MULTIPLE CHOICE QUESTIONS

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DRUG STORE AND BUSINESS MANAGEMENT
MULTIPLE CHOICE QUESTIONS
Mr. Maroti M. Jeurkar Lecturer, YBCP, chandrapur
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DRUG HOUSE MANAGEMENT
Multiple Choice Questions
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Que1. A wholesaler who is engaged in dealing
items manufacture by a single firm of company is
called A. Manufacturer wholesaler B.
Stockist C. Wholesaler Proper D. Del credit
agent Que2. In accounting verifiable objective
evidence concept of all accounting transaction
should be made on the basis of______ A.
Invoice, Vouchers and Receipts B. Inventory of
stock and raw material C. Capital invested
and liabilities D. All profit and losses
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Que3. Which of the bellow statement is not
related to wholesaler? A. Window display of goods
is not important B. They deal in small scale
business C. They required large amount of capital
for trade D. The location of the wholesaler shop
is not very important Que4.Which functional
middlemen find buyers for seller and also
guarantee the payment of the price of goods on
their behalf A. Brokers B. Commission agents C.
Del credit agent D. Auctioneers
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Que5. Performance of business activity that
direct flow of goods and services from producer
to consumer is known as A. Advertisement B.
Marketing C. Sales promotion D. Window
display Que6. In ram Factory, milk is converted
into milk powder, chees, etc. which type of
business activity is carried out here? A.
Trade B. Service C. Commerce D. Industry
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Que7.Mail order business is A. Wholesaler
trade B. Hire purchase trade C. Payable post D.
Hand business Que8. single person is the owner
of the business known as____ A. Partnership
business B. Sole proprietor C. Joint stock
company D. Government company
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Que9. A chemist shop deals only in drugs so is an
example of___ A. General store B. Single line
store C. Street stalls D. Second hand good
shop Que10. How much minimum space required to
open a new retail drug store. A.15sq. metre B.
10sq. metre C. 90-100sq.ft. D. Both B and C
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Que11. Following are describes indirect channel
of distribution except A. producer--wholesaler--r
etailerconsumer B. producer--distributor--wholesa
ler--retailerconsumer C. producer--retailerconsu
mer D. producer---consumer Que12.. A partner
below the age of 18year known as_____
partners. A. active partner B. Inactive
partner C. minor partner D. secret partners
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Que13. Drug store licence is valid up to A. 31st
May of the next year B. 31st December of the next
year C. 31st April of the same year D. 31st
December of the same year Que14. What is the
important object of accounting? A. To maintain
records B. Depict the financial position C. Make
information available to various group user D.
All of the above
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Que15. Amount spent in order to produce and sell
the goods and services is called______ A.
Expense B. Sale C. Revenue D. Income Que16.
Given the following are included in top level
management except A. Directors B. Managing
Director C. Vice chancellor D. HOD
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Que17. ._____ may be defined as the process of
identifying, measuring, recording and
communicating the economic events of an
organisation to the interested users of the
information. A. Accounting concept B.
Accounting C. Accounting conventions D. None of
this   Que18. In joint Hindu family firm the
right to manage the firm vest in ______ alone A.
Karta B. Manager C. Son D. Sons son
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Que19. According to ______ concept all
transaction should be recorded at their monetary
cost of acquisition A. Cost B. Money
measurement C. Going concern D. Accrual Que20.
The maximum number of partners in a banking firm
is A. 2 B. 20 C. 10 D. Unlimited
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Que21. Business is an ? A. Non-economic
activity B. economic activity C. Both economic
non-economic activity D. none of this Que22.
____ or a quotation is a written offer to do a
work or to provide a material at a given price
within a prescribe period and under specified
condition. A. Contract B. Tender C. Purchasing D.
Selling
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Que23._____ means the necessary assumption or
condition upon which accounting is based. A.
Accounting concept B. Accounting C. Accounting
conventions D. None of this Que24. Given the
following are the function of management
except A. Planning B. Staffing C. Eliminating D.
Controlling Que25. Following are the internal
user of accounting except A. Owners B. Manager C.
Employees D. Government
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