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.
DSBM : MCQs Based Practice Test #1 | D. Pharmacy 2nd year
Score: 0 / 30
Questions
Q1. Poultry farms comes under which industry?
Genetic industries are such industries in which certain species of plants and animals are multiplied and reproduced.
Q2. A type of account relating to losses and incomes is:
Nominal accounts in accounting are the temporary account such as the income statement accounts.
Q3. In VED analysis D stands for-
VED analysis is vital, essential, and desirable analysis employed in inventory control.
Q4. alpha numeric codification is suitable for a -
Alpha numeric codification is a coding system suitable for large scale organisation, e.g. Car Numbers.
Q5. Purchase indent is an -
Purchase indent is a document that is used by the company internally that authorize the purchasing of products and material needed by the company.
Q6. Economic order quantity (EOQ) aims at minimizing -
EOQ aims to minimize carrying cost and ordering cost.
Q7. Which of the method of advertisement is suitable for uneducated media?
Audiovisuals refers to work with both a sound and visual component. This method is suitable for uneducated peoples.
Q8. The business financial year in India ends on -
A financial year in India generally ends on 31st march.
Q9. Patent, copyright, trademarks comes under which type of assets?
Intangible assets are identifiable long term assets of the company having no physical existence.
Q10. Uniform part of a loan raised by a company is known as -
Debentures is a document that either creates a debt or acknowledge it and it is debt without collateral.
Q11. Induction training is meant for -
Induction training is a type of training given as an initial preparation upon taking up a post (new employees)
Q12. Bank is an organisation which deals in -
Bank is an organisation which deals different matters related to money like deposit, loan, interest, etc.
Q13. What is a pooled commission?
Pooled commission is the equal share of commission on total sale .
Q14. Drug samples worth Rs. 5,000 were distributed to physicians. The amount should be debited to -
Advertising account executes work withing advertising or multiservices agencies acting as a link between clients and the agency.
Q15. Credit balance of a ledger account is denoted by -
Excess of credit side over debit side is called credit balance.
Q16. The exchange of goods between foreign producers and foreign consumer comes under -
Entrepot trade in which imported goods are re-exported with or without any additional processing or repackaging.
Q17. Indian contract act was passed in -
The indian contract act was passed in 1872.
Q18. Scrap and surplus disposal helps to -
Disposal of scrap and surplus items helps in gaining funds, reducing investment, space sparing etc.
Q19. The Imprest system is used in relation to -
Imprest system is a form of financial accounting system. The most common imprest system is the petty cash system.
Q20. In fund flow system the term 'fund' means -
Fund means current liabilities and current assets in fund flow statement.
Q21. A budget is a -
A budget is a quantitative expression of a plan for defined period of time.
Q22. in the journal data is recorded on the basis of -
the unit of classification of data within the journal is the transaction. In the journal the data is recorded on the basis of transaction.
Q23. A person who is interested to start a retail drug store must be -
Registered Pharmacist is licensed to start a retail drug store.
Q24. Which one is not the function of management?
Management includes planning, organising, staffing, leading and controlling an organisation to accomplish the goal.
Q25. Open tender means -
Open tender is also known as competitive tender, public tender and major tender.
Q26. The form of cheque for which we cannot get cash in hand is -
Crossed cheque is a cheque marked to specify an instruction about the way it is to be redeemed. One can not get cash in hand through a crossed cheque.
Q27. The maximum number of partners allowed in a general business -
Maximum 20 partners are allowed in a general business.
Q28. The perpetual inventory system includes-
Perpetual inventory is also known as continuous inventory, described system of inventory where information on inventory quality and availability is updated on a continuous basis as a function of doing business. A bin card and store ledger are common elements in a perpetual inventory system.
Q29. Commerce is a term involved in -
Commerce is a whole system of an economy that constitute an environment for business (buying and selling of goods).
Q30. Formula of debt equity ratio is -
Debt equity ratio is used to measure relative claims of creditors and owners. It is Total liabilities by stockholders equity.
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MCQs From Drug store and Business Management | Important MCQs from DSBM | MCQs for Pharmacy exams |