Sample Questions

Econ and Air Laws Refresher Mock Examination

  1. The Nighttime, according to the definition of the FAA, is

·       1000 UTC to 2200 UTC

·       The end of evening civil twilight to the beginning of morning civil twilight

·       From the exact time of sunset to the exact time when the sun reaches its apparent highest point in the sky

·       The beginning of evening civil twilight to the end of morning civil twilight

  1. Taxiway edges should be marked by

·       Solid Yellow Line

·       Double Solid Yellow Line

·       Solid White Line

·       Solid White Line on the inner and Solid Yellow Line on the outer

  1. Under Part 11 of the Civil Air Regulations, the following are the restricted areas of operation of remotely piloted aircraft (RPA) except for

·       Unless granted approval, no person may operate RPA above 300 ft above ground level

·       Unless granted approval, no person may operate RPA within 10 km radius from the Aerodrome Reference Point

·       No person may operate an RPA in a controlled or prohibited airspace unless authorized by the Authority

·       The RPA shall stay clear of populated area unless prior approval has been granted by the Authority

  1. The interest rate at which the present worth of the cash flow on a project is zero of the interest earned by an investment is

·       Effective Rate

·       Nominal Rate

·       Rate of Return

·       Yield

  1. This freedom of air asserts the right to carry traffic from country (B) back to your own country (A).

·       Second Freedom

·       Third Freedom

·       Fourth Freedom

·       Fifth Freedom

  1. Under EASA regulation, Part M is all about

·       AMO

·       Standard for Design, Manufacturing, and Maintenance

·       Repair Station

·       Continuing Airworthiness

  1. No person may attempt to act as crewmember of a civil aircraft with an alcohol limit of

·       0.40 percent by weight or more alcohol in the blood

·       0.08 percent by weight or more alcohol in the blood

·       0.80 percent by weight or more alcohol in the blood

·       0.04 percent by weight or more alcohol in the blood

  1. As stated in PD 1570, the following will be inscribed for the seal of the aeronautical engineer, except for

·       Aeronautical Engineer

·       Professional Regulation Commission

·       Philippines

·       Name and Registration Number

  1. By regulation, after a total failure of the normal electrical generating system, the Single Standby Attitude Indicator is automatically powered, independent of the normal electrical generating system, for the purpose of operating and illuminating for a minimum of how many minutes?

·       10 minutes

·       20 minutes

·       25 minutes

·       30 minutes

  1. In this event, nations unify that the air carrier will be liable for damages sustained by death or injury to passengers, destruction, loss or damage to baggage or goods, and loss resulting from delay in the transportation of passengers, baggage or merchandise.

·       Chicago Conference

·       Warsaw Convention

·       Hague Conference

·       Tokyo Conference

  1. It is a public‑use airport that does not have scheduled service or has scheduled service with less than 2,500 passenger boardings each year. What type of airport?

·       Reliever Airport

·       General Aviation Airport

·       Cargo Service Airport

·       Nonprimary Commercial Service Airport

  1. Who is responsible for making the entry in the maintenance records after an annual 100‑hour or progressive inspection?

·       The owner or operator of aircraft

·       The person approving or disapproving for RTS

·       The designee or inspector representing the CAAP Admin

·       License Mechanic and Engineer

  1. Under Airworthiness regulation, which of the following are considered class 1 aeronautical product that needs certificate of airworthiness?

·       Wings

·       Instruments and Communications Equipment

·       Fuselage

·       Engine

  1. A machine costing P50,000 is estimated to have a salvage value of P4,500 when retired at the end of 7 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?

·       0.3233

·       0.2911

·       0.2845

·       0.3075

  1. It is a notification to owners and operators of certified aircraft that a known safety deficiency with a particular model of aircraft, engine, avionics or other system exists and must be corrected. This notification is issued by Aviation Authorities.

