50 multiple-choice questions (MCQs) on Estimation, Costing & Valuation
Methods of Estimation
-
Which type of estimate is prepared at the initial stage of a project?
A) Detailed estimate
B) Preliminary estimate
C) Revised estimate
D) Supplementary estimate
Ans: B -
Which method is most accurate for estimating building works?
A) Plinth area method
B) Cube rate method
C) Detailed estimate method
D) Approximate quantity method
Ans: C -
Revised estimate is prepared when the total cost exceeds the original by more than:
A) 2%
B) 5%
C) 10%
D) 20%
Ans: C -
Plinth area includes:
A) Internal walls only
B) External walls only
C) Total area at floor level
D) Carpet area
Ans: C -
What does 'abstract estimate' mean?
A) Detailed costing
B) Summary of cost
C) Quantity calculation
D) Overhead analysis
Ans: B -
Which of the following estimates is used to obtain administrative approval?
A) Revised
B) Supplementary
C) Preliminary
D) Detailed
Ans: C -
Detailed estimate includes:
A) Specifications only
B) Abstract of cost
C) Quantity and rate
D) All of the above
Ans: D -
Which estimate is prepared when the work exceeds the original scope?
A) Preliminary
B) Revised
C) Supplementary
D) Plinth area estimate
Ans: C -
Which unit is used for estimation of plastering work?
A) Cu.m
B) Sq.m
C) Running meter
D) Nos.
Ans: B -
Which of the following is NOT a method of approximate estimation?
A) Plinth area method
B) Service unit method
C) Cube rate method
D) Revised estimate method
Ans: D
🔹 Rate Analysis
-
Rate analysis is done to calculate:
A) Quantity
B) Cost per unit item
C) Design load
D) Labour wages only
Ans: B -
Main components in rate analysis are:
A) Materials only
B) Labour only
C) Material, labour, overheads
D) Cost of land
Ans: C -
Contractor’s profit is usually taken as:
A) 2%
B) 5%
C) 10%
D) 15%
Ans: C -
Rate analysis of brickwork is done per:
A) Sq.m
B) Cu.m
C) Running meter
D) Kg
Ans: B -
Lead refers to:
A) Depth of excavation
B) Horizontal distance of material transport
C) Vertical height
D) Duration of work
Ans: B -
Wastage of steel in rate analysis is taken as:
A) 1%
B) 3%
C) 5%
D) 10%
Ans: B -
Rate analysis helps in:
A) Fixing tender rates
B) Budgeting
C) Estimating cost
D) All of the above
Ans: D -
Labour cost in rate analysis is calculated by:
A) Per hour
B) Per kg
C) Per unit work
D) Lump sum
Ans: C -
In rate analysis, cost of tools and plants is usually taken as:
A) 1%
B) 2%
C) 3%
D) 5%
Ans: C -
In rate analysis, curing water is included under:
A) Labour
B) Sundries
C) Overheads
D) Tools
Ans: B
🔹 Earthwork Calculation
-
Earthwork is calculated in:
A) Sq.m
B) Cu.m
C) Kg
D) Running meter
Ans: B -
The volume of earthwork in roadwork is generally calculated using:
A) Simpson’s Rule
B) Mid-Sectional Area Method
C) Average End Area Method
D) Trapezoidal Rule
Ans: C -
For uniform cross section, earthwork = area ×
A) Width
B) Height
C) Length
D) Volume
Ans: C -
Lead and lift are applied in:
A) Brickwork
B) Painting
C) Earthwork
D) Flooring
Ans: C -
Unit of measurement for earth filling in foundation:
A) Cu.m
B) Sq.m
C) Tonnes
D) Running meter
Ans: A -
Lift refers to:
A) Height of the building
B) Depth of the pit
C) Vertical distance for lifting soil
D) Road gradient
Ans: C -
Number of lifts commonly used in earthwork estimation:
A) 1
B) 2
C) 3
D) 5
Ans: C -
Which method is suitable for estimating irregular earthwork?
A) Mid-sectional area method
B) Prismoidal formula
C) Average end area method
D) Centre line method
Ans: B -
Bulking of sand affects:
A) Volume estimation
B) Steel quantity
C) Painting area
D) Water demand
Ans: A -
Earthwork in irrigation channels is usually measured in:
A) Sq.m
B) Cu.m
C) Running meter
D) Hectares
Ans: B
🔹 Valuation Concepts
-
Valuation is done to find:
A) Market value
B) Physical condition
C) Construction cost only
D) Load-bearing capacity
Ans: A -
The present worth of a building is called:
A) Rate
B) Salvage value
C) Valuation
D) Cost
Ans: C -
The value of a building after its useful life is called:
A) Market value
B) Salvage value
C) Book value
D) Capital cost
Ans: B -
The process of deduction of value due to age is called:
A) Depreciation
B) Salvage
C) Obsolescence
D) Costing
Ans: A -
Book value = Original cost –
A) Depreciation
B) Salvage value
C) Annual value
D) Market rate
Ans: A -
The method commonly used for valuation of land:
A) Rental method
B) Profit method
C) Comparative method
D) Annuity method
Ans: C -
Sinking fund is used to compensate:
A) Interest
B) Depreciation
C) Loan
D) Capital cost
Ans: B -
Scrap value is:
A) Value at end of life
B) Rent
C) Book value
D) Selling price
Ans: A -
Capitalized value = Net income ×
A) Year’s purchase
B) Life of building
C) Rate of return
D) Interest rate
Ans: A -
Which method is suitable for valuing cinema halls?
A) Rental method
B) Profit method
C) Annuity method
D) Cost method
Ans: B
🔹 Mixed Questions
-
Depreciation in valuation is generally considered as:
A) Monthly
B) Yearly
C) Once in 10 years
D) Not required
Ans: B -
Estimate prepared when cost exceeds 5% of sanctioned estimate:
A) Supplementary
B) Revised
C) Abstract
D) Preliminary
Ans: B -
Measurement book is used for:
A) Drawing preparation
B) Recording measurements
C) Rate analysis
D) Structural analysis
Ans: B -
Purpose of plinth area estimate is to get:
A) Floor area
B) Carpet area
C) Rough cost
D) Painting cost
Ans: C -
Valuation is NOT required for:
A) Tax fixation
B) Insurance
C) Court settlement
D) Load calculation
Ans: D -
Annual Repair cost is generally taken as:
A) 0.5% of cost
B) 1% of cost
C) 2% of cost
D) 3% of cost
Ans: B -
Typical life of an RCC structure is considered as:
A) 15 years
B) 50 years
C) 75 years
D) 100 years
Ans: B -
A method of costing used in road estimation is:
A) Service unit method
B) Rental method
C) Unit rate method
D) Annuity method
Ans: A -
Useful life of timber structure is generally:
A) 10–20 years
B) 30–40 years
C) 70–80 years
D) Over 100 years
Ans: A -
Which one affects valuation the most?
A) Painting cost
B) Locality
C) Plumbing cost
D) Roof type
Ans: B