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PAPER PART – I CCE
Question 1
If the variance for a data is 5.8, what is the standard deviation?
a) 2.40
b) 26.28
c) 8.12
d) 6.15
Question 2
If the current price of equipment is $ 5000. What will be it price after four years, if the
interest rate is 2%
a) $ 4500
b) $ 6245
c) $ 8904
d) $ 5412
Question 3
GC Bolts Company received an order of 50 pound of specialized gold plated bolts.
Company sells these bolts for $ 100 per kg. How much will the order cost?
a) $ 2498
b) $ 2268
c) $ 4580
d) $ 2451
Question 4
The range for the data 4,2,5,9,5,8,7,3,5,6,4 is ______
a) 8
b) 7
c) 5
d) 5
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Question 5
What is the mean for data 4,2,5,9,5,8,7,3,5,6,4 ______
a) 9
b) 4.65
c) 5.27
d) 5
Question 6
A system is required to cool a space from 30 degrees to 0 degrees. What is the range in
Fahrenheit?
a) 86 F to 32 F
b) 35 F to 0 F
c) 67 F to 24 F
d) 10 F to 87 F
Question 7
Earned value is defined as
a) Budgeted cost for work scheduled divided by percentage work completed
b) Amount of work performed
c) The total time required to complete the job
d) Product of Budgeted cost for work scheduled (BCWS) and Percentage work
completed
Question 8
Find median for the following data 8, 3, 7,2,8,4,6,3,9
a) 2
b) 6
c) 7
d) 10
Question 9
Which of the following cannot be determined only through forward pass?
a) Early Start
b) Early Finish
c) Total Float
d) Project Duration
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Question 10
To dig a pit of 10 feet by 10 feet and 5 feet deep, how much earth needs to be
excavated in cubic meter? (1 Inch = 25.4mm)
a) 14.16 m3
b) 15.89 m3
c) 17.65 m3
d) 13.13 m3
Question 11
Total site area is 5 acres. How many square feet it will be?
a) 312,890 Sq feet
b) 514,901 Sq feet
c) 217,800 Sq feet
d) 234,271 Sq feet
Question 12
The flow of Money in and out of project i known as __________
a) Cash Flow
b) Project Cash
c) Project budget
d) Cash Finance
Question 13
9 square feet is how many square inches?
a) 890
b) 5612
c) 1346
d) 1296
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Question 14
4 gallons of oil is equal to how many liters of oil?
a) 20.45
b) 16.34
c) 15.14
d) 18.24
Question 15
In scheduling the backward determines the following except?
a) Early Finish
b) Late Start
c) Late Finish
d) Total Float
Question 16
Which of the following is not a recognized step in estimation process?
a) Take-off
b) Costing
c) Pricing
d) Earned Value
Question 17
Which of the following is not true about depreciation?
a) Depreciation is a non cash expense
b) Depreciation reduces taxable income
c) Depreciation allows owner to reduce expenses
d) Depreciation is calculated based on Asset Value
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Question 18
Adjustment to cost to allow for overhead and profit , to improve cash flow is known as
a) Costing
b) Pricing
c) Take off
d) Correcting
Question 19
The process of quantifying the material and labor associated with the project is known
as
a) Take off
b) Costing
c) Adjusting
d) Quantification
Question 20
Which of the following is not a characteristic used to distinguish AACE classes of
Estimates
a) Degree of Project Definition
b) Estimating Methodology
c) End usage
d) Project Size
Question 21
Class 5 and class 4 estimates are often referred to as
a) Order of Magnitude
b) Simple estimate
c) Approximate estimate
d) Accurate Estimate
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Question 22
Which estimating methodologies are used to develop Class 5 and Class 4 estimates?
a) Deterministic
b) Optimistic
c) Conceptual
d) Design based estimate
Question 23
Which of the following is not an Conceptual Estimating Method
a) Physical Dimension Method
b) Capacity Factor method
c) End-Product Units methods
d) Work Breakdown structure
Question 24
Which AACE Class of estimate requires highest level of project definition
a) Class 3
b) Class 1
c) Class 5
d) Class 2
Question 25
If the construction cost of 200 room hotel was $1Million. what will be the approximate
cost to build 400 room hotel?
a) $ 1.2 Million
b) $ 1.8 Million
c) $ 2 Million
d) $ 3 Million
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Question 26
Which of the following method is capable of approximating economy of scale?