·       Airworthiness Directives

·       Service Bulletins

·       NOTAM

·       Advisory Circulars

  1. Find the time required for a sum of money to triple itself at 5% per annum compounded continuously.

·       21.97 years

·       25.34 years

·       18.23 years

·       23.36 years

  1. It is the minimum speed at which the aircraft can safely lift‑off and continue the takeoff without undue hazard.

·       V‑LOF

·       V‑MU

·       V‑MAX

·       V‑S

  1. The following are the conditions for the eligibility of RPA controller certificate, except for

·       Has completed an RPAs training course as conducted by authority (CAAP) in the operation of the type of RPA that he or she proposes to operate

·       Has at least five (5) hours experience in operating RPAs outside controlled airspace

·       Has Passed RPAS exam within the given period

·       Has passed the demonstration flight conducted by the authorized personnel of the Authority

  1. Which of the following statements is TRUE? (Assume that the yearly cash flows are identical for both annuities and that the common interest rate is greater than zero.)

·       The present value of an annuity due is greater than the present value of an ordinary annuity

·       The future value of an ordinary annuity is greater than the future value of an annuity due

·       The present value of an ordinary annuity is greater than the present value of an annuity due

·       Both B and C are correct

  1. ATA 80 is

·       Standard Practices

·       Ice and Rain Protection

·       Cargo and Accessory Compartments

·       Starting

  1. A document that shows proof of legal ownership of a financial security is

·       Bank Note

·       Bond

·       Check

·       Coupon

  1. An air carrier airplane must have an operating public address system if it

·       Has a seating capacity of 19 passengers

·       Has a seating capacity for more than 19 passengers

·       Weighs more than 12,500 pounds

·       Has a seating capacity of less than 19 passengers

  1. If the unmanned aerial vehicle operates Beyond Visual Line of Sight (BVLOS), the aircraft must be equipped with the following accessories except for

·       Detect and avoid system capability

·       GPS

·       Signal Booster

·       Homing Device

  1. It is an area developed and used for helicopter landings and takeoffs to drop off or pick up passengers or cargo.

·       Heliport

·       Helideck

·       Helistop

·       Helipad

  1. P500 000 was deposited at an interest of 6% compounded quarterly. Compute the compounded interest after 4 years and 9 months.

·       P163 475.37

·       P178 362.37

·       P158 270.37

·       P183 327.37

  1. In economics, a “short‑term” transaction usually has a lifetime of

·       3 months or less

·       1 year or less

·       5 years or less

·       10 years or less

  1. It is a permit issued by the Civil Aeronautics Board authorizing a domestic person or entity (60/40 equity) to engage in international and/or domestic, scheduled and/or non‑scheduled air transportation services. It may operate without legislative franchise.

·       Certificate of Public Convenience and Necessity (CPCN)

·       Air Operator Certificate

·       Airworthiness Certificate

·       Airline Operation Permit

  1. Minimum performance standard for specified materials, parts, and appliances used on civil aircraft.

·       International Standards

·       Technical Standard Orders (TSO)

·       Parts Manufacture Approval (PMA)

·       Certificate of Standard

  1. What is the minimum flight level that an aircraft would need an oxygen storage and dispensing apparatus in order to operate?

·       8000 ft

·       10000 ft

·       25000 ft

·       30000 ft

  1. According to 14 CFR 25, what is the maximum force on rudder pedal?

·       80 lbs

·       100 lbs

·       125 lbs

·       150 lbs

  1. An initial deposit of P80,000.00 in a certain bank earns 6% interest per annum compounded monthly. If the earnings from the deposit are subject to 20% tax what would be the net value of the deposit be after three quarters?

·       P95,324.95

·       P82,938.28

·       P68,743.24

·       P56,244.75

  1. Under the dangerous goods classification, cyanides are classified as

·       Class 3

·       Class 4

·       Class 6

·       Class 8

  1. Grand total of the assets and operational capability of a corporation

·       Authorized Capital

·       Investment

·       Money Market

·       Subscribed Capital

  1. What is the position title of the head of CAAP?

·       Director General

·       President

·       Secretary

·       Chairman

  1. Is the pilot allowed to perform maintenance?

·       Yes, but supervised by the license aeronautical engineer

·       No, only license and rated aircraft mechanic is allowed

·       Yes, but limited to elementary work

·       Yes, as long as the work done is recorded in the maintenance logbook

  1. In how many days after the date of publication in the Official Gazette shall the Rules and Regulations including the Code of Ethics of the Board of Aeronautical Engineering once published shall take effect?

