Loading...

Loading, please wait...

GATE trinity
Learning Tool
Prep plan My packages

Practice over 1000+ GATE-level questions from this topic!

Designed to match the latest GATE pattern with topic-wise precision, difficulty tagging, and detailed solutions.

Q#1 GATE CH 2016 MCQ +1 mark -0.33 marks

Terms used in engineering economics have standard definitions and interpretations. Which one of the following statements is INCORRECT?

The profitability measure ‘return on investment’ does not consider the time value of money

A cost index is an index value for a given time showing the cost at that time relative to a certain base time

The ‘six-tenths factor rule’ is used to estimate the cost of an equipment from the cost of a similar equipment with a different capacity

Payback period is calculated based on the payback time for the sum of the fixed and the working capital investment

Browse Practice Questions by Chapters / Topics in Browse Practice Questions by Chapters / Topics in GATE Chemical Engineering
Total Questions

Attempted

% Attempted

Correct

% Correct

Topic Questions Attempted Correct
Heat Transfer 26 0 0
Chemical Technology 17 0 0
Mechanical Operations 12 0 0
Mass Transfer 42 0 0
Instrumentation and Process Control 26 0 0
Fluid Mechanics 24 0 0
Engineering Mathematics 41 0 0
General Aptitude 60 0 0
Chemical Reaction Engineering 26 0 0
Process Calculation 9 0 0
Plant Design Economics 10 0 0
Thermodynamics 24 0 0