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Drug Store and Business Management Practice MCQs

1 of 50

Q.1 Poultry farms comes under which industry?

  • Extractive industries
  • Genetic industries
  • Manufacturing industries
  • Construction industries


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

2 of 50

Q.2 A type of account relating to losses and incomes is:

  • Personal
  • Real
  • Nominal
  • Profit and loss


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

3 of 50

Q.3 In VED analysis D stands for-

  • Data of receipt of items
  • Desirable item
  • Deviation of stock
  • Daily desired item


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

4 of 50

Q.4 alpha numeric codification is suitable for a -

  • Large scale organisation
  • Small scale organisation
  • Medium scale organisation
  • All of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

5 of 50

Q.5 Purchase indent is an -

  • External document
  • Internal document
  • Legal document
  • None of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

6 of 50

Q.6 Economic order quantity (EOQ) aims at minimizing -

  • Carrying cost
  • Ordering cost
  • Both of carrying cost and ordering cost
  • Suppliers price


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

7 of 50

Q.7 Which of the method of advertisement is suitable for uneducated media?

  • Magazines
  • Audio visual
  • News papers
  • Any of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

8 of 50

Q.8 The business financial year in India ends on -

  • March 31st
  • December 31st
  • July 31st
  • March 31st and December 31st


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

9 of 50

Q.9 Patent, copyright, trademarks comes under which type of assets?

  • Current assets
  • Intangible assets
  • Tangible assets
  • Miscellaneous assets


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

10 of 50

Q.10 Uniform part of a loan raised by a company is known as -

  • Public deposit
  • Equity shares
  • Debentures
  • Borrowed capital


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

11 of 50

Q.11 Induction training is meant for -

  • Existing employees
  • New employees
  • Both (a) and (b)
  • None of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

12 of 50

Q.12 Bank is an organisation which deals in -

  • Deposits
  • Loans
  • Money
  • All of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

13 of 50

Q.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


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

14 of 50

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


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

15 of 50

Q.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


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

16 of 50

Q.16 The exchange of goods between foreign producers and foreign consumer comes under -

  • Import and export trade
  • Import trade
  • Entrepot trade
  • External trade


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

17 of 50

Q.17 Indian contract act was passed in -

  • 1992
  • 1872
  • 1972
  • 1892


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

18 of 50

Q.18 Scrap and surplus disposal helps to -

  • Reduce investments
  • Release surplus funds
  • Make available funds
  • All of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

19 of 50

Q.19 The Imprest system is used in relation to -

  • Sales book
  • Purchase book
  • Petty cash book
  • Journal


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

20 of 50

Q.20 In fund flow system the term 'fund' means -

  • Cash
  • Current assets
  • Current liabilities
  • Current liabilities - current assets


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

21 of 50

Q.21 A budget is a -

  • Financial statement
  • Quantitative statement
  • A report only
  • Any of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

22 of 50

Q.22 in the journal data is recorded on the basis of -

  • Account
  • Nature
  • Year
  • Transaction


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

23 of 50

Q.23 A person who is interested to start a retail drug store must be -

  • D.Pharmacy
  • Registered Pharmacist
  • Chemist
  • Druggist


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

24 of 50

Q.24 Which one is not the function of management?

  • Planning
  • Organising
  • Crediting
  • Staffing


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

25 of 50

Q.25 Open tender means -

  • Major tender
  • Moderate tender
  • Minor tender
  • None of these


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

26 of 50

Q.26 The form of cheque for which we cannot get cash in hand is -

  • Bearer cheque
  • Order cheque
  • Crossed cheque
  • None of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

27 of 50

Q.27 The maximum number of partners allowed in a general business -

  • 10
  • 20
  • 50
  • 100


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

28 of 50

Q.28 The perpetual inventory system includes-

  • Bin card
  • Stores ledger
  • Continuous stock taking
  • All of the above


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

29 of 50

Q.29 Commerce is a term involved in -

  • Earning profit
  • Buying and selling of goods
  • Managing work
  • Providing finance


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

30 of 50

Q.30 Formula of debt equity ratio is -

  • Net profit after tax
  • Owners equity
  • Total liabilities / shareholders equity
  • Internal equity / external equity


D. PharmaDrug Store and Business ManagementB. PharmaDiploma in Pharmacy

31 of 50

Q.1 The term transactions in business referes to-

  • Exchange of goods
  • goods and services
  • transfer of goods
  • Goods and sale


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.2 Channel of distribution is zero level in-

  • Manufacturers → physician → consumer
  • Manufacturer → wholesaler → physician → patient
  • Manufacturer → retailer → patient
  • Manufacturer → patient


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.3 Type of relationship of street vendor is-

  • small scale fixed retailer
  • large scale retailer
  • Itinerant retailer
  • Pertinent retailer


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.4 OTC drugs are-

  • Ethical drugs
  • Prescription drugs
  • Ethical and prescription drugs
  • non-prescription drugs


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.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


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

36 of 50

Q.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


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

37 of 50

Q.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


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.8 Inventories comprise of-

  • Raw material
  • General store machinery
  • Finished products
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

39 of 50

Q.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


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

40 of 50

Q.10 Advertisement and salesmanship help to remove the-

  • Hindrance of place
  • Hindrance of persons
  • Hindrance of finance
  • Unawareness


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

41 of 50

Q.11 Business is an-

  • non-economic activity
  • economic activity
  • both economic and non-economic activity
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

42 of 50

Q.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


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

43 of 50

Q.13 The oldest form of business organisation is-

  • Joint stock company
  • Sole Proprietorship
  • Partnership
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

44 of 50

Q.14 The buying and selling of pharmaceuticals items for making profit is called-

  • Trading
  • Commerce
  • Direct service
  • Miscellaneous


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.15 Warehousing is done to save-

  • Time
  • Place
  • Cost
  • Labour requirements


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

46 of 50

Q.16 The maximum number of members in public limited company is-

  • 20
  • 30
  • 50
  • unlimited


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

47 of 50

Q.17 In a mail order business goods are sold on-

  • cash
  • credit
  • both cash and credit
  • Instalment basis


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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Q.18 Coding of items helps in-

  • Handling of store items
  • Standardization of drug
  • Reduction of items
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

49 of 50

Q.19 The layout of drug store depends upon-

  • Pharmacist/proprietor
  • Rules specified in shedule N
  • Availability of space
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

50 of 50

Q.20 ABC analysis is based on-

  • Unit price material
  • consumption value of material
  • storage value of material
  • All of the above


D. PharmaDrug Store and Business ManagementDiploma in Pharmacy

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