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
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🎉 Set complete! All 40 questions answered.
Question 1 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
. . . . . . . . helps to improve management decision making by providing relevant, accurate and timely information.
Correct Answer: Option C — Marketing research
Detailed Academic Explanation:
Marketing research is the correct answer to “. . . . . . . . helps to improve management decision making by providing relevant, accurate and timely information.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 2 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Oldest form of business organisation
Correct Answer: Option A — Sole proprietorship
Detailed Academic Explanation:
Sole proprietorship is the correct answer to “Oldest form of business organisation”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 3 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Pharmaceutical industry is covered under . . . . . . . . industries.
Correct Answer: Option D — Manufacturing
Detailed Academic Explanation:
Manufacturing is the correct answer to “Pharmaceutical industry is covered under . . . . . . . . industries.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 4 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
At least 10 adults, no maximum limit in case of . . . . . . . .
Correct Answer: Option D — Cooperative Society
Detailed Academic Explanation:
Cooperative Society is the correct answer to “At least 10 adults, no maximum limit in case of . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 5 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
. . . . . . . . level management frame the policies for the enterprise.
Correct Answer: Option A — Top
Detailed Academic Explanation:
Top is the correct answer to “. . . . . . . . level management frame the policies for the enterprise.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 6 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Which of the following is not an advantage of budgetary control?
Correct Answer: Option D — Interdepartmental conflict
Detailed Academic Explanation:
Interdepartmental conflict is the correct answer to “Which of the following is not an advantage of budgetary control”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 7 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
A method of codification of various items of drug store
Correct Answer: Option D — All the above
Detailed Academic Explanation:
All the above is the correct answer to “A method of codification of various items of drug store”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 8 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
A type of account relating to losses and incomes is
Correct Answer: Option C — Nominal
Detailed Academic Explanation:
Nominal is the correct answer to “A type of account relating to losses and incomes is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 9 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
How much capital is in small scale industry?
Correct Answer: Option C — Not more than 10 lakhs
Detailed Academic Explanation:
Not more than 10 lakhs is the correct answer to “How much capital is in small scale industry”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 10 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Capital expense includes the following Except
Correct Answer: Option C — Payroll
Detailed Academic Explanation:
Payroll is the correct answer to “Capital expense includes the following Except”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 11 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The perpetual inventory system includes-
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “The perpetual inventory system includes-”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 12 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Objective of trial balance is
Correct Answer: Option C — To ascertain the arithmetical of the ledger
Detailed Academic Explanation:
To ascertain the arithmetical of the ledger is the correct answer to “Objective of trial balance is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 13 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
. . . . . . . . are the life blood of business
Correct Answer: Option C — Sales
Detailed Academic Explanation:
Sales is the correct answer to “. . . . . . . . are the life blood of business”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 14 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The route of drug administration that is considered to provide complete (100%) bio availability is
Correct Answer: Option D — I. V.
Detailed Academic Explanation:
I. V. is the correct answer to “The route of drug administration that is considered to provide complete (100%) bio availability is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 15 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Inventory carrying cost consists of the
Correct Answer: Option A — Ordering cost
Detailed Academic Explanation:
Ordering cost is the correct answer to “Inventory carrying cost consists of the”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 16 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The storage of goods in warehouses is necessary due to following reason
Correct Answer: Option A — Maintain stability in price of goods
Detailed Academic Explanation:
Maintain stability in price of goods is the correct answer to “The storage of goods in warehouses is necessary due to following reason”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 17 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Interest on Capital is . . . . . . . . and interest on Drawings is . . . . . . . . to Profit and Loss Account.
Correct Answer: Option A — Debited, Credited
Detailed Academic Explanation:
Debited, Credited is the correct answer to “Interest on Capital is . . . . . . . . and interest on Drawings is . . . . . . . . to Profit and Loss Account.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 18 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Medium term finance valid upto
Correct Answer: Option D — 3to 10 years
Detailed Academic Explanation:
3to 10 years is the correct answer to “Medium term finance valid upto”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 19 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
CAPM stands for . . . . . . . .
