The term transactions in business referes to-

c) transfer of goods | Transaction referes to transfer of goods. The buyer and seller often involved in the exchange of items of value such as goods, information, services and money.

Channel of distribution is zero level in-

d) Manufacturer → patient | zero level channels have no intermediates.

Type of relationship of street vendor is-

c) Itinerant retailer | The trem itinerant retailer shall include person selling goods door to door as well as person selling goods from a mobile cart, trailer or similar devices.

d) non-prescription drugs | OTC drugs are over the counter medicines, sold directly to a consumer wothout a prescripton.

Safety stock is used for -

c) for emergency to meet unforeseen demands | safety stock is also known as buffer stock and its is used in emergency to meet extra demands.

a) Industrial Credit and Investment Corporation of India | ICICI stands for Industrial Credit and Investment Corporation of India.

Which one of the following will not apear as source of fund in flow statement?

b) increase in working capital | Increase in working capital will not appear as source of fund in flow statement.

Inventories comprise of-

d) All of the above | Inventory refers to the goods and material that a business holds for the ultimate purpose of resale/repair.

A leader who permits the members of the group to do whatever they want to do whatever they want to do may be classified into-

b) Laissez - Faire leader | The Laissez - Faire leadership style is where all the rights and powers to make decision is fully given to the worker.

Advertisement and salesmanship help to remove the-

d) Unawareness | advertisement and salesmanship help to remove the unawareness.

b) economic activity | Business is also known as Enterprise or a firm. It is an economic activity.

Partners who are neither entitled to take part in the management nor do they invest and get a share of profits are-

a) silent partners | Silent partners do not involved in a business.

The oldest form of business organisation is-

b) Sole Proprietorship | Sole or single properietorship is considered as the simplest as well as the oldest form of business ownership.

The buying and selling of pharmaceuticals items for making profit is called-

a) Trading | Trading is the value added function of the economic process.

Warehousing is done to save-

b) Place | Warehousing is done primarily to save place.

The maximum number of members in public limited company is-

d) unlimited | There is no restriction for maximum number of members in a public limited company.

In a mail order business goods are sold on-

a) cash | In a mail order business goods are sold on cash and it can be done exclusively from home.

Coding of items helps in-

a) Handling of store items | coding of items helps in handling of store items.

The layout of drug store depends upon-

b) Rules specified in shedule N | Schedule N includes list of minimum equipment for the efficient running of a pharmacy.

ABC analysis is based on-

b) consumption value of material | ABC analysis is the business term used to define inventory chategorisation technique often used in material management. It is also known as selective inventory control. It depends on consumption value of materials.

Which of these data of marketing research is more reliable?

a) Primary data | Marketing research is the process or set of process that link the consumers, customers and end users to the marketer through information. Primary data is more reliable for marketing research.

Location which attracts the customer for shopping may be termed as-

c) Generative Location | People are attracted to generative location for the purpose of shopping thus it generates business. E.g. shopping centers, out laying retail stores, full line department stores.

Bank provides finance to bussiness for-

d) Any of the above | finance deals with the allocation of assets. Bank provides finance to the business for various length of time.

Fixed rate of divident is given to-

b) Preference share holders | Fixed rate of divident is given to preferance share holders.

What is the role of shareholders in a company?

a) Owners | shareholders are the owners of the company. They have different percentage of ownership (share).

Plant and machinery will appear on-

a) Debit side of balance sheet | In a balance sheet, plant and machinery are placed on the debit side.

Buying of items from foreign country is called-

b) Import | Import is buying of items from foreign country.

Trial balance helps in preparing-

d) All of the above | Trial balance checks the sum of debits against the sum of credits.

A chemist shop deals only in drugs so it is an example of-

b) Single line store | Single line store is also known as speciality store.

Each transaction has double effect is shown by-

Q: Channel of distribution is zero level in-

d) Manufacturer &rarr; patient | zero level channels have no intermediates.

