List – I (Projects) List – II (Classification) (a) Magnitude Oriented (i) Classify projects on the basis of capital intensive and/or labour intensive projects. (b) Non-quantifiable (ii) Classify projects on the basis of availability of demand for goods and services, raw materials, skills and/or other inputs. (c) Causation Oriented (iii) Level of investment is generally used as a deciding criteria for project classification. (d) Factor Intensity Oriented (iv) Projects with social endowments like health, education, social welfare etc.
Codes :
Matching Project Classifications: List I & List II Explained
This question requires matching project classification types in List – I with their corresponding descriptions in List – II.
(a) Magnitude Oriented Projects
Magnitude Oriented projects are classified based on their scale. The level of investment is the primary criterion used to determine this scale, distinguishing between small, medium, and large projects. Therefore, (a) matches with (iii).
(b) Non-quantifiable Projects
Non-quantifiable projects deal with aspects that are difficult to measure in monetary terms, often related to social benefits. Projects concerning social endowments like health, education, and social welfare fit this description. Thus, (b) matches with (iv).
(c) Causation Oriented Projects
Causation Oriented classification focuses on the underlying reasons or causes for undertaking a project. This often relates to market factors, such as the availability of demand for the goods/services and the required inputs like raw materials or skills. Hence, (c) matches with (ii).
(d) Factor Intensity Oriented Projects
Factor Intensity Oriented projects are categorized based on the intensity of factors of production used. This directly refers to whether a project is capital intensive or labour intensive. Therefore, (d) matches with (i).
The correct matching is (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i).
Important Questions from Project Management
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I
(Project Network concepts)
LIST II
(Underlying meaning)
A. Crashing an activity I. Length of the longest path through the project network B. Project Network II. It shows the time and cost when the activity is fully crashed C. Critical path III. It consists of a number of nodes and a number of arcs that connects two different nodes D. Crash point IV. Taking special (costly) measures to reduce the duration of an activity below its normal value Choose the correct answer from the options given below:
The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?
