This Paper has 50 answerable questions with 0 answered.
F—13(OPM)
Revised Syllabus |
| Time Allowed : 3 Hours | Full Marks : 100 |
| The figures in the margin on the right side indicate full marks. |
Answer Question No. 1 & Question No. 6, which are compulsory and any two other
questions from Section I and any two other from Section II. |
| Please answer all the bits of a question at one place. |
| SECTION I |
| Marks |
| 1. | (a) | Match each item in the left hand Column A with an appropriate item in the right hand Column B. | Column A | Column B | (A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
(J) | Tapping
Shot Blasting
Therblig
Kaizen
Ergonomics
Cost Reduction
Steel Production
Calcination
Polymerisation
Combustion | (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10) | Improvement of work
Elementary motion
Surface treatment
Human Factor Engineering
Machining
Cement
Process Heating
Plastics, Synthetic Fibres
Value Analysis
Open Hearth Furnace |
| ½x10=5 | (0) |
| | (b) | Find out whether the following statements are True/False | 1x5=5 | |
| | | (i) | A CNC machine is controlled by a host of computers. | | (0) |
| | | (ii) | Flow process chart includes transportation and storage activity. | | (0) |
| | | (iii) | Process layout is suited to mass production. | | (0) |
| | | (iv) | Chucks are used for holding Head stock. | | (0) |
| | | (v) | ISO 9002 will be adopted by organization having manufacturing and installation activities but no design and development. | | (0) |
| | (c) | Expand the following acronyms: | 1x5=5 | |
| | | (i) | PMTS | | (0) |
| | | (ii) | MTBE | | (0) |
| | | (iii) | CIM | | (0) |
| | | (iv) | SMH | | (0) |
| | | (v) | ISO | | (0) |
| | (d) | In each of the cases given below one out of four answers is correct. Indicate the correct answer: | 1x5=5 | |
| | | (i) | In a work sampling study, a technician was found to be idling for 20% of the time. The number of observations need to be taken to establish this idleness at a confidence level of 95% and an accuracy level of ± 5% is | (A) | 4800 | (B) | 14400 | (C) | 320 | (D) | 6400 |
| | (0) |
| | | (ii) | A worker has clocked in 2480 manhours and produced 509 standard manhours of work. He was idle for 331 manhours during this period. What is his productivity index? | (A) | 20.52% | (B) | 23.68% | (C) | 77.38% | (D) | 79.48% |
| | (0) |
| | | (iii) | ABC analysis is normally used in (A)
(B)
(C)
(D) | SQC
Production Planning and Control
Value analysis
Inventory control |
| | (0) |
| | | (iv) | SIMO chart is used in (A)
(B)
(C)
(D) | Work measurement
Method study
Quality control
Down time analysis. |
| | (0) |
| | | (v) | Jigs are used in Machine Tools for holding | (A) | Tools | (B) | Work piece | (C) | Head stock | (D) | Tail stock |
| | (0) |
| 2. | (a) | Draw the typical job description of a "Loader" in the dispatch section of a manufacturing organization. | 6 | (0) |
| | (b) | The following tasks are to be performed on an assembly line in the sequence and times specified. | Task | Time (Seconds) | Tasks that must precede | A
B
C
D
E
F
G
H | 50
40
20
45
20
25
10
35 | —
—
A
C
C
D
E
B,F,G |
| (i) | Draw the schematic diagram. |
| (ii) | What is the theoretical minimum number of stations required to meet a forecast demand of 400 units per an 8–hour day? |
| (iii) | Use the longest task time rule and balance the line in the minimum number of stations to produce 400 units per day. |
(iv) Evaluate the Line Efficiency and the Smoothness Index. | 3+1+3+1+1 | (0) |
| 3. | (a) | A tool manufacturing SSI unit requires about 900 nos. of HSS bars of size 2 cms square and 10 cms length in machined and annealed condition. The unit can get the input as above in two ways: | (i) | Purchase unmachined HSS bars of standard size of 2.5 cms square and 10 cms length from market at a price of Rs. 60.00 per piece and then machine in its machine shop with shapers to size 2 cms square and 10 cm length and anneal it further in its heat treatment shop. The cost of shapers is Rs. 6.00 per cubic centimeter of metal removed. The annealing cost is Rs. 900 for a batch size of upto 200 nos. maximum and if the batch size is smaller the same cost will be incurred. The HSS scrap produced after machined can be sold in scrap market at the rate of Rs. 4 per cubic cm. |
| (ii) | The unit has got an offer from another firm for supply of machined and annealed HSS bars @ Rs. 115 per piece.Which alternative the unit should adopt? |
| (4+4+2)+5 | (0) |
| | (b) | Suggest certain measures to improve productivity in a small manufacturing unit for machining of small castings of same size and shape in a mass scale. | | (0) |
| 4. | (a) | Discuss the locational factors to be considered while setting up an Industry. | 7+(6+2)=15 | (0) |
| | (b) | APTECH LTD. a ball bearing manufacturing Co. manufactures three types of ball bearings Mx, BA, and BN. During the year 2007–08, the total production of bearings were 10000, 12400 and 12000 nos. of Mx, BA, and BN respectively. The standard Man–hours (SMH) for each type of ball bearing are 25, 20 and 12.5 respectively. In that year the company employed 900 workers (both piece workers and day–workers). The ratio of piece workers and day workers was 1:0.5. The company worked 50 weeks in the year 2007–08 with 6 days of 5 hourly double shifts.
