve the target

15 What is meant material  Budget ? It is a  coordinated estimates of the consumption and purchase of materials in an organization

16  ------------ is  playing a major role in  material  budgeting Accounting

17  What is meant by   Purchase order ? Order  in respect of procuring the material from  the suppliers

18    DGS & D  means   Directorate General of Supplies and Disposals

19 What are the major departments of   DGS& D ?    Supplies wing , Inspection wing ,  Progress wing, Disposals wing

20 First in first out  method  is used  for  ---------- Costing materials

21  What are the essentials of  material Management  Provide best service to  public , Produce maximum efficiency , manage inventories at predetermined levels

22 What is the is a primary responsibility of the materials management group? The creation of material standards, inspections, and returns process

23  The term value analysis  is related with   --------------    Quality control

24   What is meant by value analysis ?    It is a method to examine the functional utility of  a product

25  The action related with the procurement, maintenance, distribution, and replacement of personnel and materiel is called as Logistics

Prepared by  S Jayachandran , SA , Divisional Office , Mavelikara, Kerala -690101 – 9961464279  If you want more questions please contact by  email or mobile  Shankarjayac123@gmail.com or  99614279        Please visit  http://nfpemavelikaradivision.blogspot.com

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