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drug-store-business-management MCQs with Explanations - Chapter-wise Practice Questions
Q. 22 of Quiz- (Que-ID : 1205)
in the journal data is recorded on the basis of -
- Account
- Nature
- Year
- Transaction
Q. 21 of Quiz- (Que-ID : 1204)
A budget is a -
- Financial statement
- Quantitative statement
- A report only
- Any of the above
Q. 8 of Quiz- (Que-ID : 1464)
A limited partnership consist of…
- General partners
- Limited partners
- Special partners
- All of them
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. 2 of Quiz- (Que-ID : 1185)
A type of account relating to losses and incomes is:
- Personal
- Real
- Nominal
- Profit and loss
Q. 8 of Quiz- (Que-ID : 1317)
Inventories comprise of-
- Raw material
- General store machinery
- Finished products
- All of the above
Q. 22 of Quiz- (Que-ID : 1331)
Location which attracts the customer for shopping may be termed as-
- Interceptive location
- Geographic location
- Generative Location
- Sucipent location
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. 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. 27 of Quiz- (Que-ID : 1336)
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
Q. 5 of Quiz- (Que-ID : 1455)
The oldest form of business organisation is….
- Partnership
- Joint hindu family
- Sole Proprietorship
- All of them
Q. 9 of Quiz- (Que-ID : 1192)
Patent, copyright, trademarks comes under which type of assets?
- Current assets
- Intangible assets
- Tangible assets
- Miscellaneous assets
Q. 23 of Quiz- (Que-ID : 1332)
Bank provides finance to bussiness for-
- Long term
- Short term
- medium term
- Any of the above
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. 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. 16 of Quiz- (Que-ID : 1325)
The maximum number of members in public limited company is-
- 20
- 30
- 50
- unlimited
Q. 5 of Quiz- (Que-ID : 1314)
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
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. 29 of Quiz- (Que-ID : 1338)
Trial balance helps in preparing-
- Trading account
- profit and loss account
- Balance sheet
- All of the above
Q. 5 of Quiz- (Que-ID : 1188)
Purchase indent is an -
- External document
- Internal document
- Legal document
- None of the above
Q. 28 of Quiz- (Que-ID : 1337)
Buying of items from foreign country is called-
- Export
- Import
- Enteport
- All of the above
Q. 20 of Quiz- (Que-ID : 1203)
In fund flow system the term 'fund' means -
- Cash
- Current assets
- Current liabilities
- Current liabilities - current assets
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. 4 of Quiz- (Que-ID : 1187)
alpha numeric codification is suitable for a -
- Large scale organisation
- Small scale organisation
- Medium scale organisation
- All of the above
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. 9 of Quiz- (Que-ID : 1465)
More stable partnership is…
- General partnership
- Limited partnership
- Both of them
- None of them
Q. 21 of Quiz- (Que-ID : 1330)
Which of these data of marketing research is more reliable?
- Primary data
- secondary data
- both primary and secondary data
- none of the above
Q. 26 of Quiz- (Que-ID : 1335)
What is the role of shareholders in a company?
- Owners
- Creditors
- Managers
- Any of the above
Q. 6 of Quiz- (Que-ID : 1315)
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
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