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| Type | Commercial Circular |
|---|---|
| Topic | ticket-checking |
Inactive items are those stock items, stock of which
AFP- STORES QUESTION BANK Q No. 1 Answer briefly any five of the following:- A) What are the advantages of standardisation ? B) What is the role of value analysis in Material Management? C) What is the difference between a limited tender and a special Limited tender? D) How Rails & P. Way items are condemned in the Rlys ? E) What is the difference between a Tender committee and a Survey committee ? F) What will happen if all items needed in Rlys. are made as stock items ? Q No. 2 Describe various methods of Inventory control in Indian Rlys. Q No. 3 Explain how a little saving in inventory may effect profitability of the organisation significantly & why? Give suitable example. Q No. 4 (a) List various sources of scrap mobilisation. (b) How overage & underage wagons are condemned ? Q No . 5 Write short notes on the following : (a) Pareto law of Mal-distribution (b) Turnover Ratio (c) Computerization in store applications (d) Service level (e) Fixation of Reserve price (f) EOQ Model Q No. 6 What is the difference between EMD and SD ? Q. No. 7 Describe imprest stores ? Q. No. 8 While describing an item for example, " Soap toilet ordinary" is written instead of "Ordinary toilet soap". Give reasons for your answer. Q No. 9. Describe ABC and VED analysis . Q.10. Write short notes : A) Global tenders B) Confirmed and irrevocable Letter of Credit Q.11. Differentiate between: A) FOB and FAS B) Bill of Lading and Bill of entry C) Bankers buying and selling rates D) Wharfage and demurrage Q.12 Expand the following (a) DGFT (b) FERA (c) MMTC (d) DGS&D Q. 13 Describe different types of supply tenders. Q.14 Describe briefly different types of supply contracts ? Q.15 Under what circumstances we can invite singe tender ? Q.16 What are the functions of materials Management department on Railways ? Q.17 Describe the scheme of material codification on Railways. Q.18 What is the difference between ordinary stores & emergency stores ? Q.19 Why do we provide buffer stock ? Q. 20 Enlist different agencies of procurement? Q. 21Write a short note on valuation of returned Stores. Q.22 Enlist any three INCO terms (full form) Q.23 What is letter of credit & how it is opened ? Q.24 What is a PAC ? Q.25 Explain Turnover Ratio? Calculate turnover ratio based on following data - Stock value as on 01.10.10- Rs. 20 Cr Current total issues from 01.04.10 to 30.09.10- Rs. 100 Cr Q.26 What is Economic Order Quantity (EOQ) ? Explain with the help of diagram. Q.27 Write full form of following abbreviation:- (a) FOB (b) CIF (c) FOR (d) FAS (e) RLO (f) CRS Part- I Please tick the most appropriate choice: Q.1. Imports made by Railways attract following taxes/duties: A) Customs duty B) Sale Tax C) Customs duty + Sales tax D) Excise duty + Customs duty Q.2. For clearing the Cargo through customs Dept., importer has to submit a document called: A) Import Manifest B) Import Application C) Bill of Entry D) Airway Bill Q.3. Indian agent is paid in Indian rupees, which are worked out based on the exchange rate: A) Bank's selling Rate- Bill B) Bank's selling Rate- TT C) Bank's Buying Rate- Bill D) Bank's Buying Rate- TT Q.4. For importing an item, Zonal Railway/Production Unit obtains the foreign exchange from : A) Open Market B) Railway Board C) Reserve Bank of India D) Ministry of Finance Q.5. In confirmed and irrevocable letter of credit, there is definite undertaking by: A) Issuing bank only B) Confirming bank only C) Confirming bank as well as issuing bank D) Issuing Bank, advising bank and confirming bank Q.7. In FOB contract, the seller bears all the charges until the cargo: A) Is delivered to the agent of shipping company B) Passes over the railing of ship C) Is loaded and stacked on the vessel D) Is delivered at the po
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