OIL AND NATURAL GAS CORPORATION LTD.ONGC ACADEMY

KDMIPE CAMPUS: DEHRADUN

GENERAL THEORITICAL TRAININGQUESTION PAPER-II

Duration: ( 90 min )

NO. GT-2005(I) DATED: 11.04.2006

NAME: _______________________ DESIGNATION: _______________

CPF NO.______________________ HOUSE: _____________________

ATTEMPT ALL 150 QUESTIONS

1. Correct answer against one question carries one mark .2. For negative answer 1/4th of one single mark will be deducted.

1. Which factor determines the depth of BSR in marine sediments?a) seafloor temperatureb) depth of seafloorc) geothermal gradientd) all of above

2. Influx of higher order hydrocarbon makes the depth of BSR shallower. (True / False)

3.The probable cause of amplitude blanking above BSR isa) macroscopic squirt flowb) velocity of hydratec) polarity of reflectiond) none of above

4. Gas content in gas hydrate isa) thermogenicb) biogenicc) bothd) none

5. The polarity of BSR isa) same as that of seafloorb) opposite to that of seafloorc) zero phased) none

6. Geothermal gradient normally increases with depth (True/False)

7. The easiest way to recognize a BSR whena) it is parallel to the bedsb) it cuts across the bedsc) none

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d) both

8. Subsistence grant may be enhanced upto a maximum of :a) 75%b) 30%c) 42%d) cannot be enhanced under any circumstances

9. Deemed suspension can be ordered by the a. any disciplinary authorityb. appointing authorityc. controlling officerd. none of the above

10.Leave can be granted to the employee under suspensiona. yesb. noc. may bed. don’t know

11.For claiming subsistence grant the monthly certificate is required as under a. non employment elsewhereb. medical fitnessc. conduct certificated. none of the above

12.Subsistence grant is payable under deemed suspension ona. being released on bailb. while continuing to be detained in police custodyc. on receipt of FIRd. none of the above

13.suspension is dealt with under CDA rules defined ina. rule 33b. rule 38c. rule 36d. rule 34

14.Periodic review of suspension is required to carried out everya. 6 monthsb. yearc. monthd. none of the above

15.Major penalty action is initiated under rulea. 38b. 34c. 36d. 33

16. Minor penalty action is initiated under rule

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33: Suspension34: Nature of penalties both Major and minor35: Disciplinary authority36: Procedure for implementing major penalty.37: Action on inquiry report38: Procedure of imposing minor penalty46: Appealing to authority

a. 38b. 34c. 36d. 33

17. Nature of penalties are stipulated under rulea. 38b. 34c. 36d. 33

18. Appeal can be preferred only oncea. Trueb. Falsec. don’t knowd. none of the above

19.CEA is admissible while under suspensiona. Trueb. falsec. don’t knowd. none of the above

20. Inquiry may be held under minor penalty actiona. Trueb. falsec. don’t knowd. none of the above

21. Proforma ‘S’ to be filed by executives in case of the transactions exceeding

a) Rs.50,000/-b) Rs.5,000/-c) Rs.10,000/-d) None of the above

22. IPR/MPR to be filed by employee on 1st Jan.of everya) Odd yearb) Yearc) Don’t knowd) None of the above

23. The compulsory rate of contribution for the employees for CPF is…… of salary:a. 9% b. 10% c. 11% d. 12%

24. The employee cannot contribute more than the compulsory amount to their Provident Fund Account: (True / False)

25. Nominee of the employee for Provident Fund must be a family member only:(True/ False)

26. The present rate of interest earned on Provident Fund accumulations is:a. 8% b. 8.5% c. 9% d. 9.5%

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27. Salary for Provident Fund contribution purposes means Basic+DA+HRA(True / False)

28. Non-Refundable Advance can be taken by the employee for treatment of serious medical ailments: (True / False)

29. As per guidelines of Ministry of Finance and Company Affairs, the percentage of investment in Central Govt. Securities must be atleast:a. 20% b. 25% c. 30% d. 35%

30. As per the guidelines of Ministry of Finance and Company Affairs, ONGC ECPF can invest in TDRs of Public Sector Banks of duration less than one year:

(True / False)

31. As per guidelines of Ministry of Finance and Company Affairs, ONGC ECPF can invest in equity shares of PSU of Central Government.

