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Q.29. Commerce is a term involved in -

  1. Earning profit
  2. Buying and selling of goods
  3. Managing work
  4. Providing finance
Answer: (b) Buying and selling of goods
Explanation: Commerce is a whole system of an economy that constitute an environment for business (buying and selling of goods).

DSBM : MCQs Based Practice Test #1 | D. Pharmacy 2nd Year

30 Questions 1890 Attempts 55.37K Seen
Drug Store and Business Management (DSBM) is an important subject added in the course curriculum of Pharmacy courses, as pharmacist is primarily involved in sale and purchase of drugs/medicines so he/she must need to adopt some profession and occupation. So business management for a drug store is equally important as the knowledge of drugs. In this Practice test we have selected some 30 important questions (MCQs) from drug store and business management (DSBM). This will helpful for diploma in pharmacy 2nd year students, B.pharmacy, competitive exams and also to gain basic knowledge of accounting and commerce.  Start Test without Login in
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Q.1. Poultry farms comes under which industry?

  1. Extractive industries
  2. Genetic industries
  3. Manufacturing industries
  4. Construction industries

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

  1. Personal
  2. Real
  3. Nominal
  4. Profit and loss

Q.3. In VED analysis D stands for-

  1. Data of receipt of items
  2. Desirable item
  3. Deviation of stock
  4. Daily desired item

Q.4. alpha numeric codification is suitable for a -

  1. Large scale organisation
  2. Small scale organisation
  3. Medium scale organisation
  4. All of the above

Q.5. Purchase indent is an -

  1. External document
  2. Internal document
  3. Legal document
  4. None of the above

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

  1. Carrying cost
  2. Ordering cost
  3. Both of carrying cost and ordering cost
  4. Suppliers price

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

  1. Magazines
  2. Audio visual
  3. News papers
  4. Any of the above

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

  1. March 31st
  2. December 31st
  3. July 31st
  4. March 31st and December 31st

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

  1. Current assets
  2. Intangible assets
  3. Tangible assets
  4. Miscellaneous assets

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

  1. Public deposit
  2. Equity shares
  3. Debentures
  4. Borrowed capital

Q.11. Induction training is meant for -

  1. Existing employees
  2. New employees
  3. Both (a) and (b)
  4. None of the above

Q.12. Bank is an organisation which deals in -

  1. Deposits
  2. Loans
  3. Money
  4. All of the above

Q.13. What is a pooled commission?

  1. Share of commission on total profit
  2. Equal share of commission on total sale
  3. Equal share of commission on annual total sale
  4. Straight salary plus bonus on sale

Q.14. Drug samples worth Rs. 5,000 were distributed to physicians. The amount should be debited to -

  1. Sales account
  2. Samples account
  3. Advertisement account
  4. None of the above

Q.15. Credit balance of a ledger account is denoted by -

  1. Excess of credit side over debit side
  2. Excess of debit side over credit side
  3. Equally of debit and credit
  4. Any of the above

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

  1. Import and export trade
  2. Import trade
  3. Entrepot trade
  4. External trade

Q.17. Indian contract act was passed in -

  1. 1992
  2. 1872
  3. 1972
  4. 1892

Q.18. Scrap and surplus disposal helps to -

  1. Reduce investments
  2. Release surplus funds
  3. Make available funds
  4. All of the above

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

  1. Sales book
  2. Purchase book
  3. Petty cash book
  4. Journal

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

  1. Cash
  2. Current assets
  3. Current liabilities
  4. Current liabilities - current assets

Q.21. A budget is a -

  1. Financial statement
  2. Quantitative statement
  3. A report only
  4. Any of the above

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

  1. Account
  2. Nature
  3. Year
  4. Transaction

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

  1. D.Pharmacy
  2. Registered Pharmacist
  3. Chemist
  4. Druggist

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

  1. Planning
  2. Organising
  3. Crediting
  4. Staffing

Q.25. Open tender means -

  1. Major tender
  2. Moderate tender
  3. Minor tender
  4. None of these

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

  1. Bearer cheque
  2. Order cheque
  3. Crossed cheque
  4. None of the above

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

  1. 10
  2. 20
  3. 50
  4. 100

Q.28. The perpetual inventory system includes-

  1. Bin card
  2. Stores ledger
  3. Continuous stock taking
  4. All of the above

Q.29. Commerce is a term involved in -

  1. Earning profit
  2. Buying and selling of goods
  3. Managing work
  4. Providing finance

Q.30. Formula of debt equity ratio is -

  1. Net profit after tax
  2. Owners equity
  3. Total liabilities / shareholders equity
  4. Internal equity / external equity
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