Chemical Engineering Plant Economics MCQ Questions and answers

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Q. Cost of piping in a fluid processing unit (e.g., distillation) of a chemical process plant is about _________ percent of the fixed capital investment.

(A) 4
(B) 13
(C) 22
(D) 34

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Q. Cost of instrumentation in a modern chemical plant ranges from _________ percent of the total plant cost.

(A) 5 to 10
(B) 20 to 30
(C) 40 to 50
(D) 60 to 70

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Q. Construction expenses are roughly _________ percent of the total direct cost of the plant.

(A) 2
(B) 10
(C) 30
(D) 50

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Q. Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known. The present cost of the plant = original cost × (index value at present/ index value at time original cost was obtained). The most major component of this cost index is

(A) Fabricated equipment and machinery
(B) Process instruments and control
(C) Pumps and compressor
(D) Electrical equipments and material

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Q. Annual depreciation costs are constant, when the _________ method of depreciation calculation is used.

(A) Declining balance
(B) Straight line
(C) Sum of the years digit
(D) None of these

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Q. Annual depreciation cost are not constant when, the _________ method of depreciation calculation is used.

(A) Straight line
(B) Sinking fund
(C) Present worth
(D) Declining balance

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Q. Which of the following is not a current asset of a chemical company?

(A) Inventories
(B) Marketable securities
(C) Chemical equipments
(D) None of these

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Q. In declining balance method of depreciation calculation, the

(A) Value of the asset decreases linearly with time
(B) Annual cost of depreciation is same every year
(C) Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
(D) None of these

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Q. Generally, income taxes are based on the

(A) Total income
(B) Gross earning
(C) Total product cost
(D) Fixed cost

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Q. Relative cost of chemical process plants in India is about __________ percent more than the similar plants in U.S.A.

(A) 15
(B) 35
(C) 55
(D) 75

Chemical Engineering Plant Economics MCQs with answers Page - 3

Q. Cost of piping in a fluid processing unit (e.g., distillation) of a chemical process plant is about _________ percent of the fixed capital investment.

Q. Cost of instrumentation in a modern chemical plant ranges from _________ percent of the total plant cost.

Q. Construction expenses are roughly _________ percent of the total direct cost of the plant.

Q. Annual depreciation costs are constant, when the _________ method of depreciation calculation is used.

Q. Annual depreciation cost are not constant when, the _________ method of depreciation calculation is used.

Q. Which of the following is not a current asset of a chemical company?

Q. In declining balance method of depreciation calculation, the

Q. Generally, income taxes are based on the

Q. Relative cost of chemical process plants in India is about __________ percent more than the similar plants in U.S.A.

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