(True / False)

32. The Board of Trustees of ONGC ECPF consists of …… members including the Chairman:a. 4 b. 5 c. 6 d. 7

33. What is the hydrocarbon range of gasoline fraction?a. C1-C4 b. C5 –C10 c. C11-C13 d. C14-C18

34. Which is the formula to determine API gravity?a. [141.5/S.G 60ºF]- 131.5 b. [131.5/S.G 60ºF]- 141.5c. [141.5/S.G 60ºF]- 131.0 d. None of these

35. API gravity of crude oils depends on the content of:a. CQH b. NSO c. Larger molecules than C2Od. All the above

36. Crude oil price depends on which factor?a. API Gravity b. Pour point c. Distillationd. None of these

37. What is called sour crude?a. Sulfur > 1% b. Sulfur <1% c. H2S d. CO2

38. What is called sweet crude?a. Small amount of H2S b. Small amount of CO2c. Sulfur <0.5% d. Contains all of above

39. The price of sweet crude is more than sour crude. Why?a. High sulfur b. Low sulfur c. High API d. Low API

40. The commercial value of crude oil is low for API of > 50º. Why?a. High gasoline b. Low gasoline c. Both of thesed. None of these.

41. The water content of crude oil acceptable by refinery.a. 5-10% b. 0-5% c. >1% d. <1%

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42. The wax content of the crude oil depends on:a. More paraffin b. Less paraffin c. More aromatics d. More NSO

43. The total life span of a CBM project is usually:a. 20 years b. 30 years c. 40 years

44. Which of the following best describes Coal Bed Methane:a. Natural gas b. Unconventional source of energy c. Biogas

45. Which of the following country is the leader in Coalbed Methane Exploration and Production:a. United Kingdom b. United States of America c. China

46. The first well to flow Coalbed Methane in India is located in:a. Raniganj Coalfield b. Jharia Coalfield c. Bokaro Coalfield

47. The total number of CBM Blocks presently held by ONGC, either jointly or in stand-alone capacity including nomination-blocks are:a. Seven b. Eight c. Nine

48. Methane gas within coal dominantly occurs as:a. Adsorbed gas Dissolved gas c. Free gas

49. The Pilot or appraisal phase (Phase-II) of a CBM project establishes the:a. Existence of coal b. Producibility of CBM and Customer basec. Quality of the gas produced

50. CBM gas is produced from a well:a. Through tubing b. Through annulus c. By other arrangements

51. The CBM gas production in USA constitutes about:a. 3-4% of the total gas production b. 5-6% of the total gas production

c. 8-10% of the total gas production

52. Coalbed Methane Exploration in ONGC is for:a. AMM b. CMM c. VCBM

53. SRP mode of Artificial lift is not used in offshore because of :i. High costii. Low dischargeiii. Space limitationsiv. None of the above

54. 81. Raising of GRVs are not necessary for petty purchases of consumables up to:a. Rs. 500 b. Rs.1500 c. Rs.2500 d. Rs.5000

55. What are the mode of Artificial lift operation to lift the oil?a. SRP only b. Electrical submersible pump onlyc. Gas lift only d. All the above

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55. In Mumbai offshore which is most economically viable mode of oil production:a. SRP only b. Electrical submersible pump onlyc. Gas lift only d. All the above

56. In GGS (Group Gathering Station) oil and water is being separated in:a. bath heater b. Heater treater c. in both

57. SRP pump is suitable to lower/ install to lift oil where:a. Sand problem occurs b. Wax problem occurs c. in both cases

58. Before Gas injection to well (in annulus) to lift oil through Gas lift valve:a. It is compressed and then to be injected b. It is injected as such produced from installation c. Either of the case may apply

59. In oil wells flow rate is being regulated:a. Through Bean (Restriction) in flow line in high producing wells.b. by putting orifice in flow linec. both are incorrect.

60. Water produced from wells after separation in GGS/ Offshore installation is being used for:a. Water injection b. Insitu combustion c. in Gas injection

61. The purpose of expansion joint in a tubing string with packer is:a. To provide means for wire-line operationsb. Selective stimulationc. To nullify the stress on packer due to tubing movements

62. The main disadvantage in using drilling mud as a completion fluid is:a. Unstable with temperature variationb. Highly damaging to formation due to invasion by filtrate and/or solid particlesc. Highly corrosive

63. The purpose of sliding sleeves is:a. To establish communication between annulus and tubingb. To nullify stresses on the tubing stringc. To prevent tubing leakages

64. Which of the following is not a type of artificial lift technique?a. SRP b. Gas lift c. EOR d. ESP

65. Which of the following is not a type of completion equipmenta. Production tubing b. X-mas tree c. Blow out Preventor (BOP)

66. A healthy well does nota. Maximize ultimate recovery b. Maximize total costs over well lifec. Reduced time and cost for maintenance.

