Poultry farms comes under which industry?

b) Genetic industries | Genetic industries are such industries in which certain species of plants and animals are multiplied and reproduced.

A type of account relating to losses and incomes is:

c) Nominal | Nominal accounts in accounting are the temporary account such as the income statement accounts.

In VED analysis D stands for-

b) Desirable item | VED analysis is vital, essential, and desirable analysis employed in inventory control.

alpha numeric codification is suitable for a -

a) Large scale organisation | Alpha numeric codification is a coding system suitable for large scale organisation, e.g. Car Numbers.

Purchase indent is an -

b) Internal document | Purchase indent is a document that is used by the company internally that authorize the purchasing of products and material needed by the company.

Economic order quantity (EOQ) aims at minimizing -

c) Both of carrying cost and ordering cost | EOQ aims to minimize carrying cost and ordering cost.

Which of the method of advertisement is suitable for uneducated media?

b) Audio visual | Audiovisuals refers to work with both a sound and visual component. This method is suitable for uneducated peoples.

The business financial year in India ends on -

a) March 31st | A financial year in India generally ends on 31st march.

Patent, copyright, trademarks comes under which type of assets?

b) Intangible assets | Intangible assets are identifiable long term assets of the company having no physical existence.

Uniform part of a loan raised by a company is known as -

c) Debentures | Debentures is a document that either creates a debt or acknowledge it and it is debt without collateral.

Induction training is meant for -

b) New employees | Induction training is a type of training given as an initial preparation upon taking up a post (new employees)

Bank is an organisation which deals in -

d) All of the above | Bank is an organisation which deals different matters related to money like deposit, loan, interest, etc.

What is a pooled commission?

b) Equal share of commission on total sale | Pooled commission is the equal share of commission on total sale .

Credit balance of a ledger account is denoted by -

a) Excess of credit side over debit side | Excess of credit side over debit side is called credit balance.

The exchange of goods between foreign producers and foreign consumer comes under -

c) Entrepot trade | Entrepot trade in which imported goods are re-exported with or without any additional processing or repackaging.

Indian contract act was passed in -

b) 1872 | The indian contract act was passed in 1872.

Scrap and surplus disposal helps to -

d) All of the above | Disposal of scrap and surplus items helps in gaining funds, reducing investment, space sparing etc.

The Imprest system is used in relation to -

c) Petty cash book | Imprest system is a form of financial accounting system. The most common imprest system is the petty cash system.

In fund flow system the term 'fund' means -

d) Current liabilities - current assets | Fund means current liabilities and current assets in fund flow statement.

b) Quantitative statement | A budget is a quantitative expression of a plan for defined period of time.

in the journal data is recorded on the basis of -

d) Transaction | the unit of classification of data within the journal is the transaction. In the journal the data is recorded on the basis of transaction.

A person who is interested to start a retail drug store must be -

b) Registered Pharmacist | Registered Pharmacist is licensed to start a retail drug store.

Which one is not the function of management?

c) Crediting | Management includes planning, organising, staffing, leading and controlling an organisation to accomplish the goal.

a) Major tender | Open tender is also known as competitive tender, public tender and major tender.

The form of cheque for which we cannot get cash in hand is -

c) Crossed cheque | Crossed cheque is a cheque marked to specify an instruction about the way it is to be redeemed. One can not get cash in hand through a crossed cheque.

The maximum number of partners allowed in a general business -

b) 20 | Maximum 20 partners are allowed in a general business.

The perpetual inventory system includes-

d) All of the above | Perpetual inventory is also known as continuous inventory, described system of inventory where information on inventory quality and availability is updated on a continuous basis as a function of doing business. A bin card and store ledger are common elements in a perpetual inventory system.

Commerce is a term involved in -

b) Buying and selling of goods | Commerce is a whole system of an economy that constitute an environment for business (buying and selling of goods).

Formula of debt equity ratio is -

c) Total liabilities / shareholders equity | Debt equity ratio is used to measure relative claims of creditors and owners. It is Total liabilities by stockholders equity.

Drug samples worth Rs. 5,000 were distributed to physicians. The amount should be debited to -

Advertisement!

