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Engineering Economics MCQ Questions & Answers | Civil Engineering

Learn Engineering Economics MCQ questions & answers are available for a Civil Engineering students to clear GATE exams, various technical interview, competitive examination, and another entrance exam. Engineering Economics MCQ question is the important chapter for a Civil Engineering and GATE students. Page-10 section-1

Each section contains 100 MCQs on Engineering Economics .
91
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?
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Answer & Solution
Answer: Option A
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92
The functional depreciation is sometimes called ______.
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Answer & Solution
Answer: Option B
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93
What is the simplest form of business organization?
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Answer & Solution
Answer: Option A
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94
Double taxation is a disadvantage of which business organization?
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Answer & Solution
Answer: Option C
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95
What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?
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Answer & Solution
Answer: Option B
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96
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?
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Answer & Solution
Answer: Option C
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97
What refers to the negotiable claim issued by a bank in lien of a term deposit?
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Answer & Solution
Answer: Option D
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98
If ‘a’ is the base amount expenditure, ‘b’ is the increase in the operation cost each year over a period of’ 'n’ years, the total cost of maintenance is:
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Answer & Solution
Answer: Option B
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99
A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.
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Answer & Solution
Answer: Option C
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100
Aside from many sellers and many buyers, which one is a characteristic of perfect competition?
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Answer & Solution
Answer: Option D
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