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Q.25. Each transaction has double effect is shown by-

Dual aspect concept
Realization concept
cost concept
Money measurement concept

Answer: (a) Dual aspect concept
Explanation: dual aspect concept also known as duality principle, it is a fundamental convention of accounting.

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

30 Questions 595 Attempts 19.85K Seen

Drug Store and Business Management (DSBM) is an important subject added to 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. This is the second practice test in DSBM. In this Practice test, we have selected some 30 important questions (MCQs) from the Subject 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	The term transactions in business referes to-	Exchange of goods	goods and services	transfer of goods	Goods and sale
2	Channel of distribution is zero level in-	Manufacturers → physician → consumer	Manufacturer → wholesaler → physician → patient	Manufacturer → retailer → patient	Manufacturer → patient
3	Type of relationship of street vendor is-	small scale fixed retailer	large scale retailer	Itinerant retailer	Pertinent retailer
4	OTC drugs are-	Ethical drugs	Prescription drugs	Ethical and prescription drugs	non-prescription drugs
5	Safety stock is used for -	For protection of store from fire or thefts	As an insuarance claim during emergency	for emergency to meet unforeseen demands	to increase the market value of product
6	ICICI stands for -	Industrial Credit and Investment Corporation of India	Inductrial and Commercial Investment Corporation of India	Indian Corporation of Investments and Commercial Institution	Industrial Corporation of Investment and Credit Income
7	Which one of the following will not apear as source of fund in flow statement?	Increase in share capital	increase in working capital	increase in secured loans	funds from operation
8	Inventories comprise of-	Raw material	General store machinery	Finished products	All of the above
9	A leader who permits the members of the group to do whatever they want to do whatever they want to do may be classified into-	Democratic leader	Laissez - Faire leader	Herzberg leader	social leader
10	Advertisement and salesmanship help to remove the-	Hindrance of place	Hindrance of persons	Hindrance of finance	Unawareness
11	Business is an-	non-economic activity	economic activity	both economic and non-economic activity	All of the above
12	Partners who are neither entitled to take part in the management nor do they invest and get a share of profits are-	silent partners	Prtners by estoppel	Nominal partner	Limited partner
13	The oldest form of business organisation is-	Joint stock company	Sole Proprietorship	Partnership	All of the above
14	The buying and selling of pharmaceuticals items for making profit is called-	Trading	Commerce	Direct service	Miscellaneous
15	Warehousing is done to save-	Time	Place	Cost	Labour requirements
16	The maximum number of members in public limited company is-	20	30	50	unlimited
17	In a mail order business goods are sold on-	cash	credit	both cash and credit	Instalment basis
18	Coding of items helps in-	Handling of store items	Standardization of drug	Reduction of items	All of the above
19	The layout of drug store depends upon-	Pharmacist/proprietor	Rules specified in shedule N	Availability of space	All of the above
20	ABC analysis is based on-	Unit price material	consumption value of material	storage value of material	All of the above
21	Which of these data of marketing research is more reliable?	Primary data	secondary data	both primary and secondary data	none of the above
22	Location which attracts the customer for shopping may be termed as-	Interceptive location	Geographic location	Generative Location	Sucipent location
23	Bank provides finance to bussiness for-	Long term	Short term	medium term	Any of the above
24	Fixed rate of divident is given to-	Equity share holders	Preference share holders	Differed shares	Any of the above
25	Each transaction has double effect is shown by-	Dual aspect concept	Realization concept	cost concept	Money measurement concept
26	What is the role of shareholders in a company?	Owners	Creditors	Managers	Any of the above
27	Plant and machinery will appear on-	Debit side of balance sheet	Debit side of profit and loss account	Credit side of balance sheet	Credit side of profit and loss account
28	Buying of items from foreign country is called-	Export	Import	Enteport	All of the above
29	Trial balance helps in preparing-	Trading account	profit and loss account	Balance sheet	All of the above
30	A chemist shop deals only in drugs so it is an example of-	General store	Single line store	Street stall	none of the above

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