·       10 days

·       20 days

·       15 days

·       30 days

  1. The ____ in the seal of an Aeronautical Engineer symbolizes that aeronautical engineering is a dynamic and progressive profession.

·       Wing section

·       Shockwaves

·       Electrons

·       Atom

  1. Represent ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled.

·       Authorized capital stock

·       Common Stock

·       Incorporator’s Stock

·       Preferred Stock

  1. According to CAR, what is the minimum time period that oxygen will be supplied to the passengers during emergency for transport category planes?

·       10 minutes

·       15 minutes

·       20 minutes

·       30 minutes

  1. In which book would you expect to find all the following: a CMR, a maintenance statement, a sector record and a deferred defect?

·       Technical Logbook

·       Flight Manual

·       Aircraft Log Book

·       Type Certificate and Design Specifications

  1. After a modification on an aircraft system, a certificate of release to service is issued. To do this, you are required

·       Part 21 Subpart H approval

·       ICAO approval

·       Part 145 approval

·       Part 147 approval

  1. Worth of the property as shown in the accounting records of an enterprise.

·       Book value

·       Fair Value

·       Market Value

·       Salvage Value

  1. What is an Exposition?

·       A document which sets out details of an authority

·       A document which sets out details of the maintenance schedule

·       A document which sets out details of how maintenance work is carried out

·       A document which sets out details of the approved certificates/licenses

  1. The runway edge lights shall be

·       White

·       Blue

·       Green

·       Red

  1. An airline operates a CEB‑DVO service using an Airbus 320 with 180 full economy seats. CEB‑DVO distance is 247 miles. A flight was performed with 156 passengers on‑board. Compute for the Available‑Seat Kilometers and Load Factor.

·       ASK = 44460, L.F = 87.6%

·       ASK = 62010, L.F = 86.7%

·       ASK = 71550, L.F = 86.7%

·       ASK = 38532, L.F = 86%

  1. The “Standards” contained in the Annexes to the Chicago Convention are to be considered:

·       Binding for all member States

·       Advice and guidance for the aviation legislation within the member States

·       Binding for all airline companies with international traffic

·       Binding for the member States that have not notified ICAO about a national difference

  1. Where would you find the requirements and the syllabus for a maintenance license?

·       EASA Part 147

·       EASA Part 145

·       EASA Part 66

·       EASA Part 2

  1. For planning purposes, an aerodrome is categorized by an aerodrome reference code. This code is composed of two elements: a number and a letter. What does the number signify?

·       Aerodrome Reference Field Length

·       Squawk Code

·       Crash/Rescue Category

·       Load Classification Number

  1. V‑NO means

·       Max flap extension speed

·       Maneuvering speed

·       Max structural cruising speed

·       Stalling speed

  1. It is known as the true value of interest rate computed by using equations for compound interest for a 1‑year period only.

·       Expected return rate

·       Economic return rate

·       Effective interest rate

·       Nominal interest rate

 Econ and Air Laws Mock Examination

  1. Find the simple interest on Php 8,000 at 5.5% simple interest for 4 years and 9 months.

·       Php 1,090.00

·       Php 2,090.00

·       Php 3,090.00

·       Php 4,090.00

  1. A housewife bought a brand new washing machine costing Php 12,000 if paid in cash. However, she can purchase it on installment basis to be paid within 5 years. If money is worth 8% compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year?

·       Php 2,782.85

·       Php 2,782.58

·       Php 2,400.00

·       Php 2,827.58

  1. A deposit of Php 1,000 is made in a bank account that pays 8% interest compounded annually. Approximately how much money will be in the account after 10 years?

·       Php 1,925.00

·       Php 1,860.00

·       Php 2,345.00

·       Php 2,160.00

  1. A unit of welding machine cost Php 45,000 with an estimated life of 5 years. Its salvage value is Php 2,500. Find its depreciation rate by Straight Line Method.

·       0.1775

·       0.1988

·       0.1889

·       0.1556

  1. A man borrowed Php 20,000 from a local commercial bank which has a simple interest of 16% but the interest is to be deducted from the loan at the time the money was borrowed and the loan is payable at the end of one year. How much is the actual rate of interest?

