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Material Control and EOQ MCQs for Competitive Exams

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Material Control and EOQ MCQs for Competitive Exams

Practice with answers, explanations, and exam-focused revision notes.

161 MCQs Page 16

Topic Notes: Material Control and EOQ

These notes summarize the key preparation context before you attempt the MCQs. Review the topic focus, then practice the questions below with answers and explanations.

Quick Overview

Material Control and EOQ MCQs in Commerce are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

Attempt the questions page by page, check the correct answers, read the explanations where available, and compare your weak areas with past papers and mock test performance. Consistent MCQ practice improves speed, confidence, and retention for objective exam sections.

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151
Given A as Annual Requirement, O as Order Cost, and C as Carrying Cost per unit per annum, what is the correct formula for Economic Order Quantity (EOQ)?
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152
What is the definition of Economic Order Quantity (EOQ)?
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153
During a period of rising prices, which inventory valuation method results in reporting higher profits?
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154
What components are combined to determine the relevant inventory carrying costs?
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155
Which inventory valuation method calculates the issue price of materials by dividing the total cost of materials in stock by the total quantity in stock?
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156
Determine the re-order level for inventory given the following data: Safety stock is 1,000 units, weekly consumption is 500 units, and the lead time for material delivery is 12 weeks.
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157
Which of the following is not considered a formal technique for material control?
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158
What does the acronym 'ABC' represent in the context of inventory management analysis?
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159
Which individual is responsible for maintaining the bin card in a warehouse or store?
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160
Calculate the Economic Order Quantity (EOQ) for a firm with an annual demand of 90,000 units, an ordering cost of Rs. 300 per order, and a carrying cost of 20% on a unit cost of Rs. 3.
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