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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-4 section-3

Each section contains 100 MCQs on Engineering Economics .
31
What refers to the goods and services that are required to support human life, needs and activities?
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Answer & Solution
Answer: Option D
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32
What market situation exists where there are few sellers and few buyers?
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Answer & Solution
Answer: Option C
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33
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.
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Answer & Solution
Answer: Option D
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34
The wages of supervisors and material handlers are charged as:
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Answer & Solution
Answer: Option A
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35
In computing depreciation of an equipment, which of the following represents the first cost?
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Answer & Solution
Answer: Option D
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36
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.
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Answer & Solution
Answer: Option C
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37
The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as
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Answer & Solution
Answer: Option B
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38
What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render?
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Answer & Solution
Answer: Option A
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39
What refers to the present worth of all the amount the bondholder will receive through his possession of the bond?
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Answer & Solution
Answer: Option D
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40
What represents the share of participation in business organizations?
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Answer & Solution
Answer: Option C
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