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

  1. Trading
  2. Commerce
  3. Direct service
  4. Miscellaneous
Answer: (a) Trading
Explanation: Trading is the value added function of the economic process.

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

30 Questions 595 Attempts 19.81K Seen
Drug Store and Business Management (DSBM) is an important subject added to 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. This is the second practice test in DSBM. In this Practice test, we have selected some 30 important questions (MCQs) from the Subject 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. The term transactions in business referes to-

  1. Exchange of goods
  2. goods and services
  3. transfer of goods
  4. Goods and sale

Q.2. Channel of distribution is zero level in-

  1. Manufacturers → physician → consumer
  2. Manufacturer → wholesaler → physician → patient
  3. Manufacturer → retailer → patient
  4. Manufacturer → patient

Q.3. Type of relationship of street vendor is-

  1. small scale fixed retailer
  2. large scale retailer
  3. Itinerant retailer
  4. Pertinent retailer

Q.4. OTC drugs are-

  1. Ethical drugs
  2. Prescription drugs
  3. Ethical and prescription drugs
  4. non-prescription drugs

Q.5. Safety stock is used for -

  1. For protection of store from fire or thefts
  2. As an insuarance claim during emergency
  3. for emergency to meet unforeseen demands
  4. to increase the market value of product

Q.6. ICICI stands for -

  1. Industrial Credit and Investment Corporation of India
  2. Inductrial and Commercial Investment Corporation of India
  3. Indian Corporation of Investments and Commercial Institution
  4. Industrial Corporation of Investment and Credit Income

Q.7. Which one of the following will not apear as source of fund in flow statement?

  1. Increase in share capital
  2. increase in working capital
  3. increase in secured loans
  4. funds from operation

Q.8. Inventories comprise of-

  1. Raw material
  2. General store machinery
  3. Finished products
  4. All of the above

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-

  1. Democratic leader
  2. Laissez - Faire leader
  3. Herzberg leader
  4. social leader

Q.10. Advertisement and salesmanship help to remove the-

  1. Hindrance of place
  2. Hindrance of persons
  3. Hindrance of finance
  4. Unawareness

Q.11. Business is an-

  1. non-economic activity
  2. economic activity
  3. both economic and non-economic activity
  4. All of the above

Q.12. Partners who are neither entitled to take part in the management nor do they invest and get a share of profits are-

  1. silent partners
  2. Prtners by estoppel
  3. Nominal partner
  4. Limited partner

Q.13. The oldest form of business organisation is-

  1. Joint stock company
  2. Sole Proprietorship
  3. Partnership
  4. All of the above

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

  1. Trading
  2. Commerce
  3. Direct service
  4. Miscellaneous

Q.15. Warehousing is done to save-

  1. Time
  2. Place
  3. Cost
  4. Labour requirements

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

  1. 20
  2. 30
  3. 50
  4. unlimited

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

  1. cash
  2. credit
  3. both cash and credit
  4. Instalment basis

Q.18. Coding of items helps in-

  1. Handling of store items
  2. Standardization of drug
  3. Reduction of items
  4. All of the above

Q.19. The layout of drug store depends upon-

  1. Pharmacist/proprietor
  2. Rules specified in shedule N
  3. Availability of space
  4. All of the above

Q.20. ABC analysis is based on-

  1. Unit price material
  2. consumption value of material
  3. storage value of material
  4. All of the above

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

  1. Primary data
  2. secondary data
  3. both primary and secondary data
  4. none of the above

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

  1. Interceptive location
  2. Geographic location
  3. Generative Location
  4. Sucipent location

Q.23. Bank provides finance to bussiness for-

  1. Long term
  2. Short term
  3. medium term
  4. Any of the above

Q.24. Fixed rate of divident is given to-

  1. Equity share holders
  2. Preference share holders
  3. Differed shares
  4. Any of the above

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

  1. Dual aspect concept
  2. Realization concept
  3. cost concept
  4. Money measurement concept

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

  1. Owners
  2. Creditors
  3. Managers
  4. Any of the above

Q.27. Plant and machinery will appear on-

  1. Debit side of balance sheet
  2. Debit side of profit and loss account
  3. Credit side of balance sheet
  4. Credit side of profit and loss account

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

  1. Export
  2. Import
  3. Enteport
  4. All of the above

Q.29. Trial balance helps in preparing-

  1. Trading account
  2. profit and loss account
  3. Balance sheet
  4. All of the above

Q.30. A chemist shop deals only in drugs so it is an example of-

  1. General store
  2. Single line store
  3. Street stall
  4. none of the above
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