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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-8 section-1

Each section contains 100 MCQs on Engineering Economics .
71
Under ordinary simple interest, how many days in one year?
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Answer & Solution
Answer: Option B
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72
The original record of a business transaction is recorded in this book.
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Answer & Solution
Answer: Option B
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73
What are the common methods of computing depletion charge?
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Answer & Solution
Answer: Option C
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74
A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment?
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Answer & Solution
Answer: Option D
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75
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?
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Answer & Solution
Answer: Option C
Solution:
In the context of engineering economics, luxury refers to goods and services that are desired by humans but are acquired only after all the basic needs (necessities) have been satisfied. Luxuries are typically non-essential items or services that provide comfort, pleasure, or prestige, but they are not essential for survival or basic functioning. Therefore, the correct option is Option C: Luxury.
76
Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%.
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Answer & Solution
Answer: Option C
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77
What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually.
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Answer & Solution
Answer: Option B
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78
Both architect and engineer make use of the cost estimate of the project:
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Answer: Option D
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79
What refers to the present worth of cost associated with an asset for an infinite period of time?
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Answer & Solution
Answer: Option C
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80
The interest calculated on the basis of 365 days a year, is known as:
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Answer & Solution
Answer: Option C
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