·       0.12

·       0.19

·       0.10

·       0.14

  1. It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Assume you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

·       0.1628

·       0.1682

·       0.1712

·       0.1582

  1. A man borrowed Php 100,000 at the interest rate of 12% per annum, compounded quarterly. What is the effective rate?

·       0.03

·       0.132

·       0.12

·       0.1255

  1. A man purchased on monthly installment a Php 100,000 worth of land. The interest rate is 12% and payable in 20 years. What is the monthly amortization?

·       Php 1,101.08

·       Php 1,121.01

·       Php 1,152.15

·       Php 1,128.12

  1. If Php 5,000.00 shall accumulate for 10 years at 8% compounded quarterly, find the compounded interest at the end of 10 years.

·       Php 6,005.30

·       Php 6,040.20

·       Php 6,000.00

·       Php 6,010.20

  1. Php 200,000 was deposited on January 1, 1988 at an interest rate of 24% compounded semi‑annually. How much would be the sum on January 1, 1993?

·       Php 401,170

·       Php 421,170

·       Php 521,170

·       Php 621,170

  1. A person buys a piece of lot for Php 100,000 DP and 10 deferred semi‑annual payments of Php 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi‑annually?

·       Php 134,666.80

·       Php 143,999.08

·       Php 154,696.80

·       Php 164,969.80

  1. On his 6th birthday a boy is left an inheritance. The inheritance will be paid in a lump sum of Php 10,000 on his 21st birthday. What is the present value of the inheritance as of the boy’s 6th birthday, if the interest is compounded annually? Assume i = 4%.

·       Php 6,500

·       Php 8,600

·       Php 5,500

·       Php 7,500

  1. A company purchases an asset for Php 10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of 20th year, what is the depreciation in the third year? Use SYD method.

·       Php 677.00

·       Php 857.00

·       Php 937.00

·       Php 747.00

  1. A machine costing Php 45,000 is estimated to have a book value of Php 4,350 when retired at the end of 6 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?

·       0.3325

·       0.3225

·       0.3525

·       0.3425

  1. What do you call the market situation categorized of having few buyers and many sellers?

·       Oligopsony

·       Oligopoly

·       Monopoly

·       Monopsony

  1. The quantity of a certain commodity that is bought at a certain price at a given time and place is known as ________.

·       Supply

·       Demand

·       Necessity

·       Utility

  1. What is used to record historical financial transactions?

·       Bookkeeping System

·       Ledger System

·       Balance Check

·       General Journal System

  1. The worth of a depreciable property as shown on the accounting records of a company.

·       Market Value

·       Property Cost

·       Accounted Principal

·       Book Value

  1. Methods of depreciation that is not applicable if the salvage value of the equipment is zero.

·       Declining Balance

·       Straight Line

·       Zero Balance Rule

·       Sinking Fund

  1. For normal category aircraft, positive limit maneuvering load factor must not exceed

·       1.5

·       2

·       2.1

·       3.8

  1. The manager who has corporate authority for ensuring that all maintenance, preventive maintenance and modification required by the aircraft owner/operator can be financed and carried out to the standard required by the Authority?

·       Director for Finance

·       Director for Operations

·       Director for Quality

·       Accountable Manager

  1. The State having jurisdiction over the organization responsible for the final assembly of the aircraft

·       State of Registry

·       State of Operator

·       State of Manufacture

·       State of Design

  1. An airport terminal design that uses a small, narrow building with aircraft parked on both sides.

·       Mobile Lounge

·       Pier

·       Satellite

·       Semi‑circular

  1. It is a notification to owners and operators of certified aircraft that a known safety deficiency with a particular model of aircraft, engine, avionics or other system exists and must be corrected?

·       Advisory Circular

·       Airworthiness Directives

·       Alert Notice

·       Service Bulletin

  1. These are Commercial Service Airports that have more than 10,000 passengers boarding each year.

·       Primary Airports

·       Non‑primary Airports

·       Reliever Airports

·       General Aviation Airports

  1. It indicates a mandatory requirement.

·       Shall

·       Should

·       Acceptable

·       Approved

  1. What are the categories according to JAR‑66?

·       Cat. A, B, C, and D

·       Cat. A, B, C1, and C2

·       Cat. A, B1, B2, and C

·       Cat. A, B, and C

  1. What document must a foreigner submit to qualify to take the written examination prior to registration for the practice of Aeronautical Engineering?