Equal number of piece workers were deployed in each shift.
Assuming on an average 10% absenteeism among the Industrial workers, what was the productivity of piece workers in the year 2007–08? | | (0) |
| 5. | Write short notes on any three of out of the following: | 5x3=15 | |
| | (a) | Heat Treatment | | (0) |
| | (b) | Learning Curve | | (0) |
| | (c) | Resistance to change | | (0) |
| | (d) | Development of a new product in manufacturing Industry. | | (0) |
| 6. | (a) | Expand the following acronyms: | 1x5=5 | |
| | | (i) | SCBA | | (0) |
| | | (ii) | WBS | | (0) |
| | | (iii) | IIBI | | (0) |
| | | (iv) | ROCE | | (0) |
| | | (v) | LCC | | (0) |
| | (b) | Mention whether the following statements are "True" or "False": | 1x5=5 | |
| | | (i) | Preoperative expenses are those which are incurred till the date of commencement of the project. | | (0) |
| | | (ii) | Capital Rationing is spreading funds to all the projects, when total funds available are insufficient. | | (0) |
| | | (iii) | The earliest occurrence time and the latest occurrence time for an event on the Critical Path of a PERT Network are the same. | | (0) |
| | | (iv) | Capital Ratio is the reverse of Turnover Ratio. | | (0) |
| | | (v) | Detailed Project Report is prepared before the Feasibility Report. | | (0) |
| | (c) | Match the items in Column I with the most suitable description in Column II. | Column I | Column II | (A)
(B)
(C)
(D)
(E) | Mile Stone
Deferred Credit
Demand Forecasting
Critical Activity
Project Control | 1.
2.
3.
4.
5. | Machinery & Equipment
Zero Float
Project Event
Line of Balance Chart
Trend Projection Method |
| 1x5=5 | (0) |
| | (d) | Choose the most appropriate one from the stated options and write it down. (only indicate A, B, C, D as you think Correct.) | 1x5=5 | |
| | | (i) | Taxonomy of a Project means: (A)
(B)
(C)
(D) | Tax Incentive
Project Quality
Project Classification
Economy |
| | (0) |
| | | (ii) | BEP denotes (A)
(B)
(C)
(D) | A type of Contract
Project Implementation
Project Feasibility
Project Organization |
| | (0) |
| | | (iii) | Bilateral Aid means; (A)
(B)
(C)
(D) | Government (of one country) to Government (of another country) aid
Aid from state holders of the company
Aid from financial institutions
Financing against hypothecation of fixed assets. |
| | (0) |
| | | (iv) | SWOT is: (A)
(B)
(C)
(D) | Networking
Organizational Analysis
Banking Financing
None of the above |
| | (0) |
| | | (v) | Commercial Paper means: (A)
(B)
(C)
(D) | News Paper
Application for loan
Capital Rationing
A method of obtaining Working Capital. |
| | (0) |
| 7. | (a) | What is IRR? What is its relevance in selection of a project? | 1+2 | (0) |
| | (b) | INTEL CORPORATION LTD has been offered a contract to develop a particular IC for use in Robotic Welding machine. The contract price negotiated is contingent on meeting a specified delivery time, a bonus being given for early delivery. The various activities and their cost and the time are as follows: | Activity | Normal time (weeks) | Crash time (weeks) | Normal cost (Rs.) | Crash cost (Rs.) | 0 — 1
1 — 2
1 — 3
2 — 3
2 — 4
3 — 4
4 — 5 | 2
4
8
6
9
5
2 | 2
3
5
4
7
3
2 | 6000
6000
12000
11000
9500
9500
6000 | 6000
13000
18000
13000
