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drug-store-business-management MCQs with Explanations - Chapter-wise Practice Questions
Q. 4 of Quiz- (Que-ID : 1460)
The partner not sharing profit but liable for the debts of the firm is…
- Secret partner
- Nominal partner
- Working partner
- None of them
Q. 6 of Quiz- (Que-ID : 1456)
In which of the following forms of business organization, registration is compulsory…
- Partnership firm
- Sole proprietorship
- Joint-stock company
- All of them
Q. 18 of Quiz- (Que-ID : 1327)
Coding of items helps in-
- Handling of store items
- Standardization of drug
- Reduction of items
- All of the above
Q. 19 of Quiz- (Que-ID : 1202)
The Imprest system is used in relation to -
- Sales book
- Purchase book
- Petty cash book
- Journal
Q. 8 of Quiz- (Que-ID : 1464)
A limited partnership consist of…
- General partners
- Limited partners
- Special partners
- All of them
Q. 1 of Quiz- (Que-ID : 1310)
The term transactions in business referes to-
- Exchange of goods
- goods and services
- transfer of goods
- Goods and sale
Q. 10 of Quiz- (Que-ID : 1319)
Advertisement and salesmanship help to remove the-
- Hindrance of place
- Hindrance of persons
- Hindrance of finance
- Unawareness
Q. 14 of Quiz- (Que-ID : 1323)
The buying and selling of pharmaceuticals items for making profit is called-
- Trading
- Commerce
- Direct service
- Miscellaneous
Q. 7 of Quiz- (Que-ID : 1190)
Which of the method of advertisement is suitable for uneducated media?
- Magazines
- Audio visual
- News papers
- Any of the above
Q. 23 of Quiz- (Que-ID : 1206)
A person who is interested to start a retail drug store must be -
- D.Pharmacy
- Registered Pharmacist
- Chemist
- Druggist
Q. 24 of Quiz- (Que-ID : 1333)
Fixed rate of divident is given to-
- Equity share holders
- Preference share holders
- Differed shares
- Any of the above
Q. 29 of Quiz- (Que-ID : 1212)
Commerce is a term involved in -
- Earning profit
- Buying and selling of goods
- Managing work
- Providing finance
Q. 30 of Quiz- (Que-ID : 1339)
A chemist shop deals only in drugs so it is an example of-
- General store
- Single line store
- Street stall
- none of the above
Q. 28 of Quiz- (Que-ID : 1211)
The perpetual inventory system includes-
- Bin card
- Stores ledger
- Continuous stock taking
- All of the above
Q. 24 of Quiz- (Que-ID : 1207)
Which one is not the function of management?
- Planning
- Organising
- Crediting
- Staffing
Q. 11 of Quiz- (Que-ID : 1194)
Induction training is meant for -
- Existing employees
- New employees
- Both (a) and (b)
- None of the above
Q. 7 of Quiz- (Que-ID : 1463)
The partnership wherein partners have unlimited liabilities is…
- General partnership
- Limited partnership
- Both of them
- None of them
Q. 2 of Quiz- (Que-ID : 1185)
A type of account relating to losses and incomes is:
- Personal
- Real
- Nominal
- Profit and loss
Q. 20 of Quiz- (Que-ID : 1329)
ABC analysis is based on-
- Unit price material
- consumption value of material
- storage value of material
- All of the above
Q. 16 of Quiz- (Que-ID : 1199)
The exchange of goods between foreign producers and foreign consumer comes under -
- Import and export trade
- Import trade
- Entrepot trade
- External trade
Q. 2 of Quiz- (Que-ID : 1458)
… . . .. Partner do not take part in conduct of business firm.
- Working partner
- Secret partner
- Inactive partner
- None of them
Q. 11 of Quiz- (Que-ID : 1320)
Business is an-
- non-economic activity
- economic activity
- both economic and non-economic activity
- All of the above
Q. 26 of Quiz- (Que-ID : 1209)
The form of cheque for which we cannot get cash in hand is -
- Bearer cheque
- Order cheque
- Crossed cheque
- None of the above
Q. 14 of Quiz- (Que-ID : 1197)
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
Q. 10 of Quiz- (Que-ID : 1466)
The partner having authority to check the books of account for information besides not a part of Managing firm is…
- General partners
- Limited partner
- Special partners
- All of them
Q. 30 of Quiz- (Que-ID : 1213)
Formula of debt equity ratio is -
- Net profit after tax
- Owners equity
- Total liabilities / shareholders equity
- Internal equity / external equity
Q. 6 of Quiz- (Que-ID : 1462)
The partner who does not want to be known as partner of the firm is…
- Secret partner
- Working partner
- Secret partner
- None of them
Q. 4 of Quiz- (Que-ID : 1313)
OTC drugs are-
- Ethical drugs
- Prescription drugs
- Ethical and prescription drugs
- non-prescription drugs
Q. 1 of Quiz- (Que-ID : 1451)
When businesses organisations owned and controlled by a single person it is…
- Sole proprietorship
- Partnership firms
- Co operative society
- All of them
Q. 16 of Quiz- (Que-ID : 1325)
The maximum number of members in public limited company is-
- 20
- 30
- 50
- unlimited
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