Business Mathematics - Questions and Answers for Competitive Exams | GkSeries

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]

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]