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1 of 30
Q.1 The term transactions in business referes to-
- Exchange of goods
- goods and services
- transfer of goods
- Goods and sale
2 of 30
Q.2 Channel of distribution is zero level in-
- Manufacturers → physician → consumer
- Manufacturer → wholesaler → physician → patient
- Manufacturer → retailer → patient
- Manufacturer → patient
3 of 30
Q.3 Type of relationship of street vendor is-
- small scale fixed retailer
- large scale retailer
- Itinerant retailer
- Pertinent retailer
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Q.4 OTC drugs are-
- Ethical drugs
- Prescription drugs
- Ethical and prescription drugs
- non-prescription drugs
5 of 30
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
6 of 30
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
7 of 30
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
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Q.8 Inventories comprise of-
- Raw material
- General store machinery
- Finished products
- All of the above
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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
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Q.10 Advertisement and salesmanship help to remove the-
- Hindrance of place
- Hindrance of persons
- Hindrance of finance
- Unawareness
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Q.11 Business is an-
- non-economic activity
- economic activity
- both economic and non-economic activity
- All of the above
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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
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Q.13 The oldest form of business organisation is-
- Joint stock company
- Sole Proprietorship
- Partnership
- All of the above
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Q.14 The buying and selling of pharmaceuticals items for making profit is called-
- Trading
- Commerce
- Direct service
- Miscellaneous
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Q.15 Warehousing is done to save-
- Time
- Place
- Cost
- Labour requirements
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Q.16 The maximum number of members in public limited company is-
- 20
- 30
- 50
- unlimited
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Q.17 In a mail order business goods are sold on-
- cash
- credit
- both cash and credit
- Instalment basis
18 of 30
Q.18 Coding of items helps in-
- Handling of store items
- Standardization of drug
- Reduction of items
- All of the above
19 of 30
Q.19 The layout of drug store depends upon-
- Pharmacist/proprietor
- Rules specified in shedule N
- Availability of space
- All of the above
20 of 30
Q.20 ABC analysis is based on-
- Unit price material
- consumption value of material
- storage value of material
- All of the above
21 of 30
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
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Q.22 Location which attracts the customer for shopping may be termed as-
- Interceptive location
- Geographic location
- Generative Location
- Sucipent location
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Q.23 Bank provides finance to bussiness for-
- Long term
- Short term
- medium term
- Any of the above
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Q.24 Fixed rate of divident is given to-
- Equity share holders
- Preference share holders
- Differed shares
- Any of the above
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Q.25 Each transaction has double effect is shown by-
- Dual aspect concept
- Realization concept
- cost concept
- Money measurement concept
26 of 30
Q.26 What is the role of shareholders in a company?
- Owners
- Creditors
- Managers
- Any of the above
27 of 30
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
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Q.28 Buying of items from foreign country is called-
- Export
- Import
- Enteport
- All of the above
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Q.29 Trial balance helps in preparing-
- Trading account
- profit and loss account
- Balance sheet
- All of the above
30 of 30
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