67. Which of the following is not a type of well in oil industrya. Sub sea wells b. Horizontal wells c. Drinking water welld. Insitu Combustion Well.

68. Perforations in a well are not done by:a. Bullet perforating gun b. Jet perforating gun c. Double barrel gun

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69. Which of the following cannot be a well completion fluida. Drilling mud b. Brine c. Nitrogen

70. Which of the following is not a quality of a healthy wella. Good cementation b. Integrity of tubing and casingc. Good production of water d. Good condition of X-mas tree

71.Demulsification is used in processing of Oil/ Gas in GGS for:

a. Removing sand from liquidb. Avoiding the wa x deposition in tubing/ pipelinesc. Separation of oil & water

72. Artificial lift methods are used in case of:a. Oil Production only b. Gas production onlyc. both

73. Gas produced from gas field contains:a. Gas, Water, condensate b. Gas, Water vapour, condensatec. Gas, Water vapour, condensate in vapour phase.

74. A packer is used in:a. Gas lift wells b. SRP well c. ESP wells

75. Open tenders are invited for cases above:a. Rs. 5 lakhs b. Rs. 10 lakhs c. Rs. 15 lakhs d. Rs. 25 lakhs

75. EMD/ Bid Bond is required to be submitted by the firms:a. For satisfactory execution of the Contract.b. For ensuring the eamestness of honouring the bid commitmentc. Both (a) and (b)d. None of the above.

76. Security deposit/ Performance Bond is required to be submitted by the firms:a. For satisfactory execution of the Contract.b. For ensuring the eamestness of honouring the bid commitmentc. Both (a) and (b)d. None of the above.

77. Excise duty is levied by:a. Central Govt. b. State Govt. c. Both (a) and (b) d. None of these

78. In term PEL/ML, ML stands for:a. Material lease b. Mining lease c. Material lost d. None of these

79. The basics of tendering in PSUs are:a. Laid down procedure b. Equal opportunity to all the biddersc. Fairness d. All of the above

80. On the actions of Tendering by PSUs, the judiciary applies which of the following checks:

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a. Bonafide (No malafide) b. Bias or favour c. Both (a) and (b)d. None of the above

81. Governance is setting the a. guidelines and framework for achieving resultsb. guidelines and framework for achieving profitsc. guidelines and framework for employees to follow,d. All of the above.

82. The guiding principles of Corporate Governance area. Social responsibility, communication & Delegation of Power,b. Transparency, Accountability, social responsibility, communication and ethicsc. Code of Conduct,d. All of the above.

83. The term corporate governance was coined by the, a. Cadbery Committee (U.K.) in its report (submitted in December, 1992)b. Cadbery Committee (USA) in its report (submitted in December, 1990)c. Company Law Board of UK,d. HRM experts like Susan M. Field.

84. Corporate Governance is the realization on the part of the Directors of the Company that they are accountable and this must be made a. widely known to all the Board of Directorsb. widely known to all the employees c. widely known to all the stake holdersd. All of the above.

85. The Board of Directors of ONGC currently consists of a. 6 Executive Directors+ CMD/ 9 Non-Executive Directorsb. 8 Executive Directors+ CMD/ 9 Non-Executive Directorsc. 7 Executive Directors+ CMD/ 8 Non-Executive Directorsd. 7 Executive Directors+ CMD/ 10 Non-Executive Directors

86. Which of the following are Committees formed in ONGC under Corporate Governance:

a. Human Resources Management Committee

b. Project Appraisal Committee

c. Share Transfer Committee

d. Business Development & Overseas Operations Committee

e. All of the above

87. For governance to be effective, a company needs to be sensitive to a. Employee Welfare b. Employee attitudes to corporate ethicsc. Policy Guidelinesd. SEBI guidelines, Company’s Act and other statuary provisions.

