401. In the 2 Bin system EOQ takes into account
A. Annual demand
B. unit cost of item
C. Cost of placing one supply order
D. All of them

402. Safety stock is used :
A. For protection of stores from fire or thefts
B. As an insurance claim during emergency
C. For emergency to meet unforeseen demands
D. To increase the market value of product

403. In VED analysis “D” stands for:
A. Data of receipt of items
B. Deviation of stock
C. Desirable items
D. Daily desired items

404. Items which constitute 60 -70% of total inventory and require 20% of yhe total investment on inventories comes under :
A. A Class items
B. C Class items
C. D Class items
D. B Class items

405. The supply of an approximate quantity of stores at a specified price during a certain period of time comes under :
A. Running contract
B. Rate contract
C. Fixed quantity contract
D. Negotiations

406. A location which attracts customers for shopping may be termed as:
A. Interceptive location
B. Generative location
C. Suscipient location
D. Geographic location

407. OTC drugs are:
A. Ethical drugs
B. Prescription drugs
C. Ethical and prescription drugs
D. Non -prescription drugs

408. Type of retailership of street vendor is:
A. Small scale fixed retailer
B. Large Scale retailer
C. Itinerant retailer
D. Pertinent retailer

409. Retailer at a Chemist shop purchases drugs form wholesellers who get supply form manufacturers. channel of distribution of retailer of :
A. Zero level
B. Two level
C. One level
D. Three level

410. Channel of distribution is Zero level in:
A. Manufacturers -physician -Consumer
B. anufacturer -Wholesellar -physician -patient
C. Manufacturer – Retailer -patient
D. Manufacturer –patient

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
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