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Business Mathematics - Questions and Answers for Competitive Exams | GkSeries

Questions
49. In Transportation problem optimal solution can be verified by using ____________.
  • [A] north west corner rule.
  • [B] least cost method.
  • [C] MODI method.
  • [D] matrix method.

Answer: Option [C]

50. In North West corner rule the allocation is done in ____________
  • [A] upper right corner.
  • [B] middle cell in the transportation table.
  • [C] cell with the lowest cost.
  • [D] Upper left corner.

Answer: Option [D]

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51. Transportation problem is said to be balanced if ____________.
  • [A] total supply is not equal to total demand.
  • [B] total supply is greater than total demand.
  • [C] total supply is lesser than total demand.
  • [D] total supply is equal to total demand.

Answer: Option [D]

52. The basic feasible solution to a transportation problem is said to be optimal if it ____________.
  • [A] maximizes or minimizes the transportation cost.
  • [B] maximizes the transportation cost.
  • [C] minimizes the transportation cost.
  • [D] has degenerate solution.

Answer: Option [C]

53. In transportation problem if total supply > total demand we add _________
  • [A] dummy row with cost 0.
  • [B] dummy column with cost 0.
  • [C] dummy row with cost 1.
  • [D] dummy column with cost 1.

Answer: Option [B]

54. In North West corner rule if the demand in the column is satisfied one must move to the _________.
  • [A] left cell in the next column.
  • [B] right cell in the next row.
  • [C] right cell in the next column.
  • [D] left cell in the next row.

Answer: Option [C]

55. The objective of the transportation problem which is to be maximized is to
  • [A] maximize the total profit
  • [B] minimize the total loss
  • [C] neither maximize nor minimize.
  • [D] optimal cost.

Answer: Option [A]

56. In Maximization case of transportation problem we convert into minimization by subtracting all the elements from the _________
  • [A] zero
  • [B] one.
  • [C] highest element.
  • [D] lowest element.

Answer: Option [C]

57. The assignment problem is said to be unbalanced if _________
  • [A] number of rows is greater than number of columns.
  • [B] number of rows is lesser than number of columns.
  • [C] number of rows is equal to number of columns.
  • [D] both (A) & (B).

Answer: Option [D]

58. The assignment problem is said to be balanced if _________
  • [A] number of rows is greater than number of columns.
  • [B] number of rows is lesser than number of columns.
  • [C] number of rows is equal to number of columns.
  • [D] if the entry of row is zero.

Answer: Option [C]

59.In transportation problem ‘NWC’ stands for ________.
  • [A] North West Corner
  • [B] Net Working Capital
  • [C] Net Working Capital
  • [D] Nuclear Weapons Convention

Answer: Option [A]

60. Vogel’s approximation method is also known as__________.
  • [A] Penalty method
  • [B] North west method.
  • [C] Least cost method
  • [D] None of the above.

Answer: Option [A]

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