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Drug Store And Business Management — Part 2 MCQs with Explanations

Practice high-yield Pharmacy & Pharmacology MCQs on Drug Store And Business Management — Part 2 with worked academic solutions for PPSC Drug Inspector, FPSC, KPPSC, SPSC.

Questions
40
Difficulty Level
Exam-Level
Target Exams
PPSC Drug Inspector, FPSC, KPPSC...
Estimated Time
48 mins
Exam-Level PPSC Drug Inspector FPSC KPPSC SPSC
Verified for Commission Syllabus • Oct 14, 2026
40

Verified Practice Questions

Interactive test mode with detailed academic worked solutions

Live Progress | 0/40 answered
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Question 1 of 40
★ PPSC Drug Inspector ★ FPSC

. . . . . . . . helps to improve management decision making by providing relevant, accurate and timely information.

Question 2 of 40
★ PPSC Drug Inspector ★ FPSC

Oldest form of business organisation

Question 3 of 40
★ PPSC Drug Inspector ★ FPSC

Pharmaceutical industry is covered under . . . . . . . . industries.

Question 4 of 40
★ PPSC Drug Inspector ★ FPSC

At least 10 adults, no maximum limit in case of . . . . . . . .

Question 5 of 40
★ PPSC Drug Inspector ★ FPSC

. . . . . . . . level management frame the policies for the enterprise.

Question 6 of 40
★ PPSC Drug Inspector ★ FPSC

Which of the following is not an advantage of budgetary control?

Question 7 of 40
★ PPSC Drug Inspector ★ FPSC

A method of codification of various items of drug store

Question 8 of 40
★ PPSC Drug Inspector ★ FPSC

A type of account relating to losses and incomes is

Question 9 of 40
★ PPSC Drug Inspector ★ FPSC

How much capital is in small scale industry?

Question 10 of 40
★ PPSC Drug Inspector ★ FPSC

Capital expense includes the following Except

Question 11 of 40
★ PPSC Drug Inspector ★ FPSC

The perpetual inventory system includes-

Question 12 of 40
★ PPSC Drug Inspector ★ FPSC

Objective of trial balance is

Question 13 of 40
★ PPSC Drug Inspector ★ FPSC

. . . . . . . . are the life blood of business

Question 14 of 40
★ PPSC Drug Inspector ★ FPSC

The route of drug administration that is considered to provide complete (100%) bio availability is

Question 15 of 40
★ PPSC Drug Inspector ★ FPSC

Inventory carrying cost consists of the

Question 16 of 40
★ PPSC Drug Inspector ★ FPSC

The storage of goods in warehouses is necessary due to following reason

Question 17 of 40
★ PPSC Drug Inspector ★ FPSC

Interest on Capital is . . . . . . . . and interest on Drawings is . . . . . . . . to Profit and Loss Account.

Question 18 of 40
★ PPSC Drug Inspector ★ FPSC

Medium term finance valid upto

Question 19 of 40
★ PPSC Drug Inspector ★ FPSC

CAPM stands for . . . . . . . .

Question 20 of 40
★ PPSC Drug Inspector ★ FPSC

Insurance removes the hindrance of

Question 21 of 40
★ PPSC Drug Inspector ★ FPSC

Commerce overcome the hindrances of

Question 22 of 40
★ PPSC Drug Inspector ★ FPSC

Sales made to Mr. Varma should be debited to

Question 23 of 40
★ PPSC Drug Inspector ★ FPSC

The full disclosure principle states:

Question 24 of 40
★ PPSC Drug Inspector ★ FPSC

. . . . . . . . refers to the exchange of goods or commodities against money or service.

Question 25 of 40
★ PPSC Drug Inspector ★ FPSC

For which type of account Overdraft facility permitted?

Question 26 of 40
★ PPSC Drug Inspector ★ FPSC

One of the most important tools of cost planning is . . . . . . . .

Question 27 of 40
★ PPSC Drug Inspector ★ FPSC

A partner below the age 18 does not enjoy the rights of full pledged is

Question 28 of 40
★ PPSC Drug Inspector ★ FPSC

EOQ means

Question 29 of 40
★ PPSC Drug Inspector ★ FPSC

After which step of selection process physical and medical examinations are taken.

Question 30 of 40
★ PPSC Drug Inspector ★ FPSC

Heavy industries which need . . . . . . . .

Question 31 of 40
★ PPSC Drug Inspector ★ FPSC

How much is the duration of training

Question 32 of 40
★ PPSC Drug Inspector ★ FPSC

Simplest form of Business organization is

Question 33 of 40
★ PPSC Drug Inspector ★ FPSC

Budgetary control involves in the following aspects except . . . . . . . .

Question 34 of 40
★ PPSC Drug Inspector ★ FPSC

A drugs store opened near traffic light or road circle . . . . . . . .

Question 35 of 40
★ PPSC Drug Inspector ★ FPSC

What will be the situation, if one country is doing foreign trade?

Question 36 of 40
★ PPSC Drug Inspector ★ FPSC

A modern drug house should satisfy all the necessities mentioned in the schedule N of Tile Drugs and Cosmetic Rules, . . . . . . . .

Question 37 of 40
★ PPSC Drug Inspector ★ FPSC

Foreign trade helps in

Question 38 of 40
★ PPSC Drug Inspector ★ FPSC

The qualification for starting a retail sale drug store should be

Question 39 of 40
★ PPSC Drug Inspector ★ FPSC

The price which the buyer is willing to pay for the goods being auctioned:

Question 40 of 40
★ PPSC Drug Inspector ★ FPSC

The latest development in the field of budgeting is

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In competitive commission exams (FPSC, PPSC, KPPSC, SPSC, CSS, PMS), questions are frequently phrased with distractor options designed to catch rote learners. Whenever you answer an MCQ, read the Detailed Academic Explanation and Conceptual Anchor to understand why the remaining options are incorrect.

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