·       Knowledge Test Report

·       Proof of Reciprocity

·       Foreign Study Permit

·       Certificate of Proficiency

  1. Each person performing an annual or 100‑hour inspection shall use a checklist that contains at least those items in the appendix of _____.

·       14 CFR Part 43

·       14 CFR Part 65

·       AC 43.13‑3

·       14 CFR Part 91

  1. The Board of Aeronautical Engineering under the Professional Regulation Commission is composed of how many members?

·       2

·       3

·       5

·       7

  1. Which EASA Form states that a product, a part, or a component was manufactured in accordance with an approved design data.

·       1

·       19

·       26

·       29

  1. Per PCAR Part 6, it specifies the scope of work required of the AMO in order to satisfy the relevant requirements needed for an approval of an aircraft or aeronautical product for return to service.

·       AMO Certificate

·       RTS Certificate

·       Maintenance Release

·       Maintenance Procedures Manual

  1. Bombardier Q400 can carry 90 passengers. How many portable fire extinguishers should be present in the airplane?

·       2

·       3

·       4

·       5

  1. Safe operation of the aircraft is the responsibility of the ____.

·       Part‑M Organization

·       Owner

·       Operator

·       Pilot‑in‑Command

  1. This airport terminal has a building detached from other airport buildings, so that aircraft can park around its entire circumference.

·       Mobile Lounge

·       Pier

·       Satellite

·       Semi‑circular

  1. The ____ in the seal of an Aeronautical Engineer symbolizes that aeronautical engineering is a dynamic and progressive profession?

·       Wing Section

·       Shockwaves

·       Electrons

·       Atom

  1. Which convention deals with the unification of rules related to damage caused by aircraft to third parties on the surface?

·       Rome Convention

·       Guatemala Convention

·       Montreal Convention

·       Tokyo Convention

  1. 14 CFR Part ____ prescribes the certification process of products and parts?

·       11

·       13

·       21

·       23

  1. Which denotes the calibrated airspeed at which, when the critical engine is suddenly made inoperative, it is possible to maintain control of the airplane?

·       VMC

·       VREF

·       VMCG

·       VSSE

  1. It defines the product design change, states how the modification affects the existing type design, and lists serial number effectivity.

·       Advisory Circular

·       Aviation Maintenance Alerts

·       Supplemental Type Certificate

·       Type Certificate Data Sheet

  1. ATA Chapter for Communications is

·       ATA 12

·       ATA 23

·       ATA 44

·       ATA 67

  1. This is a function where the management identifies its objectives, achievements, and alternatives.

·       Controlling

·       Directing

·       Planning

·       Organizing

  1. Per 14 CFR 23, airplanes that fall under the ____ category are intended for use without restrictions.

·       Acrobatic

·       Commuter

·       Normal

·       Utility

  1. For night landing, the thresholds are lighted _____.

·       Blue

·       Green

·       Red

·       Yellow

  1. In cases of an accident/incident involving dangerous goods, within how many hours should it be reported to the Civil Aviation Authority of the Philippines?

·       24 hours

·       48 hours

·       72 hours

·       120 hours

  1. It is the minimum speed at which climb shall be achieved with the critical power‑unit inoperative, the remaining power‑units operating within approved operating limits.

·       VCRIT

·       VMIN

·       VTOSS

·       VY

  1. The right of an airline from a particular country to originate a flight from foreign country and carry passengers from one point to another within that foreign country. This occurrence is also known as ____.

·       Beyond Rights

·       Cabotage

·       Stand‑Alone Cabotage

·       Transit Agreement

  1. What is Part M all about?

·       Continuing Airworthiness

·       Personnel Licensing

·       Maintenance Organization

·       Design Approval

  1. A defined area on land or water intended to be used either wholly or in part for the arrival, departure, and movement of aircraft is called ____.

·       Airport

·       Runway

·       Ramp

·       Aerodrome

  1. The power to regulate the economic aspect of air transportation and general supervision and regulation of air carriers, general sales agents, cargo sales agents, and airfreight forwarders as well as their property, property rights, equipment, facilities, and franchise rest on the ____.

·       Civil Aviation Authority

·       Civil Aeronautics Board

·       Department of Finance

·       Department of Transportation