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Question 1 of 76

Q.1 The term transactions in business referes to-

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

Question 2 of 76

Q.2 Channel of distribution is zero level in-

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

Question 3 of 76

Q.3 Type of relationship of street vendor is-

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

Question 4 of 76

Q.4 OTC drugs are-

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

Question 5 of 76

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

Question 6 of 76

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

Question 7 of 76

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

Question 8 of 76

Q.8 Inventories comprise of-

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

Question 9 of 76

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

Question 10 of 76

Q.10 Advertisement and salesmanship help to remove the-

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

Question 11 of 76

Q.11 Business is an-

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

Question 12 of 76

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

Question 13 of 76

Q.13 The oldest form of business organisation is-

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

Question 14 of 76

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

  • Trading
  • Commerce
  • Direct service
  • Miscellaneous

Question 15 of 76

Q.15 Warehousing is done to save-

  • Time
  • Place
  • Cost
  • Labour requirements

Question 16 of 76

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

  • 20
  • 30
  • 50
  • unlimited

Question 17 of 76

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

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

Question 18 of 76

Q.18 Coding of items helps in-

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

Question 19 of 76

Q.19 The layout of drug store depends upon-

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

Question 20 of 76

Q.20 ABC analysis is based on-

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

Question 21 of 76

Q.21 Which of these data of marketing research is more reliable?

  • Primary data
  • secondary data
  • both primary and secondary data
  • none of the above

Question 22 of 76

Q.22 Location which attracts the customer for shopping may be termed as-

  • Interceptive location
  • Geographic location
  • Generative Location
  • Sucipent location

Question 23 of 76

Q.23 Bank provides finance to bussiness for-

  • Long term
  • Short term
  • medium term
  • Any of the above

Question 24 of 76

Q.24 Fixed rate of divident is given to-

  • Equity share holders
  • Preference share holders
  • Differed shares
  • Any of the above

Question 25 of 76

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

  • Dual aspect concept
  • Realization concept
  • cost concept
  • Money measurement concept

Question 26 of 76

Q.26 What is the role of shareholders in a company?

  • Owners
  • Creditors
  • Managers
  • Any of the above

Question 27 of 76

Q.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

Question 28 of 76

Q.28 Buying of items from foreign country is called-

  • Export
  • Import
  • Enteport
  • All of the above

Question 29 of 76

Q.29 Trial balance helps in preparing-

  • Trading account
  • profit and loss account
  • Balance sheet
  • All of the above

Question 30 of 76

Q.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

Question 31 of 76

Q.1 Poultry farms comes under which industry?

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

Question 32 of 76

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

  • Personal
  • Real
  • Nominal
  • Profit and loss

Question 33 of 76

Q.3 In VED analysis D stands for-

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

Question 34 of 76

Q.4 alpha numeric codification is suitable for a -

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

Question 35 of 76

Q.5 Purchase indent is an -

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

Question 36 of 76

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

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

Question 37 of 76

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

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

Question 38 of 76

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

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

Question 39 of 76

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

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

Question 40 of 76

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

  • Public deposit
  • Equity shares
  • Debentures
  • Borrowed capital

Question 41 of 76

Q.11 Induction training is meant for -

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

Question 42 of 76

Q.12 Bank is an organisation which deals in -

  • Deposits
  • Loans
  • Money
  • All of the above

Question 43 of 76

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

Question 44 of 76

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

Question 45 of 76

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

Question 46 of 76

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

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

Question 47 of 76

Q.17 Indian contract act was passed in -

  • 1992
  • 1872
  • 1972
  • 1892

Question 48 of 76

Q.18 Scrap and surplus disposal helps to -

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

Question 49 of 76

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

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

Question 50 of 76

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

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

Question 51 of 76

Q.21 A budget is a -

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

Question 52 of 76

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

  • Account
  • Nature
  • Year
  • Transaction

Question 53 of 76

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

  • D.Pharmacy
  • Registered Pharmacist
  • Chemist
  • Druggist

Question 54 of 76

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

  • Planning
  • Organising
  • Crediting
  • Staffing

Question 55 of 76

Q.25 Open tender means -

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

Question 56 of 76

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

Question 57 of 76

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

  • 10
  • 20
  • 50
  • 100

Question 58 of 76

Q.28 The perpetual inventory system includes-

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

Question 59 of 76

Q.29 Commerce is a term involved in -

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

Question 60 of 76

Q.30 Formula of debt equity ratio is -

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

Question 61 of 76

Q.1 When businesses organisations owned and controlled by a single person it is…

  • Sole proprietorship
  • Partnership firms
  • Co operative society
  • All of them

Question 62 of 76

Q.2 .. . Encourage self-employment.

  • Sole proprietorship
  • Co operative society
  • Partnership firms
  • All of them

Question 63 of 76

Q.3 The highest secrecy can be maintained in

  • Sole proprietorship
  • Co operative society
  • Partnership firms
  • All of them

Question 64 of 76

Q.4 Limited scope of expansion is the disadvantage of…

  • Sole proprietorship
  • Partnership firms
  • Co operative society
  • All of them

Question 65 of 76

Q.5 The oldest form of business organisation is….

  • Partnership
  • Joint hindu family
  • Sole Proprietorship
  • All of them

Question 66 of 76

Q.6 In which of the following forms of business organization, registration is compulsory…

  • Partnership firm
  • Sole proprietorship
  • Joint-stock company
  • All of them

Question 67 of 76

Q.1 Inactive partner is also known as…..

  • Sleeping partner
  • Working partner
  • Secret partner
  • None of them

Question 68 of 76

Q.2 … . . .. Partner do not take part in conduct of business firm.

  • Working partner
  • Secret partner
  • Inactive partner
  • None of them

Question 69 of 76

Q.3 The partner not disclosed to public but shares the profit and losses of the firm is…

  • Sleeping partner
  • Inactive partner
  • Both of them
  • None of them

Question 70 of 76

Q.4 The partner not sharing profit but liable for the debts of the firm is…

  • Secret partner
  • Nominal partner
  • Working partner
  • None of them

Question 71 of 76

Q.5 The partner Neither contributing capital not taking an active part in business conduct is…

  • Active partner
  • Working partner
  • Nominal partner
  • None of them

Question 72 of 76

Q.6 The partner who does not want to be known as partner of the firm is…

  • Secret partner
  • Working partner
  • Secret partner
  • None of them

Question 73 of 76

Q.7 The partnership wherein partners have unlimited liabilities is…

  • General partnership
  • Limited partnership
  • Both of them
  • None of them

Question 74 of 76

Q.8 A limited partnership consist of…

  • General partners
  • Limited partners
  • Special partners
  • All of them

Question 75 of 76

Q.9 More stable partnership is…

  • General partnership
  • Limited partnership
  • Both of them
  • None of them

Question 76 of 76

Q.10 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

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