Engineering Economy Mcqs

This set of Civil Engineering Multiple Choice Questions & Answers (MCQs) focuses on “ Engineering Economy ”. These Mcqs are chosen from a collection of most authoritative and best reference books on Civil Engineering. Our aim is to prepare an individual for competitive exams like NTS, GAT, ECAT, University and College entrance exams, Jobs and interviews. One should practice our MCQS to assimilate Engineering Economy comprehensively.

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1.
What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal ?

Return of investment

Interest rate

Yield

Rate of return

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2.
What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?

Yield rate

Rate of return

Rate of interest

Economic return

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3.
What refers to the amount of money paid for the use of borrowed capital ?

Interest

Rate of interest

Simple interest

Principal

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4.
What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest ?

Effective rate of interest

Nominal rate of interest

Compound interest

Simple interest

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5.
What refers to the present worth of the probable future net earnings ?

Total fair value

Total market value

Going concern value

Earning value

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6.
What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?

Present worth factor

Interest rate

Time value of money

Yield

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7.
What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?

Effective rate of interest

Nominal rate of interest

Compound interest

Simple interest

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9.
The difference between the present and future worth of money at some time in the future is called __________________?

Discount

Deduction

Inflation

Depletion

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11.
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?

Utility

Necessity

Commodity

Stock

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13.
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?

Law of diminishing return

Law of supply

Law of demand

Law of supply and demand

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14.
“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the_________________?

Law of diminishing return

Law of supply

Law of demand

Law of supply and demand

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15.
What refers to the need, want or desire for a product backed by the money to purchase it ?

Supply

Demand

Product

Good

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