Correct Answer: Option A — Capital Asset Pricing Model
Detailed Academic Explanation:
Capital Asset Pricing Model is the correct answer to “CAPM stands for . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 20 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Insurance removes the hindrance of
Correct Answer: Option C — Risk
Detailed Academic Explanation:
Risk is the correct answer to “Insurance removes the hindrance of”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 21 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Commerce overcome the hindrances of
Correct Answer: Option A — Person, Money, Transport, Time, Knowledge, Damage, Risk of loss
Detailed Academic Explanation:
Person, Money, Transport, Time, Knowledge, Damage, Risk of loss is the correct answer to “Commerce overcome the hindrances of”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 22 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Sales made to Mr. Varma should be debited to
Correct Answer: Option B — Bani account
Detailed Academic Explanation:
Bani account is the correct answer to “Sales made to Mr. Varma should be debited to”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 23 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The full disclosure principle states:
Correct Answer: Option B — The tendency to maintain a state of affairs without a sudden change
Detailed Academic Explanation:
The tendency to maintain a state of affairs without a sudden change is the correct answer to “The full disclosure principle states:”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 24 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
. . . . . . . . refers to the exchange of goods or commodities against money or service.
Correct Answer: Option C — Sales
Detailed Academic Explanation:
Sales is the correct answer to “. . . . . . . . refers to the exchange of goods or commodities against money or service.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 25 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
For which type of account Overdraft facility permitted?
Correct Answer: Option A — Current account
Detailed Academic Explanation:
Current account is the correct answer to “For which type of account Overdraft facility permitted”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 26 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
One of the most important tools of cost planning is . . . . . . . .
Correct Answer: Option A — Budget
Detailed Academic Explanation:
Budget is the correct answer to “One of the most important tools of cost planning is . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 27 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
A partner below the age 18 does not enjoy the rights of full pledged is
Correct Answer: Option C — Minor partner
Detailed Academic Explanation:
Minor partner is the correct answer to “A partner below the age 18 does not enjoy the rights of full pledged is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 28 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
EOQ means
Correct Answer: Option B — Economic order quantity
Detailed Academic Explanation:
Option "Economic order quantity" is the correct answer for this question under Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 29 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
After which step of selection process physical and medical examinations are taken.
Correct Answer: Option D — Reference check
Detailed Academic Explanation:
Reference check is the correct answer to “After which step of selection process physical and medical examinations are taken.”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 30 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Heavy industries which need . . . . . . . .
Correct Answer: Option C — Both A and B
Detailed Academic Explanation:
Both A and B is the correct answer to “Heavy industries which need . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 31 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
How much is the duration of training
Correct Answer: Option D — Any suitable term
Detailed Academic Explanation:
Any suitable term is the correct answer to “How much is the duration of training”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 32 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Simplest form of Business organization is
Correct Answer: Option A — Sole proprietorship
Detailed Academic Explanation:
Sole proprietorship is the correct answer to “Simplest form of Business organization is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 33 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Budgetary control involves in the following aspects except . . . . . . . .
Correct Answer: Option D — Finding the estimated revenue receipt
Detailed Academic Explanation:
Finding the estimated revenue receipt is the correct answer to “Budgetary control involves in the following aspects except . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 34 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
A drugs store opened near traffic light or road circle . . . . . . . .
Correct Answer: Option A — Obstructs the customers to visit the shop
Detailed Academic Explanation:
Obstructs the customers to visit the shop is the correct answer to “A drugs store opened near traffic light or road circle . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 35 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
What will be the situation, if one country is doing foreign trade?
Correct Answer: Option D — All of above
Detailed Academic Explanation:
All of above is the correct answer to “What will be the situation, if one country is doing foreign trade”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 36 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
A modern drug house should satisfy all the necessities mentioned in the schedule N of Tile Drugs and Cosmetic Rules, . . . . . . . .
Correct Answer: Option C — 1945
Detailed Academic Explanation:
1945 is the correct answer to “A modern drug house should satisfy all the necessities mentioned in the schedule N of Tile Drugs and Cosmetic Rules, . . . . . . . .”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 37 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
Foreign trade helps in
Correct Answer: Option B — Elimination of monopolies
Detailed Academic Explanation:
Elimination of monopolies is the correct answer to “Foreign trade helps in”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 38 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The qualification for starting a retail sale drug store should be
Correct Answer: Option D — Registered pharmacist
Detailed Academic Explanation:
Registered pharmacist is the correct answer to “The qualification for starting a retail sale drug store should be”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 39 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The price which the buyer is willing to pay for the goods being auctioned:
Correct Answer: Option A — Bid
Detailed Academic Explanation:
Bid is the correct answer to “The price which the buyer is willing to pay for the goods being auctioned:”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
Question 40 of 40
★ PPSC Drug Inspector
★ FPSC
★ PPSC Drug Inspector
★ FPSC
The latest development in the field of budgeting is
Correct Answer: Option A — Zero base budgeting
Detailed Academic Explanation:
Zero base budgeting is the correct answer to “The latest development in the field of budgeting is”. This question is standard in competitive examination syllabi for Drug Store And Business Management.
💡Key Conceptual Anchor:Drug Store And Business Management
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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.