MANAGEMENT ASPECTS IN HYDROCARBON EXPLORATION 1. A project has got A. Defined start and defined end B.

Defined start and regular production after defined end C. Regular production and activities D. Defined for start and continuing expansion programmes 2. Continued efforts for conservation of energy come under A. Routine work B. Research work C. Project work D. Maintenance work 3. Efforts for enhanced and better quality output is considered as A. Research work B. Project work C. Regular activity D. All of the above 4. A procedural Plan that indicates time and sequence of each operation is called A. Agenda B. Plan C. Program D. All of the above 5. The first step in project management is A. Financing B. Project definition and scope C. Contracting D. Technical design 6. Linear scheduling methods are effective in A. Sequential operations B. Parallel operations C. A mix of these two D. All of the above 7. Failure to make a schedule will result in A. Time loss B. Money loss C. Quality impairment D. All of the above

8. Duration is well shown but not sequence in A. Gantt chart B. Pert chart C. Critical path method D. All of the above 9. Completion time having the highest probability is A. Optimistic time B. Most likely time C. Expected time D. Pessimistic time 10. PERT is A. Progress Evaluation and Review Technique. B. Program Evaluation and Review Technique C. Project Energy and Rating Time D. Plan Execution and Review Technique 11. First step in Equipment procurement is A. Need identification B. Administrative Approval C. Budget provision D. Tendering 12. If four bids quotations are evaluated and the grades are L,,L,,L3, and L4, which is the third lowest quotation. A. L, B. L2 C. L3 D. L4 13. If four quotations are evaluated and the grades are L1,L,,L3, and L4 which is the highest quote. A. L, B. L C. L3 D D. L4 14.Census number is all allocated to A. Sub assemblies B. Spare Parts C. Capital Equipment D. All of the above

15. How procurement of spares is initiated A. By considering the cost of the capital equipment B. By taking into consideration the key role played by the equipment C. By VED analysis D. By past experience 16. Reduction of procuring costs/ over heads cam be achieved by A. Procuring as and when required. B. Clubbing the requirements of various Locations C. Bargaining for bulk purchase discounts D. BandC 17. Which of the following is a replaceble item A. Mud chemical B. Mud Pump piston C. Seismic Explosives D. Cotton waste 18. Reduction of inventory is possible by A. Stand ardisation of equipment B. Stocking in RegionaUcentral warehouses C. Computerised stock information and legislation to free between projects D. All of the above

movement of things

19. Rig cycle is from A. Spudding to completion of drilling to target depth B. Rig moving in to Rig moving out C. Rig moving in to testing of the horizon D. Spudding to completion of the well including last perforation and testing. 20. Critical Path Method was developed by A. Laverson B. Semat C. Dupont D D. Newton 21.Who defined the 14 principles of management A. Dupont B. Peter Druker C. FAYOL D. Dale carnigee 22. Supervision means A. Exercising authority over subordinates B. Finding faults in the work executed by subordinates C. To have superior vision and guide the subordinates D. To be vigilant and discipline the subordinates

23. Scientific management means A. Linear movement with easy flow B. Linear movement with regulated flow C. Movement with back and forth time and motion D. Linear movement with unchecked forward flow 24. A competent manager A. Leads people B. Administers rules C. Achieves results D. All of the above 25.Ancient Indian who defined functional organization. A. Varaha Mihira B. Kautilya C. Chanakya D. Bhaskara Bhatta 26.Corporate planning is A. An analytical process with no hunches B. Financial estimation C. Schedule of operations D. Framing of rules and regulations. 27.Authoritative management is classified under A. X theory B. Y theory C. Z theory D D. Q theory 28.A good manager should be a A. A good worker B. A good developer C. A good leader D. All of the above 29. Maximum increase in productivity is due to A. Systems and management guide lines. B. Proper work environment C. Cordial human relations D. Technology change

30. Rules and regulations being the same things move based an A. Authoritative vigilance B. Interpersonal relations C. Implementation of rules D. Incentives 31. Motivation is A. A promised bright future B. A promised cash reward C. A cultured hunger for excellence D. To inspire unwilling workers 32. A major factor for good leadership A. Knowledge B. Experience C. Authority D. Behavior 33. A supervisor is a A. First level manager B. Middle manager C. Functional manager D. None of the above 34. Increasing the role of subordinates in dec is io n ma king is A. Centralization B. Decentralization C. Normalization D. None of the above 35.Your perception of good value at work A. Be honest B. Work hard C. Be productive D. Save time 36. Your primary personality trait A. Group dependent B. Venturesome C. Relaxed D. Self sufficient 37. In the hierarchy of skills which takes the first position A. Performance skills B. Decision making skills C. Planning skills D. Organising skills