a) Physical Dimension Method
b) Capacity Factor method
c) End-Product Units methods
d) Work Breakdown structure
Question 27
In lump sum contract who is at the maximum risk?
a) Owner
b) Contractor
c) Project Manager
d) Vendors
Question 28
In which type of contract the contractor is paid for the legitimate actual cost incurred in
performing the work plus Profit
a) Lump Sum
b) Cost Reimbursable contracts
c) Target contracts
d) Negotiable contracts
Question 29
Which project Delivery method shortens the time frame between planning and
construction
a) Design-Build Method
b) Design-Bid-Build Method
c) Speed Method
d) Indefinite quantity contract method
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Question 30
Which of the following is not a dispute Resolution Method?
a) Negotiation
b) Mediation
c) Arbitration
d) Force Majeure
Question 31
Which type of estimate is preferred for bidding purpose?
a) Class 3
b) Class 1
c) Class 5
d) Class 2
Question 32
Which of the following is not a work progress measurement method?
a) Units completed
b) Incremental Milestone
c) Supervisor opinion
d) Work Breakdown structure
Question 33
Which of the following is not a characteristic of Arrow Diagramming Method (ADM)?
a) Dummy activity
b) Early Start
c) Late Start
d) Claims
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Question 34
What is Minimum Attractive Rate of Return?
a) The rate at which the profit is minimum
b) It represents the minimum rate of return at which the owner is willing to invest
c) Interest rate set by Government
d) The rate at which the profit is maximum
Question 35
Theory X and Theory Y for describing the nature of man towards work was developed
by
a) Douglas McGregor
b) Frederick Herzberg
c) Chris Argyris
d) Abraham Maslow
Question 36
Who developed managerial grid describing different leadership styles
a) Douglas McGregor
b) Frederick Herzberg
c) Robert Blake and Jane Mouton
d) Abraham Maslow
Question 37
“Incremental Milestone” method is suitable for measuring work progress for which type
of tasks
a) Tasks which may take long time
b) Task which involves subtasks which are usually carried out in sequential manner
c) Task consist on number of repeated units involving almost same level of effort
d) Tasks which are performed very quickly
Question 38
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Which of the following is not a work progress measuring technique?
a) Units completed
b) Incremental Milestone
c) Start/Finish
d) Capacity factor method
Question 39
The BCWS is $6000 and if the Project work is 34% complete. what is the BCWP?
a) $2040
b) $4208
c) $6452
d) $3420
Question 40
CV is determined using ______
a) ACWP-BCWP
b) (AC+PWP)/8
c) BCWP-ACWP
d) BCWP-BCWS
Question 41
SV is calculated using
a) ACWP-BCWP
b) (AC+PWP)/8
c) BCWP-ACWP
d) BCWP-BCWS
Question 42
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CPI for a project is 0.92. What is the project status?
a) Project has overrun its budget
b) Cost incurred till date is less than what was planned
c) Project has under run its budget
d) Project work is stopped
Question 43
Which of the following is not a depreciation technique?
a) Straight-Line Depreciation
b) Double Declining Balance Depreciation
c) Modified Accelerated Cost Recovery system Depreciation
d) Incremental Milestone Depreciation
Question 44
Which estimating methodology is used to prepare Class 1 and Class 2 estimates
a) Deterministic
b) Optimistic
c) Conceptual
d) Design based estimate
Question 45
For Capacity Factor method the proration factor typically lies between
a) 0.1 and 0.4
b) 1 and 2
c) 0.5 and 0.85
d) 1.2 and 1.8
Question 46
Class 4 and Class 3 estimate of AACE falls under which ANSI Standard estimate
a) Order of Magnitude
b) Budget Estimate
c) Definitive Estimate
d) Order of Magnitude
Question 47
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Which of the factor is not responsible for inflation?
a) Money Supply
b) Exchange rates
c) Demand-pull inflation
d) Estimation
Question 48
Which of the following is not a schedule development technique?
a) Bar Charts
b) Critical Path Method (CPM)
c) PERT
d) Earned Value Management Technique
Question 49
Which of the following is not a requirement of a contract?
a) There must be clear offer to perform work by one party
b) Work involved must be legal
c) Bond paper
d) Parties involved must be competent
Question 50
Which of the following is not an overlapping relationship?
a) Float to start
b) Start-to-start
c) Finish-to-start
d) start-to-Finish
