2201. Profit is equal to revenue minus
book value
total cost
operating cost
none of these
✅ The correct answer is option B.
Chemical Engineering
Prepare with the best Chemical Engineering MCQs with answers and detailed explanations for exams and job tests. Our collection covers key topics such as chemical process calculations, thermodynamics, fluid mechanics, heat transfer, mass transfer, reaction engineering, instrumentation, and plant design. These Chemical Engineering multiple-choice questions are ideal for students, competitive exam aspirants, and professionals preparing for NTS, PPSC, FPSC, PEC exams, GATE, university entry tests, and job interviews. Practice online with updated Chemical Engineering MCQs to strengthen your concepts and improve technical problem-solving skills.
2202. ‘Six-tenth factor’ rule is used for estimating the
equipment installation cost.
equipment cost by scaling.
cost of piping.
utilities cost.
✅ The correct answer is option B.
2203. Personnel working in the market research group is reponsible for the job of
equipment selection.
product evaluation.
equipment design.
cost estimation.
✅ The correct answer is option B.
2204. An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the
manufacturing cost.
depreciation by sinking fund method.
discrete compound interest.
cash ratio.
✅ The correct answer is option B.
2205. Which of the following does not come under the sales expenses for a product of a chemical plant ?
Advertising
Warehousing
Legal fees
Customer service.
✅ The correct answer is option C.
2206. The economic life of a large chemical process plant as compared to a small chemical plant is
only slightly more
much more
slightly less
almost equal
✅ The correct answer is option B.
2207. Which of the following is not a mathematical method for evaluation of profitability of a chemical process plant ?
Cash reserve.
Rate of return on investment.
Payout period.
Discounted cash flow based on full life performance.
✅ The correct answer is option A.
2208. Scheduling provides information about the
proper utilisation of machines.
means to minimise idle time for machines.
time of completion of job.
time of starting of job and also about how much work should be completed during a particular period.
✅ The correct answer is option D.
2209. In a chemical process plant, the total product cost comprises of manufacturing cost and the
general expenses
overhead cost
R & D cost
none of these
✅ The correct answer is option A.
2210. Expenditure on research and development (R & D) is categorised as the __________ , while making an estimate of the total product cost for a chemical plant.
overhead cost
fixed expenses
general expenses
direct production cost
✅ The correct answer is option C.