88. ONGC, was vested with enhanced autonomy/delegation of powers in a. July 1997

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b. July 1999c. July 1998d. July 2001

89. Name any Four Major Corporate scams in the recent past in India?

US-64, Shaw –Wallace, ITC, Tata Finance, Reliance Power, Enron

90. Write any 2 major roles of Board of Directors?Vision, Mission and Objective SettingSuccession planningBuilding Competencies

91 Write any 4 main HR functions?

Recruitment and selectionTraining and developmentCareer planning and succession planningReimbursement of claims

92 Which are the Allied disciplines of HR? (Write any Four).

MedicalFireSecurityLegalIRCorporate Communication

93 Define Q-1 Qualification as per R&P Regulations?Msc, BE, CA with 60% of marks

94 Which are critical HR issues before the Company? (Write any Three).

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Higher Attrition rateRetention at E-4 levelStagnation at middle levelMismatch berween level and competencies

95 What measures can be taken to improve HR functions? (Write any 2).

Training of the executivesPolicy modification

96 What is the total Manpower in ONGC as on 01.03.2006?

~35000

97 What do you understand by the term Vision?Or

What is the Key theme of HR Vision of ONGC?

To attain organizational excellence by developing and inspiring the true potential of the company’s human capital and providing opportunities for growth well being and enrichment

98 What is the theme of HR Mission of ONGC?

To create a value and knowledge base organization by enculcating a culture of learning innovation and team working and aligning business priorities with aspiration of employees leading to development of an empower responsive and competent human capital.

99 What do you understand by the term HRM? (Write in One/ Two sentences).

Human Resource Management- It’s a module of ICE which looks after true potential of human capital for organizational excellence.

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100. Write HR dimensions applicable in all other functions of an organisation?

101 Which of the following statement is true about a Jack up rig:a) It can operate in any water depthb) It can operate up to 1000 m water depthc) Its use is limited to 100 m water depth

102 Which of the following statement is true about an Independent Leg Jack up rig:a) All three legs can be lowered and raised independentlyb) All three legs are lowered and raised together onlyc) Legs are fixed and can not be lowered or raised

103 Which of the following statement is true about a Mat type Jack up rig:a) All three legs can be lowered and raised independentlyb) All three legs are connected together and lowered and raised

togetherc) Legs fixed and can not be lowered or raised

104 Dynamically Positioned (DP) drill ships can operate ina) Water depth up to 100 mb) Water depth up to 1500 mc) Water depth up to 3000 m

105 The most sturdy rig for cyclonic weather and rough sea area is:a) Jack up rig b) Semi submersible rigc) Drill ship

106 The rig suitable for a far off location and with a large capacity to hold consumables on deck:

a) Semi submersible rigb) Drill shipc) Jack up rig

107 Which of the following type of rig experiences lesser affect of rough sea and has much lower operational downtime due to rough sea and bad weather:

a) Drill shipb) Semi submersible rig

108 Deep water drilling programme of ONGC is calleda) Sagar Unnatib) Sagar Super Unnatic) Sagar Vridhdhid) Sagar Samridhi

109 Which of the following statement is true about a Mat type Jack up rig:a) It is suitable for jacking up in hard sea bedb) It is suitable for jacking up in highly uneven sea bedc) It is suitable for jacking up in very soft and even sea bedd) It is suitable for jacking up in sea bed congested with pipelines & debris

110 The two types of system for positioning floaters on location is:a) Independent leg and mat type

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b) Anchor mooring and Dynamically positioningc) Legs along with anchorsd) No system required

111. Indicate whether expenditure on following activities is Plan expenditure or Non Plan expenditure :

a. Expenditure incurred on Exploratory wells which have proved dry.Pb. Expenditure on Survey activityPc. Purchase of New Logging unitor which no provision was kept at budget stage.

Pd. Expenditure on marketing of oil & gas.NP

112.Total Capex of ONGC for 2005-06 was :-a. Rs 1000 Crb. Rs 5000 Crc. Rs 10000 Crd. Rs 15000 Cr

113. In ONGC, budget is prepared on :-a. Cash Basisb. Accrual Basis

114. At what stage budget is utilized: a. Creation of Purchase Requisitionb. Placement of Purchase Orderc. Opening of Letter of Credit.d. Supply of materials/ Utilisation of Services

115. write the full forms of :-a. BDPb. REc. BEd. CBEe .FCNR

116.ONGC has taken credit rating from which of the following rating agencies:-a. Moodysb. Crisilc. ICRAd. All above