13500
17500
6000 |
The normal delivery time is 19 weeks for a contract price of Rs. 65000. Based on the calculated profitability for each of the following specified delivery time,what delivery schedule do you recommend that Intel Corporation Ltd. may implement? | Delivery time (weeks) | Contract amount (Rs.) | 19
18
17
16
15
14 | 65000
68000
70000
77000
84000
85000 |
| (2+2+5+3) | (0) |
| 8. | VIBGYOR LTD. proposes a Project with the following data: | (i) | Total outlay : Rs. 450 lakhs (Rs. 250 lakhs of Fixed Assets and Rs. 200 lakhs of Current Assets. | | (ii) | Scheme of Financing : Equity : Rs. 100 lakhs. Term Loan: Rs. 200 lakhs, Working Capital Advance Rs. 100 lakhs and Trade Creditors Rs. 50 lakhs. | | (iii) | Interest rates : Term Loan — 12% p.a. and Working Capital Advance; 15% p.a. | | (iv) | Term Loan is repayable in 5 equal installments, commencing from 3rd year of operations. (Assume that installment for each year is paid on the last day of the year). | | (v) | Depreciation : 30% on Written Down Value. | | (vi) | Production is expected to reach 60% of capacity in the 1st year of operations, 70% in the 2nd year and 80% from 3rd year onwards. | | (vii) | Expected revenue from the project will be Rs. 500 lakhs p.a. on 100% capacity utilisation and corresponding Direct Costs are Rs. 200 lakhs. Fixed Costs are Rs. 100 lakhs p.a. Working Capital and advance of Rs. 100 lakhs is on 80% capacity and proportionately reduced in the first two years. | | (viii) | Tax Rate applicable in 50%. Assuming that each year’s production is sold away in the same year. | | Requirements: |
| (i) | Prepare Projected Profit and Loss Account for each year (year–1 to 7) of operation and the operational cash flow. |
| (ii) | Calculate the Debt Service Coverage Ratios (DSCR) for the said years and also average DSCR. |
| 10½+(3½+1) | (0) |
| 9. | (a) | Explain briefly the various methods of forecasting the Market Demand. | 9+3+3=15 | (0) |
| | (b) | What are the merits & demerits of the Econometric Method of Demand Forecasting? | | (0) |
| | (c) | Khushboo Cosmetics have Talcum Powder as their main product. Its price was Rs. 40/– per tin which was increased to Rs. 45/– in the subsequent year. As a result, the Sales have gone down from 90,000 to 85,000 tins per year. What is the Price Elasticity of Demand for this product? | | (0) |
| 10. | (a) | Five Projects A, B, C, D and E with the following characteristics are available to an organization: | PROJECT | A | B | C | D | E | Investment (Rs.)
Annual Cash Inflow (Rs.)
Life (in years);
Salvage Value (Rs.) | 20,000
6,000
5
5,000 | 45,000
8,000
10
— | 75,000
15,000
8
— | 1,00,000
15,000
12
15,000 | 1,40,000
25,000
7
50,000 |
Project B is a prerequisite for Project E and Projects C & D are mutually exclusive. If the cost of capital is 10% and the total investment available is Rs. 2,00,000 find out the feasible combination of Projects and rank them on the basis of Net Present Value (NPV) as well as Benefit Cost Ratio (BCR).
Note: Extracted from table: | Year | 5 | 10 | 8 | 12 | 7 | | PVIFA at 10% | 3.791 | 6.145 | 5.335 | 6.814 | 4.868 |
| (4+5+1)+5=15 | (0) |
| | (b) | Deifne the following terms with reference to Project Network; | | (0) |
