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1. The recent trend in Production/Operations management which aims to use minimal resources to produce high volumes of high-quality goods with some variety is called:

SCM TQM Lean Production Just-In-Time

2. Effective capacity cannot be determined by which of the following factors?

Product design and product-mix Quantity and quality capabilities Facilities None of the above

3. At which stage should management change its strategy from "buy my product" to "try my product"?

Introduction Growth Maturity Decline

4. Occasional check-ups of the products manufactured or assembled to ensure high quality is called:

Planning Scheduling Inspection Routing

5. Which of the following standards is associated with "Quality Assurance in Final Inspection Test"?

ISO 9001 ISO 9002 ISO 9003 ISO 9004

6. In project management, which of the following statements is NOT correct?

Gantt chart is a principal tool used in scheduling and some methods of loading. Routing is the first step in production planning. The cost of any activity is proportional to its time of completion. The free float can be calculated by subtracting EFT from EST.

7. Which of the following statements is NOT correct?

Preventive maintenance includes lubrication, cleaning, and periodic overhaul. The two types of cost — cost of premature replacement and cost of breakdown — need to be balanced. Wear and obsolescence are the two main causes of machinery replacement in every aspect of life. A machine is technically obsolete when another machine can do the same job more efficiently with reduced time and cost.

8. To determine the best location for a plant to ensure maximum operational efficiency, which of the following is considered?

Plant layout Facility location Capacity planning Capacity requirement

9. Which of the following models deals with the physical movement of goods from various supply origins to multiple demand destinations?

Simulation Transportation Lean operations Line balancing

10. One of the objectives of maintenance is:

To prevent obsolescence To ensure spare parts management To satisfy customers To extend the useful life of plant & machinery without sacrificing performance

June 2018 OMSM Paper

The Number of MCQs are limited as per ICMAI Past Paper in Syllabus 2016