38. Who said that good communication is the foundation for good management A. Fayol B. Peter Druker C. Lee locaca D. Fred Luthonas 39. Communication process is A. Message - sender - receiver B. Sender - receiver - message C. Sender - message - receiver D. Receiver - sender message 40. This is a positional average A. Mean B. Median C. Variance D. None of the above 41. The cumulative frequency curve is called. A. Histogram B. Line graph C. Ogive D. Frequency curve 42. Coefficient ofvariation = A. X x 100 6 B. Mean X 100 Variance C. X x 100 Mode D. x 100 X 43. The variance of 3,3,3,3,3, is A. 3 B. 5 C. 0 D. 9 44. An event whose probability of occurrence is one is this event: A. Impossible B. Sure C. Mutually exclusive D. Equally likely

45. If A and B are mutually exclusive events, then P(A and B) _ A. 1 B. %2 C. 0 D. Y4 46. If A and B are independent events, P(A/B)= A. P(AnB)/ P(B) B. P(B) C. P(A) D. P(AnB) 47. The number of parameters in a binomial distribution is A. 2 B. 1 C. 0 D.3 48. Mean of a Poisson distribution is equal to its: A. Standard deviation B. Mean deviation C. Variance D D. Mode 49. The limits of the correlation coefficient are A. -1 to +1 B. O to I C. -1 to co D. -co to co 50. The most important element that characterizes an organization is: A. Common goals B. Financial resources C. Profits D. Technology 51. The 14 principles of management are propound by A. Peter F. Drucker B. F.W. Taylor C. Elton Mayo D. Hendry Fayol

52. The process of directing and influencing task related activities of organization members is: A. Motivation B. Leading C. Staffing D. Controlling 53.Communication from superior to subordinate is called as A. Horizontal communication B. Upward communication C. Downward communication D. Lateral communication 54. A top manager requires more of the following skill: A. Technical skill B. Human skill C. Conceptual skill D. Negotiating skill 55. The interpretation and translation of a message into a meaningful information is known as: A. Coding B. Encoding C. Decoding D D. Recoding 56. The value of motivating strength of a reward to the individual is known as: A. Motivation energy B. Valentine C. Equity of motivation D. Valence 57. Participative leadership style is one in which A. The leader takes decisions himself B. Subordinates are given the freedom to take the decisions C. The leader takes decisions after consulting the subordinates D. Leader takes decisions by a vote of majority 58. According to Herzberg, which one of the following is not a motivator A. Job challenge B. Salary C. Risk D. Recognition 59. One of the following does not act as stimulator: A. Taste B. Smell C. Hearing D. Observing

60. Need Hierarchy theory was developed by: A. Herzberg B. McGregor C. McClelland D. Maslow 61. Anything that interferes with the communication is: A. Disturbance B. Conflict C. Noise D. Distraction 62. Perception is the process by which A. Individuals interact with other people B. Individuals organize and interpret the environment around them C. Individuals get stimulation and respond in a particular way D D. Individuals respond to a message from others 63. Personality refers to: A. Heredity B. Environmental factors C. Personal characteristics D. Cultural background 64. Among the various styles of leadership, which one is very popular in the corporate sector: A. Dictatorial style B. Autocratic style C. Democratic style D D. Free-rein style

PES205 Answer key 1. A 2. C 3. B 4. C 5. B 6. A 7. D 8. A

9 B 10 B 11 A 12 C 13. D 14. C 15 C 16 D 17. B 18. D 19 B 20. C

21. C 22. C 23. A 24. D 25. B 26. A 27. A 28. D 29. D 30. B 31. C 32. D

33. A 34. B 35. C 36. B 37. C 38. B 39. C 40. B 41. C 42. D 43. C 44. B

45. C 46. C 47. A 48. C 49. A 50. A 51. D 52. B 53. C 54. C 55. C 56. D

57. C 58. B 59. D 60. D 61. C 62. B 63. C 64. C