117.Indicate true or false for the following statements regarding re appropriation powers:a. Reappropriation powers are not delegated below Directors level Tb. Reappropriation from Plan to Non Plan expenditure is allowed. Fc.Un utilized funds of one year can be reappropriated to meet the requirements of funds in next year. T

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d.Funds can be reappropriated from one work center to another with the approval of competent authority. Fe.Power of unbudgeted expenditure are the same as that for reappropriation from one head to another. F

118.Write the full form of the following:-a. NPVb. IRRc. TDRd. CAGe. FBT

119.What is the minimum IRR for acceptance of the projects:-a. 8%b.10%c.12%d.14%

120.Total Subsidy (discount) shared by ONGC for under recoveries by Oil Marketing Companies during FY 2005-06 is Rs_________Cr.

121.Total Paid up capital of ONGC is Rs _____________Cr.

122.No. of Navratna Directors on ONGC Board____4______.

123.In new BDP’2004, powers of expenditure sanction have been broadly vested with

a. designation of employee

b. position in CRC structure

124.While sanctioning expenditure, sanctioning authority has to ensure certain rules of Properiety. Name them:-

125.ONGC accounts are audited by three different agencies. Name them:-

126.As per SEBI guidelines for listed companies, ONGC is required to declare its results :-

a.monthly b.quarterly c.half yearly d.annual

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127. Under package insurance policy of ONGC, Assets are insured at:-a. Original Purchase valueb. Book value (Depreciated net block)c. Replacement value

127. Under income tax act, depreciation benefit is allowed for reduction in taxable income on:-a. Purchase of Assetsb.On actual payment on purchase of Assetsc.On commissioning of Assets (Assets put to use)d.On Assets kept in Stock (Capital items on stock)

128. Expenditure on Dry wells is allowed as deductible expenditure from business income of ONGC on:-

a.On completion of target depth of drillingb.On declaration of well as dryc.On surrender of PEL (Production Exploration Licence)d.On conversion of PEL to Mining Lease (ML)

129. Investment power delegated to C&MD and Director (Finance) is upto:-a. Rs 1000 Crb. Rs 5000 Crc. Rs 10000 Crd. Rs 20000 Cr

130. Individual Banks exposure limit for investment of surplus funds by ONGC is :-a. upto 2% of Net Worth of each Bankb. upto 5% of Net Worth of each Bankc. upto 10% of Net Worth of each Bankd.upto 20% of Net Worth of each Bank

131.What is the Debt Equity ratio for ONGC:-a.<0.10b.0.20c.0.50d.1.00

132. Surplus funds of ONGC are invested in:-a.Mutual Fundsb.In Shares of A category companiesc.Short term deposits with the Banksd. All above.

133.Which of the following is not an economic indicator?

a) Net Present valueb) Economic Rentc) Internal Rate of Returnd) Payback Period

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134.Sum of the present values of the annual net cash flow is the

a) NPV (Net Present Value)b) NCF (Net Cash Flow)c) Net Capital Expenditured) a) and c) both

135.In the Present Value FormulaPV= FVn / (1+r)n

(1+r)n is known as a) Discount Rateb) No. of yearsc) Future value of a paymentd) Discount Factor

136.The NPV ---------------- when discount rate increases

a) Increasesb) Decreasesc) Remains samed) Is unaffected

137.When NPV @ 12% discounting is US$ 100 MM, it means project earns

e) <12% rate of returnf) US $ 100 MM$ + 12%g) US $ 100 MM$ - 12%h) US $ 100 MM

138.If the project start is delayed

a) NPV will decreaseb) NPV will increasec) NPV will not be affectedd) None of the above

139. IRR is

a) The discount rate for which all discounted negative cash flows are more than all discounted positive cash flows

b) The discount rate for which all discounted negative cash flows are less than all discounted positive cash flows

c) The discount rate at which the NPV becomes zerod) None of the above

140.A discounted cash flow is a) A cash flow adjusted for the time value of money

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b) A form of present value analysis c) Both a) and b)d) None of the above

141.Takes time into account

a) IRRb) NPVc) Pay Out Periodd) All of above

142. A typical net cash flow looks like following, the 2nd phase of negative cash flow at the end of project life is due to

a) Capital Expenditureb) Operating Expenditurec) Abandonment costd) All of the above

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Net Cash Flow

+ve

-ve

Time