Question

All but one of the following are economic criteria to evaluate an engineering project. Which one is the non-economic criterion?

A) maximum profit

B) minimum cost

C) minimum pollution

D) maximum rate of return E) minimum payback period

Answer 1

Ans. = (Option C) Minimum Pollution

Minimum Pollution is a Non - Economic Criteria. as this can't be measured in Monetary Terms.

Economic Criteria includes those items which can be measured in Quantitative Terms or Monetary Terms.

Non Economic Criteria includes those items which can't be measured in Monetary Terms. This includes Qualitative data.

Rest of all the options can be measured in Monetary Terms.

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