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drug-store-business-management MCQs with Explanations - Chapter-wise Practice Questions
Q. 25 of Quiz- (Que-ID : 1334)
Each transaction has double effect is shown by-
- Dual aspect concept
- Realization concept
- cost concept
- Money measurement concept
Q. 18 of Quiz- (Que-ID : 1201)
Scrap and surplus disposal helps to -
- Reduce investments
- Release surplus funds
- Make available funds
- All of the above
Q. 12 of Quiz- (Que-ID : 1321)
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
Q. 12 of Quiz- (Que-ID : 1195)
Bank is an organisation which deals in -
- Deposits
- Loans
- Money
- All of the above
Q. 8 of Quiz- (Que-ID : 1464)
A limited partnership consist of…
- General partners
- Limited partners
- Special partners
- All of them
Q. 24 of Quiz- (Que-ID : 1333)
Fixed rate of divident is given to-
- Equity share holders
- Preference share holders
- Differed shares
- Any of the above
Q. 7 of Quiz- (Que-ID : 1316)
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
Q. 1 of Quiz- (Que-ID : 1184)
Poultry farms comes under which industry?
- Extractive industries
- Genetic industries
- Manufacturing industries
- Construction industries
Q. 27 of Quiz- (Que-ID : 1336)
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
Q. 3 of Quiz- (Que-ID : 1453)
The highest secrecy can be maintained in
- Sole proprietorship
- Co operative society
- Partnership firms
- All of them
Q. 20 of Quiz- (Que-ID : 1203)
In fund flow system the term 'fund' means -
- Cash
- Current assets
- Current liabilities
- Current liabilities - current assets
Q. 16 of Quiz- (Que-ID : 1199)
The exchange of goods between foreign producers and foreign consumer comes under -
- Import and export trade
- Import trade
- Entrepot trade
- External trade
Q. 6 of Quiz- (Que-ID : 1189)
Economic order quantity (EOQ) aims at minimizing -
- Carrying cost
- Ordering cost
- Both of carrying cost and ordering cost
- Suppliers price
Q. 28 of Quiz- (Que-ID : 1337)
Buying of items from foreign country is called-
- Export
- Import
- Enteport
- All of the above
Q. 21 of Quiz- (Que-ID : 1204)
A budget is a -
- Financial statement
- Quantitative statement
- A report only
- Any of the above
Q. 9 of Quiz- (Que-ID : 1318)
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
Q. 17 of Quiz- (Que-ID : 1326)
In a mail order business goods are sold on-
- cash
- credit
- both cash and credit
- Instalment basis
Q. 14 of Quiz- (Que-ID : 1197)
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
Q. 5 of Quiz- (Que-ID : 1455)
The oldest form of business organisation is….
- Partnership
- Joint hindu family
- Sole Proprietorship
- All of them
Q. 28 of Quiz- (Que-ID : 1211)
The perpetual inventory system includes-
- Bin card
- Stores ledger
- Continuous stock taking
- All of the above
Q. 6 of Quiz- (Que-ID : 1456)
In which of the following forms of business organization, registration is compulsory…
- Partnership firm
- Sole proprietorship
- Joint-stock company
- All of them
Q. 5 of Quiz- (Que-ID : 1461)
The partner Neither contributing capital not taking an active part in business conduct is…
- Active partner
- Working partner
- Nominal partner
- None of them
Q. 11 of Quiz- (Que-ID : 1320)
Business is an-
- non-economic activity
- economic activity
- both economic and non-economic activity
- All of the above
Q. 24 of Quiz- (Que-ID : 1207)
Which one is not the function of management?
- Planning
- Organising
- Crediting
- Staffing
Q. 3 of Quiz- (Que-ID : 1312)
Type of relationship of street vendor is-
- small scale fixed retailer
- large scale retailer
- Itinerant retailer
- Pertinent retailer
Q. 3 of Quiz- (Que-ID : 1186)
In VED analysis D stands for-
- Data of receipt of items
- Desirable item
- Deviation of stock
- Daily desired item
Q. 8 of Quiz- (Que-ID : 1191)
The business financial year in India ends on -
- March 31st
- December 31st
- July 31st
- March 31st and December 31st
Q. 6 of Quiz- (Que-ID : 1462)
The partner who does not want to be known as partner of the firm is…
- Secret partner
- Working partner
- Secret partner
- None of them
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