Q.14. Drug samples worth Rs. 5,000 were distributed to physicians. The amount should be debited to -

Sales account
Samples account
Advertisement account
None of the above

Answer: (c) Advertisement account
Explanation: Advertising account executes work withing advertising or multiservices agencies acting as a link between clients and the agency.

DSBM : MCQs Based Practice Test #1 | D. Pharmacy 2nd Year

30 Questions 1890 Attempts 55.41K Seen

Drug Store and Business Management (DSBM) is an important subject added in the course curriculum of Pharmacy courses, as pharmacist is primarily involved in sale and purchase of drugs/medicines so he/she must need to adopt some profession and occupation. So business management for a drug store is equally important as the knowledge of drugs. In this Practice test we have selected some 30 important questions (MCQs) from drug store and business management (DSBM). This will helpful for diploma in pharmacy 2nd year students, B.pharmacy, competitive exams and also to gain basic knowledge of accounting and commerce. Start Test without Login in
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Q.No.	Que title	Option 1 (a)	Option 2 (b)	Option 3 (c)	Option 4 (d)
1	Poultry farms comes under which industry?	Extractive industries	Genetic industries	Manufacturing industries	Construction industries
2	A type of account relating to losses and incomes is:	Personal	Real	Nominal	Profit and loss
3	In VED analysis D stands for-	Data of receipt of items	Desirable item	Deviation of stock	Daily desired item
4	alpha numeric codification is suitable for a -	Large scale organisation	Small scale organisation	Medium scale organisation	All of the above
5	Purchase indent is an -	External document	Internal document	Legal document	None of the above
6	Economic order quantity (EOQ) aims at minimizing -	Carrying cost	Ordering cost	Both of carrying cost and ordering cost	Suppliers price
7	Which of the method of advertisement is suitable for uneducated media?	Magazines	Audio visual	News papers	Any of the above
8	The business financial year in India ends on -	March 31st	December 31st	July 31st	March 31st and December 31st
9	Patent, copyright, trademarks comes under which type of assets?	Current assets	Intangible assets	Tangible assets	Miscellaneous assets
10	Uniform part of a loan raised by a company is known as -	Public deposit	Equity shares	Debentures	Borrowed capital
11	Induction training is meant for -	Existing employees	New employees	Both (a) and (b)	None of the above
12	Bank is an organisation which deals in -	Deposits	Loans	Money	All of the above
13	What is a pooled commission?	Share of commission on total profit	Equal share of commission on total sale	Equal share of commission on annual total sale	Straight salary plus bonus on sale
14	Drug samples worth Rs. 5,000 were distributed to physicians. The amount should be debited to -	Sales account	Samples account	Advertisement account	None of the above
15	Credit balance of a ledger account is denoted by -	Excess of credit side over debit side	Excess of debit side over credit side	Equally of debit and credit	Any of the above
16	The exchange of goods between foreign producers and foreign consumer comes under -	Import and export trade	Import trade	Entrepot trade	External trade
17	Indian contract act was passed in -	1992	1872	1972	1892
18	Scrap and surplus disposal helps to -	Reduce investments	Release surplus funds	Make available funds	All of the above
19	The Imprest system is used in relation to -	Sales book	Purchase book	Petty cash book	Journal
20	In fund flow system the term 'fund' means -	Cash	Current assets	Current liabilities	Current liabilities - current assets
21	A budget is a -	Financial statement	Quantitative statement	A report only	Any of the above
22	in the journal data is recorded on the basis of -	Account	Nature	Year	Transaction
23	A person who is interested to start a retail drug store must be -	D.Pharmacy	Registered Pharmacist	Chemist	Druggist
24	Which one is not the function of management?	Planning	Organising	Crediting	Staffing
25	Open tender means -	Major tender	Moderate tender	Minor tender	None of these
26	The form of cheque for which we cannot get cash in hand is -	Bearer cheque	Order cheque	Crossed cheque	None of the above
27	The maximum number of partners allowed in a general business -	10	20	50	100
28	The perpetual inventory system includes-	Bin card	Stores ledger	Continuous stock taking	All of the above
29	Commerce is a term involved in -	Earning profit	Buying and selling of goods	Managing work	Providing finance
30	Formula of debt equity ratio is -	Net profit after tax	Owners equity	Total liabilities / shareholders equity	Internal equity / external equity

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