2211. Generally, income taxes are based on the
total income
gross earning
total product cost
fixed cost
✅ The correct answer is option B.
Chemical Engineering
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2212. Nominal and effective interest rates are equal, when the interest is compounded
quarterly
semi-annually
annually
in no case, they are equal
✅ The correct answer is option C.
2213. If an amount R is paid at the end of every year for ‘n’ years, then the net present value of the annuity at an interest rate of i is
R(1 + i)n
R/(1 + i)n
✅ The correct answer is option B.
2214. Which of the following is the cheaptest material of construction for the storage of sodium hydroxide upto a concentration of 75% ?
Stainless steel
Plain carbon steel
Nickel
Copper
✅ The correct answer is option B.
2216. Which of the following is not a current asset of a chemical company ?
Inventories
Marketable securities
Chemical equipments
None of these.
✅ The correct answer is option C.
2217. The depreciation during the year ‘n’, in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage ‘N’ to the
initial cost.
book value at the end of (n – 1)th year,
depreciation during the (n – 1)th year.
difference between initial cost and salvage value.
✅ The correct answer is option B.
2218. In an ordinary chemical plant, electrical installation cost may be about
10-15% of purchased equipment cost.
3-10% of fixed capital investment.
either (a) or (b).
neither (a) nor (b).
✅ The correct answer is option C.
2219. Depreciation
costs (on annual basis) are constant when the straight line method is used for its determination.
is the unavoidable loss in the value of the plant, equipment and materials with lapse in time.
does figure in the calculation of income tax liability on cash flows from an investment.
all (a), (b) and (c).
✅ The correct answer is option D.
2220. Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment.
10 to 20
20 to 40
45 to 60
65 to 75
✅ The correct answer is option B.