3776Chemical EngineeringMedium
Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known. The present cost of the plant = original cost × (index value at present/ index value at time original cost was obtained). The most major component of this cost index is________?
APumps and compressor
BFabricated equipment and machinery
CElectrical equipments and material
DProcess instruments and control
Correct answer
B. Fabricated equipment and machinery
Explanation
The correct answer is Fabricated equipment and machinery.