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drug-store-business-management MCQs with Explanations - Chapter-wise Practice Questions
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. 4 of Quiz- (Que-ID : 1454)
Limited scope of expansion is the disadvantage of…
- Sole proprietorship
- Partnership firms
- Co operative society
- All of them
Q. 4 of Quiz- (Que-ID : 1313)
OTC drugs are-
- Ethical drugs
- Prescription drugs
- Ethical and prescription drugs
- non-prescription drugs
Q. 26 of Quiz- (Que-ID : 1335)
What is the role of shareholders in a company?
- Owners
- Creditors
- Managers
- Any of the above
Q. 17 of Quiz- (Que-ID : 1326)
In a mail order business goods are sold on-
- cash
- credit
- both cash and credit
- Instalment basis
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. 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. 7 of Quiz- (Que-ID : 1316)
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
Q. 23 of Quiz- (Que-ID : 1332)
Bank provides finance to bussiness for-
- Long term
- Short term
- medium term
- Any of the above
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. 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. 27 of Quiz- (Que-ID : 1210)
The maximum number of partners allowed in a general business -
- 10
- 20
- 50
- 100
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. 29 of Quiz- (Que-ID : 1212)
Commerce is a term involved in -
- Earning profit
- Buying and selling of goods
- Managing work
- Providing finance
Q. 3 of Quiz- (Que-ID : 1453)
The highest secrecy can be maintained in
- Sole proprietorship
- Co operative society
- Partnership firms
- All of them
Q. 13 of Quiz- (Que-ID : 1322)
The oldest form of business organisation is-
- Joint stock company
- Sole Proprietorship
- Partnership
- All of the above
Q. 18 of Quiz- (Que-ID : 1201)
Scrap and surplus disposal helps to -
- Reduce investments
- Release surplus funds
- Make available funds
- All of the above
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. 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
Q. 13 of Quiz- (Que-ID : 1196)
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
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. 9 of Quiz- (Que-ID : 1318)
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
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. 10 of Quiz- (Que-ID : 1319)
Advertisement and salesmanship help to remove the-
- Hindrance of place
- Hindrance of persons
- Hindrance of finance
- Unawareness
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. 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. 2 of Quiz- (Que-ID : 1311)
Channel of distribution is zero level in-
- Manufacturers → physician → consumer
- Manufacturer → wholesaler → physician → patient
- Manufacturer → retailer → patient
- Manufacturer → patient
Q. 12 of Quiz- (Que-ID : 1195)
Bank is an organisation which deals in -
- Deposits
- Loans
- Money
- All of the above
Q. 25 of Quiz- (Que-ID : 1208)
Open tender means -
- Major tender
- Moderate tender
- Minor tender
- None of these
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